India has 43% of global IoT market: Survey

Persistent, L&T Technology and TechM named among leading service providers

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