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India Iot Monetization Market

ID: MRFR/ICT/62299-HCR
200 Pages
Aarti Dhapte
October 2025

India IoT Monetization Market Research Report By Component (Solutions, Services), By Organization Size (Large Enterprises, Small & Medium-Sized Enterprises), By Industry Vertical (Retail, IT & Telecom, Manufacturing, Transportation & Logistics, Healthcare, BFSI, Energy & Utilities, Others) and By Business Function (Marketing & Sales, IT, Finance, Supply Chain, Operations)- Forecast to 2035

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India Iot Monetization Market Summary

As per MRFR analysis, the IoT monetization market size was estimated at 35.88 USD Million in 2024. The iot monetization market is projected to grow from 46.87 USD Million in 2025 to 678.74 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 30.64% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The India IoT monetization market is poised for substantial growth driven by innovative business models and increasing demand for smart solutions.

  • The emergence of subscription models is reshaping revenue streams in the IoT sector.
  • Data monetization strategies are gaining traction as businesses seek to leverage insights from connected devices.
  • A heightened focus on security and compliance is becoming essential for IoT service providers.
  • Rising demand for smart solutions and government initiatives are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 35.88 (USD Million)
2035 Market Size 678.74 (USD Million)
CAGR (2025 - 2035) 30.64%

Major Players

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

India Iot Monetization Market Trends

The IoT monetization market is currently experiencing a transformative phase., driven by advancements in technology and increasing connectivity. As industries adopt IoT solutions, the potential for monetization expands significantly. Companies are exploring various business models, including subscription services, data monetization, and pay-per-use frameworks. This shift is not merely a trend but a fundamental change in how businesses perceive value creation through IoT. Integrating artificial intelligence and machine learning into IoT systems enhances data analysis capabilities., leading to more informed decision-making and optimized operations. Moreover, the regulatory environment in India is evolving to support the growth of the iot monetization market. Government initiatives aimed at promoting digital infrastructure and smart city projects are likely to create new opportunities for businesses. The emphasis on data privacy and security is shaping the landscape. Companies must navigate compliance while innovating.. As the market matures, collaboration between technology providers and end-users will be crucial in unlocking the full potential of IoT monetization. The future appears promising, with a focus on sustainable practices and innovative solutions that cater to diverse industry needs.

Emergence of Subscription Models

The rise of subscription-based services is reshaping the iot monetization market. Companies are increasingly offering IoT solutions through monthly or annual subscriptions, allowing customers to access technology without significant upfront costs. This model not only enhances customer retention but also provides a steady revenue stream for providers.

Data Monetization Strategies

Data monetization is becoming a focal point in the iot monetization market. Organizations are leveraging the vast amounts of data generated by IoT devices to create new revenue streams. By analyzing and selling insights derived from this data, businesses can unlock additional value and drive growth.

Focus on Security and Compliance

As the iot monetization market expands, the importance of security and compliance is increasingly recognized. Companies are prioritizing the implementation of robust security measures to protect sensitive data. Compliance with regulations is essential for building trust and ensuring long-term success in this evolving landscape.

India Iot Monetization Market Drivers

Rising Demand for Smart Solutions

The increasing demand for smart solutions in various sectors such as agriculture, healthcare, and manufacturing is driving the iot monetization market. In India, the adoption of smart agriculture technologies has surged, with an estimated market size of $24 billion by 2025. This trend indicates a growing interest in IoT applications that enhance productivity and efficiency. As businesses seek to leverage IoT for operational improvements, the monetization of these solutions becomes crucial. The integration of IoT devices allows for real-time data collection and analysis, which can lead to better decision-making and resource management. Consequently, The IoT monetization market is likely to expand as companies explore innovative ways to capitalize on the data generated by these smart solutions..

Government Initiatives and Support

Government initiatives aimed at promoting digital transformation and smart city projects are significantly impacting the iot monetization market. The Indian government has launched various schemes, such as the Digital India initiative, which aims to enhance connectivity and promote the use of IoT technologies across sectors. With an investment of approximately $1.5 billion in smart city projects, the government is fostering an environment conducive to IoT adoption. This support not only encourages private sector investment but also facilitates the development of infrastructure necessary for IoT deployment. As a result, The IoT monetization market is expected to benefit from increased funding and resources, enabling businesses to develop and monetize innovative IoT solutions..

Growth of Data Analytics Capabilities

The rapid advancement of data analytics capabilities is a key driver for the iot monetization market. In India, the analytics market is projected to reach $16 billion by 2025, reflecting a growing recognition of the value of data-driven insights. Companies are increasingly investing in analytics tools to extract actionable insights from the vast amounts of data generated by IoT devices. This trend suggests that businesses are not only focused on collecting data but are also seeking ways to monetize it effectively. By leveraging advanced analytics, organizations can identify new revenue streams and optimize existing operations, thereby enhancing the overall value proposition of their IoT offerings. Consequently, The IoT monetization market is likely to see substantial growth as data analytics becomes integral to IoT strategies..

Emergence of Innovative Business Models

The emergence of innovative business models, such as pay-per-use and outcome-based pricing, is reshaping the IoT monetization market.. Companies are increasingly exploring flexible pricing strategies that align with customer needs and usage patterns. This shift allows businesses to offer IoT solutions without significant upfront costs, making them more accessible to a broader audience. In India, the adoption of such models is gaining traction, particularly in sectors like transportation and logistics, where efficiency and cost-effectiveness are paramount. As organizations recognize the benefits of these models, the iot monetization market is expected to evolve, with companies finding new ways to generate revenue while delivering value to customers.

Increased Connectivity and Network Expansion

The expansion of connectivity infrastructure, particularly in rural and semi-urban areas, is a significant driver for the IoT monetization market.. With the rollout of 5G technology and improvements in broadband access, more devices can be connected seamlessly. This enhanced connectivity enables a wider range of IoT applications, from smart homes to industrial automation. As connectivity improves, the potential for monetizing IoT solutions increases, as businesses can reach a larger customer base. The Indian telecommunications sector is investing heavily in expanding network coverage, which is expected to facilitate the growth of the iot monetization market. This trend indicates that as more users gain access to IoT technologies, the opportunities for monetization will likely multiply.

Market Segment Insights

By Component: Solutions (Largest) vs. Services (Fastest-Growing)

In the India iot monetization market, the component segment is primarily driven by the solutions value, which occupies a significant share compared to services. Solutions have established themselves as the dominant force, widely adopted by various industries to enhance operational efficiencies. Services, while currently smaller in market share, are rapidly gaining traction as businesses increasingly seek specialized support and expertise to leverage IoT technologies effectively. Growth trends for the component segment showcase a robust shift towards services, which are expected to experience the fastest growth rate. This trend is credited to the rising demand for customized IoT solutions and the need for continuous support in the evolving technological landscape. As end-users become more proficient in IoT applications, the emphasis on quality service will likely attract investments and foster innovation.

Solutions (Dominant) vs. Services (Emerging)

In the India iot monetization market, solutions represent the dominant component, characterized by their comprehensive nature and integration across various industries. These solutions often encompass hardware, software, and analytics tools, providing businesses with the capabilities to harness IoT effectively. In contrast, services are emerging as a key player, focusing on consulting, implementation, and ongoing maintenance. The rapid digital transformation and the advent of smart technologies have prompted organizations to seek specialized services to complement their IoT initiatives. As companies strive for operational efficiency, both segments are poised for growth, with solutions leading in adoption and services carving out their niche through tailored offerings.

By Organization Size: Large Enterprises (Largest) vs. Small & Medium-Sized Enterprises (Fastest-Growing)

In the India iot monetization market, the distribution of market share significantly favors Large Enterprises, which command a substantial portion due to their ability to invest heavily in technology and infrastructure. These organizations utilize IoT solutions to enhance operational efficiency and drive innovation, leading to a stronger foothold in the market. Conversely, Small & Medium-Sized Enterprises (SMEs) represent a growing segment, leveraging IoT solutions to improve competitiveness and streamline processes despite their smaller market presence. Growth trends indicate that the SME segment is rapidly expanding, driven by the increasing affordability of IoT technologies and the demand for enhanced operational capabilities. Many SMEs are adopting IoT solutions to harness data insights, which facilitate smarter decision-making and operational efficiencies. Additionally, government initiatives and favorable policies aimed at supporting SMEs are contributing to this segment's growth, positioning them as a crucial part of the evolving market landscape.

Large Enterprises: Dominant vs. Small & Medium-Sized Enterprises: Emerging

Large Enterprises in the India iot monetization market are characterized by significant investments in advanced IoT technologies, enabling them to deploy comprehensive solutions across their vast operations. Their dominance in the market is bolstered by their extensive resources, skilled workforce, and established networks, allowing for innovative applications of IoT to streamline processes and enhance customer experience. On the other hand, Small & Medium-Sized Enterprises (SMEs) are emerging players that exhibit agility and rapid adoption of IoT technologies, often capitalizing on niche markets. These organizations are increasingly recognizing the value of IoT to drive efficiency and enhance service delivery, positioning themselves for significant growth. The contrasting dynamics between these segments reflect the diverse landscape of the market.

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

The India iot monetization market reveals a diverse distribution of market share among various industry verticals. Retail stands out as the largest segment, capturing the attention of IoT solution providers due to its emphasis on improving customer experience and operational efficiency through data-driven insights. In contrast, the Manufacturing sector is rapidly emerging within the market, leveraging IoT technologies to optimize production processes and reduce costs, capturing significant interest from investors and technology firms alike. Growth trends in the India iot monetization market indicate that sectors like Transportation & Logistics and Healthcare are also gaining traction, driven by the need for real-time monitoring and enhanced service delivery. The Integration of AI and advanced analytics within IoT solutions is further propelling these sectors, fostering innovation and efficiency. Consequently, the overall landscape is evolving, with increasing investment and adoption across various verticals, ensuring a promising outlook for the coming years.

Retail (Dominant) vs. Manufacturing (Emerging)

Retail remains a dominant force in the India iot monetization market, characterized by its focus on enhancing customer engagement and streamlining operations through smart technologies. This segment capitalizes on collecting and analyzing large volumes of customer data, facilitating personalized shopping experiences and inventory management. On the other hand, Manufacturing, while currently considered an emerging segment, is experiencing rapid growth due to its adoption of IoT applications aimed at improving supply chain efficiency and predictive maintenance. Innovations in automation and robotics within Manufacturing are reshaping traditional processes and driving competitiveness. As such, both segments present unique opportunities for stakeholders, highlighting retail's status as a market leader and manufacturing's ascending trajectory.

By Business Function: Marketing & Sales (Largest) vs. IT (Fastest-Growing)

In the India iot monetization market, the distribution of market share among business functions reveals Marketing & Sales as the largest contributing sector. Its dominance is bolstered by the rapid adoption of IoT technologies that streamline customer engagement and enhance sales processes, making it a crucial area for monetization efforts. On the other hand, IT is emerging as the fastest-growing segment, fueled by increasing investments in digital infrastructure and the need for advanced data analytics. This growth can be attributed to the rising demand for IoT solutions that improve operational efficiency and foster innovation across various sectors, highlighting a shift towards technologically advanced business operations.

Marketing & Sales (Dominant) vs. IT (Emerging)

Marketing & Sales have established themselves as the dominant force in the India iot monetization market, leveraging IoT capabilities to create personalized marketing strategies and optimize sales funnels. With the integration of IoT devices, businesses can monitor customer behavior in real-time, enabling tailored campaigns that significantly boost conversion rates. In contrast, the IT sector represents an emerging player, characterized by its focus on developing and implementing IoT-driven solutions. As organizations strive for digital transformation, IT's role is critical in enabling connectivity and data utilization, thus fostering a more integrated and efficient market environment.

Get more detailed insights about India Iot Monetization Market

Key Players and Competitive Insights

The iot monetization market in India is characterized by a rapidly evolving competitive landscape, driven by technological advancements and increasing demand for connected devices. Major players such as IBM (US), Microsoft (US), and Cisco (US) are strategically positioning themselves through innovation and partnerships. IBM (US) focuses on leveraging its cloud and AI capabilities to enhance IoT solutions, while Microsoft (US) emphasizes its Azure platform to facilitate seamless integration of IoT applications. Cisco (US) is enhancing its portfolio through strategic acquisitions, thereby strengthening its market presence. 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 a mix of established players and emerging startups. This fragmentation allows for diverse offerings and competitive pricing, although the influence of key players remains substantial in shaping market trends and consumer preferences.

In October 2025, IBM (US) announced a partnership with a leading Indian telecommunications provider to develop IoT solutions tailored for smart cities. This collaboration is strategically significant as it aligns with India's urbanization goals and positions IBM (US) as a key player in the burgeoning smart city initiative. The partnership is expected to enhance data analytics capabilities, thereby improving urban infrastructure management.

In September 2025, Microsoft (US) launched a new IoT solution specifically designed for the manufacturing sector in India. This initiative is crucial as it addresses the growing need for automation and efficiency in manufacturing processes. By integrating AI and machine learning, Microsoft (US) aims to provide manufacturers with actionable insights, potentially leading to increased productivity and reduced operational costs.

In August 2025, Cisco (US) expanded its IoT security offerings by acquiring a cybersecurity firm specializing in IoT devices. This acquisition is indicative of the increasing importance of security in the IoT landscape, particularly as more devices become interconnected. Cisco's (US) move is likely to enhance its competitive edge by providing comprehensive security solutions, thereby addressing a critical concern for businesses adopting IoT technologies.

As of November 2025, current trends in the iot monetization market include a strong emphasis on digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to pool resources and expertise. Looking ahead, competitive differentiation is expected to evolve, with a shift from price-based competition to a focus on innovation, technology, and supply chain reliability. This transition may redefine how companies approach market entry and customer engagement, ultimately fostering a more resilient and adaptive market environment.

Key Companies in the India Iot Monetization Market market include

Future Outlook

India Iot Monetization Market Future Outlook

The IoT Monetization Market in India is poised for robust growth at 30.64% CAGR from 2024 to 2035, driven by increased connectivity, data analytics, and innovative business models.

New opportunities lie in:

  • Subscription-based IoT services for smart home devices
  • Data monetization platforms for real-time analytics
  • Partnerships with telecom providers for IoT connectivity solutions

By 2035, the market is expected to achieve substantial growth, driven by innovative monetization strategies.

Market Segmentation

India Iot Monetization Market Component Outlook

  • Solutions
  • Services

India Iot Monetization Market Business Function Outlook

  • Marketing & Sales
  • IT
  • Finance
  • Supply Chain
  • Operations

India Iot Monetization Market Industry Vertical Outlook

  • Retail
  • IT & Telecom
  • Manufacturing
  • Transportation & Logistics
  • Healthcare
  • BFSI
  • Energy & Utilities
  • Others

India Iot Monetization Market Organization Size Outlook

  • Large Enterprises
  • Small & Medium-Sized Enterprises

Report Scope

MARKET SIZE 2024 35.88(USD Million)
MARKET SIZE 2025 46.87(USD Million)
MARKET SIZE 2035 678.74(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 30.64% (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 Million
Key Companies Profiled IBM (US), Microsoft (US), Cisco (US), Amazon (US), Siemens (DE), GE (US), SAP (DE), Oracle (US), Honeywell (US)
Segments Covered Component, Organization Size, Industry Vertical, Business Function
Key Market Opportunities Integration of advanced analytics and AI enhances revenue streams in the iot monetization market.
Key Market Dynamics Rising demand for IoT solutions drives competitive innovation and regulatory adaptation in the monetization landscape.
Countries Covered India

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FAQs

What is the projected market size of the India IoT Monetization Market in 2024?

The India IoT Monetization Market is projected to be valued at 52.4 million USD in 2024.

What market value is expected for the India IoT Monetization Market by 2035?

By 2035, the India IoT Monetization Market is expected to reach a valuation of 1220.0 million USD.

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

The anticipated CAGR for the India IoT Monetization Market from 2025 to 2035 is 33.13 percent.

Which sectors are expected to drive growth in the India IoT Monetization Market?

Industries such as manufacturing, healthcare, and smart cities are anticipated to drive significant growth in the India IoT Monetization Market.

What is the market share of the solutions segment in the India IoT Monetization Market for 2024?

The solutions segment of the India IoT Monetization Market is valued at 20.0 million USD in 2024.

How much is the services segment expected to be worth in 2035?

The services segment of the India IoT Monetization Market is projected to reach 700.0 million USD by 2035.

Who are the major players in the India IoT Monetization Market?

Key players in the India IoT Monetization Market include Microsoft, HCL Technologies, and Tata Communications among others.

What challenges are faced by the India IoT Monetization Market?

The market faces challenges such as data privacy concerns and the need for standardization in IoT technologies.

How is the competitive landscape structured in the India IoT Monetization Market?

The competitive landscape features several key players actively engaged in innovation and partnerships in the India IoT Monetization Market.

What opportunities exist in the India IoT Monetization Market by 2035?

There are substantial opportunities in expanding smart infrastructure and enhancing connectivity solutions in the India IoT Monetization Market by 2035.

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