If internet is a network of interconnected webpages, the Internet of Things is a network of connected devices sharing, transmitting and receiving data from other devices and working on delivering better experience to a consumer. With its roots linking back to the decade old mechanism called machine-to-machine communication, the concept has a come a long way to become one of the most disruptive technologies in the world today. Currently, IoT is everywhere you turn. From massive industries and warehouses housing driverless forklifts and drones to manage their supply-chain to average houses with automation facilities, the technology is everywhere.
This does not end here. Your smartphone, smartwatch, smart televisions, GPS devices, tablets or whatever device you could possibly think of connecting to the internet is part of the grander scheme of things called the Internet of Things. Based on complicated technologies including cloud architecture, the IoT has seeped in to most of the industries out there and is forming the basis of the Industry 4.0 today.
With such a massive growth in a very short time, it makes complete sense to switch to IoT for a better career and challenging job roles. However, every decision that you need to make must be an informed one and like we have been consistently specifying the importance of data, you need proper data in hand to make a better decision. This post is all about providing you with the data to make your decision. Read on.
Before that, this very interesting TED talk on why IoT should matter will help you get a better understanding of the industry.
If you didn’t know, India enjoys a massive share market of the global IoT market. Globally, the IoT market numbers to be a $3.5bn, wherein India has a share of $1.5bn! This means that the IoT market in India makes up for 43% of the global market share. This has been possible in a very short time and is expected to grow to become a $5bn by the year 2020, only following the US market. When it comes to the Indian market leaders in IoT, some of the notable names include that of Wipro, Infosys, TCS, HCL, Tech Mahindra, Genpact, L& T, and Persistent.
Statistically, there are over 120 companies offering IoT solutions in India out of which 70% of them are startups. Over the last two years alone, tons of investors have channelized their funds to the development of IoT solutions and vendors with an investment of over $60 million. Two distinct wings have emerged in the recent years in India that will take you by surprise. The IoT application has been classified into business and consumer segments, where the business segment will have industry values as the driving factor and include industrial automation, connected vehicles, retail automation, smart cities and more. On the consumer segments, there have been emergences of concepts like smart lifestyle, connected buildings and more apart from health, fitness and home automation.
Contrary to the fact that tech advancements have deprived people of their jobs, they have in fact given rise to new job roles and designations and offered individuals a more challenging and rewarding career options. Some of the designations that have never existed earlier have come under the spotlight. So if you wish to switch to IoT, you can be designated with some of the most preferred job roles like IoT solutions architect, cloud architect, IoT security developer, IoT systems engineer, IoT research analyst, IoT lead and more.
Statistics also reveal that IoT professionals earn more than an average IT professional. While the average median salary for IT professionals is somewhere around 8 to 9 lacs per annum, it is close to 15 lacs per annum for IoT professionals. This means that an IoT professional takes home 76% more salary than an IT professional. Even freshers who are venturing into a career in IoT get paid up to 6 lacs per annum as a starting salary, earning more as they move up the ladder. India is a hub for IoT and is increasingly expanding in terms of its operations and adaption to the technology. Some of the big cities like Chennai, New Delhi, Mumbai, Bengaluru and Hyderabad are known to be some of the best cities for IoT professionals to land a job in for the salary packages and scope for growth.
Driverless cars and Mars rovers were just the beginning of the IoT era. As days pass, we will experience IoT seeping into the grass-root levels, helping people from agriculture to retail businesses. However, the switch from IT to IoT is not easy and you need to upskill to a number of specialized skill sets and you need to have strong technical competencies to make your career shift seamless. That is why we always recommend going for top notch IoT courses that will give you not just the exposure but a prior experience of being in the IoT industry before you join one. You can make 2018 count for your life and career by switching to IoT. What say?