Chinese IoT service revenues are predicted to grow at a faster rate than any other country, mostly driven by data analytics.
A report has found that by 2020, these revenues will grow more than five times, exceeding $41 billion.
Dan Shey, VP at ABI Research, said: "By 2020, smart meter connections will exceed the next highest market segment in total connections by nearly 10 to 1.
"Data analytics revenues will generate the most IoT revenues in China. This statistic is reflective of the sheer volume of smart meter connections. "
He also said that platform revenues are not as high due to, for example, a higher share of proprietary embedded telematics deployments, especially by domestic OEM brands.
