IoT is touted as the next big business opportunity for Telco’s and Vendors - According to a joint study conducted by GSMA and Machina Research, the number of total connected devices would grow from more than 9 million today to 24 million in 2020. According to latest industry reports by NASSCOM – IoT is a mammoth opportunity for the world & India. In next 5 years global opportunity is likely to touch 300 billion USD and India will boast of a 15 billion USD market of IoT. Moreover according to Machina Research - IoT in India will account for USD 10-12 billion by 2020. This will comprise of USD 194 billion from hardware and USD 179 billion from software.
In India IoT market has now started evolving – India IoT market will be majorly driven by Automotive & Commercial Telematics, Household Monitoring & Control, Smart Homes , Smart Cities & Smart Metering, Manufacturing, Transportation , Smart Supply Chain & Logistics, Smart Health and Financial Services & Retail.
In India market Automotive, Transport, Logistics, Smart Cities Solutions industries lead in terms of IoT adoption. However, Utilities will drive future market growth as the Government of India is increasingly taking serious initiatives to deploy smart energy meters to address the concern of increasing power theft & round-the-clock monitoring of power supply. 100 Smart Cities Government of India Programme will also play a major role in adoption of IoT solutions in India.
Now into Successful 5th Year - Being India’s Largest & Most Comprehensive Event on IoT – The forum will offer a world class platform for understanding business value proposition of IoT and how IoT technologies and applications will help businesses to fuel growth and productivity in India market.