iot startups 2018

According to Garnter, a research firm,about twenty percent of the Indian white-collar workforce will be able to access enterprise data on their personal electronic devices by the end of year 2017. The research firm also said, in another five years or so, at least two-third of the large indian enterprises will be able to spearhead the adoption of efficiency centric technologies and their applications as by then they will have well established Internet of things (IoT) centres of excellence.

The next five years seem to be crucial for the Indian business scene, according to Garnter.

According to the America based research firm, India will boast of at least five IoT startups with billion dollar valuations by the year 2018.

Maintaining the array of good news, the research firm said, by Dec 2017, about seven percent of the home organisations will be making use of public cloud services for fulfilling their business requirements.This seven percent figure will be a marked improvement from the under two percent figure of last year.

Nowadays, India is seeing a phenomenal increase in the activities surrounding digitization of businesses in the local as well as global markets. This increase in activities has resulted in spawning of India based startups focusing on the IoT and digital businesses.

According to Anshul Gupta, principal research analyst, Gartner, “With the continued affordability of smartphones and growing acceptance of BYOD, more and more people are accessing corporate data through mobile devices.”

He also added, currently, the Indian startups are at an initial stage of exploring and understanding the impact that IoT technologies can have on their core businesses. The Indian startup scene has seen some phenomenal growth in the last few years.This growth is a result of increased availability of highly skilled human capital in the country, favourable business policies by the government and an increased local demand. This phenomenal growth may result in some super successful Indian startups achieving a billion dollar valuations within a period of next five years.

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Founded in 1979, Gartner is a leading information technology research and advisory company.

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