Internet of Things (IoT) Market in China 2015 to grow at a CAGR of 32.15% by 2019: Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 09/21/2015 -- IoT is the interconnection of devices with unique identifiers that have the ability to transfer data without human interaction. Internet of Things (IoT) Market in China to grow at a CAGR of 32.15% over the period 2014-2019. IoT is implemented by connecting various devices with each other as well as with communication devices of end-users. Sensor technology and wireless communication are some of the technologies used to implement IoT. It has evolved from the convergence of wireless technologies, micro-electromechanical systems, and the Internet. The major components of IoT include RFID, wireless sensor network, addressing schemes, data storage and analytics, and visualization elements. IoT facilitates efficient monitoring and management of numerous devices. The adoption of IoT is expected to grow significantly over the coming years as a result of the growing availability of Wi-Fi and LTE wireless connectivity.
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Covered in this Report
This report covers the present scenario and the growth prospects of the IoT market in China for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of various IoT elements such as:
Others including gateways, networking components, SCADA, cloud services, and CEP
The market is highly fragmented with the presence of a large number of small and large vendors. Therefore, the report does not provide the market shares of the vendors; it merely lists the key vendors in the market. In addition, the report discusses the major drivers that influence the growth of the IoT market in China. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
The report only provides the number of connected devices in use and their forecast. However, the report does not include the revenue from the sale of connected devices.
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Huawei Technologies (Huawei Investment and Holding)
Other Prominent Vendors
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Nokia Siemens Networks
Important Questions Answered in report:-
What will the expected Compound Annual Growth Rate For "Internet of Things (IoT) Market in China"?
What will the Internet of Things (IoT) Market in China size be in 2019?
What is driving this market?
What are the challenges related to Internet of Things (IoT) Market in China growth?
What are the key market trends?
Who are the key vendors in Internet of Things (IoT) Market in China area?
What are the market opportunities?
What are the strengths as well as weaknesses of the key vendors?
Which are the threats faced by the key vendors?