10 Most Promising Industrial IoT Startups - 2021

Technology has started influencing daily lives of people, redefining the potential of daily use products. It is effecting and changing every nook and corner of our lives, making life better and easier. The technology like IoT has already invaded our homes, cars, machines and businesses. The cloud, IoT and AI have revolutionized the world, making it faster, connected and predictable. The industries and businesses are competing to secure their positions by commercializing the business leveraging technology and bringing innovative ideas into business.

The demand for IoT in India is emerging across industries such as utilities, manufacturing, automotive, transportation and logistics. The IoT devices have already conquered the customers in the form of health and wellness products, tracking devices for personal safety and making life easier in the form of smart homes. The wind of transformation is not different to business, industry and finance sectors. The age of connected machinery and IoT is being the game changer, transforming the world at a very fast pace. The Indian IoT in manufacturing market is forecasted to grow at a rate of 13.81 percent to reach $11573.16 million by FY2027.

The realization of advantages of massive potential of cloud services in manufacturing industry is impacting the industrial IoT market in India positively. The smart devices connected with cloud platforms help in creating fastest data streams through sensors along with producing a bigger amount of data. The real-time analysis of data enhances quality & reliability of product, services & supply chain and boost the production. The advantages technology is bringing are attracting manufacturers to invest in latest technology. Further, IoT solutions help in predictive analysis which is helping to extend the life of assets and reduce down time.

In this issue of CIO Review, we bring you a list of '10 Most Promising Industrial IoT Startups - 2021'. These platforms were selected after a comprehensive examination by CEOs, VCs, CXOs and our editorial board. We truly expect these platforms to meet your needs as we recognize their valuable contribution to the ever expanding market through their reliable products and services.

We present to you CIOTechOutlook 10 Most Promising Industrial IoT Startups - 2021.