‘IoT may unlock $11 bn revenue’

Connectivity will move beyond people to devices, vehicles

Internet of Things (IoT) has the potential to reach an estimated two billion connections in India, unlocking revenues of $11.1 billion by 2022, according to a new report.

“Fast forward to India [in] 2022, five new mobile connections per second are estimated to join the power of Internet. Nearly 50% of the households are likely to be connected through fixed broadband,” said the joint study by Assocham-EY.

Connectivity will move beyond people to connect billions of devices, vehicles, household appliances and machines, the study added.

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