Product Code: ETC4464865 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Industrial Internet of Things (IIoT) market in India has been a transformative force in the country`s manufacturing and industrial sectors. IIoT leverages data and connectivity to enhance productivity, reduce downtime, and enable predictive maintenance. The India government`s "Make in India" initiative has accelerated the adoption of IIoT in manufacturing. Industries are embracing automation, data analytics, and connectivity to optimize operations, making the IIoT market a critical element of India industrial growth.
The Industrial Internet of Things (IIoT) market in India is witnessing significant growth due to the adoption of IoT technology in manufacturing and industrial processes. IIoT offers benefits such as predictive maintenance, process optimization, and real-time data analysis, which are crucial for improving operational efficiency. The government`s "Make in India" initiative and the promotion of smart manufacturing are driving the integration of IIoT in the industrial sector. Manufacturing facilities are increasingly deploying sensors and automation to enhance productivity and reduce downtime. Moreover, industries such as automotive, energy, and healthcare are leveraging IIoT for quality control and supply chain optimization. The expansion of 5G networks is expected to further boost the adoption of IIoT in India, as it enables low-latency, high-bandwidth communication. As India industrial landscape embraces digitalization, the IIoT market will play a pivotal role in the country`s economic growth.
Challenges in the Industrial IoT market include retrofitting legacy equipment, data integration, and ensuring robust cybersecurity measures to protect critical infrastructure. Achieving the benefits of IoT in industrial settings while addressing security concerns is a complex task.
The COVID-19 pandemic has significantly impacted the India Industrial IoT (IIoT) market. The sudden disruptions in supply chains, workforce availability, and economic uncertainty have forced many industries to reevaluate their digital transformation strategies. While IIoT adoption was on the rise prior to the pandemic, it gained even more relevance during this period. Industries have increasingly embraced IIoT to monitor and control manufacturing processes remotely, ensure worker safety, and optimize operations. The need for predictive maintenance and real-time monitoring became more evident as businesses sought to minimize downtime. The India government`s initiatives to promote digitalization and `Make in India` further accelerated the adoption of IIoT. Despite initial setbacks, the India IIoT market has shown resilience and is poised for significant growth in the post-pandemic era.
Noteworthy players in the India Industrial IoT market include Siemens, General Electric, ABB, Schneider Electric, and Bosch. Their expertise in providing industrial IoT solutions, automation, and smart manufacturing technologies has been instrumental in transforming India industrial landscape.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Industrial IoT Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Industrial IoT Market Revenues & Volume, 2021 & 2031F |
3.3 India Industrial IoT Market - Industry Life Cycle |
3.4 India Industrial IoT Market - Porter's Five Forces |
3.5 India Industrial IoT Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.6 India Industrial IoT Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 India Industrial IoT Market Revenues & Volume Share, By , 2021 & 2031F |
4 India Industrial IoT Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of automation and digitalization in the industrial sector |
4.2.2 Government initiatives promoting Industry 4.0 technologies |
4.2.3 Growing demand for efficient and cost-effective industrial processes |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing IoT solutions |
4.3.2 Concerns regarding data security and privacy |
4.3.3 Lack of skilled workforce in the IoT technology domain |
5 India Industrial IoT Market Trends |
6 India Industrial IoT Market, By Types |
6.1 India Industrial IoT Market, By Vertical |
6.1.1 Overview and Analysis |
6.1.2 India Industrial IoT Market Revenues & Volume, By Vertical, 2021-2031F |
6.1.3 India Industrial IoT Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.1.4 India Industrial IoT Market Revenues & Volume, By Energy, 2021-2031F |
6.1.5 India Industrial IoT Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.1.6 India Industrial IoT Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.7 India Industrial IoT Market Revenues & Volume, By Retail, 2021-2031F |
6.1.8 India Industrial IoT Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.9 India Industrial IoT Market Revenues & Volume, By Agriculture, 2021-2031F |
6.1.10 India Industrial IoT Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2 India Industrial IoT Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 India Industrial IoT Market Revenues & Volume, By Hardware, 2021-2031F |
6.2.3 India Industrial IoT Market Revenues & Volume, By Software, 2021-2031F |
6.2.4 India Industrial IoT Market Revenues & Volume, By Services, 2021-2031F |
6.4 India Industrial IoT Market, By |
6.4.1 Overview and Analysis |
7 India Industrial IoT Market Import-Export Trade Statistics |
7.1 India Industrial IoT Market Export to Major Countries |
7.2 India Industrial IoT Market Imports from Major Countries |
8 India Industrial IoT Market Key Performance Indicators |
8.1 Percentage increase in the number of IoT devices deployed in industrial settings |
8.2 Average time taken for companies to achieve ROI on their IoT investments |
8.3 Rate of adoption of IoT solutions by different industries |
8.4 Percentage reduction in downtime and maintenance costs due to IoT implementation |
8.5 Number of cybersecurity incidents reported in industrial IoT systems |
9 India Industrial IoT Market - Opportunity Assessment |
9.1 India Industrial IoT Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.2 India Industrial IoT Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 India Industrial IoT Market Opportunity Assessment, By , 2021 & 2031F |
10 India Industrial IoT Market - Competitive Landscape |
10.1 India Industrial IoT Market Revenue Share, By Companies, 2024 |
10.2 India Industrial IoT Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |