Industrial IoT to surpass consumer space in India by 2020, says report
Updated : July 25, 2018 04:26 PM IST
According to the report, the energy and utilities sector is expected to contribute as much as 25 percent of the IOT market share, followed by industrial manufacturing sector at 18 percent by 2020.
One of the key objectives of the draft IoT policy document, released by the Department of Electronics and Information Technology (DeiTY) at the summit, is to propel the IoT industry in India to $15 billion by 2020.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more