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Indian Internet of Things market value to touch US$ 9 billion by 2020
Last updated: Feb, 2017
New Delhi: The Internet of Things (IoT) which comprises of devices connected to the Internet, other than computers and smartphones, is expected to grow to 1.9 billion units in India by 2020 or about US$ 9 billion, as per a report by Deloitte. The country's IoT market size is expected to increase about 7 times—from US$ 1.3 billion in 2016 to US$ 9 billion by 2020. The current number of devices are estimated to be 60 million. Industries such as utilities, manufacturing, automotive, transportation and logistics are expected to see highest adoption levels of IoT in India by 2020.
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