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India Iot Platform Market

ID: MRFR/ICT/59101-HCR
200 Pages
Aarti Dhapte
October 2025

India IoT Platform Market Research Report By Platform (IoT Connectivity Platforms, IoT Device Management Platforms, IoT Application Enablement Platforms, loT Analytics Platforms, IoT Hardware Development Platforms, IoT Integration Platforms), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Deployment Model (Cloud, On-Premises), By Application (Consumer IoT, Enterprise IoT, Industrial IoT), and By End Use Vertical (Smart Manufacturing, Smart Infrastructure, Smart Grid & Utilities, Connected Healthcare, Smart R... read more

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India Iot Platform Market Summary

As per MRFR analysis, the India India IoT Platform Market Size was estimated at 17.5 USD Million in 2024. The India India IoT Platform Market is projected to grow from 21.06 USD Million in 2025 to 134.2 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 20.34% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The India India IoT Platform Market is experiencing robust growth driven by technological advancements and increasing demand for smart solutions.

  • The largest segment in the India IoT platform market is industrial automation, while the fastest-growing segment is smart cities.
  • There is an increased focus on security solutions as organizations prioritize data protection and privacy.
  • Integration with artificial intelligence is becoming a key trend, enhancing the capabilities of IoT platforms.
  • The rising demand for smart cities and government support are major drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 17.5 (USD Million)
2035 Market Size 134.2 (USD Million)
CAGR (2025 - 2035) 20.34%

Major Players

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

India Iot Platform Market Trends

The India IoT Platform Market is currently experiencing a transformative phase, driven by the increasing adoption of connected devices across various sectors. This trend is largely influenced by the growing demand for automation and data analytics, which are essential for enhancing operational efficiency. As industries such as manufacturing, healthcare, and agriculture integrate IoT solutions, the market is likely to expand significantly. Furthermore, government initiatives aimed at promoting smart cities and digital infrastructure are expected to bolster the growth of this market. The emphasis on sustainability and energy efficiency also plays a crucial role, as organizations seek to leverage IoT technologies to reduce their carbon footprint. In addition, the rise of edge computing is reshaping the landscape of the India IoT Platform Market. By processing data closer to the source, edge computing minimizes latency and enhances real-time decision-making capabilities. This shift is particularly relevant in sectors that require immediate responses, such as transportation and logistics. As the ecosystem evolves, collaboration among technology providers, system integrators, and end-users will be vital for fostering innovation and addressing challenges related to security and interoperability. Overall, the iot platform market appears poised for substantial growth, driven by technological advancements and a supportive regulatory environment.

Increased Focus on Security Solutions

As the iot platform market expands, the emphasis on security measures becomes paramount. Organizations are increasingly aware of the vulnerabilities associated with connected devices. Consequently, there is a growing demand for robust security frameworks that protect data integrity and privacy. This trend is likely to drive innovation in security technologies, including encryption and authentication protocols.

Integration with Artificial Intelligence

The integration of artificial intelligence (AI) into the iot platform market is gaining traction. AI enhances the capabilities of IoT devices by enabling predictive analytics and automated decision-making. This synergy allows businesses to optimize operations and improve customer experiences, making it a key trend in the evolving landscape.

Expansion of Industry-Specific Solutions

There is a noticeable trend towards the development of industry-specific solutions within the iot platform market. Tailored applications for sectors such as healthcare, agriculture, and manufacturing are emerging, addressing unique challenges and requirements. This specialization is expected to enhance the effectiveness of IoT deployments, driving further adoption across various industries.

India Iot Platform Market Drivers

Emergence of Edge Computing

The rise of edge computing is transforming the landscape of the India IoT Platform Market in India. By processing data closer to the source, edge computing reduces latency and bandwidth usage, which is particularly beneficial for applications requiring real-time data analysis. Industries such as manufacturing and healthcare are increasingly adopting edge computing solutions to enhance operational efficiency and decision-making. The market for edge computing is projected to grow at a CAGR of 25% over the next five years, indicating a strong demand for IoT platforms that can support this technology. As organizations seek to leverage the benefits of edge computing, the iot platform market is likely to experience significant growth, driven by the need for more efficient data processing capabilities.

Increased Mobile Connectivity

The proliferation of mobile devices and improved internet connectivity in India is a crucial driver for the India IoT Platform Market. With over 1 billion mobile subscribers and a mobile penetration rate exceeding 80%, the accessibility of IoT solutions is expanding. The rollout of 5G technology is anticipated to further enhance connectivity, enabling faster data transmission and lower latency. This increased mobile connectivity allows for the deployment of IoT applications across various sectors, including healthcare, agriculture, and transportation. As more users adopt IoT-enabled devices, the demand for robust platforms that can support these applications is likely to rise, thereby propelling the growth of the iot platform market.

Rising Demand for Smart Cities

The push towards smart cities in India is a pivotal driver for the India IoT Platform Market. Government initiatives, such as the Smart Cities Mission, aim to enhance urban infrastructure through technology. This initiative is expected to lead to an investment of approximately $1.5 billion in smart city projects by 2025. The integration of IoT solutions in urban planning, traffic management, and public safety is likely to create a robust demand for IoT platforms. As cities become more interconnected, the need for efficient data management and real-time analytics will grow, thereby propelling the iot platform market forward. Furthermore, the increasing urban population, projected to reach 600 million by 2031, necessitates innovative solutions to manage resources effectively, further driving the market.

Growth of Industrial Automation

The industrial sector in India is undergoing a transformation with the adoption of automation technologies. The Make in India initiative has spurred investments in manufacturing, leading to a projected growth of the industrial IoT segment by 30% annually. This growth is likely to enhance the demand for IoT platforms that facilitate real-time monitoring, predictive maintenance, and supply chain optimization. Industries such as manufacturing, logistics, and energy are increasingly leveraging IoT solutions to improve operational efficiency and reduce costs. The India IoT Platform Market is expected to benefit significantly from this trend, as companies seek to integrate IoT technologies into their operations to remain competitive in a rapidly evolving landscape.

Government Support and Policy Framework

The Indian government is actively promoting the adoption of IoT technologies through favorable policies and initiatives. The National Digital Communications Policy aims to enhance digital infrastructure and connectivity, which is expected to create a conducive environment for the India IoT Platform Market. Additionally, the government has launched various programs to encourage innovation and investment in IoT solutions, including funding for startups and research initiatives. This supportive policy framework is likely to attract both domestic and international players to the market, fostering competition and innovation. As a result, the iot platform market is poised for growth, driven by increased investment and collaboration among stakeholders.

Market Segment Insights

By Platform: IoT Connectivity Platforms (Largest) vs. IoT Analytics Platforms (Fastest-Growing)

In the India India IoT Platform Market, IoT Connectivity Platforms hold the largest share, driven by the increasing demand for seamless connectivity among IoT devices. This segment's dominance is attributed to its crucial role in enabling communication and data transmission, making it foundational for various IoT applications. On the other hand, IoT Analytics Platforms are witnessing rapid growth, benefiting from rising interest in data-driven decision-making and real-time insights, which are essential for optimizing IoT operations. The growth trends in the India iot platform market are primarily influenced by technological advancements and the need for better data management. IoT Device Management Platforms are also gaining traction as organizations seek effective solutions to manage and monitor connected devices. Furthermore, the emergence of IoT Application Enablement Platforms reflects the demand for innovative applications that can leverage IoT data, leading to improved operational efficiencies across industries. As industries increasingly focus on automation and digital transformation, the relevance of analytics and integration platforms is set to rise, underscoring their growth potential.

IoT Connectivity Platforms (Dominant) vs. IoT Device Management Platforms (Emerging)

IoT Connectivity Platforms have established themselves as dominant players in the India iot platform market, providing essential connectivity solutions that support an array of IoT devices and applications. Their ability to ensure reliable communication between devices is crucial for various sectors, including manufacturing, healthcare, and smart cities. Meanwhile, IoT Device Management Platforms are emerging as vital tools for businesses looking to streamline operations and enhance device lifecycle management. These platforms not only facilitate device provisioning and management but also enable remote monitoring and diagnostics, which are increasingly important in a landscape where connected devices multiply rapidly. As the market evolves, the interplay between these segments will likely dictate trends in device integration and overall IoT performance.

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

In the India India IoT Platform Market, Small & Medium Enterprises dominate the market share, accounting for a significant portion of the total. This segment has been the backbone of the market, driving adoption due to lower costs and the flexibility offered by IoT solutions. In contrast, Large Enterprises, while smaller in market share, are rapidly increasing their footprint as they adopt advanced IoT platforms for scalability and operational efficiency. Growth trends in this segment reveal that Small & Medium Enterprises are increasingly recognizing the value of IoT technologies, leading to a surge in adoption across various industries, including manufacturing and retail. Meanwhile, Large Enterprises are focused on leveraging IoT for data analytics and automation, which are key drivers for their fastest growth. The competition in this space is expected to intensify as technology becomes more accessible to both segments.

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

Small & Medium Enterprises represent a dominant force within the India iot platform market, primarily due to their agility and willingness to innovate. These enterprises are leveraging IoT to optimize operations, reduce costs, and enhance customer experiences, making them more competitive. Conversely, Large Enterprises, characterized by their extensive resources and infrastructure, are emerging as a significant segment in the market. They are investing heavily in IoT solutions to transform their operations and embrace digital transformation strategies. The distinct characteristics of both segments highlight their unique contributions to market dynamics, with Small & Medium Enterprises driving widespread adoption while Large Enterprises foster innovation through significant investments.

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

In the India India IoT Platform Market, the distribution of market share between cloud and on-premises deployment models is significant, with cloud leading the charge. Organizations are increasingly adopting cloud solutions due to their scalability, flexibility, and lower upfront costs. In contrast, on-premises solutions are also experiencing an increase in adoption as companies seek to maintain control over their data and comply with regulatory requirements. Growth trends in this segment are driven by various factors, including the increasing demand for real-time analytics and the rise of IoT devices. While cloud solutions offer easy integration and management, on-premises models are gaining momentum, particularly in industries that prioritize security and data sovereignty. As organizations balance the need for agility with compliance, the on-premises segment is poised for rapid growth.

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

The cloud deployment model stands as the dominant force in the India iot platform market, known for its ability to offer businesses scalable resources and extensive connectivity. It enables organizations to leverage advanced analytics, machine learning, and other innovative technologies without significant infrastructure investments. On the other hand, the on-premises deployment model is emerging, appealing to entities that require stringent data governance and security protocols. This model allows for greater customization and control over IT resources, catering to specific industry needs, particularly in sectors such as healthcare and finance. As these sectors grow in digital maturity, both deployment models are expected to evolve, catering to diverse organizational preferences.

By Application: Enterprise IoT (Largest) vs. Consumer IoT (Fastest-Growing)

In the India India IoT Platform Market, the market share distribution reveals that Enterprise IoT is the largest segment, driven by robust demand from businesses seeking efficiency and connectivity. Consumer IoT, while smaller in market share, is rapidly gaining traction, reflecting the growing adoption of smart home devices and personal gadgets. This dynamic highlights a shift as more consumers recognize the benefits of IoT technology in everyday life. Growth trends indicate that while Enterprise IoT remains a dominant force, Consumer IoT is emerging as the fastest-growing segment. Factors such as increasing internet penetration, technological advancements, and changing consumer behavior contribute to this trend. As more households adopt connected devices, the market for Consumer IoT is expected to expand significantly, leading to diversification in offerings and investment in infrastructure.

Enterprise IoT (Dominant) vs. Consumer IoT (Emerging)

Enterprise IoT is characterized by its widespread applications across industries, offering enhanced operational efficiency, real-time analytics, and improved connectivity for businesses. It focuses on automation and data-driven decisions, making it a vital component for companies aiming for digital transformation. On the other hand, Consumer IoT is primarily centered around smart devices, wearables, and home automation, positioning itself as an emerging player with a potential to reshape daily life. The growth of smart home products, coupled with an increase in consumer interest, places Consumer IoT in an advantageous position among technology enthusiasts, leading to innovative solutions and a dynamic marketplace.

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

In the India India IoT Platform Market, the distribution of market share across various end-use verticals is indicative of the growing adoption of IoT solutions. Smart Manufacturing currently holds the largest share, driven by the push for automation and efficiency in production processes. Following closely are sectors like Smart Infrastructure and Connected Healthcare, which are also witnessing significant investments and growth in IoT solutions. Growth trends in this segment are being heavily influenced by the need for operational efficiency and enhanced connectivity in various industries. Smart Healthcare is emerging as the fastest-growing sector, propelled by the demand for telemedicine and remote patient monitoring solutions. Additionally, the focus on sustainable practices in Smart Utilities and Smart Transportation is fueling innovation and development within these verticals, making them increasingly relevant in the IoT landscape.

Smart Manufacturing (Dominant) vs. Smart Healthcare (Emerging)

Smart Manufacturing stands out as the dominant vertical in the India iot platform market, characterized by its extensive integration of IoT technologies to enhance productivity, minimize downtime, and optimize supply chains. Industries are leveraging smart sensors and real-time data analytics in manufacturing processes to achieve significant operational efficiencies. In contrast, Smart Healthcare is emerging rapidly, focusing on the implementation of IoT-enabled devices for patient care and management. This sector is characterized by innovations such as remote health monitoring systems, connected medical devices, and data-driven decision-making tools, which are transforming the way healthcare services are delivered and managed, thereby showcasing a robust potential for future growth.

Get more detailed insights about India Iot Platform Market

Key Players and Competitive Insights

The iot platform market in India is characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for connected devices. Major players such as Microsoft (US), Amazon (US), and IBM (US) are strategically positioning themselves through innovation and partnerships. Microsoft (US) focuses on enhancing its Azure IoT platform, emphasizing security and scalability, while Amazon (US) leverages its AWS IoT services to provide comprehensive solutions for various industries. IBM (US) is concentrating on integrating AI capabilities into its IoT offerings, thereby enhancing data analytics and operational efficiency. 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 better serve the Indian market. The competitive structure appears moderately fragmented, with several players vying for market share, yet the influence of key players remains substantial. This fragmentation allows for niche players to emerge, potentially disrupting established norms and practices within the industry.

In October 2025, Microsoft (US) announced a partnership with a leading Indian telecommunications provider to enhance its IoT solutions tailored for smart cities. This collaboration aims to leverage local expertise and infrastructure, indicating a strategic move towards regional customization and responsiveness to local demands. Such partnerships are likely to strengthen Microsoft's foothold in the Indian market, aligning with the government's push for smart city initiatives.

In September 2025, Amazon (US) unveiled a new suite of IoT tools designed specifically for the Indian agricultural sector. This initiative reflects Amazon's commitment to addressing local challenges, such as improving crop yields and resource management through technology. By focusing on agriculture, Amazon (US) not only diversifies its IoT applications but also positions itself as a key player in a vital sector of the Indian economy.

In August 2025, IBM (US) launched an AI-driven IoT platform aimed at enhancing operational efficiency for manufacturing industries in India. This strategic move underscores IBM's focus on integrating advanced technologies to provide actionable insights, thereby improving productivity and reducing costs. The emphasis on AI integration suggests a trend towards more intelligent and autonomous systems within the IoT landscape.

As of November 2025, current competitive trends are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are shaping the landscape, enabling companies to pool resources and expertise to tackle complex challenges. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancement, and supply chain reliability. This shift may redefine how companies engage with customers and develop solutions that meet the ever-evolving demands of the market.

Key Companies in the India Iot Platform Market market include

Industry Developments

CloudLyte, a completely automated edge computing platform designed for IoT-driven businesses, was introduced by Tata Communications in May 2024. It allows for low-latency processing in the manufacturing, retail, healthcare, and automotive industries.Tata Communications also revealed on October 24, 2024, a significant improvement to their AI cloud infrastructure in partnership with NVIDIA, utilizing Hopper GPUs to power AI services throughout their IoT platform offering.By February 20, 2025, Tata Communications and CoRover.ai have partnered to develop sovereign AI solutions in 14 Indic languages, combining IoT platform capabilities, AI, and compliance for usage in government and business.

To assist Indian manufacturing companies, Infosys introduced Smart Factory solutions with AI and edge analytics in June 2024, broadening its IoT platform capabilities. Using edge computing and digital twin orchestration, Siemens expanded its footprint in India in the middle of 2023 by implementing its MindSphere industrial IoT platform for energy and automotive customers.Through the integration of IoT middleware, edge gateways, and analytics frameworks for public-sector digital transformation, Tech Mahindra, HCL Technologies, and Wipro provided support for significant telecom, utilities, and smart city projects.

In order to provide device management, secure connection, and AI-driven asset tracking across the logistics, utilities, agriculture, and energy sectors, Indian telecom and enterprise clients have embraced Cisco Systems, Microsoft Azure IoT, Google Cloud IoT, Oracle IoT, and IBM Watson IoT platforms.India's fast changing digital infrastructure is made possible by a strong multi-vendor IoT platform ecosystem, as demonstrated by these coordinated initiatives.

India IoT

Future Outlook

India Iot Platform Market Future Outlook

The IOT Platform Market is projected to grow at a 20.34% CAGR from 2024 to 2035, driven by advancements in connectivity, data analytics, and automation technologies.

New opportunities lie in:

  • Development of smart agriculture solutions leveraging IoT for precision farming.
  • Integration of IoT platforms with AI for enhanced predictive maintenance services.
  • Expansion of IoT-enabled supply chain management systems to optimize logistics.

By 2035, the market is expected to be robust, driven by innovative applications and increased adoption across various sectors.

Market Segmentation

India Iot Platform Market Platform Outlook

  • IoT Connectivity Platforms
  • IoT Device Management Platforms
  • IoT Application Enablement Platforms
  • IoT Analytics Platforms
  • IoT Hardware Development Platforms
  • IoT Integration Platforms

India Iot Platform Market Application Outlook

  • Consumer IoT
  • Enterprise IoT
  • Industrial IoT

India Iot Platform Market Deployment Model Outlook

  • Cloud
  • On-Premises

India Iot Platform Market End Use Vertical Outlook

  • Smart Manufacturing
  • Smart Infrastructure
  • Smart Grid and Utilities
  • Connected Healthcare
  • Smart Retail
  • Smart Transportation
  • Telecommunications
  • Others (Smart Education, Smart Agriculture, Connected Banking)

India Iot Platform Market Organization Size Outlook

  • Small & Medium Enterprises
  • Large Enterprises

Report Scope

MARKET SIZE 2024 17.5(USD Million)
MARKET SIZE 2025 21.06(USD Million)
MARKET SIZE 2035 134.2(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 20.34% (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 Microsoft (US), Amazon (US), IBM (US), Google (US), Cisco (US), Oracle (US), Siemens (DE), SAP (DE), GE (US)
Segments Covered Platform, Organization Size, Deployment Model, Application, End Use Vertical
Key Market Opportunities Integration of advanced analytics and AI capabilities in the iot platform market enhances operational efficiency and decision-making.
Key Market Dynamics Rising demand for smart city solutions drives innovation and competition in the IoT platform market.
Countries Covered India

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FAQs

What is the projected market size of the India IoT Platform Market by 2035?

The India IoT Platform Market is expected to reach a valuation of 40.39 USD Million by 2035.

What was the market size of the India IoT Platform Market in 2024?

In 2024, the India IoT Platform Market is valued at 12.54 USD Million.

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

The expected CAGR for the India IoT Platform Market from 2025 to 2035 is 11.216%.

Which platform segment is expected to have the largest market size in 2035?

The IoT Connectivity Platforms segment is projected to reach 13.0 USD Million in 2035.

Who are the key players in the India IoT Platform Market?

Major players in the India IoT Platform Market include Qualcomm, Tech Mahindra, Schneider Electric, Wipro, and Infosys.

What is the expected market value for IoT Device Management Platforms in 2035?

The IoT Device Management Platforms segment is expected to be valued at 8.0 USD Million by 2035.

What is the projected market size for IoT Application Enablement Platforms by 2035?

The IoT Application Enablement Platforms segment is forecasted to reach 9.5 USD Million in 2035.

What challenges might the India IoT Platform Market face in the coming years?

The market may face challenges such as regulatory hurdles, data security concerns, and technological compatibility issues.

How much is the IoT Analytics Platforms segment valued at in 2024?

The IoT Analytics Platforms segment is valued at 2.54 USD Million in 2024.

What growth drivers are fueling the expansion of the India IoT Platform Market?

Growth drivers include rising demand for smart devices, advancements in connectivity technologies, and increasing adoption of cloud computing.

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