India Internet of Things (Iot) Market Forecast and Opportunities, 2020
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- Date Submitted: 10/20/2015 01:34 AM
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20th Oct 2015, – Navi Mumbai, India: Market reports on India presents the latest report on “ India Internet of Things (IoT) Market Forecast and Opportunities, 2020”. Planned government projects such as smart cities, smart grids, smart transportation, etc., are expected to be the major revenue generating sources for the IoT solution providers in the years to come.
With growing need for connectivity among devices, systems and services using variety of protocols and domains; automating business processes; and real-time monitoring & tracking of services and systems, Internet of Things (IoT) technology has been gaining increasing market traction over the last few years. http://www.marketreportsonindia.com/technology-media-market-research-reports-13027/india-internet-things-forecast-opportunities.html In the IoT concept, a Thing can be any natural or man-made object that can be assigned an IP address and provided an ability to transfer data over a network. Need for standardization of all devices across an IoT ecosystem coupled with favorable government policy environment are set to fuel growth in the countrys IoT market over the next five years. Planned government projects such as smart cities, smart grids, smart transportation, etc., are expected to be the major revenue generating sources for the IoT solution providers in the years to come.
According to India Internet of Things (IoT) Market Forecast & Opportunities, 2020, IoT market in India is projected to grow at a CAGR over 28% during 2015 - 2020. IoT is 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 are the key emerging application areas where IoT technology is majorly being adopted. However, Indias IoT market is highly fragmented with numerous players...
With growing need for connectivity among devices, systems and services using variety of protocols and domains; automating business processes; and real-time monitoring & tracking of services and systems, Internet of Things (IoT) technology has been gaining increasing market traction over the last few years. http://www.marketreportsonindia.com/technology-media-market-research-reports-13027/india-internet-things-forecast-opportunities.html In the IoT concept, a Thing can be any natural or man-made object that can be assigned an IP address and provided an ability to transfer data over a network. Need for standardization of all devices across an IoT ecosystem coupled with favorable government policy environment are set to fuel growth in the countrys IoT market over the next five years. Planned government projects such as smart cities, smart grids, smart transportation, etc., are expected to be the major revenue generating sources for the IoT solution providers in the years to come.
According to India Internet of Things (IoT) Market Forecast & Opportunities, 2020, IoT market in India is projected to grow at a CAGR over 28% during 2015 - 2020. IoT is 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 are the key emerging application areas where IoT technology is majorly being adopted. However, Indias IoT market is highly fragmented with numerous players...