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

Over 5,000 IoT patents filed in India over the last 5 years: NASSCOM
Photo Credit: Pixabay
5 Jun, 2020

Nearly 6,000 internet of things (IoT) patents were filed in India between 2009 and 19, of which over 5,000 were filed in the last 5 years, according to a report by the information technology industry lobby National Association of Software and Services Companies (NASSCOM).

The report, IoT: Driving the patent growth story in India, revealed that more than 80% of the 5,000 patents were related to applications related to industry 4.0, with healthcare and automobile industry leading the way.

More than 70% of the total patents filed in India were from research and development centres of global companies, while Indian companies and startups accounted for only 7% of patents.

Over 40% of the total IoT patents filed in India were granted, with global companies accounting for 90% of them. 

Watch: Aeris Communications’ Rishi Bhatnagar on how Covid-19 will accelerate IoT adoption

“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,” Debjani Ghosh, president, NASSCOM, said in a statement.

The report revealed that a majority (95%) of IoT patents relate to hardware components with connectivity network and sensors leading the sub-technologies. 

Read: Covid-19 is an opportunity for enterprises to re-evaluate their digital transformation journey: Pravin Rao, Nasscom

Additionally, manufacturers of electronics and electrical equipment, semiconductor devices, and computer and telecom equipment, jointly accounted for over 60% of the IoT patents filed in India during the period of 2009-19.

According to the study, growth in healthcare, automation, manufacturing and supply chain, 5G, and security systems segments will likely increase IoT patent applications. 

The demand for IoT professionals has also led to companies standardising the hiring requirements for these roles. Swiss engineering group ABB and NASSCOM recently developed qualification criteria for two IoT-related job roles.