China's IoT technology has reached 700 billion yuan

The new concept of China Instrument Network Instrumentation reporter learned from the press conference held at the 2016 IOT Expo Organizing Committee on October 29th that with the improvement of China's Internet of Things technology standards and the establishment of a technical system, and the country’s key support for construction Supported by public applications and common technology platforms, the Internet of Things technology has entered the application maturity phase from the concept introduction period. At present, the Internet of Things technology has been applied in such fields as security, transportation, medical care, electricity, agriculture, forestry, environmental protection, and finance. The industrial scale has exceeded 750 billion yuan.


In 2009, the State Council approved Wuxi to build a national sensor network innovation demonstration zone and gradually form the Wuxi, Chongqing, Hangzhou and other Internet of Things industry bases. So far it has gone through 7 years. It has gone from concept introduction to demonstration applications to industrial chain. Several difficult stages have been gradually formed.

In recent years, relevant national ministries and commissions have continuously adjusted the layout of the Internet of Things and related industries, focusing on the Wuxi National Sensor Network Innovation Demonstration Zone in Jiangsu Province, intensifying the core technology research of the Internet of Things in the Demonstration Area, and the key technical standards, public applications and commonalities of the Internet of Things. Technical platform construction and support for key application demonstration projects. So far, China has implemented 10 major special projects in the field of the Internet of Things and invested more than 2 billion yuan.

Under the guidance of the country’s high attention and policy, a series of major breakthroughs have been made, whether from the R&D of the core technology of the Internet of Things to participating in the formulation of international standards, or from the partial pilot to industrial application of the industry. Some key technologies are at the forefront of the world. Levels and standards have formed international advantages. At present, thanks to the pilot advantages and industrial foundation of the Internet of Things pilot, the city of Wuxi has gathered more than 40 key R&D institutions, built 53 public Internet platforms, and has undertaken more than 2,000 R&D projects at the provincial level and above, including national ministries and commissions. The number of application demonstration projects approved by the project has reached 17 and the number of Internet of Things companies has grown to 1171 with an operating income of 168.8 billion yuan.

(Original title: The scale of China's Internet of Things industry exceeded 700 billion yuan)

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