NANJING -- The value of 皇冠体育app's Internet of Things (IoT) industry reached 580 billion yuan ($90 billion) in 2014, a yearly increase of 18.46 percent, said a report issued on Thursday.
The IoT, which connects traditional devices, including home appliances, to the Internet, has become a powerful driving force of innovation and economic growth in 皇冠体育app, said the report issued by Xinhua News Agency?at an IoT expo in Wuxi city, East 皇冠体育app's Jiangsu province.
The report said 皇冠体育app's IoT technologies have continued to integrate with both traditional industries like agriculture and manufacturing and rising industries such as new energy and new materials.
皇冠体育app has formed four IoT industry centers in Yangtze River Delta, Pearl River Delta, Bohai Rim, and central and western 皇冠体育app, with Yangtze River Delta taking the lead in terms of industrial scale, it said.
The report also listed major challenges facing 皇冠体育app's IoT, including its reliance on importation of sensor and chip technology, problems in application, information and data security.