India IoT Connectivity Market PPT 2023: Size, Growth, Demand and Forecast till 2028

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India IoT Connectivity Market Research Report:

The latest report by IMARC, titled “ IndiaIoTConnectivityMarket:IndustryTrends,Share,Size,Growth,OpportunityandForecast2023-2 028

” "the India IoT connectivity market size reached US$ 55 Million in 2022.

Internet of Things (IoT) connectivity refers to network solutions that provide a platform for connecting IoT devices, such as sensors, trackers, and routers. It includes various communication technologies, such as Wi-Fi, Bluetooth, ZigBee, cellular network, ethernet, near-field communication (NFC), and longrange wireless technology. IoT connectivity is widely used in smart homes, industrial processes, remote patient monitoring, traffic management, surveillance systems, and health tracking.

It offers real-time analysis and automation capabilities, which improves operational efficiency, optimizes manufacturing processes, boosts productivity, reduces downtime, and minimizes errors. IoT connectivity also aids in enhancing user safety, increasing convenience, promoting better health, and providing a personalized experience.

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India IoT Connectivity Market Trends:

The rising demand for industrial automation is one of the key factors driving market growth in India. IoT connectivity is widely used across industries to control manufacturing processes, implement predictive maintenance, improve supply chains, track assets, and inventories, monitor product quality, and optimize energy consumption. Furthermore, the implementation of various initiatives by the Government of India (GoI), such as the Digital India Program and Smart Cities Mission (SCM), which aims to improve urban infrastructures and services through IoT solutions, is providing an impetus to the market growth. Additionally, the introduction of the fifth-generation (5G) communication technology that enables high-speed data transfer, offers low latency, and provides network slicing capabilities, which improves the efficiency of IoT devices and enhances network coverage, is positively influencing the market growth. Apart from this, the integration of blockchain technology to manage device identity and authentication, ensure data integrity, promote transparency, and enhance the security and reliability of IoT networks is providing a considerable boost to the market growth. Moreover, the increasing adoption of IoT connectivity in the healthcare industry to monitor patients’ health, enable remote consultation and telemedicine services, improve medication adherence, and track vital signs, such as heart rate, blood pressure, and body temperature, is propelling the market growth. Other factors, including rapid industrialization, extensive research and development (R&D) activities, and the growing demand for real-time data analytics, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 197 Million by 2028, exhibiting a CAGR of 20.3% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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MarketSummary:

ComponentInsights

• Platform

• Services

ApplicationInsights

• Buildings andHome Automation

• Smart Energy and Utility

• Smart Manufacturing

• Smart Retail

• Smart Transportation

• Others

EnterpriseSizeInsights

• Small and Medium-sizedEnterprises

• Large Enterprises

EndUseIndustryInsights

• Transportation

• Manufacturing

• Energy and Utilities

• Healthcare

• Retail

• Residential

• Government

• Insurance

• Others

RegionalInsights

• North India

• West and Central India

• South India

• East India

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CompetitiveLandscapewithKeyPlayers:

• Ericsson

• Cisco Systems. Inc.

• Orange Business Services

• Bharti Airtel Limited

• Vodafone

• etc.

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