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

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.

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:

  • 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)

 

Key Questions Answered in This Report:

  • How has the India internet of things market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India internet of things market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the India internet of things market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    India Internet of Things Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Services
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Connectivity
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Application
    7.1    Smart Home
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Smart Wearables
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Smart Cities
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Smart Grid
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    IoT Industrial Internet
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    IoT Connected Cars
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    IoT Connected Healthcare
        7.7.1 Market Trends
        7.7.2 Market Forecast
    7.8    Others
        7.8.1 Market Trends
        7.8.2 Market Forecast
8    Market Breakup by Vertical
    8.1    Healthcare
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Energy
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Public and Services
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Transportation
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Retail
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Individuals
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North India
        9.1.1 Market Trends
        9.1.2 Market Breakup by State
        9.1.3 Market Forecast
    9.2    West and Central India
        9.2.1 Market Trends
        9.2.2 Market Breakup by State
        9.2.3 Market Forecast
    9.3    South India
        9.3.1 Market Trends
        9.3.2 Market Breakup by State
        9.3.3 Market Forecast
    9.4    East India 
        9.4.1 Market Trends
        9.4.2 Market Breakup by State
        9.4.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players

List of Figures

Figure 1: India: Internet of Things Market: Major Drivers and Challenges
Figure 2: India: Internet of Things Market: Sales Value (in Billion US$), 2016-2021
Figure 3: India: Internet of Things Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: India: Internet of Things Market: Breakup by Component (in %), 2021
Figure 5: India: Internet of Things Market: Breakup by Application (in %), 2021
Figure 6: India: Internet of Things Market: Breakup by Vertical (in %), 2021
Figure 7: India: Internet of Things Market: Breakup by Region (in %), 2021
Figure 8: India: Internet of Things (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: India: Internet of Things (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: India: Internet of Things (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: India: Internet of Things (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: India: Internet of Things (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: India: Internet of Things (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: India: Internet of Things (Connectivity) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: India: Internet of Things (Connectivity) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: India: Internet of Things (Smart Home) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: India: Internet of Things (Smart Home) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: India: Internet of Things (Smart Wearables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: India: Internet of Things (Smart Wearables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: India: Internet of Things (Smart Cities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: India: Internet of Things (Smart Cities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: India: Internet of Things (Smart Grid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: India: Internet of Things (Smart Grid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: India: Internet of Things (IoT Industrial Internet) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: India: Internet of Things (IoT Industrial Internet) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: India: Internet of Things (IoT Connected Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: India: Internet of Things (IoT Connected Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: India: Internet of Things (IoT Connected Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: India: Internet of Things (IoT Connected Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: India: Internet of Things (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: India: Internet of Things (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: India: Internet of Things (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: India: Internet of Things (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: India: Internet of Things (Energy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: India: Internet of Things (Energy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Internet of Things (Public and Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Internet of Things (Public and Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Internet of Things (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Internet of Things (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Internet of Things (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Internet of Things (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Internet of Things (Individuals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Internet of Things (Individuals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Internet of Things (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Internet of Things (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: North India: Internet of Things Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: North India: Internet of Things Market: Breakup by State (in %), 2021
Figure 48: North India: Internet of Things Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: West and Central India: Internet of Things Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: West and Central India: Internet of Things Market: Breakup by State (in %), 2021
Figure 51: West and Central India: Internet of Things Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South India: Internet of Things Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South India: Internet of Things Market: Breakup by State (in %), 2021
Figure 54: South India: Internet of Things Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: East India: Internet of Things Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: East India: Internet of Things Market: Breakup by State (in %), 2021
Figure 57: East India: Internet of Things Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: India: Internet of Things Industry: SWOT Analysis
Figure 59: India: Internet of Things Industry: Value Chain Analysis
Figure 60: India: Internet of Things Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Internet of Things Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Internet of Things Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: India: Internet of Things Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: India: Internet of Things Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 5: India: Internet of Things Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: India: Internet of Things Market: Competitive Structure
Table 7: India: Internet of Things Market: Key Players

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