Internet of things is a system created from the interrelated devices which are connected to a network or to each other, that are exchanging the data without essentially requiring the human-to-machine interaction. Internet of things is a wide network of physical objects which comprises embedded technology for communicating and interacting or sensing within their internal states or the external environment. This is not a single, unified network of connected devices, but rather a set of several different technologies that can be put together to work in coordination at the service and this set realizes a vision of miniaturized, automated and embedded environments of devices which are connecting automatically.
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The factors which are responsible for driving the growth of India’s internet of things market include the rising adoption for affordable devices along with analytics as well as increased internet penetration. Increasing government steps and efforts for pushing the adoption of the emerging technologies through various initiatives which include Make in India, Digital India, and Smart Cities among others creating several opportunities for the deployment of emerging technologies are some key factors bolstering the growth of the internet of things market in the country during the forecast period. Several technological advancements and increasing investments in the research and development activities for the development of internet of things are leading to an increase in the demand across the country. Enhancing living standards, supporting environment along with growing approval for the smart applications are some of other important factors playing a vital role in the growth of the market. Increasing penetration of internet and smartphone users is driving the market of the internet of things. The use of IoT-driven solutions is growing in agriculture, like the adoption of precision farming techniques, and in the manufacturing sector in the country. The factors restraining the growth of India internet of things market include the increasing concerns pertaining to data privacy and security issues.
Read Full Report Description: India Internet of Things Market by Component (Software Solution, Services and Platform), By Software Solutions (Data Management, Real Time Streaming Analytics, Remote Monitoring, Security Solution and Network Bandwidth Management), By Service (Professional Service and Managed Service), By Platform (Device Management, Cloud Platform, Network Management and Application Management), By Node Component (Sensor, Processor and Connectivity IC), By Application (Smart Manufacturing, Building & Automation, Connected Logistics, Smart Energy & Utilities, Agriculture, Smart Mobility & Transportation, Government & Defense, Smart Retail, Connected Healthcare and Others), By Network Infrastructure (Storage, Server, Ethernet Switch & Routing and Gateway), By Connectivity Technology (Bluetooth Low Energy, Wi-fi, Near Field Communication, Cellular, Satellite and Others) – Opportunities & Forecast, 2019-2026
Based on component, a platform in IoT is a multi-layer technology that permits easy provisioning, automation and management of connected devices within the area of internet of things. It principally connects the hardware to the cloud by making use of the flexible options for connectivity, mechanisms of enterprise-grade security along with broad data processing power. The cloud platform is a type of platform that brings capabilities of cloud computing and IoT devices as a service together on an end-to-end to the platform.
On the basis of node component, sensor is the most important component in the IoT. These devices comprise power management modules, energy modules, sensing modules, and RF modules. The RF modules manage the communication by their signal processing, wi-fi, Bluetooth and others. The transformation of measured physical inputs into raw data is done by the sensor which then further can be stored digitally for access.
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On the basis of application, in agriculture, smart farming that is based on IoT technologies enables the farmers or the growers to minimize the waste and improve the productivity that ranges from the quantity of the fertilizers utilization to the number of journeys made by the farm vehicles. In IoT based smart farming, a system is set up for the monitoring of crop field by using the sensors and hence automating the system of irrigation.
Based on connectivity technology, near field communication is a very short-range wireless technology that is based on RFID technology. It enables wireless transfer of data between two portable devices in close proximity and is most helpful in cases in which the devices are not connected to a power or lack any network access.
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Various notable players operating in the India Internet of Things market include IBM Corporation, Intel Corporation, SAP SE, Cisco Systems Inc., Microsoft Corporation, Oracle Corporation, Siemens, Google LLC, Hewlett Packard Enterprise and Amazon Web Services, Inc. among others.
Key Market Developments:
The India Internet of Things market is categorized on the basis of component, node component, platform, application, network infrastructure and connectivity technology. The component segment is categorized into software solution, services and platform. The software solution segment is further categorized into data management, real time streaming analytics, remote monitoring, security solution and network bandwidth management. Service segment is further segmented into professional service and managed service. The professional service is further segmented into deployment & integration, consulting and support & maintenance. The platform segment market is further categorized into device management, cloud platform, network management and application management. Based on the node component, the market is segmented into sensor, processor and connectivity IC. Based on application, the market is segmented into smart manufacturing, building & automation, connected logistics, smart energy & utilities, agriculture, smart mobility & transportation, government & defense, smart retail, connected healthcare and others. Based on network infrastructure, the market is segmented into storage, server, ethernet switch & routing and gateway. Based on connectivity technology, the market is segmented into bluetooth low energy, wi-fi, near field communication, cellular, satellite and others.
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