The number of units under Internet of Things (IoT) is expected to grow exponentially to 1.9 billion units in India by 2020 or about USD 9 billion. A rapidly growing hub for IoT solutions, the country’s IoT market size in this area is expected to increase about 7 times — from USD 1.3 billion last year to USD 9 billion by 2020, said consultancy firm Deloitte in its TMT Predictions 2017. “By 2020, It is believed industries such as utilities, manufacturing, automotive, transportation and logistics are expected to see highest adoption levels of IoT in India. The government’s planned investment of about USD 1 billion for 100 smart cities, over the next few years, is expected to be a key enabler for IoT adoption across these industries. It expects that couple of leading operators would make significant investments to extend their IoT capabilities by providing data analytics and storage and in some cases for more specialised areas operators would enter into partnerships with companies.
Internet Of things is the next Big Thing in Israel Tech— Here’s Why ? The growing adoption by consumers, enterprises and governments is helping create smarter and more intelligent homes, smarter cities, better healthcare, more robust agricultural systems and so much more. Today, using a Fitbit bracelet, a Nest smart thermostat, or the Apple watch – is becoming a standard, not the exception. The IoT revolution is here to stay. The growing appetite of investors who are pouring money into IoT startups.
Mobile World Congress is the world’s largest gathering for the mobile industry, organized by the GSMA and held in the Mobile World Capital Barcelona, 27 February – 2 March 2017. 64 Israel’s leading high technology companies presented the latest solutions for mobile communications in Israel Pavilion. Companies that are into IOT Infrastructure & Network Securities, like : Alvarion Technologies, CGS Tower Networks, ECI, imVision Technologies, JpU, MER Group, RAD, Radware, Zimperium and Israel Companies that are into IOT Enablement, Development & Device Management – ANAGOG, Atomation, Axonize, COMMUNITAKE, Friendly Technologies & IPgallery.
Israeli companies also demonstrate solutions from a wide variety of IoT verticals such as: Cyber, mHealth, Transportation, Education,Smart city, Smart Home and many more. This is yearly event and all companies pertinent to this Industry are welcome to meet to understand the latest technologies. Interested Companies in India are invited to learn more on potential collaboration with Israeli companies, please contact the Economic and Trade Department at the Israeli Consulate General in Bengaluru.
Kavitha Saravanan, Trade Officer