India, today, either it acts as a design centre or service unit for global companies, but there are very few product companies. This implies to create successful product innovation companies from India. The part of an IoT product, connectivity modules that are made in India are yet to mass usage in the country and it has potential to provide simple solutions to longstanding, complex problems. When it comes to activity and innovation in the Internet of Things space, India is trending. Recently, there has been a surge in the number of IoT startups in the country, and experts now expect India to become an innovation hub for emerging IoT technologies.

IoT has evolved from simple computing and short range wireless communications to powerful data processing and the ability to monitor and control objects from long distances with minimal to no human intervention. Many factors are driving this interest in IoT technology within the community of entrepreneurs. A lot of top talent is being attracted to the IoT space because it is terribly exciting. We are witnessing the birth of a new era of mainstream human-computer interaction. IoT startups are now leading the platform with giants following them through investments and funding.

In the last few decades, technology has transformed many economies globally. Indian companies too, especially the startups ecosystem, has been nourished with the advent of technology, and has given rise to more evolved business processes. Once used as a tool for an application, Internet of Things (IoT) has become one of the widest ecosystems today. From logistics, accounts, marketing and even team performance have all been supported by technology these days, and the trend seems to be just catching up.