Growing IoT is great opportunity for India design service cos

Internet of Things technology is picking up faster in Asia. Frost & Sullivan has reported Total Asia Pacific spending on Internet of Things is forecasted to be US$9.96 billion in 2014 and will continue to grow at a CAGR of 34.1% to reach US$57.96 billion by 2020. IoT is hot in Japan, Singapore, China, Australia and South Korea and also gaining importance in India, Malaysia, Thailand and Indonesia. Mr. Andrew Milroy, Vice President, ICT Practice, Asia Pacific at Frost & Sullivan said IoT spending in logistics and transportation currently contributes to the bulk of IoT spending. The issues which can delay IoT are security and information privacy. Big companies such as Advantech, Intel and Cisco have moved swifty to have early market advantage. Cisco recently announced a strategic engagement with Bangalore based Electronics City Industries Association (ELCIA) to develop Asia's first end-to-end Internet of Things (IoT) innovation hub in Banglalore, India. Atmel , Broadcom , Dell, Intel , Samsung, and Wind River, are together forming a new industry consortium for Internet of Things (IoT). The consortium named Open Interconnect Consortium (OIC) to define a common communications framework for wirelessly connect and intelligently manage the flow of information between all kinds of devices including mobile. Advantech is making Wireless Sensor Network, Embedded Io...