Press Release: April 01, 2020
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.
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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.
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