Ankur Shiv Bhandari, Managing Director, Asbicon Group shares his views on ‘IoT (Internet of Things) Market in India’ for India Retail Report 2017-18, which was released at India Retail Forum.

The category is undergoing a radical increase currently globally and is also expected to impact the Indian market heavily in the times to come. The number of units under Internet of Things (IoT) in India, is expected to grow exponentially to 1.9 billion units by 2020 or about $9 billion, says a report. A rapidly growing hub for IoT solutions development, the country’s IoT market size in this area is expected to increase about 7 times—from $1.3 billion last year to $9 billion by 2020…

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(Asbicon is a “Sales & Marketing Support Company” focused on the Consumer Goods & Services sector. Asbicon enables this through its 6 verticals of Research, Assisted Advisory, Capability Development, Data Services, Dezign Services & IT Solutions providing Retail & Distribution effectiveness to its clients)

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