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Some call it the fourth industrial revolution or “industry 4.0”; for others, the time when machines can “talk” at “smart” factories and “connected” homes to make your life better is here. But for India, Internet of Things (IoT) can bring a real revolution: empowering millions in rural areas and connecting “humans” to the mainstream.
The Internet of Things (IoT) will be the next critical focus for data/analytics services. A well-connected nation is the first step towards a well-served nation and, hence, connecting rural India to the IoT will provide the much-needed bridge between urban and rural India. In recent times, IoT is dramatically alerting manufacturing, energy, transportation, medical and other industrial sectors worldwide; as from sources, Andhra Pradesh has taken a lead when it comes to leveraging the IoT potential in the country. The state government has approved the first-of-its-kind IoT policy with an aim to turn the state into an IoT hub by 2020 and tap 10 percent market share in the country.
Being an emerging market, India has a big potential owing to several initiatives like “Digital India” and “Smart Cities”. The next big market (for connected devices) in the world is south Asia and India holds a good position; eventually, south Asia will contribute to about 30-40 percent of the total connected things.
The Digital India initiative has created a strategic roadmap to build and strengthen domain competency and place India on the global IoT map. The belief is that the enterprise sector will bolster IoT revenues. To begin with, the revenue will first come from the enterprise sector. As the technology booms, the revenue will start coming from the consumer sectors as well.
Since IoT is a concept of devices talking to one another, there is a lot of data transfer happening which is vulnerable to cyber threats as well. The cloud can work as a catalyst to make IoT work and for that, there has to be a right kind of framework that can assist it. India is currently a small IoT market but with great potential. Definitely see a great development in the country on the IoT front in the coming years.
On the global consumer front, Gartner has forecast that 6.4 billion connected things will be in use worldwide in 2016 – up 30 percent from 2015 – and will reach 20.8 billion by 2020. Also, we the statistics say that India will have a significant growth in IoT connections in the next four-five year.
Industry numbers indicate that manufacturing will be one of the main IoT drivers in the Asia Pacific (APAC) market and will be the biggest sector in IoT spending.
