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 Internet of Things market in India. 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 (IoT) refers to the network of objects embedded with sensors, software, and other technologies. It helps connect and exchange data with other devices and systems over the internet. It enables the sharing and collecting of data with minimal human intervention. As a result, it is widely utilized across the retail, government, healthcare, manufacturing, and transportation sectors.
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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 market is majorly driven by the rising penetration of high-speed internet in India. In line with this, rapid advancements in technology, such as big data analytics, artificial intelligence, machine learning, new connectivity protocols, and blockchain, are catalyzing the demand for IoT solutions. Besides this, the growing employment of IoT in smart homes, connected vehicles, traffic management systems, smart wearables, and healthcare solutions is positively influencing the market across the country. Additionally, rapid digitization across the agriculture, education, financial services, and logistics industries is providing a boost to the demand for IoT in the country.
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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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