China is Leading the World in the Internet of Things
The Internet of Things (or, IoT) is the connection of formerly unconnected ‘things’ to the Internet…
Which will enable cars, industrial equipment, homes, etc. to collect and analyze data, and even automate processes.
And according to research by GSMA, no country implements IoT technologies better than China.
Last year, the country had 74 million machine-to-machine (M2M) connections. Source: GSMA.
While the U.S. has under 50 million M2M connections right now.
Meanwhile, the U.S. will probably have just over 150 million by the same time.
Take a look…
Source: GSMA Intelligence. Cellular M2M Connections(in millions)
But how is China leading the world?
There are few reasons, but the main one is simply the power of the Chinese government.
Back in 2010, the government set up a national IoT Center.
And set a goal to build the country’s IoT technologies into a $163 billion market by 2020.
To do that, the government set up IoT standards in 2013, and then integrated new tech into smart cities in 2014.
“Beijing, Shanghai, Guangzhou, Hangzhou and other large cities have established extensive database and sensor networks to collect, store, and analyse information related to transportation, electricity, public safety, and environmental factors.” - GSMA Intelligence
Of course, the private sector is helping to make all of this possible too.
Specifically, the country’s leading wireless carriers — China Mobile, China Telecom, and China Unicom — are connecting China to the IoT.
“Chinese operators are developing sophisticated M2M service propositions that go far beyond the provision of basic connectivity.” - Sylwia Kechiche GSMA Intelligence
China Mobile helped develop a national IoT platform, sells its own M2M services, and even started an Internet of Vehicles company.
Similarly, China Telecom is building services for connected homes and vehicles, and has its own center focused on M2M.
China’s IoT expansion also benefits from the country’s large population.
“China offers economies of scale for IoT unmatched by any other single country.” - Josh Builta IHS Technology
And the country’s past economic growth enabled China to build out IoT systems quickly.
Because of its early lead in IoT, even China’s current economic worries shouldn't hurt the country’s IoT dominance.
But that doesn’t mean you can’t benefit from the Internet of Things too.
Check this out…
This $19 Trillion Industry Could Destroy the Internet One bleeding-edge technology is about to put the World Wide Web to bed. And if you act quickly, you could be among the savvy investors who enjoy the profits from this stunning change. Experts are calling it the single largest business opportunity in the history of capitalism... The Economist is calling it "transformative"... But you'll probably just call it "how I made my millions." Don't be too late to the party -- click here for one stock to own when the Web goes dark. CLICK TO READ NOW