Propelling enterprise performance and growth

The adoption of loT is gradually gaining momentum, despite challenges hindering its potential to transform industries across India

- AMIT SATPATHY

After taking mobile connectivity to every nook and corner of the country and covering over a billion plus Indian population, the focus of telcos' is now on connecting machines and devices. Internet of Things (IoT) is connecting millions of machines at home, workplace and in cities, making people and machines smarter.

With the onset of new technologies, the loT industry is on its path of evolutionary growth and transformation, with an expected surge in the number of diverse applications across various industries. This dynamically burgeoning market is projected to reach a staggering USD 9.28 billion by 2025, according to Frost & Sullivan, driven by rising internet penetration and the adoption of smart applications.

loT STATUS IN INDIA

• loT Market Growth: The loT industry in India is projected to reach USD 9.28 billion by 2025, driven by rising internet penetration and the adoption of smart applications.

• Challenges in loT Adoption: Fragmented markets, lack of standards, and compatibility issues hinder the adoption of loT technologies in India.

• Establishing Standards: Regulatory bodies and industry associations are working to define and establish standards for loT devices, applications, and networks to enhance interoperability and drive loT adoption.

• Interoperability Issues: Lack of interoperability results in data silos, security vulnerabilities, and inefficiencies, slowing down the pace and scale of loT adoption in India.