Spend­ing on IoT set to in­crease

China Daily (USA) - - BUSINESS -

Chi­nese man­u­fac­tur­ing en­ter­prises’ spend­ing on the In­ter­net of Things is ex­pected to grow by an an­nual av­er­age rate of 14.7 per­cent and hit $127.5 bil­lion by 2020, a re­port showed on Thurs­day. “Dur­ing the process, soft­ware and ser­vices will lead the­way for fast growth with a com­bined mar­ket share of over 60 per­cent,” ac­cord­ing to the re­port by re­search firm International Data Corp. IoT is a strate­gic emerg­ing in­dus­try in China, and was in­cluded in the 13th Five-year Plan (2016-20).

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.