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  • 24 November 2017 18:54

Internet Of Things (IoT) Market The Next Big Service Will Change The Future

Internet Of Things (IoT) Market in India

India’s IoT market is in initial phase which is expected to grow exponentially over the next five-year program, where all of the Indian states and Union territories are participating except West Bengal by nominating at least one city for the Smart City challenge. Financial aid will be given by the central and state government between 2017 - 2022 to the cities and the mission will start showing results from 2022 onwards.

India IoT market is projected to grow at a CAGR of +29% during 2017 to 2022. For the growth of the overall market, smart cities project is expected to play vital role. World Bank and Asian Development Bank (ADB) are anticipated to provide loans of $500 million and $1 billion respectively to India for the development of Smart City Project. Amongst all applications, industrial application contributes maximum revenue share in Indian IoT market owing it growing usage in energy management, smart building, manufacturing, conserving energy and environment.

Smart Cities Mission is part of IoT an urban renewal and retrofitting program by the Government of India with a mission to develop 100 cities all over the country making them citizen friendly and sustainable. The government of India launched various projects such as 100 smart cities project and organizations for the adoption and implementation of IoT.

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Key Highlights of the Report

  • Market Size & Forecast India IoT Market Revenue for Industrial IoT until 2022
  • Historical data of India IoT Market Revenue for the Period 2017-2022
  • Historical data of India IoT Market for the Period 2017-2022
  • Market Size & Forecast India IoT Market Revenue for Consumer IoT until 2022
  • Market Size & Forecast of India IoT Market until 2022
  • Market Drivers and Restraints
  • Market Size & Forecast India IoT Market Revenue until 2022
  • Historical data of India IoT Market Revenue, By Application for the Period 2017-2022
  • Market Size & Forecast India IoT Market Revenue, By Application until 2022
  • Historical data of India IoT Market Revenue for Consumer IoT for the Period 2017-2022
  • Historical data of India IoT Market Revenue for Industrial IoT for the Period 2017-2022
  • Historical data of India IoT Market Revenue %, By Opportunity for the Period 2017-2022
  • Market Size & Forecast India IoT Market Revenue %, By Opportunity until 2022
  • IoT Market Trends

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