India IoT Telecom Services Market Overview
As per MRFR analysis, the India IoT Telecom Services Market Size was estimated at 2.19 (USD Billion) in 2023.The India IoT Telecom Services Market is expected to grow from 2.94(USD Billion) in 2024 to 160 (USD Billion) by 2035. The India IoT Telecom Services Market CAGR (growth rate) is expected to be around 43.835% during the forecast period (2025 - 2035)
Key India IoT Telecom Services Market Trends Highlighted
Rapid digital transformation in a number of industries is driving key developments in the India IoT Telecom Services Market. The increasing demand for automation and greater device connectivity, which are essential for sectors including manufacturing, healthcare, and agriculture, are major market drivers.
Initiatives from the Indian government, including the Digital India program, are designed to improve connectivity infrastructure and facilitate the adoption of IoT technologies by enterprises. The implementation of IoT applications in urban development is further supported by investments in telecommunications infrastructure brought about by the push for smart cities.
Collaboration between telecom firms and startups to create cutting-edge IoT solutions specifically for the Indian market is one opportunity to be investigated. Small and medium-sized businesses are encouraged to embrace IoT technologies due to their lower costs, which propels market expansion.
The Telecom Regulatory Authority of India claims that as IoT applications expand across multiple industries, there is a growing need for dependable and secure connectivity choices. Telecom operators and IT companies are increasingly partnering to improve cloud services and data analytics capabilities, which are critical for successful IoT deployments.
Another noteworthy trend is the emergence of 5G technology in India, which promises fast connectivity that makes IoT deployments more widespread and effective. The India IoT Telecom Services Market is expected to develop, offering a plethora of opportunities for companies to profit from its quickly expanding user base and advantageous legislative framework.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India IoT Telecom Services Market Drivers
Rapid Growth of Smart Infrastructure
The India IoT Telecom Services Market is experiencing substantial growth primarily driven by the rapid development of smart infrastructure in the country. As per the Ministry of Electronics and Information Technology, the Indian government aims to establish 100 smart cities, enhancing urban living through technology.
This initiative alone is expected to attract significant investments in telecommunications and IoT services, with smart cities incorporating IoT systems for traffic management, waste management, and energy efficiency. The implementation of projects like the Smart City Mission highlights the need for effective IoT solutions, creating substantial demand in the IoT Telecom Services Market.Additionally, major telecommunication companies such as Reliance Jio and Bharti Airtel are investing heavily in network infrastructure and IoT platforms to support these smart city initiatives, indicating a robust market growth trajectory fueled by this undertaking.
Increased Adoption of Industrial IoT
The adoption of Industrial Internet of Things (IIoT) in India is accelerating, with an estimated market size growth that is projected to reach USD 8.2 billion by 2025 according to the Indian government. Industries such as manufacturing, logistics, and agriculture are increasingly utilizing IoT solutions to optimize operations and enhance productivity.
Major companies like Larsen & Toubro and Tata Consultancy Services are implementing IIoT solutions, showcasing the potential for the India IoT Telecom Services Market. With the government's push for 'Make in India' initiatives, industries are seeking effective IoT services to achieve operational excellence, further propelling market growth.
Expansion of 5G Networks
The rollout of 5G networks across India is anticipated to play a crucial role in the growth of the India IoT Telecom Services Market. The Indian government, under its 5G policy framework, aims to deploy nationwide 5G services, which are expected to provide improved speed, lower latency, and enhanced connectivity.
This will create new opportunities for businesses looking to implement IoT applications. According to the Telecom Regulatory Authority of India, the adoption of 5G can potentially contribute USD 1 trillion to the Indian economy over the next decade.Leading telecom operators such as Vodafone Idea and Reliance Jio are making significant strides in 5G deployment, underscoring its impact on the IoT landscape and enhancing the opportunity for expanded IoT services across various sectors.
Government Initiatives and Support
Government initiatives play a fundamental role in driving the growth of the India IoT Telecom Services Market. The 'Digital India' program is designed to transform India into a digitally empowered society and knowledge economy.This initiative not only bolsters connectivity but also fosters innovation by inviting startups and established firms to develop IoT solutions.Â
The government has already allocated significant funds to boost digital infrastructure, with reports suggesting an investment of USD 1.5 billion by 2025 aimed at supporting IoT endeavors.Additionally, government collaborations with technology firms for building IoT platforms provide a conducive environment for the expansion of the market, thus supporting growth and development in the telecommunications sector.
India IoT Telecom Services Market Segment Insights
IoT Telecom Services Market Component Insights
The Component segment of the India IoT Telecom Services Market plays a crucial role in the overall growth and development of the industry. As India's digital landscape continues to evolve, there is an increasing demand for advanced connectivity technologies, which serve as the backbone for various IoT applications.This segment comprises essential elements such as connectivity technology, network management solutions, and services that cater to the diverse needs of enterprises and individual consumers alike. Connectivity technology is pivotal in ensuring seamless data transmission across devices, thereby enhancing operational efficiency and user experience.
Furthermore, network management solutions are indispensable for maintaining the reliability and security of IoT networks, enabling organizations to monitor, optimize, and manage their network resources effectively.In India's rapidly growing telecommunications sector, businesses are recognizing the importance of integrating comprehensive services that encompass design, implementation, and support, thus ensuring they can maximize their IoT investments and leverage the full potential of connected solutions.
The prominence of these components is supported by the government’s initiatives aimed at boosting smart city projects and digitalization efforts, which are integral to India's economic growth. The ongoing expansion of 5G networks across the country is also propelling advancements in connectivity solutions, leading to faster and more reliable IoT communications.
Additionally, as industries such as agriculture, healthcare, transport, and manufacturing adopt IoT strategies, the integration of innovative network management solutions becomes increasingly vital to handle the complex demands of these sectors.Enhanced connectivity and robust network management not only empower businesses to streamline processes but also facilitate real-time data analytics, enabling smarter decision-making. Amidst these advancements, service providers are tasked with delivering tailored solutions that cater to the unique requirements of various industries, thereby adding another layer of significance to this segment.
As competition intensifies in the Indian telecommunications market, companies focusing on developing scalable and secure network management solutions can expect to gain a competitive edge, further highlighting the importance of this component within the India IoT Telecom Services Market.The potential for growth in the services aspect of the segment is equally noteworthy, as the demand for technical expertise and support services surges with increasing IoT adoption. Overall, the Component segment stands as a foundational pillar in the India IoT Telecom Services Market, enabling connectivity and management solutions that drive innovation and foster a thriving IoT ecosystem in the country.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
IoT Telecom Services Market Service Type Insights
The India IoT Telecom Services Market, particularly within the Service Type segment, is experiencing significant growth as more businesses leverage advanced telecommunications technology to enhance their operations.This segment encompasses various critical services that facilitate IoT solutions, including Device and Application Management, which plays a crucial role in ensuring the effective functioning and seamless integration of devices across networks. Business Consulting Services are also essential, helping organizations to strategize and navigate the complexities involved in adopting IoT technologies.
IOT Billing and Subscription services are increasingly relevant as they enable flexible pricing models that align with customer needs. Installation and Integration Services are vital for the successful deployment of IoT systems, ensuring that devices, applications, and networks work together efficiently.
Additionally, M2M Billing Services provide a framework for managing the cost structures associated with machine-to-machine communications, which is essential for scalable IoT solutions. The rapid digital transformation in India and the growing emphasis on smart technologies are driving this market segment forward, creating opportunities for companies to innovate and enhance service delivery.As businesses continue to invest in IoT technology, these service types are becoming more integral to operational success, supporting the broader aspirations of the Indian Digital Economy.
IoT Telecom Services Market Application Insights
The India IoT Telecom Services Market, particularly in the Application segment, is experiencing notable growth as various industries leverage IoT technologies to enhance operational efficiency and improve service delivery. Smart Buildings are gaining traction due to the demand for energy efficiency and automation in urban environments, aligning with India's sustainable development goals.
Automation applications are becoming essential in manufacturing and logistics, driven by the need for enhanced productivity. Capillary Network Management is also significant, as it facilitates better data management for utility services, thereby optimizing resource distribution.Vehicle Telematics plays a crucial role in the transportation sector by improving fleet management and enhancing road safety, reflecting the Indian government's focus on smart cities and connected infrastructure.
The Energy and Utilities sector harnesses IoT technologies for better supply chain management, supporting India's energy transition goals. Smart Healthcare is evolving rapidly, as healthcare providers adopt remote monitoring and telehealth services to broaden access and improve patient outcomes.
Other applications continue to rise, showcasing the versatility of IoT in addressing various sector needs and contributing to the overall digital transformation in India, thus reflecting a vibrant and dynamic industry landscape.The increasing adoption is driven by urbanization, government initiatives, and the pressing need for advanced technological solutions to foster economic growth while overcoming challenges such as data security and infrastructure development.
India IoT Telecom Services Market Key Players and Competitive Insights
The India IoT Telecom Services Market is experiencing rapid growth amidst an evolving technological landscape characterized by increasing connectivity requirements and a burgeoning demand for data-driven solutions across various sectors.The competition within this market is intensively driven by innovations in technology, strategic partnerships, and the increasing integration of devices into telecom services, which cater to industries such as manufacturing, transportation, healthcare, and smart cities.
Key players within this market are continually seeking to enhance their service offerings and operational efficiencies to remain competitive and meet the diverse needs of consumers and businesses alike.With advancements in 5G technology and the proliferation of edge computing, the competitive dynamics present significant opportunities for both established telecom operators and emerging startups focusing on IoT services.
Tech Mahindra maintains a significant presence in the India IoT Telecom Services Market, focusing on delivering a comprehensive suite of services tailored to enhance business operations through innovative IoT solutions. The company provides key products and services such as IoT platform development, connectivity solutions, and data analytics services.
Tech Mahindra's strengths can be attributed to its focus on industry-specific solutions, which have proven beneficial across various sectors. Moreover, the company has effectively engaged in strategic mergers and acquisitions to bolster its technological capabilities and expand its service offerings in the IoT domain.
Its ongoing commitment to enhancing digital transformation strategies for clients in India has enabled Tech Mahindra to maintain a competitive edge in the rapidly evolving IoT landscape, allowing it to serve unique industry verticals with tailored solutions that meet the specific needs of the Indian market.
Key Companies in the India IoT Telecom Services Market Include
- Tech Mahindra
- Amazon Web Services
- Tata Communications
- Bharti Airtel
- Vodafone Idea
- Reliance Jio
India IoT Telecom Services Market Developments
With the deployment of 1.3 million smart meters in Bihar, 200,000 meters in Odisha on NB-IoT networks, and 300,000 EV bikes powered by cellular IoT, Bharti Airtel Business became the first Indian ICT provider to connect over 20 million IoT devices in July 2023. Airtel's proprietary platform, "Airtel IoT Hub," provides secure device management, analytics, and connectivity across 2G/4G/5G/NB-IoT/satellite.
In order to assist India's smart metering rollout, which aims to modernize 20 million metering endpoints for utilities, Airtel and IntelliSmart formed a strategic agreement in December 2023. Using commercial spectrum in the 3.5 GHz and 2.1 GHz bands, Airtel and Nokia successfully completed India's first 5G Cloud-RAN experiment in July 2024, with a throughput of over 1.2 Gigabits per second.A significant step toward expanding IoT connection to underserved areas was taken in March 2025 when Reliance Jio and Elon Musk's SpaceX struck a distribution and cooperation agreement to stock Starlink satellite Internet devices through Jio's retail network.
Together, Tata Communications and Amazon Web Services announced an advanced AI-ready network in India on July 22, 2025. The network's goal is to assist enterprise IoT innovation by integrating telecom infrastructure with cloud-native orchestration and generative AI.The telecom-led IoT infrastructure environment in India was further expanded in early 2025 when Vodafone Idea teamed up with AST SpaceMobile to deliver satellite broadband directly to devices in rural and distant locations.
India IoT Telecom Services Market Segmentation Insights
IoT Telecom Services Market Component Outlook
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- Connectivity Technology
- Network Management Solution
- Services
IoT Telecom Services Market Service Type Outlook
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- Device And Application Management
- Business Consulting Services
- IOT Billing And Subscription
- Installation And Integration Services
- M2M Billing Services
-
IoT Telecom Services Market Application Outlook
- Smart Buildings
- Automation
- Capillary Network Management
- Vehicle Telematics
- Energy And Utilities
- Smart Healthcare
- Others
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| Report Attribute/Metric Source: |
Details |
| MARKET SIZE 2023 |
2.19(USD Billion) |
| MARKET SIZE 2024 |
2.94(USD Billion) |
| MARKET SIZE 2035 |
160.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) |
43.835% (2025 - 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 |
Qualcomm, Tech Mahindra, BSNL, Amazon Web Services, Wipro, Iris Global, Tata Communications, Intel Corporation, HCL Technologies, Cisco Systems, Bharti Airtel, IBM, Vodafone Idea, MTNL, Reliance Jio |
| SEGMENTS COVERED |
Component, Service Type, Application |
| KEY MARKET OPPORTUNITIES |
Smart city infrastructure development, Industrial automation solutions, Agriculture and precision farming, Healthcare remote monitoring services, Enhanced connectivity for rural areas |
| KEY MARKET DYNAMICS |
growing demand for connected devices, government initiatives and regulations, advancements in network infrastructure, increasing investment in smart cities, rising adoption across industries |
| COUNTRIES COVERED |
India |
Frequently Asked Questions (FAQ) :
The India IoT Telecom Services Market is expected to be valued at 2.94 billion USD in 2024.
By 2035, the India IoT Telecom Services Market is projected to reach 160.0 billion USD.
The expected CAGR for the India IoT Telecom Services Market from 2025 to 2035 is 43.835%.
The Connectivity Technology segment is expected to reach 55.1 billion USD in 2035, being the largest segment.
The Network Management Solutions segment is projected to be valued at 45.5 billion USD by 2035.
Major players include Qualcomm, Tech Mahindra, BSNL, Amazon Web Services, and Tata Communications.
The Services component is expected to reach 59.4 billion USD by 2035.
Each component, namely Connectivity Technology, Network Management Solutions, and Services, is expected to grow significantly, reflecting high demand and technological advancements.
Key growth drivers include increasing connectivity requirements, advancements in technology, and growing adoption of IoT applications across industries.
Emerging trends, such as increased automation and smart city initiatives, are anticipated to drive substantial growth in the India IoT Telecom Services Market.
