GSMA Announces the Proliferation of Connected Devices in China Will Be Worth More than US$700 Billion in 2020

GSMA Announces the Proliferation of Connected Devices in China Will Be Worth More than US$700 Billion in 2020 PR Newswire SHANGHAI, June 21, 2012 - Machine-to-Machine (M2M) Connectivity Will Drive Significant Growth, Cost Reductions and Efficiencies Across the Automotive, Building and Energy Industries SHANGHAI, June 21, 2012 /PRNewswire/ -- The GSMA, in partnership with Machina Research, today announced that the business impact[1] from the growth of connected devices in China will increase six fold from US$116 billion in 2012 to US$707 billion in 2020, fostering the Connected Life. Connected devices, including smartphones, tablets, consumer electronics and so-called machine-to-machine (M2M) connectivity, are driving innovation and advancement in key industries across Asia Pacific. China's growth in this segment leads all other countries worldwide as its economy continues to develop rapidly, backed by a vibrant and growing technology industry. "China is not only the world's largest mobile market, with more than one billion total mobile connections, but is using this to its advantage by creating new applications, products and services that can improve people's daily lives and advance its economy," said Michael O'Hara, Chief Marketing Officer, GSMA. "China has positioned mobile technology at the centre of its expansion, from a booming car industry to the rapid development of new 'smart' cities, creating efficiencies and consumer benefits through cross-industry collaboration.