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Detailed examination of India's internet of things (IoT) market: basic influencing factors driving the market

Detailed examination of India's internet of things (IoT) market: basic influencing factors driving the market

Internet Of Things (IOT) Market refers to the devices, other than computers and smartphones, connected to the Internet. Deloitte estimates the current number of such devices in the country to be around 60 million. The report said IoT solution deployment for digital utilities or smart cities and in the manufacturing, transport and logistics and automotive industries would drive the demand for industrial IoT applications going forward.

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The major players in India market include 
Axelta Systems
GSF India
Boltt Sports Technologies 
Carnot Technologies
Gaia Smart Cities
Klar Systems
Neewee
Saturam
SenseGiz
75F
Stellapps

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 Internet Of Things (IOT) Market Make an Inquiry about this news refers to the devices, other than computers and smartphones, connected to the Internet. Deloitte estimates the current number of such devices in the country to be around 60 million.

The report said IoT solution deployment for digital utilities or smart cities and in the manufacturing, transport and logistics and automotive industries would drive the demand for industrial IoT applications going forward.

“By 2020, we believe industries such as utilities, manufacturing, automotive, transportation and logistics are expected to see highest adoption levels of IoT in India.

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The government’s planned investment of about $1 billion for 100 smart cities, over the next five years, is expected to be a key enabler for IoT adoption across these industries. In addition, industries such as healthcare, retail, and agriculture are also expected to make significant progress in IoT adoption,” it said.

It said India needs to continue to build capabilities across technology areas of sensors to adapt to rugged climate, terrain along with network infrastructure, standards and augmented intelligence and behaviour. Observing that telecom operators would be initially focusing on providing SIMs for IoT devices and solutions, the report expects that in the next two years, telcos would unveil new IoT strategies or stretch the existing one to have higher level of participation in the overall end-to-end IoT ecosystem and economy.

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