Industrial IoT startups to drive next wave of growth: Report

While wearables and devices have been the darling of investors in the IoT sector, going forward, industrial IoT startups will drive the next wave of growth, say the Zinnov Zones 2017 IoT Technology and Services report.

Here are the key highlights of the report:

- Consumer IoT is leading the surge of funding with a cumulative share of 19%. Wearables and connected

- The next wave of focus from an investment perspective will be on industrial IoT startups as use-cases such as remote monitoring, predictive maintenance, and warehouse automation become mainstream

- Supply chain management and fleet tracking solutions are providing impetus to investments in the transport & hospitality space

- Inventory management and consumer Intelligence are top focus areas of startups in IoT retail space

- Remote patient health monitoring device startups are driving investments in the healthcare space