> Indian information technology (IT) services companies now own about two-fifth of the global Internet of Things (IoT) market. In all, about 43 per cent or $1.5 billion of the global $3.5 bn market, says a report by research and strategy consultancy Zinnov Zones.The share in Western Europe and North America is 27 per cent and 23 per cent, respectively. The report listed TCS, Wipro, Infosys, HCL, Tech Mahindra, Persistent, Genpact and L&T Technologies among the global leading innovators and market leaders in IoT. Companies were classified into nurture, breakout, execution and leadership zones, based on various competencies. The rankings were also based on which companies chose to respond to the survey queries within the mandated time frame. Managed IoT services are expected to see the fastest growth, at a compounded annual rate (CAGR) of 23.5 per cent. Translating to Rs 2,036 crore of annual business for Indian companies. Product engineering has the largest share of Indian ...
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