Pandemic-Accelerated Digital Transformation and Increasing Adoption of Automation Fuel India's IoT Market

Pandemic-Accelerated Digital Transformation and Increasing Adoption of Automation Fuel India's IoT Market

PR Newswire

SAN ANTONIO, Jan. 11, 2022

SAN ANTONIO, Jan. 11, 2022 /PRNewswire/ -- Frost & Sullivan's recent analysis finds that Internet of Things (IoT) adoption is growing in India. Backed by strong connectivity and coverage, rising internet penetration, a surge in smart applications adoption, new business models, and government initiatives such as smart city projects, the Indian IoT market is expected to reach $9.28 billion by 2025 from $4.98 billion in 2020. Pandemic-triggered changes in enterprise behavior and verticals' focus on automation are driving the market.

IoT

For further information on this analysis, please visit: https://frost.ly/6va

"IoT solution deployment for manufacturing industries, including automotive, energy and utilities, smart cities (government), retail, and other industries such as logistics, will drive investments for enterprise IoT products and services," said Apalak Ghosh, Associate Director, Information & Communications Technologies, Frost & Sullivan. "Enterprises are becoming more technology-focused and increasing investments in cellular IoT to generate value from their digital transformation."

Ghosh added: "Use cases such as industrial automation, building automation, security, and surveillance account for the majority of the market revenue. Telcos may benefit from a share of this revenue, depending on their strategic partnerships with hardware providers and their roles in the IoT value chain."

India offers multiple opportunities for IoT providers, and the country's IoT ecosystem is expected to continue growing to offer entire new streams of revenue. Market participants should focus on:

Indian Internet of Things (IoT) Growth Opportunities is the latest addition to Frost & Sullivan's Information & Communications Technologies research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion.

Indian Internet of Things (IoT) Growth Opportunities

PC26-63

Media Contact:
Srihari Daivanayagam, Corporate Communications
P: +91 44 6681 4412
E: srihari.daivanayagam@frost.com
https://www.frost.com

Photo - https://mma.prnewswire.com/media/1723853/IoT.jpg

Voltar noticias em Inglês