IDC's latest Internet of Things (IoT) expenditure report pointed out that the total investment amount of global IoT construction in 2016 reached 737 billion US dollars, of which 30.6% is the purchase amount of hardware and service expenditure is 27.5%. The proportion of software expenditures and communication connections was 25.0% and 16.9%, respectively.
It is estimated that by 2020, the output value of IoT hardware will exceed 400 billion US dollars, and IoT node devices such as modules and sensors will account for the vast majority of hardware expenditures. In the software segment, more than half of software expenditures will be used. In the application (App) development, maintenance.
The Internet of Things is a digital composite system integrating sensing, communication, network, computing and control technologies. The Internet of Things application will cover all fields of national economy and social services. It is recognized as the world's information industry after computers and the Internet. The third wave is the next trillion-level industry.
The Internet of Things has become a new highland for international science and technology competition. It is listed as one of China's five emerging strategic industries along with new energy and green manufacturing.
At present, the global economy is in a downturn, and many chip companies are trying to transform and break through the existing pattern. The booming development of the emerging Internet of the Internet has enabled everyone to see a new path, which naturally attracts a large number of chip companies to follow up. Intel, Qualcomm, ARM, NXP, TI, ADI and other chip giants have actively deployed the Internet of Things field, trying to seize the opportunities in the Internet of Things era.
The development of the Internet of Things has a huge demand for chips. However, due to the weak foundation of China's chip industry, core chips mainly rely on imports. How to break through the core technology of the IoT chip industry is the focus of China's chip industry.
To win the market, vendors need a broad portfolio of technologies that cover processors, sensing, and communications, as well as protocols that combine these technologies, and ultimately ensure the security of product services. These companies also need to create their own hub node products or find similar products to work together to connect all the devices. Because there is currently no chip manufacturer with all these combinations of elements, acquisitions and cooperation are the mainstream of the IoT industry to provide more complete IoT products and services.
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