India IoT Market Synopsis
India IoT Market is estimated to gain traction in the coming years underpinned by the growing need for automation and efficiency across various industries, driving a high adoption of IoT technologies. Smart City is one of the initiatives that include urban planning, infrastructure management, and citizen services, this has resulted in an increased demand for IoT technologies. The rising expansion of healthcare sector in the country has resulted in higher adoption for IoTs, as they facilitate remote patient monitoring and telemedicine.
According to 6Wresearch, the India IoT Market size is estimated to augment during the forecast period 2023-2029. The market growth is influenced some aspects such as an increased digitization, growing smart homes, rising IoT technology’s adoption across the sectors, including healthcare, energy & utilities, and manufacturing. Additionally, the rising expansion of healthcare sector in the country has resulted in higher adoption for IoTs, as they facilitate remote patient monitoring and telemedicine. Moreover, agriculture sector is also accelerating the use of IoT solutions, as they offer crop monitoring and resource optimization, are likely to boost the market over the years.However, Data Privacy and Security and Interoperability are some challenges that affect the market to grow. Despite these challenges, IoT market in the country still holds high shares as IoT systems are increasingly incorporating AI and machine learning for advanced analytics and decision-making. This is estimated to be a leading factor for the India IoT Market growth.
Key Players of the India IoT Market
India IoT Market is highly competitive, with the presence of numerous players operating in the country. Some of them are mentioned below:
- Tata Communications
- Reliance Jio
- Bharti Airtel
- Vodafone Idea
- Tech Mahindra
- Wipro
- HCL Technologies
COVID-19 influence on the India IoT Market
The COVID-19 pandemic had left a mixed impact on the India IoT Market which is a part of the Asia Pacific IoT Market. Due to the pandemic, companies announced the remote work coupled with continued operation of the healthcare sector had accelerated the of IoT solutions demand across the country. IoT helped businesses by offering enhancing remote monitoring and control capabilities. However, with the supply chain disruption, the product availability was declined simultaneously market shares.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Historical Data and Forecast of India IoT Market Revenues & Volume By Focus Area for the Period 2019 - 2029
- India IoT Import Export Trade Statistics
- Historical Data and Forecast of India IoT Market Revenues & Volume By Smart Transportation/Mobility for the Period 2019 - 2029
- India IoT Price Trends
- Market Opportunity Assessment By Components
- Historical Data and Forecast of India IoT Market Revenues & Volume By Smart Manufacturing for the Period 2019 - 2029
- India IoT Porter's Five Forces
- Market Opportunity Assessment By Verticals
- Historical Data and Forecast of India IoT Market Revenues & Volume By Smart Retail for the Period 2019 - 2029
- India IoT Industry Life Cycle
- Historical Data and Forecast of India IoT Market Revenues & Volume By Smart Energy and Utilities for the Period 2019 - 2029
- Market Opportunity Assessment By Organization Size
- Historical Data and Forecast of India IoT Market Revenues & Volume By SMEs for the Period 2019 - 2029
- India IoT Market Drivers and Challenges
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