The Indian internet of things (IoT) market is forecast to reach $9.28bn by 2025, driven by pandemic-triggered changes in enterprise behaviour and verticals’ focus on automation, a new study finds.
According to Frost & Sullivan’s analysis, the expected increase from $4.98bn in 2020 is backed by strong connectivity and coverage, rising internet penetration, a surge in smart applications adoption, new business models, and government initiatives like smart city projects.
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