Undertaken By: PricewaterhouseCoopers, Recent Publication: 2018
The Internet of Things, popularly known as IoT, is an emerging disruptive technology that transforms the way physical objects and assets operate and add value in any industry vertical. India has become a rapidly growing hub for IoT solutions. It is estimated that the Indian market for IoT is likely to touch USD 15 billion in the next five years. On the policy front, the the 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. Leading industry markets demanding IoT solutions include energy, manufacturing, healthcare, transportation, logistics, agriculture, city infrastructure, homes and buildings, and lighting and consumer appliances.