India Internet of Things Market Overview:
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 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.
The Internet of things (IoT) refers to a network of inter-connected and interrelated objects that can transmit and collect data over a wireless network without any human intervention. They rely on advanced technologies, such as artificial intelligence (AI) and machine learning (ML), for analyzing the data received from various IoT devices. Internet of Things solutions collect and integrate real-time data on customer behavior to offer organizations superior analytics and assist them in making informed business decisions. They even aid in enhancing security by monitoring physical and digital infrastructure, preventing safety risks, improving efficiency, and optimizing performance. As a result, Internet of Things technologies find extensive applications across several sectors in India, including manufacturing, government, healthcare, agriculture, transportation, etc.
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Market Trends:
The growing urbanization and the increasing usage of blockchain technology to improve security, simplify device management, and facilitate the inclusion of low-value devices are primarily driving the India Internet of Things market. In addition to this, the expanding startup segment in the country, owing to massive funding, consolidation activities, technological advancements, etc., and the shifting preferences toward an ecosystem wherein devices and sensors are connected to a network are acting as significant growth-inducing factors.
Apart from this, the escalating demand for affordable devices with cloud computing and the emerging trend of connected homes and buildings is also positively influencing the market across the country. Moreover, the elevating adoption of IoT systems in healthcare establishments for real-time monitoring of patients and enhancing connectivity, thereby altering the doctor-patient relationship, is further stimulating the market growth. Besides this, the inflating investments by government bodies in digital infrastructure aimed at promoting numerous flagship programs, which include Make in India and Digital India, are expected to bolster the India Internet of Things market over the forecasted period.
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
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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