6wresearch logo

Indian IoT Market Expected to Grow By 28.2 Percent from 2016 to 2022

November 29, 2016

According to 6Wresearch, the Indian Internet of Things market is projected to grow at a CAGR of 28.2 percent during the period of 2016 to 2022. In India's IoT market, the Industrial Internet of Things (IIoT) accounted for the majority of market share, followed by consumer IoT. The IIoT segment market is registering growth on account of a rise in industrial applications for an increase in production. Government efforts to increase internet penetration through the Digital India Campaign are resulting in spreading awareness and the adoption of the IoT among end users.

According to Shefali Goel, a research analyst for research and consulting at 6Wresearch, "Smart wearables are gaining popularity in our country, owing to the growing awareness and increasing acceptance of smart watches in the country. Further, home automation application in the consumer IoT segment is set for a major boost due to declining prices and emergence of the smart-home concept."

According to Aditi Sharma, a fellow research associate for research and consulting at 6Wresearch, "India is under a digital revolution of doing things which were not possible before. The IoT is a main part of it, and is creating practical improvements for this transformation. With the incorporation of the IoT in both the consumer and industrial sectors, there is a rapid expansion of the ecosystem. Major companies are turning to adopt the IoT to increase their efficiency and customer experience."

The "India Internet of Things Market (2016-2022)" report provides in-depth analysis with 18 figures and two tables, covered in more than 80 pages. The report estimates and forecasts the overall India Internet of Things market by revenue, by opportunity, by verticals and by applications, such as connected vehicles, health care, industrial automation, smart wearables, home automation and smart metering. The report also offers insights on market share by companies, benchmarking, profiles, market drivers and restraints.

Media Source: IOT Journal

      Browse More Report

Qatar Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast by Types (Fire Suppression Systems & Equipment, Fire Detection System & Equipment & Other Fire Safety Systems & Equipment)...

Read More

Global E-House Market (2017-2023)

Market Forecast by Voltage Type (Low Voltage and Medium Voltage), Applications (Oil & Gas, Industrial, Infrastructure & Transportation, Power Utilities, Mining and Others, Regions (North America (US, Canada and Mexico), Europe ...

Read More

Africa Diesel Genset Market (2017-2023)

Market Forecast by KVA Ratings (5-75 KVA, 75.1-375 KVA, 375.1-750 KVA, 750.1-1000 KVA and Above 1000 KVA), Verticals (Retail and Logistics, Oil & Gas and Power Utility, Commercial Offices (Hospitality, BFSI, IT & ITES), Manufacturing, Rental, Residential and Others

Read More

India Point of Sale (POS) Terminal Market (2017-2023)

Market Forecast by Types (Portable, Countertop, mPOS, PIN Pad and Multimedia), End Users (Healthcare & Hospitality, Retail & e-Commerce, Government & Transportation and Others), Regions (Norther, Southern, Eastern and Western) and Competitive Landscape

Read More

Australia & New Zealand Elevator & Escalator Market (2017-2023)

Market Forecast by Segments (Elevator (Passenger, Home and Cargo Elevator) and Escalator (Moving Stairs and Moving Walkways)), Services (New Installation, Maintenance and Modernization), Verticals (Residential, Commercial and Industrial)

Read More

India LED Lighting Market (2017-2023)

Market Forecast by Types (LED Lamps (Self-Ballasted, Down Lighters and Street Lights) and LED Luminaires (Indoor and Outdoor Luminaires)), By Wattage (Upto 5W, 6W-10W, 11W-15W, 16W-20W and Above 20W), Applications (Outdoor Lighting, Indoor Lighting ...

Read More

Saudi Arabia Diesel Genset Rental Market (2017-2022)

Market Forecast by KVA Rating (Below 100 KVA, 100.1 KVA- 350 KVA, 350.1 KVA-750 KVA, 750.1 KVA-1000 KVA and Above 1000 KVA), Applications (Power Utilities, Oil & Gas, Construction, Manufacturing, Quarrying and Mining and Others)

Read More

Latin America Asphalt Paver Market (2017-2022)

Market Forecast by Types (Wheeled and Tracked Asphalt Pavers), Technologies (Hydrostatic and Mechanical), Paving Width (<2.5m, 2.5-5m and >5m) and Countries (Mexico, Brazil, Argentina, Colombia, Chile and Others)

Read More


Our Key Clients
6wreserach client list