China Manufacturing IoT Spend will Reach $128 Billion by 2020

China internet of things market research

Chinese manufacturing enterprise spending on the Internet of Things (IoT) is expected to reach $127.5 billion (approximately RMB848.3 billion) by 2020, with a compound average growth rate of 14.7 percent during 2016 to 2020, according to an IDC market study.

Source: IDC

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