Evidence is mounting towards India’s potential massive role in the global shakedown that will be the internet of things (IoT). Of course, IoT is already well on its way – multiple research outlets are predicting an explosion of the internet of things and are looking ahead to 2020 when billions upon billions of connected devices will shape both the enterprise and consumer worlds – but India’s participation has been dormant for a few reasons. However, with IoT estimated to become a potential $15 billion market by 2020 in India, manufacturers and companies in the sector should not discount the opportunities available.
A recent
study published by PriceWaterhouseCoopers and the Confederation of Indian Industries points to East Indian states, in particular, bearing promise in the grand scheme of India’s IoT market. The research cites that states including West Bengal, Odisha, Jharkhand, Chhattisgarh and Bihar are growing hubs for IT, IoT, and wireless technologies. $750 – 900 million is the forecast for East India’s contribution to the overall IoT valuation.
Earlier this year, Cebit India organized a panel discussion as part of the COMPASS 2015 Tech Fair in Kolkata. The speakers — many of whom were from Eastern India — ruminated over the changes that will come with the IoT, what is already changing because of IoT, and how businesses should be looking at the market to facilitate growth. Indian innovators are well aware that IoT is already impacting the way the technology scene looks worldwide. No tech conference, no matter where it occurs, can take place without some sort of discussion on IoT’s current role in connectivity. For complete and original post see
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