Samsung bets big on internet-connected devices in India
Samsung will roll out more connected appliances in India as it is betting big on the Internet of Things (IoT) technology gaining pace in the country.
South Korean tech giant already sells smart refrigerators and washing machines in India. It further expects the demand for such internet-connected appliances to grow as 5G is rolled out going forward.
Sunggy Koo, Vice President, Home IoT, Samsung, said, "Our focus is on ensuring a better IoT experience for consumers globally. Our smart products have received a strong response in the Indian market. We think the usage of IoT and demand for connected devices will definitely increase in countries like India as 5G gets rolled out."
“The company will also look at bringing in more connected appliances in India, which is among its key markets globally. Samsung is working with various software and hardware companies to build its connected home ecosystem,” he added.
IoT is referred to a network of interconnected sensors and devices such as smartphones, connected vehicles and appliances, which harness information from massive amounts of data collected.
In India, the IoT market is about $5.6 billion with over 200 million connected devices. It is expected to grow to more than 2 billion devices by 2020.