As per the global market research company International Data Corporation (IDC), China will outperform the UnitedStates in 2024 in the China vs. USA race to become the world’s largest Internet of Things (IoT) market.
At the cusp of another technological revolution, the current fact remains. A few new technologies such as 5 G,
Internet of Things, artificial intelligence, robotics, 3D printing, autonomous systems, cloud computing,
and blockchain are driving the revolution, all driven by data.
Trump signed a $716 billion defence strategy bill as well as tightening legislation to curb Chinese
participation in US innovation.
scale. The Industrial IoT (IIoT) is the location where the money is at the end of the day.
The Americas rules the world in IoT ventures covering: Connected Industries (45 percent), Connected Building (53 percent), Connected Vehicle (54 percent), Smart Energy (42 percent), Connected Health (55 percent), Smart SupplyChain (49 percent), and Smart Retail Chain (49 percent), as per a January 2018 IoT Analytics study (53 percent ).
2024, with the compound annual growth rate staying at 13 percent over the next five years.
manufacturing, and consumer IoT spending will account for more than half of the total market spending by 2024.
begging to take on the fundamental role of IoT in preventing and managing epidemics, as well as their ability to
alleviate market disruptions.
with One Belt, One Path extending from its 2013 underlying commitment to a cross-continental road and a maritime road to integrate space travel (space tourism and transport, etc.), the travel industry, the internet, and some more.
technologically strengthen its span across the globe. What’s more, in reality, as we begin in 2021, economics,
diplomacy, and technology in this new race between powers are by no means different.
to cross US$23 trillion in size by 2025 and Huawei is the biggest player in taking advantage of this opportunity fromChina’s point of view.