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    India Internet Of Everything Market

    ID: MRFR/ICT/58999-HCR
    200 Pages
    Aarti Dhapte
    October 2025

    India Internet of Everything Market Research Report By Component (Hardware, Software/Platform, Connectivity, Services) and By End User Industry (Manufacturing, Transportation, Healthcare, Retail, Energy and Utilities, Residential, Government, BFSI, Others)-Forecast to 2035

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    India Internet Of Everything Market Summary

    As per MRFR analysis, the internet of everything market size was estimated at 42.69 USD Billion in 2024. The internet of-everything market is projected to grow from 55.27 USD Billion in 2025 to 730.7 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 29.46% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The India internet of-everything market is poised for substantial growth driven by connectivity and innovation.

    • The largest segment in the India internet of-everything market is the smart home devices sector, which continues to expand rapidly.
    • The fastest-growing segment is anticipated to be industrial IoT, reflecting a shift towards automation and efficiency.
    • Government initiatives and investments in digital infrastructure are enhancing connectivity across urban and rural areas.
    • Rising demand for automation and the expansion of smart cities are key drivers propelling market growth.

    Market Size & Forecast

    2024 Market Size 42.69 (USD Billion)
    2035 Market Size 730.7 (USD Billion)

    Major Players

    Cisco Systems (US), IBM (US), General Electric (US), Siemens (DE), Intel (US), Microsoft (US), Oracle (US), SAP (DE), Honeywell (US)

    India Internet Of Everything Market Trends

    the internet of everything market is currently experiencing a transformative phase, driven by advancements in connectivity and data analytics. In India, the proliferation of smart devices and the increasing adoption of cloud computing are reshaping various sectors, including healthcare, agriculture, and manufacturing. This market appears to be characterized by a growing emphasis on integrating physical and digital systems, which enhances operational efficiency and decision-making processes. Furthermore, the government's initiatives to promote digital infrastructure and smart city projects are likely to bolster the market's growth trajectory. As organizations increasingly recognize the value of interconnected systems, the demand for innovative solutions in the internet of-everything market is expected to rise significantly. In addition, the focus on sustainability and energy efficiency is becoming more pronounced within the internet of-everything market. Companies are exploring ways to leverage IoT technologies to optimize resource usage and reduce waste. This trend aligns with India's commitment to environmental sustainability and could lead to the development of new business models that prioritize eco-friendly practices. Overall, the internet of-everything market is poised for substantial growth, driven by technological advancements and a shift towards more sustainable operations.

    Increased Connectivity and Smart Devices

    The internet of-everything market is witnessing a surge in connectivity, with a growing number of smart devices being integrated into everyday life. This trend is facilitating seamless communication between devices, enhancing user experiences, and driving demand for innovative applications across various sectors.

    Government Initiatives and Digital Infrastructure

    Government initiatives aimed at enhancing digital infrastructure are playing a crucial role in the expansion of the internet of-everything market. Investments in smart city projects and digital services are likely to create a conducive environment for the adoption of IoT technologies, fostering innovation and economic growth.

    Focus on Sustainability and Resource Optimization

    There is a notable shift towards sustainability within the internet of-everything market, as organizations seek to optimize resource usage and minimize environmental impact. This trend is encouraging the development of solutions that prioritize energy efficiency and eco-friendly practices, aligning with broader sustainability goals.

    India Internet Of Everything Market Drivers

    Expansion of Smart Cities

    The development of smart cities in India is a significant driver for the internet of-everything market. With the government's commitment to urban modernization, cities are increasingly implementing IoT solutions to improve infrastructure, transportation, and public services. The Smart Cities Mission aims to create 100 smart cities across the country, which could lead to an investment of approximately $30 billion by 2025. This initiative fosters the integration of smart technologies, such as intelligent traffic management systems and energy-efficient buildings, thereby enhancing the quality of urban life. Consequently, the internet of-everything market is poised for growth as cities adopt interconnected systems to address urban challenges.

    Rising Demand for Automation

    The internet of-everything market in India is experiencing a notable surge in demand for automation across various sectors. Industries such as manufacturing, agriculture, and logistics are increasingly adopting IoT solutions to enhance operational efficiency. According to recent data, the automation market in India is projected to grow at a CAGR of 10.5% from 2023 to 2028. This trend indicates a strong inclination towards integrating smart devices and IoT technologies to streamline processes, reduce human error, and improve productivity. As businesses recognize the potential of automation, the internet of everything market is likely to expand, driven by the need for real-time data analytics and remote monitoring capabilities.

    Growing Focus on Data Security

    As the internet of-everything market expands, the focus on data security becomes increasingly critical. With the proliferation of connected devices, concerns regarding data privacy and cybersecurity are on the rise. In response, businesses and government entities are investing in robust security measures to protect sensitive information. The cybersecurity market in India is expected to grow at a CAGR of 15% from 2023 to 2028, indicating a strong emphasis on safeguarding data in the IoT ecosystem. This heightened awareness of security issues is likely to drive the adoption of secure IoT solutions, thereby contributing to the overall growth of the internet of-everything market.

    Increased Internet Penetration

    India's internet penetration is witnessing rapid growth, which serves as a catalyst for the internet of-everything market. As of November 2025, approximately 700 million people in India have access to the internet, representing a penetration rate of around 50%. This widespread connectivity facilitates the adoption of IoT devices and applications across various sectors, including healthcare, agriculture, and retail. The increasing number of internet users is likely to drive demand for smart solutions that enhance user experience and operational efficiency. As more individuals and businesses connect to the internet, the internet of everything market is expected to flourish, supported by the growing ecosystem of connected devices.

    Investment in Research and Development

    Investment in research and development (R&D) is a crucial driver for the internet of-everything market in India. The government and private sector are increasingly allocating resources to innovate and develop IoT technologies. In 2025, R&D spending in the technology sector is projected to reach $10 billion, reflecting a commitment to advancing IoT solutions. This investment fosters collaboration between startups, established companies, and academic institutions, leading to the creation of cutting-edge technologies. As R&D efforts intensify, the internet of-everything market is likely to benefit from the introduction of new products and services that address specific industry needs, thereby enhancing overall market growth.

    Market Segment Insights

    Internet of Everything Market Component Insights

    The India Internet of Everything Market, particularly within the Component segment, plays a pivotal role in shaping the digital landscape of the country. As the adoption of smart technologies continues to expand, the demand for various components is witnessing a significant rise. This segment encompasses crucial areas such as Hardware, Software/Platform, Connectivity, and Services, which collectively drive innovation across multiple industries. Hardware serves as the backbone of IoT solutions, comprising sensors, devices, and actuators that facilitate data collection and actuation in real-time.

    The need for robust and efficient hardware is underscored by the growing number of connected devices being deployed in sectors like agriculture, health care, and smart cities, enhancing operational efficiency and resource management.In parallel, Software and Platform are equally significant, providing the necessary tools for developers to build applications that harness the capabilities of hardware.

    These platforms enable data analytics and user interface designs that are essential for effective management and utilization of IoT devices. The rise of cloud computing and edge computing solutions has further amplified the importance of software platforms, offering scalability and real-time data processing capabilities that allow businesses to respond swiftly to market changes.

    Connectivity forms the bedrock of IoT environments, with technologies such as 5G and LPWAN being increasingly adopted to ensure seamless data transfer across devices. This connectivity layer is foundational, allowing massive volumes of data to be transmitted quickly and reliably, making it indispensable for mission-critical applications.Services in this segment also encompass a wide array of offerings, from installation and maintenance to consultancy services that assist organizations in optimizing their IoT strategies.

    Given India's entrepreneurial spirit, there is an accelerating demand for specialized services aimed at enhancing an organization's capability to leverage IoT technologies effectively. Trends such as increasing government support for digital initiatives and the push for smart infrastructure development serve as catalysts, enhancing the overall landscape of the India Internet of Everything Market. These elements interact synergistically to create a flourishing ecosystem that continues to evolve, supported by advancements in technology and increasing investment in digital infrastructure across the nation.

    Internet of Everything Market End User Industry Insights

    The End User Industry segment of the India Internet of Everything Market is witnessing dynamic growth, driven by the increasing adoption of smart technologies across various sectors. Manufacturing is poised as a critical area where IoT applications enhance operational efficiency and predictive maintenance. Transportation benefits from IoT through fleet management, real-time tracking, and improved public transport systems, catering to urban mobility demands.

    The Healthcare sector leverages IoT for remote patient monitoring and smart medical devices, reflecting the surge in demand for telehealth services.Retail is experiencing a transformation with IoT-enabled customer experiences and inventory management solutions that personalize shopping journeys. Energy and Utilities focus on smart grids and energy management systems that optimize resource distribution.

    The Residential sector is embracing smart home technologies, contributing to energy efficiency and convenience for homeowners. Government initiatives aim to modernize infrastructure through IoT solutions, improving public services and ensuring transparency. The BFSI sector is leveraging IoT for enhanced security and personalized financial services, while other industries are also exploring myriad applications as the Internet of Everything reshapes the economic landscape in India.The overall momentum observed across these sectors is indicative of significant market growth and numerous opportunities arising from the integration of connected technologies.

    Get more detailed insights about India Internet Of Everything Market

    Key Players and Competitive Insights

    The internet of-everything market in India is characterized by a rapidly evolving competitive landscape, driven by technological advancements and increasing demand for connectivity. Major players such as Cisco Systems (US), IBM (US), and Siemens (DE) are strategically positioning themselves through innovation and partnerships. Cisco Systems (US) focuses on enhancing its IoT security solutions, while IBM (US) emphasizes its cloud-based services to facilitate digital transformation. Siemens (DE) is leveraging its expertise in automation and digitalization to create integrated solutions that cater to various industries. Collectively, these strategies foster a competitive environment that encourages continuous improvement and adaptation to market needs.

    Key business tactics employed by these companies include localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market structure appears moderately fragmented, with several key players exerting influence over specific segments. This fragmentation allows for niche players to emerge, while larger corporations consolidate their positions through strategic acquisitions and partnerships, thereby shaping the overall competitive dynamics.

    In September 2025, Cisco Systems (US) announced a partnership with a leading Indian telecommunications provider to enhance IoT connectivity across urban areas. This collaboration aims to deploy advanced networking solutions that facilitate smart city initiatives, thereby positioning Cisco as a leader in urban digital transformation. The strategic importance of this partnership lies in its potential to expand Cisco's market reach and reinforce its commitment to innovation in the IoT space.

    In August 2025, IBM (US) launched a new suite of AI-driven IoT solutions tailored for the manufacturing sector. This initiative is designed to optimize production processes and reduce operational costs through predictive analytics. The strategic significance of this launch is underscored by the growing demand for smart manufacturing solutions, which could enhance IBM's competitive edge in a market increasingly focused on efficiency and automation.

    In October 2025, Siemens (DE) unveiled a new digital platform aimed at integrating IoT technologies with existing industrial systems. This platform is expected to streamline operations and improve data analytics capabilities for manufacturers. The strategic relevance of this development is its alignment with the global trend towards Industry 4.0, positioning Siemens as a frontrunner in the digital transformation of industrial processes.

    As of November 2025, current competitive trends in the market include a pronounced focus on digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the landscape, enabling companies to leverage complementary strengths and enhance their service offerings. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift underscores the importance of agility and responsiveness in meeting the dynamic needs of the market.

    Key Companies in the India Internet Of Everything Market market include

    Industry Developments

    In recent months, the India Internet of Everything Market has witnessed significant developments. In August 2023, Tech Mahindra announced a strategic partnership with Cisco Systems to enhance their IoT solutions, aiming to leverage edge technologies for optimizing business operations in various sectors. Additionally, in July 2023, Wipro unveiled its new IoT platform to facilitate automation and data insights for enterprises.

    The market's growth is reflected in the increasing market valuation of companies. According to industry estimates, the IoT sector in India is anticipated to reach USD 15 billion by 2025, driven by investments from major players such as Reliance Industries and Infosys. In the realm of mergers and acquisitions, Cognizant completed its acquisition of a data analytics firm in June 2023, expanding its capabilities in smart solutions.

    Furthermore, in March 2022, Tata Consultancy Services announced a collaboration with Bharti Airtel to co-create innovative IoT solutions, showcasing the strengthening partnerships aimed at advancing IoT technology in India. Recent government initiatives aimed at fostering a digital infrastructure are also contributing to the burgeoning IoT landscape, making it a focal point for investments in technology and innovation in the country.

    Future Outlook

    India Internet Of Everything Market Future Outlook

    The internet of-everything market in India is poised for growth at 29.46% CAGR from 2024 to 2035, driven by advancements in connectivity, AI integration, and smart infrastructure.

    New opportunities lie in:

    • Development of smart city infrastructure solutions
    • Expansion of IoT-enabled healthcare devices
    • Implementation of AI-driven predictive maintenance systems

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

    Market Segmentation

    India Internet Of Everything Market End-User Outlook

    • Manufacturing
    • Transportation
    • Healthcare
    • Retail
    • Energy and Utilities
    • Residential
    • Government
    • Insurance

    India Internet Of Everything Market Component Type Outlook

    • Hardware
    • Software/Platform
    • Connectivity
    • Services

    Report Scope

    MARKET SIZE 2024 42.69(USD Billion)
    MARKET SIZE 2025 55.27(USD Billion)
    MARKET SIZE 2035 730.7(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 29.46% (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 Cisco Systems (US), IBM (US), General Electric (US), Siemens (DE), Intel (US), Microsoft (US), Oracle (US), SAP (DE), Honeywell (US)
    Segments Covered End-User, Component Type
    Key Market Opportunities Integration of advanced analytics and AI in the internet of-everything market enhances operational efficiency and consumer engagement.
    Key Market Dynamics Rapid technological advancements drive competitive forces in the internet of-everything market, reshaping consumer behavior and regulatory frameworks.
    Countries Covered India

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    FAQs

    What is the projected market size of the India Internet of Everything Market in 2024?

    The India Internet of Everything Market is projected to be valued at 38.05 USD Billion in 2024.

    What is the expected market value of the India Internet of Everything Market by 2035?

    By 2035, the India Internet of Everything Market is expected to reach a valuation of 2197.52 USD Billion.

    What is the expected CAGR for the India Internet of Everything Market from 2025 to 2035?

    The expected CAGR for the India Internet of Everything Market from 2025 to 2035 is 44.593%.

    Which component has the highest projected market value in 2035 within the India Internet of Everything Market?

    In 2035, the Software/Platform component is projected to have the highest market value of 580.25 USD Billion.

    What is the projected value for the Hardware component of the India Internet of Everything Market in 2024?

    The Hardware component of the India Internet of Everything Market is expected to be valued at 8.0 USD Billion in 2024.

    Who are the major players in the India Internet of Everything Market?

    Major players in the India Internet of Everything Market include Tech Mahindra, Cognizant, Reliance Industries, Wipro, Infosys, HCL Technologies, Cisco Systems, Tata Consultancy Services, Bharti Airtel, Microsoft, Amazon, Google, Larsen & Toubro, IBM, and Vodafone Idea.

    What is the projected market value of the Services component by 2035?

    By 2035, the Services component of the India Internet of Everything Market is projected to be valued at 904.4 USD Billion.

    How much is the Connectivity segment expected to be valued in 2035?

    The Connectivity segment of the India Internet of Everything Market is expected to reach a valuation of 290.0 USD Billion by 2035.

    What drivers are contributing to the growth of the India Internet of Everything Market?

    Drivers contributing to the growth of the India Internet of Everything Market include increasing connectivity, advancements in data analytics, and rising demand for smart technologies.

    What challenges does the India Internet of Everything Market currently face?

    Challenges faced by the India Internet of Everything Market include cybersecurity threats and the need for regulatory compliance in the rapidly evolving tech landscape.

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