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India Agile IoT Market

ID: MRFR/ICT/57031-HCR
200 Pages
Aarti Dhapte
October 2025

India Agile IoT Market Research Report By Component (Hardware, Software), By Deployment (On-premises, Cloud), By Organization size (Large, Small, Medium) and By Connectivity (LAN, Wi-Fi, Li-Fi)- Forecast to 2035

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India Agile IoT Market Summary

As per Market Research Future analysis, the India Agile IoT Market Size was estimated at 5.16 USD Billion in 2024. The India agile iot market is projected to grow from 6.1 USD Billion in 2025 to 32.42 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 18.1% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The India Agile IoT Market is experiencing robust growth driven by technological advancements and increasing demand for real-time data.

  • The largest segment in the India agile IoT market is the smart infrastructure sector, which is witnessing substantial investment.
  • The fastest-growing segment is the healthcare IoT sector, reflecting a rising need for innovative solutions.
  • There is a notable trend towards enhanced security measures as organizations prioritize data protection and privacy.
  • Key market drivers include rising demand for real-time data processing and government initiatives supporting technological advancements.

Market Size & Forecast

2024 Market Size 5.16 (USD Billion)
2035 Market Size 32.42 (USD Billion)
CAGR (2025 - 2035) 18.18%

Major Players

Amazon (US), Microsoft (US), IBM (US), Cisco (US), Google (US), Siemens (DE), Oracle (US), SAP (DE), GE (US)

India Agile IoT Market Trends

The Agile IoT Market is currently experiencing a transformative phase, characterized by rapid advancements in technology and increasing adoption across various sectors. Organizations are increasingly recognizing the potential of agile methodologies to enhance the efficiency and responsiveness of their IoT solutions. This shift is driven by the need for real-time data processing, improved connectivity, and the ability to adapt to changing market demands. As a result, businesses are investing in agile frameworks that facilitate quicker deployment and iterative development, allowing them to stay competitive in a fast-paced environment. Moreover, the agile iot market is witnessing a surge in collaboration between technology providers and end-users. This partnership approach fosters innovation and enables the development of tailored solutions that meet specific industry needs. The emphasis on interoperability and integration of diverse IoT devices is becoming paramount, as organizations seek to create cohesive ecosystems that enhance operational efficiency. The focus on security and data privacy is also intensifying, as stakeholders aim to build trust and ensure compliance with regulatory standards. Overall, the agile iot market is poised for significant growth, driven by technological advancements and a collaborative approach to solution development.

Increased Adoption of Agile Methodologies

Organizations are increasingly embracing agile methodologies to enhance their IoT solutions. This trend reflects a shift towards more flexible and responsive development processes, allowing businesses to adapt quickly to changing requirements and market dynamics.

Focus on Interoperability and Integration

The agile iot market is seeing a heightened emphasis on interoperability among various IoT devices. This trend aims to create seamless integration across platforms, enabling organizations to build cohesive ecosystems that improve operational efficiency.

Enhanced Security Measures

As the agile iot market evolves, there is a growing focus on security and data privacy. Stakeholders are prioritizing the implementation of robust security measures to protect sensitive information and ensure compliance with regulatory standards.

India Agile IoT Market Drivers

Increased Focus on Sustainability

Sustainability is becoming a central theme in the Agile IoT Market in India, as organizations strive to reduce their environmental impact. The integration of IoT technologies enables businesses to monitor and optimize resource usage, leading to more sustainable operations. For instance, smart agriculture solutions are being adopted to minimize water consumption and enhance crop yields. Reports indicate that the market for sustainable IoT solutions in India is expected to reach $5 billion by 2026, reflecting a growing awareness of environmental issues. This focus on sustainability is likely to drive innovation within the agile iot market, as companies develop solutions that align with eco-friendly practices.

Government Initiatives and Support

Government initiatives aimed at promoting digital transformation are significantly influencing the Agile IoT Market in India. Programs such as Digital India and Make in India are designed to foster innovation and encourage the adoption of advanced technologies. These initiatives provide financial incentives and support for startups and established companies alike, facilitating the development of agile iot solutions. The Indian government has allocated approximately $1 billion to enhance the digital infrastructure, which is expected to bolster the agile iot market. This support not only enhances the technological landscape but also encourages collaboration between public and private sectors, driving further growth in the agile iot market.

Advancements in Connectivity Technologies

The evolution of connectivity technologies, such as 5G and LPWAN, is playing a crucial role in shaping the Agile IoT Market in India. These advancements facilitate faster and more reliable communication between devices, enabling the deployment of more sophisticated IoT applications. The rollout of 5G networks is expected to enhance the capabilities of IoT devices, allowing for greater data transfer speeds and lower latency. As a result, businesses are increasingly investing in agile iot solutions that leverage these technologies. The Indian government has set a target to roll out 5G services nationwide by 2025, which could significantly impact the agile iot market by enabling new use cases and applications.

Growing Investment in Smart Infrastructure

Investment in smart infrastructure is a key driver of the Agile IoT Market in India. As urbanization accelerates, cities are increasingly adopting smart technologies to improve efficiency and quality of life. Initiatives to develop smart cities are leading to the implementation of IoT solutions in areas such as traffic management, waste management, and energy efficiency. The Indian government has earmarked approximately $15 billion for smart city projects, which is expected to create substantial opportunities for the agile iot market. This investment not only enhances urban living but also encourages the development of innovative solutions that can adapt to the dynamic needs of urban environments.

Rising Demand for Real-Time Data Processing

The Agile IoT Market in India is experiencing a notable surge in demand for real-time data processing capabilities. As businesses increasingly rely on instantaneous insights to drive decision-making, the need for agile solutions that can process vast amounts of data in real-time becomes paramount. This trend is particularly evident in sectors such as manufacturing and logistics, where operational efficiency is critical. According to recent estimates, the market for real-time data analytics in India is projected to grow at a CAGR of 25% over the next five years. This growth is likely to propel the agile iot market, as organizations seek to implement systems that can adapt quickly to changing data inputs and operational conditions.

Market Segment Insights

By Component: Hardware (Largest) vs. Software (Fastest-Growing)

In the India agile iot market, the component segment illustrates a varied landscape, with hardware currently commanding the largest share. This dominance stems from the increasing demand for robust physical infrastructure that supports agile IoT solutions, catering to sectors such as manufacturing, logistics, and smart cities. Meanwhile, software solutions are rapidly gaining traction, driven by the need for flexible, scalable systems that enhance connectivity and performance across devices. Growth trends within the component segment are largely influenced by technological advancements and consumer preferences. The push towards smart technologies and automation has amplified the need for sophisticated software solutions, positioning them as the fastest-growing segment. With enhanced capabilities such as real-time data processing and machine learning, software components are set to redefine operational efficiencies, thereby accelerating their adoption across various industries in the agile IoT realm.

Hardware (Dominant) vs. Software (Emerging)

The hardware segment stands out as the dominant player in the India agile iot market, characterized by its essential role in laying the groundwork for IoT applications. This segment comprises advanced sensors, actuators, and communication devices that ensure reliable data transmission and processing. On the other hand, the software segment is emerging rapidly, showcasing innovations that facilitate better data management, analysis, and integration across IoT ecosystems. While hardware provides the necessary physical capabilities, the surge in software applications highlights an growing reliance on intelligent solutions. The evolving landscape indicates that both segments are integral, with hardware providing stability and software driving innovation, thus creating a balanced ecosystem for agile IoT initiatives.

By Deployment: Cloud (Largest) vs. On-premises (Fastest-Growing)

In the India agile iot market, the deployment segment is primarily dominated by cloud solutions, which represent the largest share in terms of adoption and usage. This trend reflects a growing preference among businesses for flexible and scalable cloud infrastructures that facilitate real-time data processing and analytics. Conversely, on-premises solutions are gaining traction, particularly among enterprises seeking enhanced security and control over their data. The growth trends in this segment indicate a significant shift towards cloud deployment, fueled by increased internet penetration and advancements in cloud technologies. Additionally, on-premises solutions are emerging as the fastest-growing segment, driven by specific regulatory demands and the need for localized data handling, providing businesses with tailored solutions that meet their operational requirements.

Cloud (Dominant) vs. On-premises (Emerging)

Cloud deployment has established itself as the dominant force in the India agile iot market, characterized by its ability to provide scalable resources and lower upfront costs. This technology enables organizations to leverage remote servers for data storage and processing, thus fostering innovation and faster time-to-market for IoT applications. On the other hand, on-premises solutions are gaining momentum as an emerging alternative, particularly in industries that prioritize data sovereignty and customizations. These solutions offer businesses enhanced control over their IT infrastructure, making them suitable for sensitive applications. Together, these deployment models cater to diverse market needs, indicating a flexible approach to IoT implementation.

By Organization Size: Large (Largest) vs. Small (Fastest-Growing)

In the India agile iot market, the organization size segment showcases a diverse distribution of market share. Large organizations hold a significant portion of the market due to their established infrastructure and resources, which allow for extensive deployment of IoT solutions. Conversely, small organizations, while holding a smaller share, are rapidly catching up, especially as they adopt agile methodologies to leverage IoT technologies on a smaller scale. Growth trends in this segment reveal that small organizations are the fastest-growing, driven by increased technology accessibility and a shift towards agile practices. The desire for innovation and the need for operational efficiency among smaller players enable them to implement IoT solutions swiftly. Additionally, government initiatives and support for startups further contribute to this upward trajectory among small organizations, making them notable contenders in the market landscape.

Large (Dominant) vs. Small (Emerging)

Large organizations in the India agile iot market are characterized by their robust capabilities to invest in extensive IoT ecosystems, often boasting dedicated teams and substantial budgets for innovation. They leverage their experience and established networks to implement complex IoT solutions across multiple sectors. In contrast, small organizations are emerging as significant players, focusing on niche IoT applications that cater to specific market needs. Their agility allows them to pivot quickly, adopt new technologies, and innovate without the bureaucratic hurdles larger firms face. This dynamic creates a competitive landscape where large organizations must continually adapt to the swift advancements and innovative solutions offered by smaller, agile competitors.

By Connectivity: Wi-Fi (Largest) vs. Li-Fi (Fastest-Growing)

The connectivity segment in the India agile iot market showcases a strong preference for Wi-Fi, which has captured the largest share among connectivity methods. This trend can be attributed to Wi-Fi's widespread adoption, ease of use, and compatibility with various devices. LAN also holds a significant portion of the market, benefiting from its reliability and performance in enterprise applications. Meanwhile, Li-Fi is emerging as a disruptive technology that offers higher speeds and better security, albeit with a smaller current share. Growth trends within the connectivity segment are primarily driven by the increasing demand for seamless connectivity solutions, especially in urban areas where data traffic is substantial. The shift towards smart homes and industries is accelerating the demand for advanced connectivity options. Li-Fi is gaining traction due to its potential to transform wireless communication with light-based technology, positioning it as a contender in environments requiring ultra-fast data transfer rates and secure communications.

Wi-Fi (Dominant) vs. Li-Fi (Emerging)

Wi-Fi remains the dominant connectivity option in the India agile iot market, favored for its versatility and capability to connect multiple devices simultaneously. It is ideal for various applications, including smart homes and industrial IoT, due to its robust ecosystem and infrastructure. In contrast, Li-Fi, although still in the early stages of adoption, is recognized as an emerging technology with the potential to significantly enhance data transmission speeds by using light instead of radio waves. While Wi-Fi supports extensive wireless networks, Li-Fi offers advantages in specific scenarios, such as crowded environments and areas where Wi-Fi signals may struggle. As innovation continues, both Wi-Fi and Li-Fi are positioned to play complementary roles in the future of connectivity.

By Vertical: Manufacturing (Largest) vs. Healthcare (Fastest-Growing)

In the India agile iot market, the manufacturing sector holds a significant share, driven by the increasing adoption of IoT technologies to enhance operational efficiency and productivity. This sector is characterized by its extensive investment in automation and smart manufacturing practices, making it a crucial player in the market landscape. In contrast, the healthcare segment is emerging rapidly, recognized for its potential to revolutionize patient care and hospital management using IoT applications. The growth trends in these sectors reveal a dynamic shift where healthcare is becoming the fastest-growing segment due to rising health awareness and demand for remote monitoring solutions. Factors such as government initiatives to digitize healthcare and the need for real-time data management are pivotal. As both segments evolve, their intersection may lead to innovative solutions that leverage IoT technologies for enhanced operational insights and patient outcomes.

Manufacturing: Dominant vs. Healthcare: Emerging

The manufacturing sector stands out as the dominant force in the agile IoT landscape, leveraging IoT solutions to streamline processes, reduce costs, and advance predictive maintenance. This sector's established infrastructure and commitment to technological advancements foster a robust environment for IoT implementations. On the other hand, the healthcare sector is rapidly emerging, driven by a surge in IoT applications aimed at improving patient outcomes, optimizing resource allocation, and enhancing telemedicine capabilities. The integration of wearable devices and smart health monitoring systems positions healthcare as a pivotal area of growth, promising innovative solutions that cater to the evolving needs of both patients and healthcare providers.

Get more detailed insights about India Agile IoT Market

Key Players and Competitive Insights

The agile IoT market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for interconnected devices. Major players such as Amazon (US), Microsoft (US), and IBM (US) are strategically positioning themselves through innovation and partnerships, which collectively shape the competitive environment. Amazon (US) focuses on enhancing its cloud services to support IoT applications, while Microsoft (US) emphasizes its Azure platform to facilitate seamless integration of IoT solutions. IBM (US) is leveraging its expertise in AI and data analytics to provide tailored IoT solutions, indicating a trend towards specialization in service offerings.

Key business tactics in this market include localizing manufacturing and optimizing supply chains to enhance operational efficiency. The competitive structure appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for niche players to emerge, yet the collective strength of major companies like Cisco (US) and Google (US) ensures that they maintain significant market share through robust ecosystems and comprehensive service offerings.

In October 2025, Cisco (US) announced a strategic partnership with a leading telecommunications provider to enhance its IoT security solutions. This move is particularly significant as it addresses growing concerns over data security in IoT deployments, positioning Cisco (US) as a leader in secure IoT infrastructure. The partnership is expected to bolster Cisco's market presence and enhance its competitive edge in a landscape increasingly focused on cybersecurity.

In September 2025, Google (US) launched a new suite of IoT tools aimed at small and medium-sized enterprises (SMEs). This initiative reflects a strategic pivot towards democratizing access to IoT technologies, potentially expanding Google's customer base. By catering to SMEs, Google (US) not only diversifies its offerings but also strengthens its position against competitors who primarily target larger enterprises.

In August 2025, IBM (US) unveiled a new AI-driven analytics platform designed specifically for IoT applications. This platform aims to provide real-time insights and predictive analytics, which are crucial for businesses looking to optimize their operations. The introduction of this platform underscores IBM's commitment to integrating AI with IoT, thereby enhancing its value proposition in the market.

As of November 2025, current trends in the agile IoT market include a pronounced focus on digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the competitive landscape, as companies recognize the need for collaborative innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition towards a focus on innovation, technological advancement, and supply chain reliability. This shift suggests that companies will need to invest in R&D and forge strategic partnerships to remain competitive in an ever-evolving market.

Key Companies in the India Agile IoT Market market include

Industry Developments

Recent developments in the India Agile IoT Market highlight significant advancements and partnerships among key players. Tech Mahindra and Infosys have been focusing on enhancing their IoT platforms, catering to sectors like manufacturing and healthcare. In August 2023, L&T Technology Services announced a collaboration with GE Digital to drive digital transformations through IoT technologies, aiming to improve operational efficiency.

Siemens India has also been actively involved in smart infrastructure projects, which bolsters the country's push towards digitalization.In the realm of mergers and acquisitions, in July 2023, Schneider Electric acquired a minority stake in a promising IoT startup in India to strengthen its smart solutions offerings. 

Furthermore, in May 2023, Wipro expanded its partnership with Amazon Web Services to leverage cloud and IoT capabilities for innovative service solutions. Market valuation for agile IoT solutions in India has seen robust growth, with projections indicating substantial hikes driven by increased adoption across industries. This is reflected in the expansion of Microsoft India and IBM India's IoT services, addressing the burgeoning demand for smart, connected solutions amidst India's digital economy growth. In the past few years, significant advancements have been noted, emphasizing India's commitment to harnessing IoT for future developments.

Future Outlook

India Agile IoT Market Future Outlook

The Agile IoT Market in India is poised for growth at 18.18% CAGR from 2024 to 2035, driven by advancements in connectivity, data analytics, and automation.

New opportunities lie in:

  • Development of smart agriculture solutions leveraging IoT sensors for real-time monitoring.
  • Implementation of predictive maintenance systems in manufacturing to reduce downtime.
  • Creation of IoT-enabled smart city infrastructure to enhance urban living standards.

By 2035, the agile IoT market is expected to achieve substantial growth, driven by innovation and strategic investments.

Market Segmentation

India Agile IoT Market Vertical Outlook

  • Manufacturing
  • Healthcare

India Agile IoT Market Component Outlook

  • Hardware
  • Software

India Agile IoT Market Deployment Outlook

  • On-premises
  • Cloud

India Agile IoT Market Connectivity Outlook

  • LAN
  • Wi-Fi
  • Li-Fi

India Agile IoT Market Organization Size Outlook

  • Large
  • Small
  • Medium

Report Scope

MARKET SIZE 2024 5.16(USD Billion)
MARKET SIZE 2025 6.1(USD Billion)
MARKET SIZE 2035 32.42(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 18.18% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Amazon (US), Microsoft (US), IBM (US), Cisco (US), Google (US), Siemens (DE), Oracle (US), SAP (DE), GE (US)
Segments Covered Component, Deployment, Organization Size, Connectivity, Vertical
Key Market Opportunities Integration of advanced analytics and machine learning enhances operational efficiency in the agile iot market.
Key Market Dynamics Rapid technological advancements drive competitive forces in the agile IoT market, reshaping consumer behavior and regulatory frameworks.
Countries Covered India

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FAQs

What is the expected market size of the India Agile IoT Market in 2024?

The India Agile IoT Market is expected to be valued at 4.5 USD Billion in 2024.

What will be the market size of the India Agile IoT Market by 2035?

By 2035, the India Agile IoT Market is projected to reach a valuation of 22.0 USD Billion.

What is the CAGR for the India Agile IoT Market from 2025 to 2035?

The expected CAGR for the India Agile IoT Market from 2025 to 2035 is 15.52%.

Which component segment of the India Agile IoT Market will experience significant growth?

The hardware segment is expected to grow from 1.5 USD Billion in 2024 to 7.5 USD Billion by 2035.

What is the projected growth for the software component of the India Agile IoT Market from 2024 to 2035?

The software component is anticipated to grow from 3.0 USD Billion in 2024 to 14.5 USD Billion by 2035.

Who are some of the key players in the India Agile IoT Market?

Major players include Tech Mahindra, Cognizant, L&T Technology Services, Siemens India, GE Digital, and Schneider Electric.

What impact do global conflicts have on the India Agile IoT Market?

Current global conflicts may create uncertainties but provide opportunities for market adaptations and innovations.

What applications are driving growth in the India Agile IoT Market?

Applications in smart cities, industrial automation, and health monitoring are among the key growth drivers.

Which segment is likely to hold the largest market share in the India Agile IoT Market?

The software segment is expected to hold a significant portion of the market share due to its growing applications.

How does the market growth rate vary across different regions in India?

Major metropolitan areas in India are likely to experience higher growth rates compared to rural regions due to better infrastructure.

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