Vice President of Huawei Enterprise BG: in the next five to ten years, China will become the world's largest Internet of things market.

Thanks to CTOnews.com netizens Xiao Zhan cut, Alejandro86 clue delivery! CTOnews.com, October 22, 2023 World Internet of things Wuxi Summit was held on October 21. During the summit, Xue Ming, vice president of Huawei's enterprise BG and director of the National Broadband Mobile Communication Core Network Engineering and Technology Research Center, delivered a keynote speech on "Zhaopin everything: tamping the cornerstone of the digital economy."

Xue Ming believes that the next 10 years will be a golden period for the development of the Internet of things, in which all devices, terminals and sensors will be based on IoT (Internet of Things, Internet of things) to achieve full perception and digitization of the Internet of things. The Internet of things will develop to hundreds of billions of connections in the next 5-10 years, creating a trillion-dollar market. At the same time, he also said that 25.9% of this market will come from China, which will then become the world's largest market for the Internet of things.

During the 2023 World Internet of things Expo, Xu Xiao, vice minister of the Ministry of Industry and Information Technology, said that the Ministry of Industry and Information Technology will implement the deployment of the National Conference on promoting New industrialization, formulate and introduce relevant policies and measures, promote new infrastructure construction such as animal networking, and accelerate the new type of industrialization.

CTOnews.com previously reported that according to the data of the Ministry of Industry and Information Technology, as of September this year, China's cellular Internet of things end-users reached 2.148 billion, the number of Internet of things enterprises exceeded 8000, and the industrial scale was close to 3 trillion yuan, maintaining a high-speed growth trend. In addition, China has built the world's largest narrowband Internet of things, 4G and 5G networks, which can provide differentiated network services according to the needs of various application scenarios.

According to the research of market research agency IDC, 60% of the enterprises are using or will use IoT business.