The Internet of Things (IoT) market in India is predicted to grow to $ $5.6 billion bn by 2020 , according to a report by Nasscom . Industrial IoT accounts for the remaining 40% of this growth, with consumer IoT responsible for 45% . This is set to change, with consumer IoT’s share rising to 45% by 2020, the report said. However, consumer IoT is projected to increase to the remaining 40% by Wednesday , 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.
The Internet of Things (IoT) market in India is predicted to grow to $ $5.6 billion bn by 2020 , according to a report by Nasscom . Industrial IoT accounts for the remaining 40% of this growth, with consumer IoT responsible for 45% . However, consumer IoT is projected to increase to the remaining 40% by Wednesday , 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.