Huawei BG Vice President: Over the next five to ten years, the Internet of Things will create a trillion dollar market
The next decade is a golden period for the development of the Internet of Things, in which all devices, terminals, and sensors will be based on IoT to achieve full perception and digitization of the Internet of Things Xue Ming, Director of the National Broadband Mobile Communication Core Network Engineering Technology Research Center, delivered a keynote speech at the 2023 World Internet of Things Wuxi Summit titled "Smart Connect Everything: Consolidating the Foundation of the Digital Economy".Xue Ming stated that in the next 5 to 10 years, the Internet of Things will develop into a trillion dollar market with billions of connections
The next decade is a golden period for the development of the Internet of Things, in which all devices, terminals, and sensors will be based on IoT to achieve full perception and digitization of the Internet of Things Xue Ming, Director of the National Broadband Mobile Communication Core Network Engineering Technology Research Center, delivered a keynote speech at the 2023 World Internet of Things Wuxi Summit titled "Smart Connect Everything: Consolidating the Foundation of the Digital Economy".
Xue Ming stated that in the next 5 to 10 years, the Internet of Things will develop into a trillion dollar market with billions of connections. We estimate that 25.9% comes from China, which will become the world's largest IoT market
Xue Ming believes that in the wave of the digital economy, the infrastructure of the Internet of Things has significantly accelerated. According to IDC research, 60% of enterprises are currently using or about to use IoT for their business. (Reporter Wang Huirong from Pengpai News)
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