Vs Sharedar: What ails the Internet of Things industry in India?

India envisions an estimated 5 billion Internet of Things (IoT) connections by 2022, but it is 2019 and IoT’s growth has been slower than anticipated

Imagine a world in the future where an autonomous vehicle picks you up for work, plays your favourite playlist based on your past preference and makes a quick stop for your morning coffee. All this, without you having to reach your wallet or your phone. This is just a preview of technological advancements, with the help of the Internet of Things (IoT), can transform our everyday lives.

According to the New National Digital Communications Policy 2018, India envisions an estimated 5 billion IoT connections by 2022, and a USD $1 trillion digital economy by 2025. But, it is 2019 and the truth is that IoT’s growth has been slower than anticipated.

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