Tata Communications introduces Internet of Things marketplace built on plug-and-play model

MUMBAI: Digital infrastructure provider Tata Communications on Wednesday launched an Internet of Things (IoT) marketplace to bring together IoT practitioners and enterprise customers on a single platform.

This will enable customers to tailor their IoT solutions and drive innovation within their business while enabling vendors and partners on the platform to discover new market opportunities, it said in a statement.

Consulting major Frost & Sullivan finds that the enterprise IoT market in India will grow at a compound annual growth rate of 35 per cent through 2023, quadrupling the market by then. Indian enterprises have not been able to fully leverage the opportunities as there is a lack of standardisation, interoperability and connectivity in the IoT market.