India Internet of Things Market Report, Growth and Size 2020-2027

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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