India Internet of Things Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

India Internet of Things Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5412
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Market Overview:

The India internet of things market is expected to exhibit a CAGR of 13.87% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

The internet of things (IoT) is a network of interrelated and internet-connected objects that can collect and transmit data over a wireless network without human intervention. It relies on machine learning (ML) or artificial intelligence (AI) technologies to analyze data and offer businesses access to advanced analytics by collecting data on customer behavior. It assists in making informed decisions, increasing security by monitoring digital and physical infrastructure for optimizing performance, improving efficiency and reducing safety risks. As a result, IoT finds extensive applications in retail, government, healthcare, manufacturing, agriculture, and transportation sectors across India.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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India Internet of Things Market Trends:

The growing utilization of blockchain technology to enhance security, enable the inclusion of low-value devices, and simplify device management represents one of the key factors driving the market in India. Moreover, there is a rise in the number of startups in the country due to consolidation activities, massive funding, technological advancements, and a burgeoning domestic market. This, along with the expanding ecosystem wherein sensors and devices are connected to a network, is propelling the growth of the market. In addition, there is an increase in the usage of affordable devices with cloud computing. This, coupled with the rising trend of connected homes and buildings, is catalyzing the demand for IoT in the country. Besides this, the growing employment of IoT in the healthcare industry for real-time monitoring of patients, enhancing connectivity, and altering the doctor-patient relationship is positively influencing the market. Additionally, the Government of India is extensively investing in digital infrastructure to promote flagship programs, such as Make in India and Digital India, which are offering lucrative growth opportunities to industry investors.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India internet of things market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on component, application and vertical.

Breakup by Component:

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Hardware
  • Software
  • Services
  • Connectivity
     

Breakup by Application:

  • Smart Home
  • Smart Wearables
  • Smart Cities
  • Smart Grid
  • IoT Industrial Internet
  • IoT Connected Cars
  • IoT Connected Healthcare
  • Others
     

Breakup by Vertical:

  • Healthcare
  • Energy
  • Public and Services
  • Transportation
  • Retail
  • Individuals
  • Others
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Application, Vertical, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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)

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India Internet of Things Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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