TECH SUPPLIER Mar 2022 - Market Perspective - Doc # AP47965221
Emerging Internet of Things Business Models in India Amid Changing Regulations
This IDC Market Perspective discusses the introduction of various business models in India to promote the wider adoption of the Internet of Things (IoT) amid changing government and legal regulations. Some prominent use cases of IoT business models include remote software updates for smart appliances, security updates for apps, flexible software-based licensing options, subscriptions and pay-per-use, remote infrastructure monitoring, teleconsultation and epharmacy. The document also covers how communications SPs are utilizing the IoT's potential in line with the recent changes in telecom regulations in India to provide customers with top-notch network connectivity, data security, and storage options.
"India is still using the old telecom law, which needs to be changed with the adoption of newer and advanced technology in the communication technology space. In the existing regulations, machine-to-machine interface is not included. However, it is expected that the new regulations may include communication between linked devices, which may attract huge investments in IoT infrastructure upgrade, specifically to develop a business model that can enhance artificial intelligence and machine learning processes across the value chain," says Piyush Singh, senior market analyst, IDC Asia/Pacific IoT Insights Team.