China's IOT expected to reach 1 trillion yuan in scale

15:47, November 11, 2010      

Email | Print | Subscribe | Comments | Forum 

As the market potential of the Internet of Things (IOT) industry needs a longer time to cultivate, it is expected that the industrial scale of China’s IOT will reach 500 billion yuan by the end of the “12th Five-year Plan” period and the figure will not reach 1 trillion yuan until the late “13th Five-year Plan” period, Wen Ku, director of the Technology Division under the Ministry of Industry and Information Technology, said during the Global Forum on the Internet of Things Industrial Development in Shanghai on Nov. 8.

Wen also said that currently, as the core technologies of IOT are still not mature and the standard system has not yet been established, the IOT industry as a whole is still in its initial stage.

The market size is limited in specific links of China’s IOT industry. In 2009, the market size of China’s sensor industry reached nearly 60 billion yuan; the market size of RFID (radio frequency identification) in China reached 8.5 billion yuan; while the market size of M2M (machine to machine) only reached 1 billion yuan. In addition, cloud computing service has not been commercialized and the existing instruments did not possess the IOT’s basic connotations in 2009.

Wen stressed that there is a significant development opportunity for China’s IOT sector as the IOT technical standards are not yet mature and some countries leading the sector have not addressed the issues associated with space. Furthermore, China has the world’s largest public communications network and the second largest information technology industry, which are the foundations for the rise of the country’s IOT sector.

Wen said that to meet the target of 1 trillion yuan in the market size of the IOT sector, China should first focus on pilot IOT application projects in major areas. Second, China should make breakthroughs in core technologies and build up high-end sensors, new types of RFID and other key industries with international competitiveness. Third, China should establish an IOT standardization system and actively participate in the formulation of the international standards. Fourth, China should strive to push forward the construction of the IOT security assurance system and strengthen the research and development, as well as the legislation of IOT privacy protection technologies.

By People's Daily Online


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion