Revenue, 2023 (US$M)
$196.7
Forecast, 2030 (US$M)
$3,779.5
CAGR, 2024 - 2030
52.5%
Report Coverage
India

India 5g internet of things (iot) market highlights

  • The India 5g internet of things (iot) market generated a revenue of USD 196.7 million in 2023 and is expected to reach USD 3,779.5 million by 2030.
  • The India market is expected to grow at a CAGR of 52.5% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating component in 2023.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.

5g internet of things (iot) market data book summary

Market revenue in 2023USD 196.7 million
Market revenue in 2030USD 3,779.5 million
Growth rate52.5% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentServices
Historical data2020 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services
Key market players worldwideNokia Oyj, Telefonaktiebolaget L M Ericsson ADR, ZTE Corp Class H, AT&T, Huawei Technologies, Verizon Communications Inc, Thales Group, Vodafone Group PLC, China Mobile, Microsoft Corp

Other key industry trends

  • In terms of revenue, India accounted for 3.8% of the global 5g internet of things (iot) market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China 5g internet of things (iot) market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 16,878.1 million by 2030.

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5G Internet Of Things (IoT) Market Companies

Name Profile # Employees HQ Website

India 5g internet of things (iot) market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 5g internet of things (iot) market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 44.64% in 2023. Horizon Databook has segmented the India 5g internet of things (iot) market based on hardware, software, services covering the revenue growth of each sub-segment from 2020 to 2030.


  • India 5G Internet Of Things (IoT) Component Outlook (Revenue, USD Million, 2020-2030)
    • Hardware
    • Software
    • Services
      • Integration and Installation
      • Network Connectivity Services
      • Training and Consulting
      • Support and Maintenance
  • India 5G Internet Of Things (IoT) IoT Connectivity Outlook (Revenue, USD Million, 2020-2030)
    • Massive IoT
    • Broadband IoT
    • Critical IoT
    • Industrial Automation IoT
  • India 5G Internet Of Things (IoT) Network Architecture Outlook (Revenue, USD Million, 2020-2030)
    • 5G Non-Standalone
    • 5G Standalone
  • India 5G Internet Of Things (IoT) Vertical Outlook (Revenue, USD Million, 2020-2030)
    • Manufacturing
    • Smart Cities
    • Energy & Utilities
    • Transportation & Logistics
    • Enterprises/Corporates
    • Healthcare
    • Oil & Gas
    • Others

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  • Our clientele includes a mix of 5g internet of things (iot) market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India 5g internet of things (iot) market , including forecasts for subscribers. This country databook contains high-level insights into India 5g internet of things (iot) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.

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India 5g internet of things (iot) market size, by component, 2020-2030 (US$M)

India 5G Internet Of Things (IoT) Market Outlook Share, 2023 & 2030 (US$M)

India 5g internet of things (iot) market size, by component, 2020-2030 (US$M)

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