PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1909283
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1909283
India Industrial IoT Market Size & Share Analysis - Key Trends, Future Opportunities, Growth Strategies, and Forecasts (2026 - 2032)
The India industrial IoT market is witnessing strong growth as industries accelerate digital transformation to enhance operational efficiency, asset performance, and real-time decision-making. The market is valued at USD 10.1 billion in 2025 and is projected to reach USD 22.1 billion by 2032, growing at a CAGR of 12.1% during the study period from 2019 to 2032. Increasing adoption of connected devices, advanced analytics, and automation across manufacturing and industrial operations is driving sustained market expansion.
Industrial IoT solutions are enabling real-time monitoring, predictive maintenance, and intelligent process optimization across sectors such as manufacturing, energy, utilities, logistics, and infrastructure. Integration of sensors, cloud platforms, edge computing, and data analytics is improving productivity, reducing downtime, and enhancing operational visibility. Government initiatives supporting digital manufacturing, Industry 4.0 adoption, and smart infrastructure development are further reinforcing market momentum.
Maharashtra represents the largest state-level market, supported by a strong industrial base, high concentration of manufacturing facilities, and early adoption of industrial automation technologies, while Karnataka is emerging as the fastest-growing state due to its robust technology ecosystem, expanding industrial digitalization, and rising investment in IoT-enabled solutions. As industries continue to embrace connected and intelligent systems, the India industrial IoT market is expected to maintain steady growth throughout the forecast period.
Key Insights
The India industrial IoT market is valued at USD 10.1 billion in 2025 and is expected to reach USD 22.1 billion by 2032, reflecting strong long-term growth driven by industrial digitalization.
The market is projected to grow at a CAGR of 12.1% during 2019-2032, supported by increasing adoption of connected and data-driven industrial solutions.
Rising demand for real-time monitoring and predictive maintenance is strengthening industrial IoT adoption across sectors.
Maharashtra accounts for the largest share of the market, driven by extensive industrial activity and advanced automation deployment.
Karnataka is the fastest-growing state, supported by a strong technology ecosystem and growing investment in industrial IoT platforms.
Integration of sensors, analytics, and cloud platforms is improving operational efficiency and asset utilization.
Expansion of smart manufacturing and Industry 4.0 initiatives is increasing industrial IoT deployment.
Growing focus on energy efficiency and operational optimization is influencing IoT investment decisions.
Government support for digital infrastructure and industrial modernization is reinforcing long-term market development.
Continued investment in connectivity, analytics, and automation technologies is expected to sustain long-term growth in the India industrial IoT market.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Component
- 1.4.2. Market Size Breakdown, by Deployment
- 1.4.3. Market Size Breakdown, by Application
- 1.4.4. Market Size Breakdown, by End Use
- 1.5. Market Data Reporting Unit
- 1.5.1. Revenue
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Industry Background
- 5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
- 5.3. Sociopolitical Impact
- 5.4. Porter's Five Forces Analysis
- 5.4.1. Bargaining Power of Buyers
- 5.4.2. Bargaining Power of Suppliers
- 5.4.3. Threat of New Entrants
- 5.4.4. Intensity of Rivalry
- 5.4.5. Threat of Substitutes
- 5.5. Lifecycle Analysis
- 5.6. Innovation and Technology Trends
- 5.7. Economic and Regulatory Impact
- 5.8. Market Entry Strategies
Chapter 6. Competitive Landscape
- 6.1. List of Market Players and their Offerings
- 6.2. Market Share of Key Players (2025)
- 6.3. Competitive Benchmarking of Key Players
- 6.4. Product Benchmarking of Key Players
- 6.5. Recent Strategic Developments by Key Players
- 6.6. Company Leadership Matrix
Chapter 7. Maharashtra Market
- 7.1. Overview
- 7.2. Market Revenue, by Component (2019-2032)
- 7.3. Market Revenue, by Deployment (2019-2032)
- 7.4. Market Revenue, by Application (2019-2032)
- 7.5. Market Revenue, by End Use (2019-2032)
- 7.6. Market Revenue, by Country (2019-2032)
Chapter 8. Karnataka Market
- 8.1. Overview
- 8.2. Market Revenue, by Component (2019-2032)
- 8.3. Market Revenue, by Deployment (2019-2032)
- 8.4. Market Revenue, by Application (2019-2032)
- 8.5. Market Revenue, by End Use (2019-2032)
- 8.6. Market Revenue, by Country (2019-2032)
Chapter 9. Tamil Nadu Market
- 9.1. Overview
- 9.2. Market Revenue, by Component (2019-2032)
- 9.3. Market Revenue, by Deployment (2019-2032)
- 9.4. Market Revenue, by Application (2019-2032)
- 9.5. Market Revenue, by End Use (2019-2032)
- 9.6. Market Revenue, by Country (2019-2032)
Chapter 10. Gujarat Market
- 10.1. Overview
- 10.2. Market Revenue, by Component (2019-2032)
- 10.3. Market Revenue, by Deployment (2019-2032)
- 10.4. Market Revenue, by Application (2019-2032)
- 10.5. Market Revenue, by End Use (2019-2032)
- 10.6. Market Revenue, by Country (2019-2032)
Chapter 11. Telangana Market
- 11.1. Overview
- 11.2. Market Revenue, by Component (2019-2032)
- 11.3. Market Revenue, by Deployment (2019-2032)
- 11.4. Market Revenue, by Application (2019-2032)
- 11.5. Market Revenue, by End Use (2019-2032)
- 11.6. Market Revenue, by Country (2019-2032)
Chapter 12. Uttar Pradesh Market
- 12.1. Overview
- 12.2. Market Revenue, by Component (2019-2032)
- 12.3. Market Revenue, by Deployment (2019-2032)
- 12.4. Market Revenue, by Application (2019-2032)
- 12.5. Market Revenue, by End Use (2019-2032)
- 12.6. Market Revenue, by Country (2019-2032)
Chapter 13. Delhi Market
- 13.1. Overview
- 13.2. Market Revenue, by Component (2019-2032)
- 13.3. Market Revenue, by Deployment (2019-2032)
- 13.4. Market Revenue, by Application (2019-2032)
- 13.5. Market Revenue, by End Use (2019-2032)
- 13.6. Market Revenue, by Country (2019-2032)
Chapter 14. Haryana Market
- 14.1. Overview
- 14.2. Market Revenue, by Component (2019-2032)
- 14.3. Market Revenue, by Deployment (2019-2032)
- 14.4. Market Revenue, by Application (2019-2032)
- 14.5. Market Revenue, by End Use (2019-2032)
- 14.6. Market Revenue, by Country (2019-2032)
Chapter 15. Company Profiles
Chapter 16. Appendix
- 16.1. Sources and References
- 16.2. Related Reports
