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India Internet of Things Market
The Internet of Things Market in India is estimated to grow at a steady CAGR over the forecast period (2020-2027).
The factors driving the growth of India Internet of Things Market includes increasing internet penetration, rise in the number of smart cities and growing application of Internet of Things in the end use Industries such as Agriculture, Banking and Transportation. According to the report published by Statista, the number of active internet users in India were estimated around 622 million in 2020 and are further projected to reach more than 900 million by the end of 2025, which is expected to boost the market growth in the approaching years. As per the India Internet of Things Market Report, the growing adoption of advanced technologies such as Cloud Computing, Big Data and Internet of Things (IoT) by the SMEs, growing demand for smartphones and rising digitalization, are some of the additional factors supplementing the market growth. In addition, the rapid economic growth in India post 1990s, rising disposable incomes and improvements in the living standards, are further propelling the market growth.
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However, the growth of India Internet of Things Market is hindered due to increasing number of cybercrimes.
The major players operating in the market are Microsoft Corporation, Oracle Corporation, Siemens, IBM Corporation, Intel Corporation, Google LLC, Hewlett Packard Enterprise, Amazon Web Services, Inc., SAP SE and Cisco Systems Inc., among others.
Component: Segment Analysis
Based on component, the platform segment is predicted to expand at a significant CAGR during the forecast period because it helps in collecting data from different devices and provides intelligence on industries.
Application: Segment Analysis
Based on Application, the Agriculture segment is anticipated to capture a sizeable market share over the forecast period. The IoT based technologies helps to farmers to improve the productivity by reducing the travelling time for farmers and growing adoption of smart farming techniques in the agriculture sector in india, are some of the factors responsible for the growth of the segment.
Connectivity Technology
Based on Connectivity Technology, the Near Field Communication technology is expected to grow at a remarkable CAGR during the forecast period attributed to its increasing application in digital transactions, asset tracking and recording time and attendance, are some of the features augmenting the segment’s growth.
Market Segmentation
India Internet of Things Market by Component
Software Solution
Data Management
Product Data
Location Data
Customer Data
Supplier Data
Asset Data
Real Time Streaming Analytics
Remote Monitoring
Security Solution
Data Encryption and Tokenization
Distributed Denial of Service Protection
Identity Access Management
Secure Communications
Others
Network Bandwidth Management
Bundled Network Management
Standalone Network Management
Services
Professional Service
Support and Maintenance
Deployment and Integration
Consulting
Managed Service
Platform
Device Management
Cloud Platform
Network Management
Application Management
India Internet of Things Market by Node Component
Sensor
Inertial Measurement Unit
Accelerometer
Pressure Sensor
Image Sensor
Others
Processor
Microprocessor
Microcontroller
Application Processor
Digital Signal Processor
Connectivity IC
Wireless
Wired
Logic Device
Memory Device
India Internet of Things Market by Application
Smart Manufacturing
Building & Automation
Connected Logistics
Smart Energy & Utilities
Agriculture
Smart Mobility & Transportation
Government & Defense
Smart Retail
Connected Healthcare
Others
India Internet of Things Market by Network Infrastructure
Storage
Server
Ethernet Switch & Routing
Gateway
India Internet of Things Market by Connectivity Technology
Bluetooth Low Energy (BLE)
Wi-fi
Near Field Communication
Cellular
Satellite
Others
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