60% respondents in India see IoT helping them drive competitive advantage in
The India Internet of Things (IoT) market is expected to reach $34 billion by 2021, according to International Data Corporation (IDC). IDC has “Connected Future: IoT in India”, a unique program that will help technology vendors and suppliers with in-depth understanding of how technology buyers are navigating the Internet of Things (IoT) landscape in India.
According to the research firm, 50% of Indian business and IT leaders consider IoT imperative to stay ‘digitally fit’ and line of Business leaders have twice the interest in IoT programs driven by the need to generate new revenue streams.
60% respondents in India see IoT helping them drive competitive advantage in the market and security, privacy and complexity remain major challenges for organizations to adopt IoT comprehensively said IDC.
Arjun Vishwanathan, Associate Director, Emerging Technologies says, “Businesses have realized the value of working closely among all the stakeholders for IoT. Over 70% of IoT deployment involves stakeholders from multiple departments including IT, business and other decision makers; thus, requiring a holistic approach to creating and sustaining the value from IoT projects.”
‘Connected Future: IoT in India’ will provide insights from IDC’s IPs and research, insights from vertical and horizontal analysts and proven CIO Connect. Over 450 Indian enterprises have been interviewed in IDC’s Global IoT Decision Maker Survey, to provide IOT spends across various industries, segments and initiatives.