This IDC study presents a five-year forecast for the China manufacturing IoT industry as of November 2017. This study reviews and analyzes the market context, including both drivers and inhibitors of IT application growth, highlights the significant market development, and provides the best estimates of China manufacturing IoT spending and forecast for 2017–2021 by technologies, usage scenarios, and subverticals. This study also analyzes industry opportunity and trends and offers advice to technology suppliers.
"With the fast development of IoT technology and sharp increase in physical devices and mass data produced, the requirement of IoT platforms is not just to manage large-scale devices but also converge data analytic functions. We need to have a clearer picture of how to use data effectively to schedule manufacturing plans more efficiently and make decisions more precisely. However, despite the opportunities, the defects are also getting distinct, requiring IoT providers to pay special attention on enhancing IoT application research and development (R&D) capabilities to show innovative value to their customers and particularly focus on a closer partnership with manufacturing companies to discover and develop more deployment scenarios within the manufacturing industry," says Yue Zhang, research manager, IDC China Manufacturing Insights Research and Consulting.