Abstract
This paper discusses the growth factors which impact the Internet of Things (IOT) industry. Using relevant historical data to extract the corresponding factors such as industry scale, marketing demand, technology innovation in different hierarchical levels, and quantifies these factors. Making use of the Analytic Hierarchy Process (AHP), we build the indicator framework of IOT industry growth. The empirical results show that: these factors, namely IOT industry scale, innovation level and technology progress, all promote IOT industry growth relevantly. Furthermore, this paper forecasts the regularity of IOT industry growth. All of this provides the basis and support of IOT industry growth.
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