A rapidly growing hub for IoT solutions, the country's IoT market size in this area is expected to increase about 7 times -- from USD 1.3 billion last year to USD 9 billion by 2020, said consultancy firm Deloitte in its TMT Predictions 2017
Private players, developers and industry body hailed the government's announcement of 27 more cities for the development of smart cities, adding that the move would provide business opportunities for private players.