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India Iot Analytics Market

ID: MRFR/ICT/59079-HCR
200 Pages
Aarti Dhapte
October 2025

India IoT Analytics Market Research Report By Component (Software, Service), By Deployment (On-Premise, On-Cloud), By Type (Predictive Analytics, Prescriptive Analytics, Descriptive Analytics) and By Application (Energy Management, Predictive Maintenance, Asset Management, Inventory Management, Security)- Forecast to 2035

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India Iot Analytics Market Summary

As per MRFR analysis, the India IoT Analytics Market Size was estimated at 1652.0 USD Million in 2024. The India is projected to experience growth from 2003.05 USD Million in 2025 to 13750.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 21.25% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The India IoT analytics market is poised for substantial growth driven by technological advancements and increasing demand for data-driven insights.

  • The market is witnessing increased investment in analytics solutions, indicating a shift towards data-centric decision-making.
  • Real-time data processing is becoming a focal point, enhancing operational efficiency across various sectors.
  • Data security and compliance are gaining prominence as organizations prioritize safeguarding sensitive information.
  • The rising adoption of smart devices and government initiatives are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 1652.0 (USD Million)
2035 Market Size 13750.0 (USD Million)
CAGR (2025 - 2035) 21.25%

Major Players

IBM (US), Microsoft (US), SAP (DE), Oracle (US), Cisco (US), Siemens (DE), Google (US), AWS (US), TIBCO Software (US)

India Iot Analytics Market Trends

The iot analytics market is experiencing notable growth, driven by the increasing adoption of connected devices across various sectors. Organizations are leveraging data generated from these devices to enhance operational efficiency, improve decision-making, and create innovative solutions. The integration of advanced analytics tools is enabling businesses to extract valuable insights from vast amounts of data, thereby fostering a data-driven culture. Furthermore, the rise of smart cities and the push for digital transformation in industries such as manufacturing, healthcare, and agriculture are contributing to the expansion of this market. As companies seek to harness the power of data, the demand for sophisticated analytics solutions is likely to rise. In addition, the regulatory environment in India is evolving to support the growth of the iot analytics market. Government initiatives aimed at promoting digital infrastructure and smart technology adoption are paving the way for increased investment in analytics capabilities. This trend is further supported by the growing emphasis on data privacy and security, which is prompting organizations to adopt robust analytics frameworks. As the market matures, it appears that collaboration between technology providers and end-users will be crucial in driving innovation and addressing challenges related to data management and analysis.

Increased Investment in Analytics Solutions

Organizations are allocating more resources towards advanced analytics tools to better interpret data from connected devices. This trend reflects a growing recognition of the value that data-driven insights can bring to business operations.

Focus on Real-Time Data Processing

There is a noticeable shift towards real-time analytics, enabling businesses to make immediate decisions based on current data. This capability is particularly beneficial in sectors such as logistics and healthcare, where timely information is critical.

Emphasis on Data Security and Compliance

As data privacy concerns rise, companies are prioritizing secure analytics solutions that comply with regulations. This focus on security is shaping the development of analytics frameworks that protect sensitive information while delivering insights.

India Iot Analytics Market Drivers

Rising Adoption of Smart Devices

The proliferation of smart devices across various sectors in India is a key driver for the iot analytics market. As more businesses and consumers adopt smart technologies, the volume of data generated increases significantly. This surge in data necessitates advanced analytics solutions to derive actionable insights. According to recent estimates, the number of connected devices in India is projected to reach over 1 billion by 2025. This growing ecosystem of smart devices creates a fertile ground for the iot analytics market, as organizations seek to harness the potential of data analytics to enhance operational efficiency and customer engagement.

Government Initiatives and Support

The Indian government has been actively promoting initiatives aimed at enhancing digital infrastructure and fostering innovation in the iot analytics market. Programs such as Digital India and Make in India are designed to encourage the adoption of IoT technologies across various industries. These initiatives not only provide funding and resources but also create a conducive environment for startups and established companies to invest in analytics solutions. The government's focus on smart cities and digital transformation is expected to drive the demand for iot analytics, as municipalities and businesses seek to leverage data for improved service delivery and urban planning.

Focus on Enhanced Customer Experience

As competition intensifies across various sectors in India, businesses are increasingly focusing on enhancing customer experience through data-driven insights. The iot analytics market plays a crucial role in this endeavor by providing organizations with the tools to analyze customer behavior and preferences. By leveraging analytics, companies can tailor their offerings and improve service delivery, leading to higher customer satisfaction and loyalty. The emphasis on customer-centric strategies is expected to drive the growth of the iot analytics market, as businesses seek to differentiate themselves in a crowded marketplace.

Integration of AI and Machine Learning

The integration of artificial intelligence (AI) and machine learning (ML) into the iot analytics market is transforming how organizations analyze and interpret data. These technologies enable more sophisticated data processing capabilities, allowing for deeper insights and more accurate predictions. In India, businesses are increasingly investing in AI-driven analytics solutions to enhance decision-making processes. The market for AI in analytics is projected to grow significantly, with estimates suggesting a potential increase of over 30% by 2026. This trend indicates a strong inclination towards leveraging advanced technologies to unlock the full potential of IoT data.

Growing Demand for Predictive Maintenance

In sectors such as manufacturing, transportation, and energy, the demand for predictive maintenance is driving the iot analytics market in India. Companies are increasingly recognizing the value of using analytics to predict equipment failures and optimize maintenance schedules. This approach not only reduces downtime but also lowers operational costs. The market for predictive maintenance solutions is expected to grow at a CAGR of over 25% in the coming years, indicating a robust interest in leveraging data analytics for operational excellence. As industries continue to embrace IoT technologies, the need for sophisticated analytics tools will likely expand.

Market Segment Insights

By Component: Software (Largest) vs. Services (Fastest-Growing)

Within the component segment of the India iot analytics market, software has established itself as the largest contributor to overall market share, driven by its crucial role in enabling data analytics and management. This segment's dominance can be attributed to the increased adoption of IoT solutions across various industries, where software applications provide essential functionalities for data processing, visualization, and decision-making. Conversely, the services segment, while smaller, is experiencing rapid growth as organizations seek expert assistance in deploying, integrating, and maintaining IoT analytics solutions. The rising demand for customized services that address specific business needs is bolstering this segment's expansion. Growth trends in the component segment highlight software's steady increase in demand, fueled by advancements in technology and the proliferation of connected devices. Organizations are increasingly investing in software platforms that offer real-time analytics and insights, enhancing operational efficiency and decision-making capabilities. On the other hand, the services segment is witnessing a surge due to the complexity of IoT deployments and the need for continuous support. As companies navigate the challenges of IoT integration, service providers offering tailored solutions are becoming essential partners, leading to substantial growth in this area.

Software (Dominant) vs. Services (Emerging)

The software segment in the India iot analytics market is characterized by its extensive range of applications, including data analytics platforms, machine learning tools, and visualization software. This segment's dominance is reflected in its ability to provide businesses with robust data processing capabilities, empowering them to derive actionable insights from vast datasets. Additionally, advancements in artificial intelligence and machine learning are further enhancing the software offerings, allowing for more sophisticated analytics. In contrast, the services segment, although emerging, is gaining traction as businesses increasingly recognize the importance of professional support in IoT implementations. This includes consulting, system integration, and managed services, which are essential for ensuring successful deployments and maximizing the value of IoT analytics.

By Deployment: On-Cloud (Largest) vs. On-Premise (Fastest-Growing)

In the India iot analytics market, the deployment segment displays a distinct market share distribution between On-Cloud and On-Premise models. On-Cloud solutions dominate the market, benefitting from the increasing demand for flexible, scalable analytics platforms that can easily integrate with various IoT devices. Meanwhile, the On-Premise segment, while smaller in comparison, is capturing attention for specific use cases that require stringent data security and control, appealing to industries with heightened regulatory requirements. Growth trends indicate that the On-Cloud segment will continue to flourish due to the rapid advancements in cloud computing technologies and adoption of innovative analytics tools. The On-Premise option is emerging as the fastest-growing segment, driven by enterprises prioritizing data privacy, infrastructure control, and low-latency operations. Organizations in sectors like manufacturing and healthcare are particularly leaning towards On-Premise solutions to ensure compliance and optimize their operational efficiencies.

Deployment: On-Cloud (Dominant) vs. On-Premise (Emerging)

The On-Cloud deployment model is the dominant force in the India iot analytics market, characterized by its ability to offer robust solutions with lower operational costs and excellent scalability. Organizations appreciate the ease of access provided by cloud-based analytics, facilitating data-driven decision-making and enhancing overall operational agility. In contrast, the On-Premise deployment model is emerging as a key player, appealing to sectors demanding stringent data governance and security, such as finance and healthcare. This model allows for customized solutions tailored to specific organizational needs, providing enhanced control over data privacy. As a result, while On-Cloud leads in market share, the On-Premise segment is experiencing accelerated adoption, catering to evolving business requirements.

By Type: Predictive Analytics (Largest) vs. Prescriptive Analytics (Fastest-Growing)

In the India iot analytics market, Predictive Analytics holds the largest share among the three segment values, effectively leveraging data to forecast outcomes and trends. This segment benefits from its established presence and widespread adoption across various industries, reflecting strong demand and proven efficacy in driving strategic decisions. On the other hand, Prescriptive Analytics is emerging rapidly, gaining traction as organizations seek more refined insights to guide their decision-making processes. Descriptive Analytics, while significant, plays a more supportive role in providing historical data insights rather than proactive recommendations. The growth trends in this segment are driven by the increasing need for real-time decision-making capabilities and the rise of data-driven strategies across sectors. The advent of advanced technologies and machine learning algorithms enhances the capabilities of Predictive and Prescriptive Analytics, contributing to their robustness in dealing with complex datasets. As businesses in India continue to digitize and embrace IoT solutions, the demand for these analytical tools is expected to accelerate, positioning Prescriptive Analytics as a key player for future growth against the backdrop of existing trends.

Predictive Analytics (Dominant) vs. Prescriptive Analytics (Emerging)

Predictive Analytics is recognized as the dominant force in the India iot analytics market, employing statistical algorithms and machine learning techniques to predict future outcomes based on historical data. Its primary strength lies in its ability to provide businesses with actionable insights, aiding in foresight and strategic planning. Conversely, Prescriptive Analytics represents an emerging trend, offering recommendations for actions by analyzing various scenarios and outcomes. This segment is becoming increasingly vital as organizations seek to optimize operations and improve efficiency through data-driven decision-making. Both segments, while distinct in their approaches, are vital in shaping the future of analytics in the market, with Predictive Analytics leading in presence and acceptance, while Prescriptive Analytics carves out a growing niche.

By Application: Energy Management (Largest) vs. Predictive Maintenance (Fastest-Growing)

The application segment within the India iot analytics market is characterized by a competitive landscape, with Energy Management leading the way due to its significant operational efficiency benefits. It holds the largest market share, appealing to a wide range of industries focusing on energy sustainability. Following closely is Predictive Maintenance, which is rapidly gaining traction as organizations increasingly adopt proactive strategies to reduce downtime and optimize maintenance scheduling, showcasing notable growth within the segment. The growth trends in this segment are primarily driven by the advent of advanced analytics and IoT technologies, which empower businesses to harness real-time data for informed decision-making. Organizations are increasingly investing in these applications to improve operational efficiencies, reduce costs, and enhance customer satisfaction. As industry standards evolve and technological innovations emerge, the focus on Asset Management, Inventory Management, and Security is also poised for growth, indicating dynamic shifts in market priorities.

Energy Management (Dominant) vs. Predictive Maintenance (Emerging)

Energy Management stands as a dominant player in the application segment, reflecting the growing emphasis on energy efficiency and sustainability within various industries. This application enables businesses to monitor and analyze energy consumption patterns, leading to reduced operational costs and enhanced resource allocation. As organizations increasingly prioritize green initiatives, energy management solutions are becoming integral to their strategies. On the other hand, Predictive Maintenance is emerging as a pivotal application, leveraging IoT analytics to forecast equipment failures and schedule timely maintenance. This approach minimizes interruptions and optimizes operational productivity, appealing particularly to manufacturing and logistics sectors.

Get more detailed insights about India Iot Analytics Market

Key Players and Competitive Insights

The iot analytics market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for data-driven decision-making across various sectors. Key players such as IBM (US), Microsoft (US), and Oracle (US) are strategically positioning themselves through innovation and partnerships, thereby enhancing their operational focus. IBM (US) emphasizes its commitment to AI and machine learning integration, while Microsoft (US) leverages its cloud capabilities to offer scalable solutions. Oracle (US) is focusing on enhancing its data management solutions, which collectively shapes a competitive environment that is increasingly reliant on technological differentiation and strategic collaborations.

In terms of business tactics, companies are localizing their operations to better serve the Indian market, optimizing supply chains to enhance efficiency, and investing in regional partnerships. The market structure appears moderately fragmented, with a mix of established players and emerging startups. This fragmentation allows for diverse offerings, yet the collective influence of major players like Cisco (US) and SAP (DE) is significant, as they drive innovation and set industry standards.

In October 2025, IBM (US) announced a strategic partnership with a leading Indian telecommunications provider to enhance its iot analytics capabilities. This collaboration aims to integrate advanced analytics into telecommunications infrastructure, thereby improving service delivery and customer experience. The strategic importance of this partnership lies in its potential to leverage real-time data analytics, which could significantly enhance operational efficiencies and customer engagement in the telecommunications sector.

In September 2025, Microsoft (US) launched a new suite of iot analytics tools tailored for the manufacturing sector in India. This initiative is designed to facilitate predictive maintenance and optimize production processes. The strategic significance of this launch is underscored by the growing demand for smart manufacturing solutions, which could position Microsoft (US) as a leader in the industrial iot analytics space, particularly in a rapidly digitizing economy.

In August 2025, Oracle (US) expanded its cloud infrastructure in India, focusing on enhancing its iot analytics offerings. This expansion is aimed at providing localized data processing capabilities, which are crucial for compliance with regional data regulations. The strategic importance of this move is evident in its potential to attract more clients seeking robust data solutions while ensuring adherence to local laws, thereby strengthening Oracle's market position.

As of November 2025, current trends in the iot analytics market are heavily influenced by digitalization, sustainability initiatives, and the integration of AI technologies. Strategic alliances are increasingly shaping the competitive landscape, as companies recognize the value of collaboration in driving innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological innovation, reliability in supply chains, and the ability to deliver tailored solutions that meet specific market needs.

Key Companies in the India Iot Analytics Market market include

Industry Developments

Recent developments in the India IoT Analytics Market reveal significant growth and innovation among key players. Companies like Tech Mahindra and Wipro are actively expanding their IoT capabilities to harness data analytics for better decision-making. In October 2023, Accenture expanded its partnership with Bosch to enhance manufacturing IoT solutions in the Indian market, emphasizing the importance of data-driven insights. Meanwhile, Cognizant is focusing on sustainability in IoT applications, which aligns with India's push towards greener technologies. The market has witnessed strong growth in valuation, driven by increasing adoption of smart devices and industrial IoT applications.

In September 2023, Tata Consultancy Services announced a strategic collaboration with Amazon to enhance their cloud-based IoT analytics offerings. As of July 2023, IBM's Watson IoT was launched in several cities, catering to businesses seeking to implement advanced analytics in their operations.The last two to three years have seen substantial advancements, with companies investing in Research and Development to innovate IoT solutions tailored to the Indian market dynamics, responding to government initiatives aimed at digitization and smart city developments.

Future Outlook

India Iot Analytics Market Future Outlook

The IOT Analytics Market is projected to grow at a 21.25% CAGR from 2024 to 2035, driven by increased data generation, demand for real-time insights, and advancements in AI technologies.

New opportunities lie in:

  • Development of predictive maintenance solutions for manufacturing sectors.
  • Integration of IoT analytics in smart city infrastructure projects.
  • Creation of customized analytics platforms for agriculture optimization.

By 2035, the market is expected to achieve substantial growth, driven by innovative applications and strategic investments.

Market Segmentation

India Iot Analytics Market Type Outlook

  • Predictive Analytics
  • Prescriptive Analytics
  • Descriptive Analytics

India Iot Analytics Market Component Outlook

  • Software
  • Services

India Iot Analytics Market Deployment Outlook

  • On-Premise
  • On-Cloud

India Iot Analytics Market Application Outlook

  • Energy Management
  • Predictive Maintenance
  • Asset Management
  • Inventory Management
  • Security

Report Scope

MARKET SIZE 2024 1652.0(USD Million)
MARKET SIZE 2025 2003.05(USD Million)
MARKET SIZE 2035 13750.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 21.25% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled IBM (US), Microsoft (US), SAP (DE), Oracle (US), Cisco (US), Siemens (DE), Google (US), AWS (US), TIBCO Software (US)
Segments Covered Component, Deployment, Type, Application
Key Market Opportunities Integration of advanced machine learning algorithms enhances predictive analytics in the iot analytics market.
Key Market Dynamics Rising demand for real-time data insights drives innovation in IoT analytics solutions across various sectors.
Countries Covered India

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FAQs

What is the expected market size of the India IoT Analytics Market in 2024?

The India IoT Analytics Market is projected to be valued at 1.65 USD Billion in 2024.

How much is the India IoT Analytics Market expected to be worth by 2035?

By 2035, the overall market is anticipated to reach 13.19 USD Billion.

What is the expected compound annual growth rate (CAGR) for the India IoT Analytics Market from 2025 to 2035?

The market is expected to grow at a CAGR of 20.791% from 2025 to 2035.

What are the major components contributing to the India IoT Analytics Market?

The market is divided into two main components: Software and Service.

What is the projected value of the software segment in the India IoT Analytics Market by 2035?

The software segment is expected to be valued at 5.24 USD Billion by 2035.

What will the service segment of the India IoT Analytics Market be valued at in 2024?

The service segment is expected to be valued at 0.99 USD Billion in 2024.

Who are the key players in the India IoT Analytics Market?

Major players in the market include Tech Mahindra, Cognizant, Capgemini, and Wipro, among others.

What opportunities exist within the India IoT Analytics Market?

The growing demand for data-driven insights across various sectors presents significant opportunities.

What challenges may affect the growth of the India IoT Analytics Market?

Data privacy concerns and integration complexities could pose challenges for market growth.

What applications are driving growth in the India IoT Analytics Market?

Applications in sectors such as smart cities, healthcare, and agriculture are key drivers of growth.

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