IDC: It is estimated that China's Internet of Things (IoT) expenditure will reach 1658.6 billion US dollars by 2025.

According to the Zhitong Finance and Economics app, IDC data shows that by 2025, China's Internet of Things (IoT) spending is expected to reach $165.86 billion, a 13.7% increase from 2023. With strong policy support, huge market demand, and the integration of new technologies, the Internet of Things will continue to develop in the future, accelerating the digital transformation and intelligent transformation processes of various industries, injecting sustained momentum into industrial upgrading. IDC predicts that by 2029, China's investment in the Internet of Things will be approximately $251.51 billion, with a compound annual growth rate (CAGR) from 2025 to 2029 at 11.5%.