X
Switch to Hindi Edition

Over 5,000 IoT patents filed in India over last 5 years: Nasscom

Over 80 per cent of these patents filed were related to applications pertaining to Industry 4.0 with the healthcare and automobile industry leading the way, the report said, adding that 70 per cent of the patents came from multinational corporations (MNCs), and 7 per cent were filed by startups.

Over 5,000 IoT patents filed in India over last 5 years: Nasscom

About 6,000 Internet of Things (IoT) patents were filed in India from 2009-2019, of which over 5,000 were filed in the last five years, a report by IT industry body Nasscom said on Friday. 40 per cent of the total IoT patents filed have been granted, the report titled ‘IoT: Driving the Patent Growth Story in India’ said.

Over 80 per cent of these patents filed were related to applications pertaining to Industry 4.0 with the healthcare and automobile industry leading the way, the report said, adding that 70 per cent of the patents came from multinational corporations (MNCs), and 7 per cent were filed by startups.

Also, 95 per cent of IoT patents were related to hardware components with connectivity network and sensors being the leading sub-technologies.

Manufacturers of electronics and electrical equipment, semiconductor devices, and computer and telecom equipment, together accounted for over 60 per cent of the IoT patents filed in India by business entities over 2009-19, while the share for IT-ITeS companies stood at 13 per cent.

“Innovation has always been at the forefront of fighting any crisis. Emerging technologies such as IoT, artificial intelligence (AI), Blockchain and others are playing a crucial role in enabling an interconnected world as well as creating the new-normal,” Nasscom President Debjani Ghosh said.

This report is part of Nasscom’s series of reports that track patent filing trends in the country across emerging technologies.

She expressed confidence that the IoT innovation especially with focus in healthcare and manufacturing will gain impetus in the tech-enabled new normal.

Patent filing is also expected to see an increase in the coming years primarily driven by healthcare, automation, manufacturing and supply chain, 5G and security systems.

IoT innovation will help countries rebound in the post-COVID era, with an increased focus in healthcare and hygiene. Healthcare will be modernised with tele-health and remote patient monitoring, through devices such as connected thermometers, advanced data collection and processing and smart wearables.

Tracking people’s health conditions through sensor-enabled screening systems, and use of sensors to increase contactless common touchpoints will be crucial from a public safety perspective.

Monitoring the health of workers through protective gears as well as monitoring automated machines remotely, tracking locations of goods, will witness increased use of IoT from supply chain and manufacturing stand.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

READ IN APP