Industry Facts
IoT: Revolution in the making

Despite its slow start in the IoT arena, India is rapidly catching up with other developed economies and emerging as a hub for IoT solutions. The IoT market itself is expected to grow to USD 9 billion (from existing USD 1.3 billion) and installed devices base to 1.9 billion by 2020 (from the current base of 60 million).

There is growing realization within the IT services, BPM and ER&D industries about the beneficial impact of deploying IoT. IT services companies in fact, understand the competitive edge they can gain by implementing IoT applications across areas such as IT consulting, custom software, IT Outsourcing, and Support Services. Other non-IT sectors too are expected to join the IoT bandwagon in the near future including verticals such as Manufacturing and Automotive, Healthcare, Retail and Agriculture.

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