The Internet of Things ( IoT ) market in India is expected to grow to $ 15 billion by 2020 , according to a report by Nasscom . Industrial IoT accounts for 60 % of this growth , with consumer IoT responsible for the remaining 40 % . However , consumer IoT is expected to increase to 45 % by 2020 , mainly due to the growing number of tech - savvy consumers . Many of these are " early adopters " of smartphones and wearable devices , and this combined with the rising use of mobile internet is driving growth in this area .
The Internet of Things (IoT) market in India is predicted to grow to $15 bn by 2020, according to a report by Nasscom. Industrial IoT accounts for 60% of this growth, with consumer IoT responsible for the remaining 40%. However, consumer IoT is projected to increase to 45% by 2020, mainly due to the growing number of tech-savvy consumers. Many of these are "early adopters" of smartphones and wearable devices, and this combined with the rising use of mobile internet is driving revenue in this area.