In 2020, the internet of things (IoT) market size in India was around 5.6 billion U.S. dollars. It was a huge increase in comparison with the 1.3 billion dollars in 2016. It was estimated that the market will reach around 10.2 billion U.S. dollars in 2024. One of the main driven factors during this period are pandemic-triggered changes in the company behavior and focus on automation.
Internet of things market size in India in 2016 and 2020 with estimates of 2024
(in billion U.S. dollars)
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Times of India. (March 21, 2023). Internet of things market size in India in 2016 and 2020 with estimates of 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1183084/india-iot-market-size/
Times of India. "Internet of things market size in India in 2016 and 2020 with estimates of 2024 (in billion U.S. dollars)." Chart. March 21, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1183084/india-iot-market-size/
Times of India. (2023). Internet of things market size in India in 2016 and 2020 with estimates of 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1183084/india-iot-market-size/
Times of India. "Internet of Things Market Size in India in 2016 and 2020 with Estimates of 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 21 Mar 2023, https://www.statista.com/statistics/1183084/india-iot-market-size/
Times of India, Internet of things market size in India in 2016 and 2020 with estimates of 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1183084/india-iot-market-size/ (last visited November 21, 2024)
Internet of things market size in India in 2016 and 2020 with estimates of 2024 (in billion U.S. dollars) [Graph], Times of India, March 21, 2023. [Online]. Available: https://www.statista.com/statistics/1183084/india-iot-market-size/
