The Internet of things, popularly known as IoT, is an emerging disruptive technology that transforms the way physical objects/assets operate and add value in any industry vertical. India has become a rapidly growing hub for IoT solutions. NASSCOM estimates that the Indian market for IoT is likely to touch 15 billion USD in the
next five years.
On the policy front, the Government of India’s ‘Smart Cities Mission’ and the ‘Digital India Mission’ are expected to provide the required impetus for the development of the IoT industry in the country. The leading industry verticals/markets demanding IoT solutions are energy, manufacturing, healthcare,transportation, logistics, agriculture, city infrastructure, homes/buildings, and lighting and consumer appliances.
