In 2020, the internet of things (IoT) market size in India was around 5.6 billion U.S. dollars. It was a huge increase in comparison with the 1.3 billion dollars in 2016. It was estimated that the market will reach around 10.2 billion U.S. dollars in 2024. One of the main driven factors during this period are pandemic-triggered changes in the company behavior and focus on automation.

The revenue in the internet of things market in India was forecast to continuously increase between 2024 and 2029 by in total 26.7 billion U.S. dollars (+115.28 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 49.82 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the internet of things market was continuously increasing over the past years.Find further information concerning the revenue in the internet of things market in Bolivia and the revenue in the internet of things market in Colombia. The Statista Market Insights cover a broad range of additional markets.

In 2019, there were approximately 250 million internet of things (IoT) connected devices in India. This number was expected to reach over two billion by 2021. Five key segments are contributing to the overall IoT market demand in India: large enterprises, global capability centers (GCCs), small medium businesses (SMBs), consumers, and the government.

This statistic depicts the results of a survey conducted from September to October 2017 across 12 cities in India about the acceptance of Internet of Things (IoT) for food supply management. During the survey period, around 40.1 percent of respondents stated that they would probably accept new technology relating to IoT for food supply management in their homes.

The Internet of Things (IoT) market is experiencing robust growth, projected to reach $1161.28 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 18.52% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the increasing adoption of IoT devices across diverse sectors like industrial automation, retail (smart shelves, inventory management), healthcare (remote patient monitoring, connected medical devices), and information and communications technology (ICT) infrastructure is fueling demand. The technological advancements in RFID, sensors, NFC technology, and cloud computing services are further enhancing the capabilities and applications of IoT, broadening its market appeal. Geographically, North America, particularly the United States, currently holds a significant market share due to early adoption and advanced technological infrastructure. However, rapid growth is anticipated in the Asia-Pacific region, especially in China and India, driven by expanding digital infrastructure and increasing government initiatives promoting IoT adoption. While challenges exist, such as data security concerns and interoperability issues, the overall market trajectory remains positive, indicating substantial growth opportunities for companies involved in hardware, software, and service provision within the IoT ecosystem. The competitive landscape is characterized by a mix of established technology giants like Alphabet Inc., Cisco Systems Inc., and Microsoft Corp., alongside specialized IoT solution providers. These companies are employing various strategies, including strategic partnerships, acquisitions, and research and development investments, to strengthen their market position. The market’s future hinges on continued technological innovation, particularly in areas like artificial intelligence (AI) integration for advanced analytics and improved data security solutions. The evolving regulatory landscape concerning data privacy and cybersecurity will play a significant role in shaping the market's growth trajectory in the coming years. The continuous development of low-power wide-area networks (LPWANs) and other communication technologies is also expected to further accelerate IoT adoption across a broader range of applications and environments. A strong focus on addressing scalability challenges and ensuring reliable connectivity across diverse networks will be crucial for continued market expansion.

The Report Covers Global IoT Managed Services Providers & Market Share and it is Segmented by Application (network management, device management, data management, security management, and other applications), End-user (energy and utilities, manufacturing, retail, healthcare, BFSI, IT & Telecom, and other end-users), and Geography (North America (United States, Canada, and rest of North America), Europe (Germany, UK, France, Spain, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and Latin America (Brazil, Argentina, and rest of Latin America), and Middle East & Africa (UAE, Saudi Arabia, South Africa, and rest of MEA). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

The Report Covers Global Industrial IoT Market Size & Trends and It is Segmented by Type (Hardware, Software, Services, and Connectivity), End-User Vertical (Manufacturing, Transportation, Oil, and Gas), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.

This statistic depicts the results of a survey conducted from September to October 2017 across 12 cities in India about the acceptance of Internet of Things (IoT) for home appliance monitoring. During the survey period, around 36 percent of respondents stated that they would probably accept new technology relating to IoT for household appliance monitoring systems in their homes.

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IoT Analytics Market Size and Trends

The IoT analytics market size is forecast to increase by USD 153.66 billion, at a CAGR of 46.4% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for data-driven insights in various industries. One of the key drivers is the need to enhance business efficiency, particularly in sectors such as healthcare with the use of heart rate tracking and other vital sign monitoring. However, challenges persist, including the sluggish connectivity for Internet of Things devices, which can hinder the seamless flow of data within the IoT ecosystem. The connected car market is also expected to contribute significantly to the growth of IoT analytics, as real-time data analysis becomes increasingly important for optimizing vehicle performance and enhancing the user experience. On-premise IoT analytics solutions continue to be popular due to concerns around data security and privacy. Overall, the market is poised for continued expansion as businesses seek to unlock the value of the vast amounts of data generated by IoT devices.

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The market has revolutionized various industries by enabling the generation and collection of vast amounts of data. This data, in turn, is fueling the automation and optimization of business processes across sectors such as manufacturing, healthcare, agriculture, supply chain management, energy-intensive industries, and smart homes. IoT technology is transforming industries by providing real-time data from various sources, including autonomous vehicles, global positioning systems, and wearable devices. This data is essential for process optimization and improving operational efficiency. For instance, in manufacturing, real-time data from machines can help identify potential issues before they escalate, reducing downtime and increasing productivity. In healthcare, IoT analytics is enabling a patient-centric model by providing personalized recommendations based on real-time data from wearable devices, such as heart rate tracking. This data can help healthcare professionals monitor patients' health status and provide timely interventions, leading to better patient outcomes. Similarly, in agriculture, IoT analytics is helping farmers optimize irrigation, monitor crop health, and manage livestock, leading to increased productivity and reduced costs.

In energy-intensive industries, real-time data from sensors can help identify energy wastage and optimize energy usage, leading to cost savings and reduced carbon footprint. IoT analytics is also transforming supply chain management by providing real-time visibility into inventory levels, shipping status, and delivery schedules. This data can help businesses optimize their supply chain operations, reduce lead times, and improve customer satisfaction. Furthermore, IoT analytics is enabling the development of smart homes, where data from various sensors can be used to optimize energy usage, improve safety, and provide personalized recommendations to residents. In conclusion, IoT analytics is transforming various industries by providing real-time data from various sources, enabling process optimization, and improving operational efficiency. The use of descriptive analytics in IoT data can help businesses gain insights into their operations, identify trends, and make data-driven decisions. By leveraging IoT analytics, businesses can gain a competitive edge and improve their bottom line.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Component

  Software
  Services


End-user

  Manufacturing
  Retail
  Healthcare
  Telecommunication and IT
  Others


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan


  Europe

    Germany
    UK
    France
    Spain


  Middle East and Africa



  South America

By Component Insights

The software segment is estimated to witness significant growth during the forecast period. In the market, software solutions held the largest share in 2023, according to the global market size. This dominance is driven by the expanding reach of IT and retail companies, leading to an increased need for managing vast amounts of data. SMEs in emerging economies, such as China, India, Brazil, Indonesia, and Mexico, are fueling the demand for IoT analytics software. These businesses require insights to drive growth and remain competitive.

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The software segment was valued at USD 6.94 billion in 2018. Companies cater to various industries, offering software solutions for real-time data collection and analysis. Ensuring data security is crucial

The global industrial IoT market size is anticipated to attain immense growth from 2023 to 2033. According to the research report published by FMI, the global market is predicted to surpass a valuation of US$ 442,934.4 million in 2023. It is expected to reach a valuation of US$ 1,392,133.7 million by 2033. The market is foreseen to capture a staggering CAGR of 12.1% from 2023 to 2033.

Attribute	Details
Industrial IoT Market Share (2022)	US$ 400,845.6 million
Industrial IoT Market Share (2023)	US$ 442,934.4 million
Industrial IoT Market Share (2033)	US$ 1,392,133.7 million
Industrial IoT Market Share (2023 to 2033)	12.1%

Country-wise Insights

Country	CAGR Share in Global Market (2022)
United States	16.3%
United Kingdom	13.2%
China	12.8%
Japan	7.3%
India	14.3%

Scope of the Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ million for Value
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania The Middle East & Africa (MEA)
Key Countries Covered	United States Canada Germany United Kingdom Nordic Russia BENELUX Poland France Spain Italy Czech Republic Hungary Rest of EMEAI Brazil Peru Argentina Mexico South Africa Northern Africa GCC Countries China Japan South Korea India ASEAN Thailand Malaysia Indonesia Australia New Zealand Others
Key Segments Covered	Components End Use Region
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

The Internet of Things (IoT) Insurance market is experiencing robust growth, driven by increasing adoption of connected devices and the need for innovative risk management solutions across diverse sectors. The market size in 2025 is estimated at $155.33 billion (based on the provided value unit of million). While the CAGR is not specified, considering the rapid technological advancements and expanding IoT applications, a conservative estimate would place the CAGR in the range of 15-20% for the forecast period (2025-2033). This growth is fueled by several key drivers, including the increasing prevalence of telematics in the automotive and transportation industries, the rise of smart homes and buildings requiring enhanced insurance coverage, and the expanding use of wearable technology in health and wellness monitoring, all driving demand for tailored IoT insurance products. Furthermore, businesses are leveraging IoT data for risk assessment and prevention, leading to the development of predictive insurance models and ultimately, lower premiums. The market is segmented by application (Automotive & Transportation, Home & Commercial Building, Life & Health, Business & Enterprise, Travel, Others) and type of insurance (Property & Casualty, Health, Life, Others), reflecting the diverse range of industries and insurance types benefiting from IoT integration. Key players in this space include established technology firms like IBM, SAP, and Oracle, as well as specialized insurance technology companies like Lemonade and Hippo Insurance. Growth may be tempered slightly by factors like data security concerns and the need for robust regulatory frameworks to ensure data privacy and consumer protection. The regional distribution of the market is expected to be geographically diverse, with North America and Europe maintaining significant market share due to early adoption of IoT technologies and well-established insurance markets. However, Asia-Pacific is projected to witness substantial growth during the forecast period, driven by rapid technological advancements, growing urbanization, and increasing smartphone penetration in countries like India and China. Continued innovation in IoT devices and data analytics, coupled with partnerships between technology providers and insurance companies, will be key factors influencing future growth. The potential for personalized insurance offerings based on real-time data and the development of new insurance products tailored to the specific risks associated with IoT devices will shape the evolution of this dynamic market.

The IoT device management market size is projected to be valued at US$ 4,965.4 million in 2023 and is expected to rise to US$ 28,118.5 million by 2033. The sales of IoT device management are predicted to expand at a significant CAGR of 16.8% during the forecast period. Over the next few years, the market is likely to be driven by rising demand for IoT services, as well as increased penetration of communication and networking technologies.

Attributes	Details
IoT Device Management Market Estimated Size (2023)	US$ 4,965.4 million
IoT Device Management Market CAGR (2023 to 2033)	16.8%
IoT Device Management Market Forecasted Size (2033)	US$ 28,118.5 million

Scope of the Report

Attributes	Details
Growth Rate	CAGR of 16.8% from 2023 to 2033
Base Year of Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ million and Volume in Units and F-CAGR from 2023 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis
Key Segments Covered	Component Deployment Type Organization Size End User Vertical Region
Regions Covered	North America Latin America Europe East Asia South Asia The Middle East & Africa Oceania
Key Countries Profiled	The United States Canada Brazil Mexico Germany Italy France The United Kingdom Spain Russia China Japan India GCC Countries Australia
Key Companies Profiled	Smith Micro Software, SAP SE, Oracle Corporation, Microsoft Corporation, Intel Corporation, IBM Corporation, Google Inc, ARM Holdings, Amazon Web Services Inc.
Customization & Pricing	Available upon Request

Market Size and Growth: The India distributed edge computing market is projected to reach a staggering USD 3.2 billion by 2029, growing at a robust CAGR of 29.8% during the forecast period (2023-2029). This growth is driven by the rapid adoption of Internet of Things (IoT) devices, increasing demand for real-time data processing, and the need for improved data privacy and security. The government's initiatives to promote digital infrastructure and smart city development are also contributing to the market's expansion. Drivers, Trends, and Restraints: The key drivers of the India distributed edge computing market include the growing adoption of 5G networks, the proliferation of IoT devices, and the increase in demand for cloud-based services. The trend towards cloud-native applications and the rise of edge-native AI are also contributing to market growth. However, certain challenges, such as the lack of skilled professionals and potential concerns over data security, could restrain market expansion.

In a survey conducted in 2020, the highest rate of internet of things technology (IoT) adoption in agricultural sector was in agricultural processing. Due to the low farmer incomes and large-scale of tenant farming, the country had low IoT adoption in pre-harvest stage, while organized sectors like warehousing and processing saw higher rates of adoption.

Future Market Insights (FMI) states that the sales of internet of things (IoT) in product development market in 2022 stood at US$ 35 billion. It is projected to expand at 14.5 % CAGR during the forecast period 2023 to 2033.

Attributes	Key Insights
IoT in Product Development Market Estimated Size (2023)	US$ 40.3 billion
Projected Value (2033)	US$ 155.8 billion
Historical Valuse-based CAGR (2018 to 2022)	16.8 %
United States Market CAGR (2023 to 2033)	14.5 %

Scope of the Report

Attribute	Details
Estimated Market Size (2022)	US$ 35 billion
Projected Market Size (2033)	US$ 155.8 billion
Anticipated Growth Rate (2023 to 2033)	14.5% CAGR
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ billion for Value and MT for Volume
Key Regions Covered	North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Segments Covered	Service Type and Region
Key Companies Profiled	N-Ix CHI Software DataArt Syberry iTechArt Group Provectus Transition Technologies PSC Soft EQ ITRex Group Yalantis
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

This statistic depicts the results of a survey conducted from September to October 2017 across 12 cities in India about the consumer expectations from Internet of Things (IoT). During the survey period, around 31.3 percent of respondents expected IoT to deliver improved levels of personal healthcare in India.

The IoT Bluetooth Gateway market is experiencing robust growth, driven by the expanding adoption of Internet of Things (IoT) devices across diverse sectors. The increasing demand for seamless connectivity, low power consumption, and cost-effectiveness of Bluetooth technology are key factors fueling this expansion. Smart home automation, with its focus on convenient and remote-controlled appliances, is a major application segment, alongside the rapidly evolving industrial automation sector which leverages Bluetooth gateways for real-time data acquisition and process control. The healthcare industry is also embracing Bluetooth gateways for patient monitoring and remote diagnostics, contributing significantly to market growth. While the market faces restraints such as security concerns and interoperability challenges, ongoing technological advancements and standardization efforts are mitigating these issues. The market is segmented by application (Smart Home, Industrial Automation, Healthcare, Retail, Transportation and Logistics, Others) and type (Indoor Bluetooth Gateway, Outdoor Bluetooth Gateway), with the indoor segment currently holding a larger market share due to higher penetration in smart home and office applications. We project a substantial increase in the market value over the forecast period (2025-2033), with significant regional variations driven by factors such as technological infrastructure, regulatory landscapes, and adoption rates across various industries. The competitive landscape is characterized by a mix of established players and emerging companies. Key players are focusing on product innovation, strategic partnerships, and geographical expansion to enhance their market positions. The North American market currently dominates due to high technological adoption and a robust IoT ecosystem. However, the Asia Pacific region, particularly China and India, is poised for significant growth owing to increasing investments in smart city initiatives and industrial automation. Europe is another key region showing steady growth driven by increasing demand from diverse sectors such as healthcare and logistics. The continued development of long-range Bluetooth technologies and improved security protocols are expected to further accelerate market expansion in the coming years, paving the way for more sophisticated and secure IoT deployments. We anticipate continued market consolidation as companies pursue mergers and acquisitions to broaden their product portfolios and expand their market reach.

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Industrial IoT Gateway Market Size 2025-2029

The industrial IoT gateway market size is forecast to increase by USD 3.41 billion at a CAGR of 20.9% between 2024 and 2029.

The market is witnessing significant growth due to the leveraging of manufacturing data for predictive maintenance. This trend is enabling businesses to optimize their operations and reduce downtime. Furthermore, the increasing focus on providing end-to-end services is driving the market growth. The Industrial IoT (IIoT) gateway market In the US is experiencing significant growth due to the increasing adoption of edge computing in manufacturing and industrial automation. 
However, the high installation cost due to the need for multiple gateways remains a challenge for market expansion. Organizations are exploring ways to reduce this cost through the use of multi-protocol gateways and cloud-based solutions. Overall, the market is expected to experience strong growth In the coming years, driven by these trends and the need for efficient and connected manufacturing processes.

What will be the Size of the Industrial IoT Gateway Market During the Forecast Period?

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IIoT gateways serve as entry-point edge devices, connecting various sensors, controllers, and legacy equipment to the cloud for data processing and analysis. These devices utilize MCUs (microcontroller units) and SoCs (systems-on-chip) to facilitate local data processing and reduce bandwidth requirements. Security is a major concern In the IIoT gateway market, with a focus on preventing cyberattacks and unauthorized access. Communication protocols such as Bluetooth and networking protocols like MQTT and Modbus are commonly used for data transfer.
Moreover, companies like Advantech offer a range of IIoT gateway solutions. Next-generation IIoT gateways feature flexible Soc-type designs, edge analytics, and data storage capabilities, enabling real-time processing and analysis of large volumes of data. Big data is also gaining popularity in the market for optimizing operational efficiency and improving overall performance. Overall, the IIoT gateway market is poised for continued growth, driven by the need for secure, reliable, and efficient data transfer and processing in industrial applications.

How is this Industrial IoT Gateway Industry segmented and which is the largest segment?

The industrial IoT gateway industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Connectivity

  Wired IoT Gateway
  Wireless IoT Gateway


End-user

  Process industries
  Discrete industries


Processing Capability

  Edge IoT Gateway
  Standard IoT Gateway


Geography

  North America

    US
    Canada


  APAC

    China
    India
    Japan


  Europe

    France
    Germany
    Italy
    UK


  South America

    Brazil


  Middle East and Africa

By Connectivity Insights

The bluetooth segment is estimated to witness significant growth during the forecast period. The Bluetooth segment holds the largest market share In the market in 2024, driven by its advanced features such as low battery consumption, fast data transfer speed, and secure device pairing. Operating In the frequency range of 2.402 GHz to 2.480 GHz, Bluetooth is ideal for short-range communications and is widely adopted In the building automation industry for its close connectivity and data security. The evolution of Bluetooth technology with advanced features and protocols is expected to meet market demands.

Furthermore, Bluetooth's data transfer capabilities without modifications and high tracking accuracy make it a preferred choice, fueling the growth of the market. Despite the benefits, security concerns such as cyberattacks and unauthorized access remain a challenge for the market. To mitigate these risks, virtualization and networking protocols are being integrated into industrial IoT gateways. The manufacturing sector is a significant contributor to the market's growth due to the increasing adoption of smart manufacturing and Industry 4.0.

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The bluetooth segment was valued at USD 364.70 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In North America, the manufacturing sector, particularly In the automotive industry, is witnessing a significant push towards automation and productivity enhancement. This trend

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Connected Logistics Market Size 2024-2028

The connected logistics market size is forecast to increase by USD 138.66 billion at a CAGR of 34.28% between 2023 and 2028. Market growth hinges on various factors, including the efficient management of temperature-sensitive goods, the rising demand for enhanced connectivity, and the increasing emphasis on bolstering visibility and control within supply chain systems. Effective temperature management is crucial for preserving the integrity of perishable products during storage and transit, driving the demand for advanced cold chain solutions. Moreover, the need to enhance connectivity across supply chain networks facilitates seamless communication and data exchange between stakeholders, optimizing operations and enabling real-time decision-making. Additionally, heightened emphasis on visibility and control empowers businesses to track inventory movements, monitor performance metrics, and mitigate risks effectively. By addressing these critical factors, businesses can enhance operational efficiency, minimize losses, and capitalize on emerging opportunities, thereby fostering the growth and resilience of the market. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic

In the realm of connected logistics, supply chain partners leverage cutting-edge technologies like Internet of Things (IoT) sensors and cloud platforms to streamline logistical operations and enhance value-added logistics services. Through intelligent transportation solutions and autonomous logistics trucks, companies optimize shipping processes while ensuring security and safety. With cloud-based technology and Bluetooth connectivity, interoperability between systems is facilitated, enabling efficient order processing and financial transactions. This interconnected network of connected logistics hardware and IoT sensors revolutionizes warehousing and shipping, ushering in a new era of seamless online shopping experiences and accessible supply chain management. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Effective management of temperature-sensitive products is a major driving factor for the market. The market is set to benefit greatly from the efficient handling of temperature-sensitive products, such as food and vaccines. Inadequate supply chain systems, particularly in developing countries, contribute to significant product wastage. Insufficient temperature management and failure to adhere to regulatory guidelines in storage networks are major factors behind the wastage of temperature-sensitive items. This wastage impacts healthcare services by creating shortages of vital drugs and rendering vaccines ineffective.

Furthermore, organizations are investing in technologies like IoT-powered smart refrigerators, analytics, and cloud computing solutions to tackle these challenges. Connected logistics systems, specifically designed for perishable products, effectively manage temperature-sensitive items under varying climatic conditions. The implementation of technology, such as medical refrigerator systems, ensures the safe storage of vaccines in remote and developing regions. The ability to manage temperature-sensitive products offered by connected logistics is expected to drive the growth of the global market in the forecast period.

Significant Market Trends

Increasing adoption of IoT in SCM systems is the primary trend in the market growth. One of the significant trends in the market is the growing adoption of IoT in supply chain management (SCM) systems. IoT enables real-time tracking of shipments through smart connected devices, which has gained popularity in industries like manufacturing, healthcare, and transportation. Sensors and devices installed in storage facilities and containers capture and transmit real-time data to SCM teams, providing crucial information on product conditions and delivery status. To preserve perishable goods and vaccines within the required temperature ranges, IoT technology helps detect and control technical faults in cold chain storage systems, preventing damage to stored products. IoT also facilitates the tracking of refrigerated containers, known as reefers, on cargo ships.

Moreover, the worldwide proliferation of smart connected devices is expected to reach 47 billion by 2026, posing challenges in managing and maintaining data. IoT solutions aid logistics firms in capturing and analyzing large volumes of data generated by connected devices using statistical transportation mode t

The utilities industry in India was estimated to generate 25 percent of the revenue within the internet of things (IoT) in 2020. Manufacturing followed, with an estimated contribution of around 18 percent. By 2020, global IoT revenue was expected to grow exponentially.

Research and development in IoT

There was a steady rise in the number of IoT patents filed in India. Of the ones filed since 2009, more than half were in the last five years alone. Real-time decision making and big data analytics were some of the reasons for the implementation of IoT. Also, IoT companies witnessed a push from incoming funding. Various projects and policies, along with a conducive environment provided by the government to boost growth in this sector.

Major IoT players in India

The IoT ecosystem in India was not limited to a certain sector. There are numerous players across all verticals and segments. This was evident, by analyzing the patent distribution. This not only included multi-national companies (MNCs), but also established Indian players and some start-ups. These start-ups were focused on consumer driven segments. Among international players, Haier, Accenture, MI, and Samsung were prominent, while TCS, Havells and Wipro made up the domestic share in the market.