India aims for 20 percent market share in IoT

INVESiotSpeaking to the press in Coimbatore, Vice President of Nasscom K S Vishwanathan said India aims to capture 20 percent market share in the Internet of Things (IoT), an emerging sector that will be worth $300 billion by 2020.

IoT is the driving fourth wave of the industrial revolution dramatically alerting manufacturing, energy, transportation, medical and other industrial sectors while emerging worldwide.

Vishwanathan was in Coimbatore to launch the Nasscom IoT Centre of Excellence, a joint initiative of the Government of India, Department of Electronics and Information technology (DEITY) along with TCS, Intel, Amazon Web Services and FORGE Accelerator.