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.
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.
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