India Industrial IoT Market (IIoT)

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Posted on 21-Dec-2018 7:37
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India Industrial IoT Market (IIoT) was valued US$ 6.1 Bn in 2017 and expected to reach US$ 29.23 Bn in 2026, at CAGR of 21.86% during forecast period.

Figure: Key Players Operated in India Industrial IoT Market

Use of data intelligence, applied through IIoT, provides businesses with real-time actionable insights and improves their ability to stay competitive and relevant. Increasingly, technology startups in India have begun to innovate hyperlocal solutions to long-standing challenges in the country’s industry, agriculture, and logistics sectors – and offer these products to the global market.

Rising demand for automation in India’s manufacturing sector is creating new space for the application of industrial internet of things (IIoT). Investments into or the acquisition of Indian tech startups in recent months is further feeding sector-wide interest, and has become a big part of the brownfield landscape.
The government’s Make in India, Digital India, and Smart Cities programs will further encourage this growth and expand demand of IIoT market.

More Information: https://www.maximizemarketresearch.com/market-report/india-industrial-iot-market/20804/

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