IoT opportunities in India | Arriba Trends

IoT opportunities in India

IOT

The leading global management and strategy consulting firm Zinnov in its latest study, that was released recently has analyzed the market landscape of the Internet of Things (IoT) and the IoT opportunities in India.

It also studied the key demand segments, talent availability and opportunities for the technology and it’s service providers. The findings estimated that the IoT investments in the country were nearly around $5 Billion in the year 2019 and is expected to rise as high as 15 Billion USD by the year 2021 signaling an exponential growth in IoT opportunities in 2020 across both the sectors of the product as well as services of the technology.

The study that assessed IoT opportunities and challenges also highlighted that India had 200-250 million connected devices by the end of 2019 and approximated this number to grow tenfold and reach 2 Billion devices by the year 2021.

 As a matter of fact, the adoption of IoT has exploded in the last couple of years as a large number of enterprises mainly those associated with manufacturing, automotive and transportation and energy and utility sectors are investing more and more in testing and deploying several IoT use cases. Apart from these leading sectors, there are also many IoT opportunities in insurance, healthcare, and the telecom sector.

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