Indian Internet of Things Market Value to Touch $9 Billion by 2020

The number of units under Internet of Things (IoT) is expected to grow exponentially to 1.9 billion units in India by 2020 or about USD 9 billion, says a report. A rapidly growing hub for IoT solutions, the country's IoT market size in this area is expected to increase about 7 times -- from USD 1.3 billion last year to USD 9 billion by 2020, said consultancy firm Deloitte in its TMT Predictions 2017. The report said IoT solution deployment for digital utilities or smart cities and in the manufacturing, transport and logistics and automotive industries would drive the demand for industrial IoT applications going forward.