India’s Internet of Things (IoT) market was projected to grow at a CAGR of over 28 per cent during 2015- 2020, according to a new report.
Titled, ‘India Internet of Things (IoT) Market Forecast and Opportunities, 2020,’ the report by TechSci Research said IoT was being rapidly brought into use across diverse industry verticals to reduce operational and manpower costs, and increase operational efficiency.
Consumer electronics, automotive & transportation, BFSI, home & building, energy & utilities, retail, supply chain & logistic sectors, and manufacturing were the key emerging application areas where IoT technology was majorly being adopted, said the report. However, it added a note of caution, saying India’s IoT market was highly fragmented with numerous players operating across the value chain.
The report discusses the following aspects of the IoT market in India:
- India Internet of Things Market Size, Share & Forecast
- Segmental Analysis – IoT Hardware, IoT Software Platforms and IoT Services
- Policy and Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
Click here for the report.