Zicom bets big on IoT, eyes revenue of Rs 200 crore by 2020

Zicom bets big on IoT, eyes revenue of Rs 200 crore by 2020

We have notched up a revenue of around Rs 50 crore in fiscal 2017 and expect to reach service revenue of Rs 175 crore to Rs 200 crore by 2020, said Zicom. Leading electronic security systems player Zicom BSE -0.94 % today said it is looking at significant growth in the Internet of Things (IoT) and SaaS market place to clock a service revenue of about Rs 200 crore by 2020. "Zicom has moved from being a pure play, physical security company into an IoT and SaaS IT Services business model. With the exponential internet penetration growing in the […]