Internet of Things is the wave of the future

IoT is much more than things and connectivity. As the Internet of Things (IoT) adoption picks up in India, sectors like energy and utilities, industrial manufacturing, transport and logistics and agriculture will lead the market and industrial IoT will surpass the consumer IoT space in the country by 2020. The growth of IoT applications, such as smart cars, smart cities, and connected health devices, will also expand datacenter demands.

The IoT market in India is expected to grow significantly, with the number of connected devices expected to grow about 32 times to 1.9 billion and revenue expected to grow around seven times to USD 9 billion by 2020. India is ranked in third position in the world in terms of adoption of IoT products and features. Increase in Internet connectivity, increased use of smartphones and other connected devices, and growing adoption of cloud platforms acted as the major drivers for the IoT security market. 

Key Takeaways: As IoT adoption continues to increase, new opportunities will enable companies to track and measure customers’ usage pattern of IoT products and services. 2016 was the year of the first really massive cyber-attacks using IoT-enabled devices and in 2017 the detection of new cyber threats in the IoT space hit the news.

Cool Vendors: Cisco, Checkpoint, Microsoft, Fortinet, IBM, Sonicwall, Kaspersky and Cyberbit.