China took the fifth spot in terms of global industrial digitalization, followed by Japan and the United States. South Korea, Singapore and Germany won the top three spots, according to a report by BloombergNEF released on Sept 25.
The top 10 countries hail predominantly from Asia and Europe, which continue to lead in global industrial digitalization with strategies focusing on AI and advanced manufacturing, BNEF noted.
The ranking is evaluated on the basis of a country's policy, technology, investment, education level, venture funding and other factors.
Danya Liu, lead author and digital industry analyst at BNEF, said: "The ranking reveals the markets where industrial systems – from manufacturing to power distribution – are likely to experience the fastest improvements in efficiency thanks to smart technology. Perhaps more importantly, they also indicate which governments are positioned to become new global technology leaders."
Let's look at the top 10 world digitalization markets.
No 10 Sweden
People enjoy warm weather at Tantolunden Park in Stockholm on May 30, 2020. [Photo/Agencies]
No 9 Canada
Visitors view panoramic scenes from CN Tower in Toronto on July 15, 2020. [Photo/Agencies]
No 8 France
A city view shows the French flag above the skyline of Paris on March 30, 2016. [Photo/Agencies]
No 7 US
The 2019 Macy's Thanksgiving Day Parade in New York City. [Photo by Kong Wenzheng/chinadaily.com.cn]
No 6 Japan
A boy in a stroller reacts to Boston Dynamics' four-legged robot Spot during its demonstration at the Tokyo Robot Collection on Sept 18, 2020. [Photo/Agencies]
No 5 China
A booth showcasing 5G technology at an industry expo in Beijing. [Photo by Chen Xiaogen/China Daily]
No 4 UK
People walk past the Upside-Down House attraction next to the beach in Brighton, England on Sept 12, 2020. [Photo/Agencies]
No 3 Germany
A view of streets in Berlin. [Photo/Agencies]
No 2 Singapore
A man looks at Rolls Royce's Trent Engine displayed at the Singapore Airshow. [Photo/Agencies]
