Study On Growth Of The Internet Of Things Industry

The emergence of the Internet of Things has its specific historical background, the economic weakness of the western developed countries and growth worry in developing countries is the internal demand of the Internet of Things, the sub-prime mortgage crisis originated in the United States in2008is the fire cable of the rapid growth of the Internet of Things. In order to promote the development of the Internet of Things, some developed countries carry scientific strategic layout on it based on it’s national interests. Research on the Internet of Things of our country is late, because we have launched a series of resource mobilization activities and local industrial layout on the background of not grasping accurately connotation and epitaxial of the Internet of Things, growth process, the development directions, this is not conducive to the healthy development of the Internet of Things industry in China. Based of these, it will be helpful to improve the progress of the theory of the Things on Internet industry, and also be conducive to the manager’s scientific decision～making of the Internet of Things industry in China, to study systematically domestic and foreign related base theory of the Internet of Things and base theory of industry growth, to analyze the growth mechanism of the Internet of Things industry, to explore the growth law of it.The Internet of Things is a product of IT and Internet’s development to a certain stage, and is a new emerging modern information industry. However, from the content, the Internet of Things is different from the general information industry, it includes not only a sensor identification equipment, network communications equipment, application system equipment and so on other physical products manufacturing industry, but also belong to the providing communication channels, software development, system integration, professional services and so on other service industries, or the spirit of industry; it not only has some new creation, newly added products "narrow" industrial part of the Things of Internet technology itself, but also has some newly added "fusion" industrial part by application extending to other industries. the Things of Internet has a complex industrial connotation and extension, the theory of growth mechanism of the Things of Internet industry is based on the theory of information industry, the theory of core firm, the theory of industry chain and the theory of industry cluster.The Internet of Things,like other industry, has also a evolutionary process on industry growth, only it show some differences in growth background, power source, the growth process and so on. The value creation of the Internet of Things is the innovative way of communication between humans and things, to get real raw data,to promote transparency of the management process, and reduce the communication transaction costs, mainly show of its value creation process is to promote simplistic data access, promote the automation of production processes and management,and enhance customer service levels. The application value of the Internet of Things is mainly showed to making the object wise, to change the mode way of production and life of the human.The growing of the Internet of Things industry chain is the key of development of The Internet of Things industry. As for the structure, The Internet of Things industrial chain mainly consist of seven parts, namely, sensor chip and core devices developers, Internet service provider, system integration service providers, software and intelligent information system developers, sensor and communication equipment manufacturers, application service providers, clients. Among them the most important are sensor chip and core devices developers and system integration service providers, The former is responsible for the technological levels of the Internet of Things industry chain whilst the latter sets higher demands for the business model innovation. The Internet of Things industrial chain has character of long chain, technology～dominated, application～driven, and strong relationship. Developmental mechanism of the Internet of Things industry chain can be interpreted from the angles of dynamical mechanism, theoretical model and formation mechanism. From the collaborative decision and work division model of the Internet of Things industry chain, the developmental mechanism can also be proven.The Internet of Things industry has a tendency towards clusterism, and has the sufficient and necessary condition of the formation of industrial cluster. The development of the Internet of Things industrial cluster largely due to markets, regional resources endowment; industry environment, policies and regulations, special knowledge. The evolution of industrial cluster can be divided into the embryonic stage, forming stage, growth stage, maturity stage and decline stage. Developmental mechanism of the Internet of Things industry cluster can be interpreted from the angles of theory foundation, the conditions of growth, and real cases. The developmental mechanism of the Internet of Things industry cluster can also be proven by the construction of convergency factor model and logistic growth model.Exploring Industry growth strategy of the Internet of Things in China is the end result of this research project. From the Internet of Things theory of industrial growth mechanism and the development of China’s industrial progress, industrial growth of China’s Internet of Things should follow a strategy based on both the government and the market’s wheel drive path. The strategy path should regard industry growth life cycle of the Internet of Things as the main line, and regard resources effect mechanism in industry growth as the driving force, regard the core enterprise in the industry growth, the industrial chain, industrial clusters as effect content, regard accelerating the pace of the Internet of Things industry growth in China as the goal.