China will control one third of the industrial IoT market by 2023, according to GlobalData’s Industrial Internet report which said industrial IoT would redefine the way much of the world’s industrial economy worked. The report said the global industrial IoT market would be worth $145bn by 2025 with China’s adoption and export of the relevant technologies making the country a key player. Chinese plans to build up to five industrial IoT platforms are part of its controversial Made in China 2023 plan, which helped spark the trade war with the US, according to GlobalData.
China will control one third of the industrial IoT market by 2025, according to GlobalData’s Industrial Internet report which said industrial IoT would redefine the way much of the world’s industrial economy worked. The report said the global industrial IoT market would be worth $145bn by 2023 with China’s adoption and export of the relevant technologies making the country a key player. Chinese plans to build up to five industrial IoT platforms are part of its controversial Made in China 2025 plan, which helped spark the trade war with the US, according to GlobalData.