The India is expected to become one of the early adopters of IoT technology around the world. As a result the number of IoT connections in the country is going to increase 30 times and market size by 9 fold through 2020.
- Definition / Scope
- Market Overview
- Top Market Opportunities
- Market Drivers
- Market Restraints
- Industry Challenges
- Technology Trends
- Regulatory Trends
- Market Size and Forecast
- Market Outlook
- Distribution Chain Analysis
- Competitive Landscape
- Competitive Factors
- Key Market Players
- Strategic Conclusion
Definition / Scope
- IoT or Internet of Things is a technology that consists of connected computing devices, digital machines, objects or devices provided with UIDs or (unique identifiers) and have the ability to transfer data collected through usage over a network (mostly cloud) without human or computer interaction. The IoT enabled devices are also known as 'connected devices' which are connected within an ecosystem and to the internet.
- The application of IoT can further be categorized into:
- Consumer IoT applications: These IoT applications focus on the consumer segments. For instance, smart homes that are embedded with smart thermostats, smart appliances, connected heating, lighting and electronic devices that can be controlled remotely. Another consumer segment is wearable devices which are comprised of sensors and software and have the ability to collect and analyze user data, send messages to other technologies about the users with aim to make their lives convenient.
- Industrial IoT applications: These are also known as IIoT or Industrial internet of things. There are various verticals across which IoT is deployed such as agriculture, automotive, transportation & logistics, utility, manufacturing, retail among others. For example, in agriculture, IoT based farming systems can help monitor various conditions such as light, temperature, humidity with the use of connected sensors. In manufacturing, the same connected sensor model is known as digital twin which is used in factories and plants to monitor productivity and efficiency.
- In India, both Industrial and consumer sectors are almost at par when considering the amount of devices installed and revenues of the IoT industry as a whole. However, the IIoT sector is expected to surpass the consumer sector in near future.
- Some of the scope of IoT use cases that can be leveraged across various sectors in India are as follows:
- RFID application along with WiFi to track productivity at factories in real-time
- Smart sensors and tools to manage processes such as measuring, drilling, tightening etc.
- Predictive maintenance to reduce downtime with help of sensors embedded to engines.
- Using beacons to send real-time notifications to consumers about discount coupon or sale.
- Reinventing trial rooms using virtual and smart mirrors
Transport & logistics:
- Sensors that detect empty mailboxes
- Tracking devices that check temperature, packing conditions and location
- IoT enabled clinical trial solutions
- Smart wearables that monitor heart and pulse rates.
- sensor enabled mobile devices to track or monitor patients and their clinical illness.
- Tires-as-a service to pay for tires on a kilometer driven basis.
- M2M cellular connectivity based on UBI (User based Insurance) for automobiles
- Incorporating vehicle related services through connected cars.
- Detecting insects and pests through IoT device and scheduling release of pesticides
- Geo-fencing livestock
- Farm equipments, sensors, irrigation scheduling and pump control.