6wresearch logo

India IoT market to grow at a CAGR of 28.2% during 2016-22

December 08, 2016

Although, Internet of Things (IoT) market in India is at its nascent stage, in the last few years, the market registered key growth backed by the increase in number of connected devices coupled with increasing internet penetration and exponential growth is anticipated in the coming years due to launch of government projects - Smart City Project and Digital India Campaign.

According to 6Wresearch, India Internet of Things Market is projected to grow at a CAGR of 28.2% during 2016-22. In India IoT market, Industrial IoT accounted for majority of the market share followed by consumer IoT. Industrial IoT segment market is registering growth on account of rise in industrial applications for increase in production. Government efforts to increase internet penetration through "Digital India Campaign" is resulting in spreading awareness and adoption of IoT amongst end users.

According to Shefali Goel, Research Analyst, Research and Consulting, 6Wresearch, "Smart wearable are gaining popularity in our country owing it to the growing awareness and increasing acceptance of smart watches in the country."

"Further, home automation application in consumer IoT segment is set for a major boost due to declining prices and emergence of smart homes concept in the country," Shefali further added.

According to Aditi Sharma, Research Associate, Research and Consulting, 6Wresearch, "India is under digital revolution of doing things which were not possible before. IoT is main part of it and is creating practical improvements for this transformation."

"With the incorporation of IoT in both consumer and industrial sector, there is a rapid expansion of the ecosystem. Major companies are turning to adopt IoT to increase their efficiency and customer experience," Aditi concluded.

Media Source: India Infoline

      Browse More Report

Global Gas Genset Market (2018-2024)

Market Forecast By KVA Ratings (Upto 100 KVA, 100.1-375 KVA, 375.1-1000 KVA and Above 1000 KVA), By Applications ((Residential, Industrial including Manufacturing and Production, Commercial (Offices, Museum, Hospitality, Retail, Education and Data Center)...

Read More

Thailand Diesel Genset Market (2018-2024)

Market Forecast By kVA Rating (5kVA - 75kVA, 75.1kVA - 375kVA, 375.1kVA - 750kVA, 750.1kVA - 1000kVA and Above 1000kVA), By Applications (Residential, Hospitality, Commercial, Healthcare, Retail, Manufacturing, Oil & Gas and Power Utilities, Infrastructure...

Read More

India Video Surveillance Analytics Software Market (2018-2024)

Market Forecast By Macro Applications (Traffic Surveillance, Building Surveillance, City Surveillance and Business Intelligence), By Micro Applications (Perimeter Intrusion Detection, Pattern Recognition, Counting & Crowd Management, Automatic License Plate Recognition...

Read More

India Gas Genset Market (2018-2024)

Market Forecast By Rating (Up to 100 kVA, 100.1 kVA - 375 kVA, 375.1 kVA - 1,000 kVA and Above 1,000 kVA), By Verticals (Industrial, Commercial and Residential), By Applications (Standby Power, Primary Power and Peak Shaving), By Regions...

Read More

India Air Conditioner Market (2018-2024)

Market Forecast By Types (Window AC, Split AC, Floor Standing, Cassette AC, Packaged, Ducted / Ceiling Concealed, Centralized (Chiller, VRF/VRV and AHU/FCU)), By Applications (Residential, Commercial Buildings & Retail, Government & Transportation, Hospitality and Others...

Read More

Saudi Arabia Industrial Valves Market (2018-2024)

Market Forecast By Types (Gate, Globe, Check, Ball and Others), By Functionality (On/Off and Control), By Applications (Oil & gas, Water & Wastewater, Chemical & Petrochemical, Power & Utility, Construction and Others), By Regions (Eastern, Western, Central and Southern)...

Read More

Cambodia Diesel Genset Market (2018-2024)

Market Forecast By KVA Rating (5 - 30 kVA, 30.1 - 75 KVA, 75.1 - 375 kVA, 375.1 - 750 kVA, 750.1 - 1000 kVA and Above 1000 kVA), By Applications (Residential, Hospitality, Commercial including Offices and BFSI & Datacenter, Healthcare, Retail, Manufacturing, Oil & Gas and...

Read More

Saudi Arabia Software as a Service (SaaS) Market (2018-2024)

Market Forecast By Deployment (Private Cloud, Public Cloud and Hybrid Cloud), By End Users (Commercial Enterprises, BFSI (Banking, Financial Services and Insurance), Hospitality and Healthcare, Industrial and Manufacturing, Government and Transportation...

Read More

Malaysia Diesel Genset Market (2014-2024)

Market Forecast By KVA Rating (5 - 30 kVA, 30.1 - 75 KVA, 75.1 - 375 kVA, 375.1 - 750 kVA, 750.1 - 1000 kVA and Above 1000 kVA), By Applications (Residential, Hospitality, Commercial (Offices, BFSI & Datacenters), Healthcare, Retail, Manufacturing, Oil & Gas and Power Utilities...

Read More

Myanmar Diesel Genset Market (2018-2024)

Market Forecast By kVA Rating (5kVA - 30kVA, 30.1kVA- 75kVA, 75.1kVA - 375kVA, 375.1kVA - 750kVA, 750.1kVA - 1000kVA and Above 1000kVA), By Applications (Residential, Hospitality, Commercial, Healthcare, Retail, Manufacturing, Oil & Gas and Power Utilities...

Read More

Philippines Diesel Genset Market (2018-2024)

Market Forecast By kVA Rating (5kVA - 30kVA, 30.1kVA - 75kVA, 75.1kVA - 375kVA, 375.1kVA - 750kVA, 750.1kVA - 1000kVA and Above 1000kVA), By Applications (Residential, Hospitality, Commercial, Healthcare, Retail, Manufacturing, Oil & Gas Power Utilities...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events