India Industrial IoT Market Size, Growth & Forecast Report 2033

India Industrial IoT Market Size, Share, Trends and Forecast by Component, End-User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29635

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India Industrial IoT Market Overview:

The India industrial IoT market size reached USD 9.40 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 28.15 Billion by 2033, exhibiting a growth rate (CAGR) of 12.90% during 2025-2033. The India industrial IoT market share is expanding, driven by the increasing usage of cloud computing, enabling manufacturers to track machine performance and detect faults, along with rising investments in digital twins, robotics, and blockchain technology to streamline operations.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 9.40 Billion
Market Forecast in 2033	USD 28.15 Billion
Market Growth Rate (2025-2033)	12.90%

India Industrial IoT Market Trends:

Increasing adoption of cloud computing

The rising adoption of cloud computing is offering a favorable India Industrial IoT market outlook. According to industry reports, by 2026, cloud technology is set to represent 8% of India’s GDP. It can increase the nation’s GDP by USD 310-380 Billion by 2026 and create 14 Million jobs. Cloud platforms provide scalable storage and computing power, allowing businesses to process real-time data from connected industrial devices without heavy on-premises infrastructure. This reduces operational costs and enhances flexibility, making industrial IoT solutions more accessible to industries of all sizes. Cloud computing also improves remote monitoring, enabling manufacturers to track machine performance, detect faults, and optimize production from anywhere. Additionally, secure cloud infrastructure with advanced encryption and access controls enhances data security, addressing concerns about cyber threats. The expansion of 5G networks strengthens cloud-IoT integration by enabling faster data transmission and seamless device connectivity. As industries shift towards smart factories, cloud computing is becoming essential for managing interconnected devices, improving efficiency, and supporting innovations in India’s industrial sector.

India Industrial IoT Market Size

Advancements in technology

Advancements in technology are impelling the India Industrial IoT market growth. With the rise of technologies, such as machine learning (ML) and artificial intelligence (AI), industries can connect tools, analyze data in real time, and optimize performance. These innovations allow manufacturers to implement predictive maintenance, reducing downtime and operational costs. The introduction of advanced sensors further enhances industrial automation by enabling faster decision-making at the machine level. Government initiatives like Make in India and Digital India encourage industries and researchers to modernize with smart manufacturing, further bolstering the market growth. In May 2024, the faculty, students, and researchers at the Indian Institute of Technology (IIT) commemorated the successful creation, production, and activation of India's inaugural commercial ‘Reduced Instruction Set Computer (RISC)’ V-based secure IoT system on chip by the startup, Mindgrove, during an event organized on campus to foster a culture of innovations and entrepreneurship among students. As factories, logistics, and energy sectors integrate IoT-based automation, reliability improves and waste is minimized, contributing to sustainable industrial practices. Companies also invest in digital twins, robotics, and blockchain technology to streamline operations and improve supply chain transparency. As India is evolving digitally, these technological advancements are making industrial IoT more accessible, promoting widespread adoption across manufacturing, healthcare, agriculture, and infrastructure, ultimately transforming industrial productivity.

India Industrial IoT Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on component and end-user.

Component Insights:

Hardware
Software
Services
Connectivity

The report has provided a detailed breakup and analysis of the market based on the components. This includes hardware, software, services, and connectivity.

End-User Insights:

India Industrial IoT Market By End User

Manufacturing
Energy and Utilities
Automotive and Transportation
Healthcare
Others

A detailed breakup and analysis of the market based on the end-users have also been provided in the report. This includes manufacturing, energy and utilities, automotive and transportation, healthcare, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Industrial IoT Market News:

In March 2025, Ennoconn, a subsidiary of Foxconn, was set to commence operations in its newly established industrial automation facility in Tamil Nadu, intending to introduce its products to the Indian market. The firm aimed to provide top-tier industrial IoT and embedded technology, design, and manufacturing solutions, as well as IT and system integration services in the country.
In September 2024, Zoho, the prominent tech firm based in Chennai, entered the ONDC network with Vikra, a seller app operating in India, and Zoho IoT solutions, the well-known platform that allowed businesses to create and implement custom IoT applications. The firm unveiled Zoho IoT, a platform aimed at assisting businesses in real-time management of industrial IoT device data, facilitating process automation and decisions based on data.

India Industrial IoT Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Component End-User Region
Components Covered	Hardware, Software, Services, Connectivity
End-Users Covered	Manufacturing, Energy and Utilities, Automotive and Transportation, Healthcare, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India industrial IoT market performed so far and how will it perform in the coming years?
What is the breakup of the India industrial IoT market on the basis of component?
What is the breakup of the India industrial IoT market on the basis of end-user?
What are the various stages in the value chain of the India industrial IoT market?
What are the key driving factors and challenges in the India industrial IoT market?
What is the structure of the India industrial IoT market and who are the key players?
What is the degree of competition in the India industrial IoT market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India industrial IoT market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India industrial IoT market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India industrial IoT industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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