India is a rapidly growing hub for IoT Solutions, the country’s IoT market size in this area is expected to increase about 7 times – from USD 1.3 billion in 2017 to USD 9 billion by 2020 – According to Deloitte TMT Predictions 2017.
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.
By 2020 – Industries such as utilities, manufacturing, automotive & commercial telematics, transportation & logistics will see highest adoption of IoT in India. Moreover the Government of India’s planned investment of USD 1 billion for 100 smart cities over the next 5 years will be a key enabler for IoT adoption across these industries in India. Moreover, 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.
In 2017 Telco’s in India are expected to make significant investments to extend their IoT capabilities by providing data analytics and storage and in some cases for more specialised areas operators are expected to enter into partnerships with companies. “These companies would provide cheaper sensors, cloud data storage, analytics, visualisation platforms providing remote monitoring, dashboards and reports, and field service platforms providing automated maintenance tickets and technical assistance”
Now into Successful 6th Year - Being India’s Largest, Most Comprehensive & Longest Running 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. This year’s edition will incorporate separate dedicated sessions on IoT Start-up’s Centre Stage and IoT Security Workshop.
For more details: http://www.konnectworldwide.com/iot/index.html
