Greater China Set to Dominate Global Industrial IoT Market, Says New GSMA Report
The GSMA today issued a new report, ‘The Industrial IoT in Greater China ’, highlighting how the region is poised to lead the global Industrial IoT (IIoT) market. The in-depth report draws on interviews with mobile operators including Asia Pacific Telecom Group, China Mobile, China Telecom, China Unicom, Far EasTone and Taiwan Mobile who outline how the combination of fast internet speeds, data analytics, artificial intelligence (AI) and the IoT is transforming the region’s industrial sector. GSMA Intelligence estimates that there will be 13.8 billion IIoT connections globally by 2025. Greater China accounts for approximately 4.1 billion of these connections or a third of the global market.
“These new technologies will fundamentally alter the way we live and work, intelligently connecting virtually every device, making our cities smarter and our lives easier and more productive,” commented Alex Sinclair, Chief Technology Officer, GSMA. “China is betting big on the IIoT to increase productivity and drive efficiencies by streamlining and automating manufacturing processes via internet connectivity. Backed by positive government support, China is set to become the world’s leader.”
The IIoT, will increase productivity by combining AI, cloud computing and advanced analytics to automate manufacturing processes via internet connectivity. It will enable factories to monitor and interpret data from production lines and complex machinery in real time to anticipate faults, manage infrastructure and mitigate risk. The captured data will drive efficiencies, optimise productivity and decrease costs in many important economic sectors beyond manufacturing, such as energy and telecoms. China is also making advances in the area of AI which, with machine learning, will help factories and businesses manage complex processes and drive innovation.
China’s Government Backing the IIoT
China’s government is a major driving force behind the country’s adoption of the Industrial IoT. In 2015, the government outlined its ‘Made in China 2025’ strategy, which aims to boost manufacturing innovation, including the IoT, smart appliances and high-end consumer electronics, and transform China from “a manufacturing big house” to “a manufacturing super house” in the next 10 years. The government also unveiled its ‘Internet Plus Action Plan’ in 2015 to integrate the internet with traditional industries and create a new engine for economic growth, bringing together the mobile internet, cloud computing, big data and the IoT with modern manufacturing.
The Role of China’s Operators
China’s mobile operators will play a fundamental role in these developments by providing secure, reliable and intelligent connectivity to businesses and enterprises across the country. China’s operators will be integral to the development of the IIoT and an invaluable and strategic partner for cities, governments and other organisations. The GSMA’s Internet of Things Programme is working closely with all operators, as well as other vendors in the ecosystem, to support and help accelerate the delivery of compelling and secure IoT solutions including Low Power Wide Area (LPWA) networks, such as LTE-M and NB-IoT, which are helping to usher in innovative new services across the country. LTE-M and NB-IoT will play a key role in the development of 5G networks and in particular, ‘massive IoT’, which will enable smart cities, industrial automation and other applications involving large numbers of connected devices.
IoT Programme at Mobile World Congress Shanghai 2018
The GSMA’s IoT Programme will host its 7th GSMA Mobile IoT Summit at Mobile World Congress Shanghai 2018. The summit will explore the latest developments in LPWA networks in licensed spectrum as they are being rolled out around the world and cover topics including data analytics, the impact of 5G and security amongst others. The summit will be held in Auditorium A, Hall N5 in the Shanghai New International Expo Centre (SNIEC). For further information, please go to: www.gsma.com/iot/event/iot-summit-at-mobile-world-congress-shanghai-2018/. The Programme will also demonstrate a number of cutting-edge IoT products and services at the GSMA Innovation City in Hall N5. Please go to: www.gsma.com/iot/iot-mwcs18-innovation-city/.
Connected China at Mobile World Congress Shanghai 2018
The GSMA’s IoT Programme will also host ‘Connected China’ at this year’s Mobile World Congress Shanghai, bringing together some of China’s most innovative start-ups and developers to showcase their products and solutions using Mobile IoT technologies across LTE-M and NB-IoT. There will be a number of interactive demonstrations across six key vertical applications: industrial IoT, logistics, smart agriculture, fire safety, smart city and smart home. Connected China will be held 27-29 June in NEXTech Hall W5 at the SNIEC. For further information, please go to: www.gsma.com/iot/connected-china-at-mwc-shanghai-2018/.
To download the report, please go to: www.gsma.com/iot/greater-china-industrial-iot-report/. For further information on the GSMA’s IoT programme, please go to: www.gsma.com/iot/
About the GSMA
The GSMA represents the interests of mobile operators worldwide, uniting nearly 800 operators with more than 300 companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and internet companies, as well as organisations in adjacent industry sectors. The GSMA also produces industry-leading events such as Mobile World Congress, Mobile World Congress Shanghai, Mobile World Congress Americas and the Mobile 360 Series of conferences.
For more information, please visit the GSMA corporate website at www.gsma.com. Follow the GSMA on Twitter: @GSMA.
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Overseas Roadshow for the IAPH Guangzhou 2019 World Ports Conference Was Held in London21.9.2018 03:08 | Pressemelding
Overseas roadshow for the IAPH Guangzhou 2019 World Ports Conference was successfully held in Armourer's Hall, London, UK on September 20th. Ms. Yuan Yue, Deputy Director General of Guangzhou Port Authority, met with over 100 senior representatives from British ports, ship-owners, commodity traders, shipping & service companies, shipping public policy research institutes, and other representatives from the port and shipping industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180920006031/en/ Speech made by Lord Jeffrey Evans, Chairman of Maritime London (Photo: Business Wire) In her keynote speech, Ms. Yuan Yue said, “Guangzhou is the gateway city of South China and is known as the “Millennium Business Capital” and a popular destination for business and investment. At present, Guangzhou has attracted investors from over 130 countries. Nearly 300 of the world's top 500 companies have businesses and investment in Guangzho
AbuDhabi Dubai STOB Series 22 Investment Enters into Favorable Tender Offer Agreement with MINDOL HOLDINGS21.9.2018 01:00 | Pressemelding
AbuDhabi Dubai STOB Series 22 Investment Limited Partnership, hereafter AbuDhabi22, and MINDOL HOLDINGS LIMITED, hereafter MINDOL, listed on the Hong Kong-based Coinsuper exchange (https://www.coinsuper.com) have reached an agreement where AbuDhabi22 will acquire the minimum 33.3 percent holding for the MINDOL cryptocurrency (MIN, https://mindol.net) to be issued by MINDOL, via a tender offer (TOB). Implementation of the TOB will serve to strengthen the strategic partnership with MINDOL. Both companies expect that the AbuDhabi22 bid will greatly exceed any bids made via ordinary exchange channels. With a bid offering at a stable price, the TOB method was chosen for its strategic worth. The MINDOL business vision for 2019 sets a target for its cryptocurrency, from among the more than 2,000 types of cryptocurrencies currently available, to have a top-30 market capitalization. As a business that focuses on "the fusion of subculture and blockchain," they will develop an online game that ta
Afton Chemical’s S$380 Million Phase II Expansion of Its Jurong Island Plant is Now Complete20.9.2018 21:07 | Pressemelding
Afton Chemical Corporation, a global leader in the lubricant and fuel additive market, today announced the completion of the Phase II expansion of its Chemical Additive Manufacturing Facility in Jurong Island, Singapore. This milestone was marked by a special visit from Singapore’s Minister for Trade & Industry Mr. Chan Chun Sing, who also made a speech and toured the facility. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180920005903/en/ Afton Chemical Corporation – Singapore Chemical Additive Manufacturing Facility Phase II Expansion (Photo: Business Wire) As a wholly owned subsidiary of NewMarket Corporation (NYSE: NEU), Afton has been a leading player in the lubricant and fuel additive marketplace for over 90 years. The company was founded on a Passion for Solutions® and has maintained a focus on customizing commercial and industrial solutions that meet customer needs. Afton begun its Singapore manufacturing operations
IFF Announces Pricing of €1,100,000,000 Senior Notes Offering20.9.2018 20:15 | Pressemelding
Regulatory News: International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF), a leading innovator of sensorial experiences that move the world, today announced that it has priced its public offering of €300,000,000 aggregate principal amount of its 0.500% senior notes due 2021 and €800,000,000 aggregate principal amount of its 1.800% senior notes due 2026. IFF intends to use the net proceeds from the offering to pay a portion of the consideration for the previously announced merger with Frutarom Industries Ltd. and to pay related fees and expenses. IFF anticipates that the offering will close on September 25, 2018, subject to customary closing conditions. The offering is not contingent upon the consummation of the merger. If the closing of the merger has not occurred on or prior to February 7, 2019, or, if prior to such date, the merger agreement with Frutarom is terminated, IFF will be required to redeem all of the notes on the special mandatory redemption date at a redem
Bentall Kennedy Ranked 1st in Canada, 2nd Globally in the 2018 Global Real Estate Sustainability Benchmark (GRESB) Rankings20.9.2018 20:00 | Pressemelding
For the eighth consecutive year, the Global Real Estate Sustainability Benchmark (GRESB) has ranked Bentall Kennedy among the top firms in the world for its commitment to investing sustainably. Bentall Kennedy retained its position as a top global leader in sustainability on the strength of its collaboration with clients and tenants, and its employees’ commitment to driving innovation in asset and property management. For 2018, Bentall Kennedy ranked as the top firm in Canada and the 2nd globally among diversified firms. In addition, MEPT/MEPT Edgemoor LP, the U.S. core open end fund strategy advised by Bentall Kennedy, continues to be ranked top 3 globally in its category (Global – Diversified). The 2018 GRESB survey included 903 entities (+6% from 2017) covering 79,000 assets with an aggregate value of USD $3.7 trillion. "Given the increased competition globally, we are extremely proud that the most recent GRESB results continue to demonstrate Bentall Kennedy’s worldwide leadership p
Pierre Fabre Receives EU Approval for BRAFTOVI® (encorafenib) + MEKTOVI® (binimetinib) in Adult Patients with Advanced BRAF-Mutant Melanoma20.9.2018 17:21 | Pressemelding
Pierre Fabre today announced that the European Commission (EC) has granted marketing authorisation for the combination of BRAFTOVI® (encorafenib) and MEKTOVI® (binimetinib) for the treatment of adult patients with unresectable or metastatic melanoma with a BRAF V600 mutation, as detected by a validated test.1,2 The EC decision is applicable to all 28 European Union (EU) member states plus Liechtenstein, Iceland and Norway. "We are extremely pleased that European patients with advanced BRAF-mutant melanoma will now have the combination of BRAFTOVI and MEKTOVI as a new treatment option”, said Frédéric Duchesne, President & CEO of the Pierre Fabre Pharmaceuticals Division. “All of us at Pierre Fabre are driven to make a real difference for patients. Bringing more than 30 years of oncology experience and our heritage in dermatology to our partnership with Array BioPharma, we have been able to harness our expertise in order to help men and women living with this devastating disease. Today’s