Industrial Internet of Things (IoT) to surpass consumer space in India by 2020: Report

Internet of Things

New Delhi, July 25: As the Internet of Things (IoT) adoption picks up in India, sectors like energy and utilities, industrial manufacturing, transport and logistics and agriculture will lead the market and industrial IoT will surpass the consumer IoT space in the country by 2020, a new report said on Wednesday.

IOT can present an opportunity of up to $12 billion and industrial IOT is expected to consume the higher majority of share when compared to the consumer IOT, said the joint report by The Internet and Mobile Association of India (IAMAI) and Deloitte, released on the sidelines of the “IoT for Smart India” summit here. According to the report, the energy and utilities sector is expected to contribute as much as 25 per cent of the IOT market share, followed by industrial manufacturing sector at 18 per cent by 2020. (IANS)