India Internet Of Things Market:
Growth opportunities in the Indian internet of things market look promising over the next six years. This is largely due to the increasing government steps and efforts to push the adoption of emerging technologies, growing internet penetration, rising adoption for affordable devices, and analytics and enhancing living standards.
India Internet Of Things Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting adoption of affordable devices and analytics coupled with the accelerating internet penetration are the major drivers responsible for the growth of India’s Internet of Things market. The government initiatives like Make in India, Smart Cities, and Digital India to increase the adoption and usage of emerging technologies also help strengthen the market share. The ongoing technological developments and surging investments in research and development to expand the internet of things are fuelling the demand throughout the country. Improving living standards, sustaining the environment and the rising acceptance of smart applications are some other factors stimulating the growth of the market. The growing use of IoT- driven solutions in the manufacturing and agriculture sector, like the adoption of precision farming methods, also boosts the market growth. However, the rising concerns related to data privacy and other security issues are the factors that may hamper the market growth.
Component Segment Drivers
Based on the component, the platform is anticipated to grow at a higher CAGR over the forecast period owing to its multi-layer technology that allows easy automation, provisioning, and management of connected devices inside the internet of things. It mainly connects the hardware to the cloud by using flexible options for enterprise-grade security mechanisms, connectivity coupled within the broad data processing power.
Application Segment Drivers
On the basis of application, agriculture is expected to dominate the market over the forecast year. This is due to the smart farming practices used in agriculture, based on IoT technologies that allow the farmers or the growers to minimize the waste and enhance productivity ranging from the quantity of the fertilizers used to the number of journeys made by the farm vehicles. In IoT-based smart farming, a system is set up to monitor the crop field with the help of sensors and hence automates automating the system of irrigation.
India Internet Of Things Market’s leading Manufacturers:
- Amazon Web Services, Inc.
- Google LLC
- Oracle Corporation
- Cisco Systems Inc.
- Intel Corporation
- Hewlett Packard Enterprise
- Siemens
- Microsoft Corporation
- SAP SE
- IBM Corporation
India Internet Of Things Market Segmentation:
Segmentation by Component:
- Software Solution
- Services
- Platform
Segmentation by Software Solution:
- Data Management
- Product Data
- Location Data
- Customer Data
- Supplier Data
- Asset Data
- Real Time Streaming Analytics
- Remote Monitoring
- Security Solution
- Data Encryption and Tokenization
- Distributed Denial of Service Protection
- Identity Access Management
- Secure Communications
- Others
- Network bandwidth management
- Bundled Network Management
- Standalone Network Management
Segmentation by Service:
- Professional service
- Support and Maintenance
- Deployment and Integration
- Consulting Service
- Managed Service
Segmentation by Platform:
- Device Management
- Cloud Platform
- Network Management
- Application Management
Segmentation by Node of Component:
- Sensor
- Inertial Measurement Unit
- Accelerometer
- Pressure Sensor
- Image Sensor
- Others
- Processor
- Microprocessor
- Microcontroller
- Application Processor
- Digital Signal Processor
- Connectivity IC
- Wireless
- Wired
- Logic Device
- Memory Device
Segmentation by Application:
- Smart Manufacturing
- Building & Automation
- Connected Logistics
- Smart Energy & Utilities
- Agriculture
- Smart Mobility & Transportation
- Government and Defense
- Smart Retail
- Connected Healthcare
- Others
Segmentation by Network Infrastructure:
- Storage
- Server
- Ethernet Switch & Routing
- Gateway
Segmentation by Connectivity Technology:
- Bluetooth Low Energy (BLE)
- Wi-fi
- Near Field Communication
- Cellular
- Satellite
- Others
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