Let’s wrap up the information about IoT technology improvements in the Indian market for 2023. IoT, or the Internet of Things, is a technology that connects various devices and sensors to the internet, enabling data collection and analysis. IoT applications and benefits are also available in different industries and domains, such as agriculture, healthcare, manufacturing, retail, and smart cities.

According to a report by Mordor Intelligence, the Indian IoT market is expected to grow at a CAGR of 25.2% during the forecast period (2021–2026).

The five breakthrough IoT technologies that have expanded in the Indian market are:

• 5G technology: It is the next generation of wireless communication, offering faster speed, lower latency, and higher capacity than 4G. 5G enables more reliable and efficient IoT connectivity and applications, such as autonomous vehicles, smart factories, and remote healthcare.
• Edge computing is a technology that processes data at the edge of the network, closer to the source of data generation than on a centralized cloud server. Edge computing is also reducing the bandwidth and latency issues and improving the security and privacy of IoT data. The technology also enables more intelligent and autonomous IoT devices and applications, such as drones, robots, and smart cameras.
• IoT as a support system for sustainable development: IoT plays a vital role in supporting the United Nations’ Sustainable Development Goals (SDGs), setting 17 global goals to end poverty, protect the planet, and ensure peace and prosperity by 2030. Monitoring and improving various aspects of sustainable development with IoT, such as water quality, air pollution, energy consumption, waste management, and health care,
• Smarter homes and cities: Homes and cities are made smarter, safer, and more convenient with IoT by connecting various devices and systems, such as lighting, heating, security, entertainment, and transportation. IoT also provides personalized and context-aware services, such as voice assistants, smart locks, and smart parking. More citizen engagement and participation were enabled by the IoT, such as through crowdsourcing, feedback, and voting.
• Interoperability: Different IoT devices and systems can communicate and work together seamlessly, regardless of their manufacturer, platform, or protocol. It also reduces the complexity and cost of IoT deployment and maintenance.

The industry examples of the IoT technology breakthrough of 2023 in the Indian market are:

• Agriculture: IoT helps farmers improve crop yield, reduce water waste, and monitor soil quality and weather conditions. For example, CropIn is an IoT-based platform providing smart farming solutions such as crop health monitoring, pest and disease detection, and weather forecasting. Sensors, drones, satellites, and AI collect and analyze data for actionable insights.
• Healthcare: IoT monitors patients for their health, allows them to access remote care, and manages chronic diseases. For example, Dozee is an IoT-based device that tracks vital signs, such as heart rate, respiration, and oxygen saturation, using a contactless sensor placed under the mattress.
• Manufacturing: IoT optimizes production, reduces downtime, and ensures quality and safety. For example, Altizon is an IoT-based platform enabling smart manufacturing, such as predictive maintenance, energy management, and quality control.
• Retail: The IoT also helps retailers enhance the customer experience, increase sales, and manage inventory and supply chains. For example, TagBox is an IoT-based solution enabling smart cold chain management, such as temperature and humidity monitoring, shelf life prediction, and spoilage detection.
• SmartCities: IoT also helps cities improve infrastructure, mobility, security, and sustainability. For example, Gaia is an IoT-based platform enabling smart city solutions such as smart parking, smart lighting, smart waste management, and smart surveillance. Sensors, cameras, and AI collect and analyze data from various urban assets for actionable insights for city authorities and citizens.

The real-life industry examples of how IoT technologies are used in India are:

• Jio is testing five G-powered IoT solutions for drone-based surveillance, connected ambulances, and smart agriculture.
• Tata Power uses an AI platform to optimize energy usage across its commercial buildings based on data from smart meters and sensors.
• CropIn offers an IoT platform that helps farmers monitor soil, crops, and weather and automatically regulate farm equipment.
• Jaipur uses IoT for smart lighting, waste management, and environmental sensors to monitor pollution and water levels.
• Apollo Hospitals uses IoT for remote patient monitoring, asset tracking, and temperature monitoring.

Ola uses IoT fleet management for their cabs, railway stations implement smart surveillance and tracking systems, and factories leverage predictive maintenance through IoT sensors.

Sources:- MIT Technology Review, Loriot, ignitec, electrical india, outlook, wire19, statista, the hindu, HT Tech