Business Wire Indiathe growing adoption of Cloud in IoT services, shifting of focus to industrial IoT (IIoT), rising market of M2M communication and increasing trend of wearable technology applications are among the major factors driving the IoT market in India.Telecom participants will need to step up and move beyond connectivity to play a larger role in this IoT wave to capture the growing market and bring in a transformation in their traditional business model.Omkar Malage,To access more information on this analysis, please
  • Shift in value potential from connectivity, sensors, and hardware devices to software, platform, analytics, and security;
  • High applicability across horizontals like analytics, service provision, security, and consulting in major verticals, such as manufacturing, healthcare, automotive, and government/public sector units;
  • Increased demand for vehicle tracking, automatic meter reading, and point-of-sale (POS) solutions;
  • Deployment of citizen services as part of the central government's smart cities initiative;
  • Demand for solutions addressing regional challenges, such as energy management, traffic management, and waste management;
  • Growing uptake of low-power wide-area network (LPWAN) connectivity technologies, such as LoRa and SigFox.
IoT growth strategies will evolve as telecom service providers enter new vertical markets, including healthcare, retail, manufacturing and fleet management, and create strategic partnerships with system integrators, IT service providers, and vertical-specific platform and app providers in order to improve time to market, last-mile connectivity, cost efficiencies, and customer service experience.   “Lack of awareness of IoT use cases, poor availability of the talent pool, not enough players in the device ecosystem and data security concerns can prove to be the major inhibitors in growth and development of IoT services in India,” noted Malage. “Service providers need to conduct more IoT events and hackathons to generate awareness and nurture the talent pool while focusing on developing partnerships with device vendors, platform providers and application developers. Partnerships are going to be the key to IoT success.”
About Frost & SullivanTwitter:Facebook:LinkedIn: