India's Tata Communications has announced the launch of an IoT marketplace aimed at strengthening and accelerating India's growing IoT ecosystem.
The new marketplace is designed to link enterprise customers with IoT service providers to enable customers to easily develop tailored IoT solutions.
Partners including device manufacturers, software developers to start-ups and system integrators will use the platform to market, deploy and manage IoT solutions for customers ranging from government to enterprises to startups.
Customers will be able to select from the available offerings and deploy them on a plug and play basis.
India's enterprise IoT market is on track to grow at a CAGR of 35% through 2023, Frost & Sullivan predicts. But a lack of standardization, interoperability and connectivity in the IoT market is inhibiting further adoption.
“We believe that this first-of-its kind initiative provides a missing link that will make a difference to how disparate IoT components are brought together to create a unified experience in designing a solution or ultimately purchasing one; thereby enabling customers to deploy these solutions with ease and achieve their strategic goals using IoT,” Tata Communications head of IoT Alok Bardiya said.
In support of India's IoT ecosystem, Tata Communications is also deploying an LPWAN network that has so far been rolled out in 45 cities India-wide.