[China Instrument Network Instrument Industry] NB-IOT (narrowband Internet of Things), formerly known as LTE-M, was officially announced by the ITU in September 2015. NB-IOT points to the vast Internet of Things market and is critical for applications such as wearable devices, smart cities, smart water, and smart grids. Recently, Deutsche Telekom has activated the world's first fully-standardized narrow-band Internet of Things, causing concern.
In June of this year, NB-IoT was formally confirmed as a proprietary IoT protocol based on standardization. Subsequent agencies predicted that the domestic NB-IOT industry standard will be released by the end of this year. It is expected to realize large-scale commercial use early next year and the era of the Internet of Things will officially come. .
In 2015, China’s Internet of Things sales revenue exceeded RMB 600 billion, and it is expected to exceed RMB 1 trillion by 2020. The compound growth will exceed 30%, and the industry is huge. In the future, narrow-band Internet of Things technology can be used in smart meter reading, smart parking, vehicle tracking, logistics monitoring, smart agriculture and other fields, and the IoT ecosystem is rapidly forming.
Experts predicted that smart meters are the first breakthrough market for narrow-band Internet of Things investments. This is due to the application of NB-IoT technology. It is mainly used in low-power long-distance IoT communications and is insensitive to data delays. Among the many instrument companies, Sanchuan signed a cooperation agreement with Huawei in December of last year to jointly develop the Internet of Things meter based on the narrow-band Internet of Things (NB-IoT) technology, and believes this has profound and far-reaching significance in the construction of smart water services. Currently, there are relatively few industries that actually use narrow-band Internet of Things. Smart water, water meters and electricity meters are the most recently used sub-industries. This has enabled companies in related fields to preemptively occupy competitive advantages in newly opened markets.
In June of this year, NB-IoT was formally confirmed as a proprietary IoT protocol based on standardization. Subsequent agencies predicted that the domestic NB-IOT industry standard will be released by the end of this year. It is expected to realize large-scale commercial use early next year and the era of the Internet of Things will officially come. .
In 2015, China’s Internet of Things sales revenue exceeded RMB 600 billion, and it is expected to exceed RMB 1 trillion by 2020. The compound growth will exceed 30%, and the industry is huge. In the future, narrow-band Internet of Things technology can be used in smart meter reading, smart parking, vehicle tracking, logistics monitoring, smart agriculture and other fields, and the IoT ecosystem is rapidly forming.
Experts predicted that smart meters are the first breakthrough market for narrow-band Internet of Things investments. This is due to the application of NB-IoT technology. It is mainly used in low-power long-distance IoT communications and is insensitive to data delays. Among the many instrument companies, Sanchuan signed a cooperation agreement with Huawei in December of last year to jointly develop the Internet of Things meter based on the narrow-band Internet of Things (NB-IoT) technology, and believes this has profound and far-reaching significance in the construction of smart water services. Currently, there are relatively few industries that actually use narrow-band Internet of Things. Smart water, water meters and electricity meters are the most recently used sub-industries. This has enabled companies in related fields to preemptively occupy competitive advantages in newly opened markets.
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