(OFweek) – With the rapid development of industrial internet and the
IoT 3.0, the market with trillion yuan of production value comes to the
entrepreneurs. The demands for sensors in IoT form a brand new market
for integrated circuit. The data indicates that the market scale of IoT
solution will reach $7.2 trillion by 2020, and the compound annual
growth rate in Chinese market will be 20%. The Big Data and Cloud
Computing will also really embody its high added values; IoT will play
an important role in wearable device, smart city and industry 4.0 as
well.
“Through the development history of IoT, it is a qualitative
leap from consuming internet to industrial internet. Industrial
internet is the key to the realization of industry 4.0.” experts claimed
at the China Internet of Things Conference held yesterday (May 21). The
sensor industrial chain which is closely related to IoT will embrace
explosive growth and Big Data and Cloud Computing will embody their high
added values as well.
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Source：http://global.ofweek.com/news/Sensor-industry-chain-will-embrace-explosive-growth-29720
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