China’s IoT sector is set to experience robust growth in the coming years, with the country’s IoT connections projected to reach nearly 10.25 billion by 2026, according to a recent report by the International Data Corporation (IDC), a global market research firm. The consumption sector is expected to account for the majority of these connections, with the smart home and wearable devices fields serving as the main growth drivers. The report anticipates that the number of consumption-related IoT connections will approach 5.98 billion by 2026, while connections related to manufacturing and public facilities sectors are predicted to be approximately 300 million and 2.2 billion, respectively. IDC also predicts a double-digit expansion of IoT connections in the healthcare and education industries in the years ahead.
China has made a commitment to develop its digital infrastructure, including 5G, IoT, cloud computing, and the industrial internet, to a globally advanced level by 2025. The country is taking significant steps to expedite the integration of IoT and other next-generation information technologies.
The IDC report reflects China’s ongoing investment in technological development and its determination to enhance its digital capabilities. With China’s large population and rapidly growing middle class, the IoT sector offers tremendous opportunities for both domestic and international businesses. The rise of the consumption-related IoT connections in the country highlights the increasing demand for smart home devices and wearables. As China continues to invest in its digital infrastructure, it is expected that the IoT sector will continue to thrive and contribute to the country’s economic growth.
In conclusion, the IDC report underscores the significant potential for China’s IoT sector in the years ahead. With the country’s ambitious plans to develop its digital infrastructure and its rapidly growing middle class, the IoT market in China presents a lucrative opportunity for both domestic and international businesses.