The global Internet of things industry is in a period of rapid growth，and the next two to three years will be the key development period for the Internet of things industry. At present，IT service providers，industry enterprises，internet enterprises，Telecom Operators rely on their respective advantages to accelerate the layout of the Internet of Things platform from different entry points，forming the Internet of Things industry ecosystem，and competition and cooperation coexist between different camps. China and the United States belong to the first battalion of the Internet of Things industry. However，compared to the United States，China has a large gap in the scale of the Internet of Things，platform influence，industrial ecology，core technology，key equipment，and so on. In the future，China should build an internationally competitive industry ecosystem of the Internet of Things，promote the integrated innovation and large-scale application of the Internet of Things，fill in the shortcomings of core technologies，further promote the “broadband China” strategy，and seize the international competitive commanding heights of the Internet of Things standards.