|Board of Directors|
|Global IOT Outlook|
Rentian Tech believes the market on Internet of Things (IOT) will keep the track on high growth. The group will continue to explore new market, develop new products and perform related investment & acquisition around IOT.
The installed base of IoT endpoints will grow from 9.7 billion in 2014 to more than 25.6 billion in 2019, hitting 30 billion in 2020, with a compound annual growth rate (CAGR) of 21.4%. (Source: IDC Worldwide Internet of Things Forecast, Feb 2016)
IDC predicts that the worldwide Internet of Things (IoT) market spend will grow from $591.7 billion in 2014 to $1.3 trillion in 2019 with a compound annual growth rate (CAGR) of 17%. For China market, it already hit $120 billion in 2015 and expect to grow to $150 billion in 2017, with a CAGR of 26.46%. (Source: IDC Worldwide Internet of Things Forecast, Feb 2016)
IOT endpoint devices, communication/connectivity, applications will be the major areas in most of the IOT products and services. Big data analytics and cloud platform are also in rapid growth stage. (Source: IDC Worldwide Internet of Things Forecast, Feb 2016)