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India is a Hotbed of Opportunities for IoT Providers

The Indian internet of things (IoT) market is expected to expand at a compound annual growth rate of 13.2% from 2020 to 2025

IoT adoption is growing in India, but enterprises struggle with legacy setups, connectivity protocols, and high costs associated with large-scale IoT deployment. IoT vendors can help enterprises in their digital transformation, including automation, by offering their global expertise and portfolio of IoT products and services.

Apart from developing in-house capabilities, vendors should partner with value ecosystem participants to capitalize on advanced technologies, such as Big Data analytics, artificial intelligence and machine learning, new connectivity protocols, and blockchain, to stay ahead of the curve and address the rising demand for IoT solutions.

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