Once used as a tool for an application, Internet of Things (IoT) has become one of the widest ecosystems today. Currently at the centre stage of industries like energy management, healthcare, logistics, fintech, manufacturing and agritech, IoT, in convergence with AI, has the potential to disrupt all these verticals.

Previously dictated by big players like IBM, Google, Intel, Cisco, Ericsson, Apple and Amazon, the IoT space has now become a startup ecosystem enabler across the world. While it was the Internet that drove the emergence of ecommerce startups in the early 2000s, IoT has been facilitating the growth of this decade’s tech startups.

It is estimated that the IoT space will garner USD 6 Tn worth of investments between 2015 and 2020. As per a report by IDC, the global IoT market is set to hit USD 1.7 Tn by. While the worldwide spending on IoT currently stands at USD 674 Bn, the spending is expected to reach USD 772.5 Bn in 2018, which is an increase of 14.6 percent. IDC’s Worldwide Semiannual Internet of Things Spending Guide forecasts that the worldwide IoT spending will grow at a CAGR of 14 percent between 2017 and 2021, surpassing the USD 1 Tn mark in 2020 and reaching USD 1.1 Tn in 2021. Coming to India, IoT market here is poised to touch USD 15 Bn by 2020, according to the trade association of Indian IT and BPO industry, NASSCOM. Fueled by a USD 1 Bn investment from the Indian government every year for building 100 smart cities, the trade association also predicts that by 2020, India will account for nearly 5 percent of the global IoT market.

The city of Bengaluru is the prime destination for IoT startups to set up a base in the Indian subcontinent. Bengaluru comprises nearly 52 percent of India’s total Internet of Things startups. In this edition, we have shortlisted and focused on the top 10 of these IoT startups who are making a remarkable difference in the overall IoT ecosystem. We present to you 10 Best IoT Startups in Bengaluru. I hope these startups have the x-factor that might amaze your business requirements or problems.
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