What Is The Future Of IoT In India?
As per IAMAI (The Internet and Mobile Association of India) and Deloitte report that the Industrial IoT is foreseen to exceed the consumer IoT space in India by 2020.
The joint report even claims that there is a $12 billion IoT opportunity.
It also predicts that IoT’s swift adoption in India will make sectors like utilities, industrial manufacturing, energy, transport, agriculture, and logistics lead the market.
In a few years, we have seen the emergence of various IoT startups in India (about 70%).
The most popular sectors attracting investor interest are manufacturing and healthcare.
There is a spike in sections such as connected homes, smart lifestyle, connected building, etc.
Cloud computing and analytics are a driving force of IoT.
Numerous factors add to its growth like smarter lifestyle evolution, data analysis, increased mobility, enhanced decision making, etc.
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