Tata Communications expects IoT business to vault 10x

Tata Communications’ bet on creating the world’s largest network of Internet of Things (IoT) in India is starting to pay off as initial investments have started translating into large commercial deployments.

That growth in place, the company expects the IoT business to grow 10 fold in the next one year.

“I think that the market is now in a phase where clients have tested out everything. They’re willing to accept the new things coming in and are starting to see the benefits. In terms of devices, I am looking at 10x growth, and revenues will be more or less in line,” VS Shridhar, Senior V-P and head, Internet of Things at Tata Communications, told BusinessLine.