© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - India’s Internet of Things (IoT) Market to Grow
Posted 25th September 2015

India’s Internet of Things (IoT) Market to Grow

According to a recently released TechSci Research report, “India Internet of Things (IoT) Market Opportunities & Forecast, 2020”, the IoT market in India is projected to grow at a CAGR more than 28% during 2015 - 2020.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

India’s Internet of Things (IoT) Market to Grow

India’s Internet of Things (IoT) Market to Grow

Image

According to a recently released TechSci Research report, “India Internet of Things (IoT) Market Opportunities & Forecast, 2020”, the IoT market in India is projected to grow at a CAGR more than 28% during 2015 – 2020.

Growth in the market is anticipated on account of ongoing technological developments in IoT technology for providing better connectivity and coverage as well as real-time monitoring & tracking of services and systems across diverse industry verticals to reduce operational and manpower costs.

Moreover, various government projects such as smart cities, smart transportation, smart grids, etc., are also expected to further propel use of IoT technology in the country over the next five years.

In the IoT landscape, number of connected devices have also been increasing at a tremendous rate over the last few years. Various companies across India have realized that they can use data to optimize costs, deliver better services, and boost revenues.

In 2014, consumer electronics dominated the India IoT market, followed by automotive & transportation and BFSI sectors. Major players operating in India IoT market include Intel, Texas Instruments, Telit, Gemalto, Infosys, IBM, and Wipro.

“Growing adoption of Cloud in IoT services and shifting focus over industrial IoT (IIoT), rising market of M2M communication and increasing trend of wearable technology applications are among the major factors driving IoT market in India. Moreover, government launched International IoT Research Collaboration Scheme (IIRC), which aims to attract private investments in IoT related R&D.

“Furthermore, various Indian companies are increasing their focus and partnering with other companies for developing new IoT and M2M solutions. For instance, Wipro entered into a partnership with Software AG in January 2015 to develop a joint solution platform which would provide real-time intelligence for the Internet of Things (IoT) market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Internet of Things (IoT) Market Forecast & Opportunities, 2020” has evaluated the future growth potential of Internet of Things (IoT) market in India, and provides statistics and information on market structure, size, and shares. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India Internet of Things (IoT) market.”

Categories: Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Association for International Arbitration and Upcoming Events
Legal
01/05/2015Association for International Arbitration and Upcoming Events

The Association for International Arbitration (AIA) is a non-profit organization open to all those interested in Alternative Dispute Resolution (ADR), irrespective of nationality and level of experience.

Read Full PostRead - Eye Icon
Accelerating New FinTech Products With Modular Front End Technology by Velmie
Innovation
20/01/2023Accelerating New FinTech Products With Modular Front End Technology by Velmie

Front end and UX always become a challenge and key success factor when building new tech products. In the FinTech space, it plays an even more important role considering high CAC costs and the average CLV metrics.

Read Full PostRead - Eye Icon
Allen & Overy Advises on Exim India’s Inaugural U.S. Dollar Green Bond
Finance
06/05/2015Allen & Overy Advises on Exim India’s Inaugural U.S. Dollar Green Bond

Allen & Overy has advised Bank of America Merrill Lynch and J.P. Morgan as joint bookrunners on Export-Import Bank of India’s inaugural USD500 million Regulation S green bond issue.

Read Full PostRead - Eye Icon
Protecting Money in the Digital Age
Finance
13/11/2023Protecting Money in the Digital Age

Money Protects is an innovative financial and technology company based in Dubai, focused on providing clients with services relating to managing wealth and ensuring stable finances that will keep them debt free for a sustainable future.

Read Full PostRead - Eye Icon
Creating a Tailored Acquisition & Integration Strategy
M&A
26/03/2018Creating a Tailored Acquisition & Integration Strategy

MVF, a global customer generation firm based in London, has made several acquisitions over the past twelve months - including Startups.co.uk, the UK’s number one website for entrepreneurs, startups and small business and Tech.co, a US based tech news and res

Read Full PostRead - Eye Icon
A Strong Footing in the Stock Market: Exploring Investment Strategies
Finance
10/03/2022A Strong Footing in the Stock Market: Exploring Investment Strategies

Standing at about $93 trillion, the stock market seemed primed for a next mega move that could thrust its valuation to over $100 trillion--or better. This is impressive, but what are the best strategies to become a part of this super wave?

Read Full PostRead - Eye Icon
Where To Find Dedicated ReactJS Developers In 2022?
News
08/07/2022Where To Find Dedicated ReactJS Developers In 2022?

ReactJS is a mainstream technology incorporated by the world’s top organizations and businesses like Netflix, Facebook, Salesforce,  Instacart, and many more. Project owners keep adding this efficient and straightforward tool to their tech stacks. Conse

Read Full PostRead - Eye Icon
Maxim Facilities Management acquisition of CLT Services
Finance
04/08/2015Maxim Facilities Management acquisition of CLT Services

Maxim Facilities Management acquisition of CLT Services

Read Full PostRead - Eye Icon
5 Ways Technology is Finally Rectifying Egregious Marketing Gap
Innovation
10/05/20185 Ways Technology is Finally Rectifying Egregious Marketing Gap

Disruptive transparency-driven ‘democratized data’ methodologies ushering in a brave new world of direct marketing—one that’s more accurate, accessible and economical



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow