Qualcomm sees potential in India because of the increasing number of tech-savvy consumers and rising data consumption.
An official told the Press Trust of India (PTI) that all this would help India take leading position in the Internet of Things (IoT) world. Qualcomm Senior VP and General Manager (Connectivity and Networking) Rahul Patel said the IoT market in India is about USD 5.6 billion with more than 200 million connected devices.
As more and more gadgets get connected to the Internet this market is expected to grow to more than 2.7 billion devices by 2020, he said citing industry reports.
IoT refers to a network of inter-connected sensors and devices like smartphones, connected vehicles and appliances which harness information from massive amounts of data collected.