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By 2020 Market Value of IoT will touch $9 billion in India

India has rapidly shown Growth for IoT solution,So the Great news is that the country’s IoT market size is about to increase around 7 times than last year.So statistically In 2020, it is expected that from USD 1.3 billion to USD 9 billion will be the market size.This was said by a Deloitte’s consultancy firm in its TMT Prediction 2017. IoT  (Internet of Things) basically refers to internetworking of Physical Devices or devices other than computer and smartphones,  connected to the Internet.According to the estimate by Deloitte, there are around 60 million devices used.The report says there would be demand for industrial IoT application in transport, logistics and manufacturing or for Digital utilities and smart cities. There are plans from the Government side to invest around $1 billion for 100 smart cities.This is possibly going to take place in the next five years and it would be an important step towards IoT adoption. It is expected for industries such as automotive, utilities, transportation and logistics to achieve the highest levels of IoT in India. Providing SIMs for IoT devices and solution will be the initial focus.For long term play, some of the leading operators would spin off new IoT entities making them available with flexibility and focusing on end-to-end solution rather than being connectivity provider.These companies would provide dashboard, reports, Field service, technical assistance and remote monitoring through supplying cloud data storage, cheap sensors, visualisation and analytics.
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By 2020 Market Value of IoT will touch $9 billion in India

Paula Hernandez
What's New
20th Feb, 2017
By 2020 Market Value of IoT will touch $9 billion in India

India has rapidly shown Growth for IoT solution,So the Great news is that the country’s IoT market size is about to increase around 7 times than last year.So statistically In 2020, it is expected that from USD 1.3 billion to USD 9 billion will be the market size.This was said by a Deloitte’s consultancy firm in its TMT Prediction 2017.

IoT  (Internet of Things) basically refers to internetworking of Physical Devices or devices other than computer and smartphones,  connected to the Internet.According to the estimate by Deloitte, there are around 60 million devices used.The report says there would be demand for industrial IoT application in transport, logistics and manufacturing or for Digital utilities and smart cities.

There are plans from the Government side to invest around $1 billion for 100 smart cities.This is possibly going to take place in the next five years and it would be an important step towards IoT adoption. It is expected for industries such as automotive, utilities, transportation and logistics to achieve the highest levels of IoT in India.

Providing SIMs for IoT devices and solution will be the initial focus.For long term play, some of the leading operators would spin off new IoT entities making them available with flexibility and focusing on end-to-end solution rather than being connectivity provider.These companies would provide dashboard, reports, Field service, technical assistance and remote monitoring through supplying cloud data storage, cheap sensors, visualisation and analytics.

Paula

Paula Hernandez

Blog Author

Paula spent six years lecturing about Java before settling as a full-time independent Android developer. She also has strong interest in writing about Android and the Internet of Things (IoT).

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