IoT market scale 2020 or reach 1.45 trillion US dollars Industrial IoT has a greater impact

The "Internet of Things" (IoT) era is coming. In the future, not only computers and mobile phones can access the Internet, but also the cars on the road, the home appliances in the living room, and the equipment in the factory are all connected to the cloud. They will also communicate with each other, in addition to creating a new "wisdom." Life, the business opportunities behind it are even bigger and hard to imagine.

According to the Institute of Industrial Intelligence (MIC), the value of the global IoT market will “double” in the next four years, reaching $1.45 trillion by 2020.

Among them, the industrial Internet of Things has a broader and more influential scope, including smart manufacturing, smart medical care, smart energy, smart transportation, etc. It is estimated that by 2020, the output value will be US$869.9 billion, and 60% of the entire IoT business opportunity will be arranged.

The internationally renowned McKinsey consultants (Mckinsey) analyzed that the Internet of Things application areas include individuals, cities, factories, automobiles, homes, retail, offices, etc. It is estimated that by 2025, the Internet of Things's contribution to the global economy may exceed the staggering 11 trillion US dollars.

Acer's founder, Shi Zhenrong, said that the business opportunities of the Internet of Things include Baoshan Baohai, for example, in food safety, disaster prevention, environmental monitoring, crime prevention and advanced care. There are many opportunities hidden in each application.

Tong Zhixian, chairman of Heshuo, is trying to outline the scale of business opportunities in the Internet of Things. He analyzed that compared to the current "Internet", it connects all computers together and connects people. In 2000, I told you to create a social networking website. His value can reach 200 billion US dollars. You may not be convinced that you may be killed, but today you will not have to doubt if you see Alibaba and Facebook.

As for the next "Internet of Things", the objects are connected, although they are invisible and intangible, but with about 600 million people in the world, they are multiplied by about 1,000 large and small devices in each person's life, and then given Some of these devices are "smart". This is the Internet of Things. The business opportunities in the Internet are unimaginable. It may be ten times, hundreds of times, or even thousands of times the Internet business opportunities.

Chen Yanhe, senior industry analyst of the CMC, observed that with the general trend of “Industry 4.0”, the business opportunities of the future Industrial Internet of Things will be greater than the application of the Internet of Things in general consumption, in addition to helping to improve industrial sustainability and reduce operations. Cost, productivity, etc., are more likely to completely change the design and operation mode of the original terminal products.

However, as in the previous three industrial revolutions, from mechanization, electrification, to informationization, each process of transformation has brought new reversal to human society. The fourth wave of "smart" revolution may also affect existing labor. Structural changes, talent training methods, etc., have an impact on society, and it is recommended that the supporting response be developed early.

Estimated global value of the Internet of Things, the main application of the Internet of Things in the next four years, composite growth rate chart / economic daily report

Connectors overmolding

Overmolding the Connectors offers significant opportunities for cable improvements with higher pull strength and waterproof issue for those parts, which without these characteristic by conventional types.Such as jst jwpf connector. Just be free to contact us if you need any wire-harness solutions or partner for your products. Our professional and experienced team would support you by satisfied skill and service.


Molded Connectors,Molded Waterproof Connector,Molded Straight Wire Connector,Jst Jwpf Connector

ETOP WIREHARNESS LIMITED , http://www.oemmoldedcables.com