- India is all set to capture at least 20 per cent market share in the next five years.
- IoT is emerging as the next big thing to become a $300 billion global industry by 2020
- The Indian IoT market is expected to touch $9 billion by 2020 across sectors such as telecom, health, vehicles, and homes
According to a report by IANS, the increased speed and bandwidth of 5G networks will drive a new round of transformation across India from 2020.
Balakrishnan Anantharaman, VP and MD-Sales, India and SAARC, Nutanix, told IANS that with legacy three-tier architectures already struggling to cope with high volumes of data generated by today’s enterprises, 5G will be the catalyst that drives edge computing and IoT.
He further stated that as increased speed and bandwidth reduce the gap between wifi and cellular devices — edge computing will come into a realm of its own.
Atish Gude, NetApp’s Chief Strategy Officer said that the advent of 5G is what AI-driven IoT has been waiting for. 2020 will see many players in the technology industry and business community invest in building edge-computing environments to support the reality of AI-driven IoT.
The report mentioned that the Indian IoT market is expected to touch $9 billion by 2020 across sectors such as telecom, health, vehicles, and homes.
Sai Pratyush, Additional Vice President, Product Marketing-ICS, Tata Teleservices Limited (TTSL) informed the news daily that in the enterprise segment, they are witnessing significant growth in the adoption of new-age technologies such as IoT, AI, and Cloud across industries.
He added that IoT especially, is viewed as a key enabler driving digital transformation to unlock operational efficiencies. AI is enabling exponential value being generated by IoT. AI is seeing large scale adoption by enterprises owing to its power to aid automation, speed and better decision making.
Alok Ohrie, President and Managing Director, Dell Technologies, India told IANS that once limited to IoT, it’s hard to find any systems, applications, services — people and places — that aren’t connected. The edge is emerging in many places and it’s going to expand with enterprise organisations leading the way, delivering the IT infrastructure to support it.
According to a Nasscom report, IoT is emerging as the next big thing to become a $300 billion global industry by 2020 and India is all set to capture at least 20 per cent market share in the next five years.