What’s Driving India’s IoT Market?
India’s IoT investments are projected to reach $15 billion by 2021 from $5 billion in 2019, according to a Zinnov report.
“With initiatives like smart manufacturing, industry 4.0 and smart cities gaining traction, we can estimate that India will be one of the most vibrant IoT ecosystems in the world. In the last year, IoT has enabled real-time communications to take a giant step forward, especially amidst the pandemic,” said Ranganath Jagannath, Director of Growth, Agora, India & SAARC.
From smart cities to smart homes, connected vehicles to devices, automated warehouses to traffic management, smart wearables to smart healthcare, IoT has become ubiquitous.
“The use of the internet of things in healthcare is rapidly expanding, enhancing connectivity and altering the doctor-patient relationship. IoT enables remote and real-time monitoring of patients. This has many benefits, including the better collaboration of doctors and patients during treatment and better care delivery,” said Dileep Mangsuli, Head of Development Centre, Siemens Healthineers. “IoT also helps individuals reduce hospital stays and visits, save higher attendant costs and avoid the risk of contracting infections during hospital visits. This is especially important in the current situation.”
Not just health, IoT has application in multiple sectors. One massive advantage of IoT devices is their ability to share data in real-time. “With the growing need for voice and video led engagement in every sector, we foresee huge growth in real-time engagement, powered by IoT in the country. Virtually anything can be an IoT device, and when these physical devices are connected to other devices, they contribute to a new kind of communication, one no longer reliant solely on laptops, tablets, or even smartphones,” said Jagannath.
