A news report by Indian news agency Press Trust of India said a top Nasscom official had opined that India’s aim was to capture 20 per cent market share in Internet of Things (IoT) segment.
The IoT was driving the fourth wave of industrial revolution dramatically alerting manufacturing, energy, transportation, medical and other industrial sectors while emerging worldwide, Vice President of Nasscom (Industrial Initiative) K S Vishwanathan told reporters here. Nasscom is India’s top IT industry representative body.
As the global IoT business was expected to touch US $300 billion by 2020, India aims to capture 20 per cent market share in another five years, he said.
Vishwanathan launched the Nasscom IoT Centre of Excellence, a joint initiative of Government of India, Department of Electronics and Information Technology ( DEITY) along with TCS, Intel, Amazon Web Services and FORGE Accelerator.
Depending on the success of Coimbatore hub, it was proposed to launch such centres in Pune, Baroda and Hyderabad, even as a pilot project was underway in Bengaluru, he said.