India Internet of Things (IOT) Market Segmentation and Industrial Overview Forecast 2022-2027

The latest report published by IMARC Group, titled “India Internet of Things Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on India Internet of Things (IOT) market size. The report also includes competitor and regional analysis, and contemporary advancements in the market. The India internet of things market is expected to exhibit a CAGR of 13.87% during 2022-2027.

Internet of things or IoT refers to a network of interrelated and internet-connected devices that can transmit and collect data over a wireless network without the involvement of any human intervention. They rely on machine learning (ML) or artificial intelligence (AI) technologies to analyze data and provide access to advanced analytics by collecting information on customer behavior. IoT technology and solutions help to make informed decisions, increase security by analyzing digital and physical infrastructure, enhance efficiency, and reduce safety risks. Consequently, they find extensive applications across several sectors in India, such as healthcare, manufacturing, retail, government, agriculture, transportation, etc.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The growing number of startups and the increasing utilization of blockchain technology to improve security, simplify device management, and enable the inclusion of low-value devices are primarily driving the India internet of things market. Additionally, the emerging trend of connected homes and buildings is acting as another significant growth-inducing factor. Moreover, the elevating adoption of smart wearables in hospitals for real-time monitoring of patients, enhancing connectivity, and improving the doctor-patient relationship is also positively influencing the market across the country. Furthermore, the rising investments undertaken by government bodies in digital infrastructure to promote flagship programs, including Digital India and Make in India are expected to propel the India internet of things market in the coming years.

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India Internet of Things Market Segmentation:

Our report has categorized the market based on region, 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

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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