India Iot Node And Gateway Market Size & Outlook
India iot node and gateway market, 2018-2030 (US$B)
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India iot node and gateway market highlights
- The India iot node and gateway market generated a revenue of USD 14,802.5 billion in 2023 and is expected to reach USD 51,601.0 billion by 2030.
- The India market is expected to grow at a CAGR of 19.5% from 2024 to 2030.
- In terms of segment, wi-fi was the largest revenue generating connectivity in 2023.
- Z-Wave is the most lucrative connectivity segment registering the fastest growth during the forecast period.
Iot node and gateway market data book summary
| Market revenue in 2023 | USD 14,802.5 billion |
| Market revenue in 2030 | USD 51,601.0 billion |
| Growth rate | 19.5% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Z-Wave |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Zigbee, Wi-Fi, Bluetooth, Z-Wave |
| Key market players worldwide | Cisco Systems Inc, Sierra Wireless, Intel Corp, International Business Machines Corp, Huawei Technologies, Dell Technologies Inc Ordinary Shares - Class C, Advantech, NXP Semiconductors NV, Eurotech Ltd, Bosch, STMicroelectronics NV, Texas Instruments Inc, Particle, Helium, Laird Connectivity |
Other key industry trends
- In terms of revenue, India accounted for 3.1% of the global iot node and gateway market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China iot node and gateway market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 51,601.0 billion by 2030.
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IoT Node And Gateway Market Scope
IoT Node And Gateway Market Companies
| Name | Profile | # Employees | HQ | Website |
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India iot node and gateway 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 iot node and gateway market will help companies and investors design strategic landscapes.
Wi-fi was the largest segment with a revenue share of 36.48% in 2023. Horizon Databook has segmented the India iot node and gateway market based on zigbee, wi-fi, bluetooth, z-wave covering the revenue growth of each sub-segment from 2018 to 2030.
The Internet of Things (IoT) node and gateway market in India is expected to grow at the fastest CAGR of 19.5% in 2022. India's rapidly growing population and urbanization have created a significant demand for smart infrastructure, efficient resource management, and improved public services.
IoT node and gateway play a pivotal role in addressing these challenges by enabling smart city initiatives, agricultural automation, and industrial IoT applications. Moreover, the Indian government's initiatives like "Digital India" and "Make in India" have encouraged domestic manufacturing of IoT devices and promoted IoT adoption across various sectors.
These policies, along with the decreasing cost of IoT hardware, have made IoT technology more accessible to businesses and organizations in India. Furthermore, the rise of startups and innovation hubs in the country has led to the development of customized IoT solutions tailored to local needs, further driving adoption across industries.
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Our clientele includes a mix of iot node and gateway market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India iot node and gateway market , including forecasts for subscribers. This country databook contains high-level insights into India iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India iot node and gateway market size, by connectivity, 2018-2030 (US$B)
India IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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