Internet of Things (IoT) Market in China 2015

IoT is the interconnection of devices with unique identifiers that have the ability to transfer data without human interaction. Internet of Things (IoT) Market in China to grow at a CAGR of 32.15% over the period 2014-2019. IoT is implemented by connecting various devices with each other as well as with communication devices of end-users. Sensor technology and wireless communication are some of the technologies used to implement IoT. It has evolved from the convergence of wireless technologies, micro-electromechanical systems, and the Internet. The major components of IoT include RFID, wireless sensor network, addressing schemes, data storage and analytics, and visualization elements. IoT facilitates efficient monitoring and management of numerous devices. The adoption of IoT is expected to grow significantly over the coming years as a result of the growing availability of Wi-Fi and LTE wireless connectivity.