On June 16, 2016, 3GPP formally approved the relevant content of NB-IoT and confirmed that NB-IoT is the standard protocol based on IoT. The successful completion of standardization marks NB-IoT is about to enter the commercial phase of scale, the era of Internet of Things officially arrived. In 2015, the sales revenue of China's Internet of Things surpassed 600 billion yuan, surpassing 1,000 billion yuan by 2020, and the compound growth rate will exceed 30% with huge industry space.
NB-IoT technology has obvious advantages, IOT ecosystem is rapidly forming
NB-IoT is the only long-distance, low-transmission-rate communication technology with large-scale popularity and high commercial value. With the advantages of multiple connections, deep coverage, low power consumption and low cost, NB-IoT is suitable for smart metering, smart parking, Vehicle tracking, logistics monitoring, intelligent agriculture, forestry, animal husbandry and fisheries as well as smart wearable, smart home, smart community and other fields. At present, domestic and foreign chip module manufacturers and operators to the vertical industry and business solutions providers are active layout, the Internet of Things ecosystem is rapidly forming, the industry is about to usher in explosive growth.
Smart meters and other types of enterprises will be the first to benefit
Taking into account NB-IoT technology is mainly used in low-power long-distance Internet of Things communications, combined with its insensitive to the characteristics of data delay, investment agencies that smart meters and other types of enterprises will be the first to popularize NB-IoT technology, will First benefit.