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The utilities industry in India was estimated to generate ** percent of the revenue within the internet of things (IoT) in 2020. Manufacturing followed, with an estimated contribution of around ** percent. By 2020, global IoT revenue was expected to grow exponentially.

Research and development in IoT

There was a steady rise in the number of IoT patents filed in India. Of the ones filed since 2009, more than half were in the last five years alone. Real-time decision making and big data analytics were some of the reasons for the implementation of IoT. Also, IoT companies witnessed a push from incoming funding. Various projects and policies, along with a conducive environment provided by the government to boost growth in this sector.

Major IoT players in India

The IoT ecosystem in India was not limited to a certain sector. There are numerous players across all verticals and segments. This was evident, by analyzing the patent distribution. This not only included multi-national companies (MNCs), but also established Indian players and some start-ups. These start-ups were focused on consumer driven segments. Among international players, Haier, Accenture, MI, and Samsung were prominent, while TCS, Havells and Wipro made up the domestic share in the market.