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    India Open IoT Platform Market

    ID: MRFR/ICT/60417-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    India Open IoT Platform Market Research Report By Deployment Model (Cloud-based, On-premises, Hybrid), By Application (Smart Cities, Industrial Automation, Healthcare, Agriculture), By End Use Industry (Retail, Manufacturing, Transportation, Energy and Utilities) and By Component (Platform, Software, Services) - Forecast to 2035

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    India Open IoT Platform Market Research Report- Forecast to 2035 Infographic
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    Table of Contents

    India Open IoT Platform Market Summary

    The India Open IoT Platform market is poised for substantial growth, projected to reach 3380 USD Million by 2035.

    Key Market Trends & Highlights

    India Open IoT Platform Key Trends and Highlights

    • The market valuation for the India Open IoT Platform is estimated at 672.5 USD Million in 2024.
    • From 2025 to 2035, the market is expected to grow at a compound annual growth rate of 15.81%.
    • By 2035, the market is projected to expand to 3380 USD Million, indicating a robust upward trajectory.
    • Growing adoption of IoT technologies due to increasing demand for smart city initiatives is a major market driver.

    Market Size & Forecast

    2024 Market Size 672.5 (USD Million)
    2035 Market Size 3380 (USD Million)
    CAGR (2025-2035) 15.81%

    Major Players

    Oracle, Tech Mahindra, HCL Technologies, Wipro, Microsoft, Siemens, SAP, Bosch, Amazon Web Services, Tata Consultancy Services, Infosys, Google, Cisco Systems, IBM, Accenture

    India Open IoT Platform Market Trends

    The India Open IoT Platform Market is growing quickly because of more government programs and the digital transformation of many industries. The Indian government has been pushing programs like "Digital India" to get people to use Internet of Things (IoT) technologies to close the digital divide and improve service delivery. This help has led to a lot more money being put into infrastructure and platforms that make it easy for gadgets to connect and work together. 

    Also, smart city initiatives are popping up all over major Indian cities, giving IoT platform developers a chance to offer solutions that solve problems in cities like traffic control, trash management, and energy distribution. New and old businesses are working together to build new apps that can use real-time data and predictive analytics to change the way the market works.

    As both businesses and consumers become more conscious of data privacy issues, there is an increasing focus on data sovereignty and security. As more people understand how important it is to work together in this flexible environment, promoting open standards and interoperability amongst IoT devices is becoming more and more important. The Indian IoT ecosystem is also changing to meet the needs of different industries as edge computing, lower latency, and better data processing capabilities improve. This makes sure that the open IoT platforms can provide effective and reliable solutions that are tailored to local needs.

    India Open IoT Platform Market Drivers

    Market Segment Insights

    India Open IoT Platform Market Segment Insights

    India Open IoT Platform Market Segment Insights

    Open IoT Platform Market Deployment Model Insights

    Open IoT Platform Market Deployment Model Insights

    The Deployment Model segment of the India Open IoT Platform Market presents a diverse range of solutions catering to varying organizational needs and preferences. The growing trend among enterprises to harness cloud-based technologies signifies a significant shift in how IoT platforms are deployed. Cloud-based deployment is popular due to its scalability, lower initial capital outlay, and ease of access for users across geographical locations. This model allows businesses to leverage vast resources and flexibility, which is particularly crucial for startups and small to medium-sized enterprises in India, aiding in efficient resource allocation for innovation and expansion.

    In contrast, the On-premises deployment model offers organizations greater control over their data and security, which is vital in sectors like healthcare and finance where compliance with regulations is paramount. 

    This model is favored by companies that have established IT infrastructure and prefer to keep their sensitive information within their premises, thereby ensuring heightened security and customization. Additionally, the Hybrid model is gaining traction as it effectively combines the advantages of both cloud and on-premises solutions, enabling companies to manage data workload more effectively. This flexibility is appealing to organizations looking to minimize costs while maintaining robust control over critical applications and data management.

    As the India Open IoT Platform Market continues to expand, businesses are increasingly gravitating towards deployment models that provide them with the agility to respond to rapidly changing market needs. 

    Open IoT Platform Market Application Insights

    Open IoT Platform Market Application Insights

    The India Open IoT Platform Market, particularly in the Application segment, is witnessing extensive development as various sectors are adopting IoT solutions to enhance efficiency and connectivity. Smart Cities are gaining traction, driven by initiatives aimed at improving urban management and infrastructure services, thereby enhancing residents' quality of life. Industrial Automation benefits significantly from IoT applications, with businesses leveraging data analytics for predictive maintenance and streamlining manufacturing processes, which is vital for boosting productivity in India's growing industrial sector.In Healthcare, IoT solutions facilitate remote monitoring and telehealth services, addressing the need for improved healthcare access in rural areas. 

    Agriculture is transforming through IoT technologies that provide farmers with real-time data on crop health and soil conditions, resulting in better yield and resource management. This diversity in applications demonstrates the significant impact of IoT in driving innovation and efficiency across various industries, catering to the unique challenges faced within the Indian context. The rising investments in infrastructure and digital initiatives further enhance growth opportunities within these applications, making the India Open IoT Platform Market a pivotal area for future advancements.

    Open IoT Platform Market End Use Industry Insights

    Open IoT Platform Market End Use Industry Insights

    The India Open IoT Platform Market within the End Use Industry segment demonstrates significant growth potential, driven by various factors across vital industries. Retail utilizes IoT platforms to enhance customer experiences and streamline supply chains, ultimately leading to higher operational efficiency. Meanwhile, the Manufacturing sector leverages these platforms for predictive maintenance and real-time monitoring, thus optimizing production processes. Transportation also plays a crucial role, as the integration of IoT facilitates smart logistics and fleet management, ensuring timely deliveries and reduced costs.

    In addition, the Energy and Utilities sectors are harnessing IoT technology for smart grid management and resource optimization, enabling better energy distribution and reduced waste. With the Indian government focusing on digital transformation and smart cities, the adoption of IoT across these industries is expected to intensify, leading to growth in the India Open IoT Platform Market revenue and fostering innovation. As these sectors evolve, their unique needs and applications for IoT will continue shaping the market dynamics and driving technological advancements in India.

    Open IoT Platform Market Component Insights

    Open IoT Platform Market Component Insights

    The India Open IoT Platform Market's Component segment plays a crucial role in shaping the industry's growth and development. This segment includes various essential elements such as platforms, software, and services that enable connectivity and interoperability among devices. In India, the increasing investment in smart cities and digital transformation initiatives by both public and private sectors drive substantial demand for these components. The platform component serves as the backbone, facilitating seamless integration and data management, while software solutions enhance functionality and user experience through analytics and real-time monitoring.

    Service offerings, which encompass consulting, deployment, and ongoing support, are essential in addressing the diverse needs of businesses looking to harness the benefits of IoT technologies. Additionally, the Indian government's push towards the "Digital India" initiative has created an ecosystem ripe for innovation, enabling companies to explore new opportunities and drive market growth. The convergence of these components not only fosters collaboration among stakeholders but also empowers various industries such as agriculture, healthcare, and manufacturing to optimize operations and improve efficiency, solidifying the Component segment's significance in the larger context of the India Open IoT Platform Market.

    Get more detailed insights about India Open IoT Platform Market Research Report- Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The competitive landscape of the India Open IoT Platform Market has been evolving rapidly, characterized by a blend of innovative solutions and a growing number of players aiming to capitalize on the expanding opportunities presented by the Internet of Things. This market is driven by the increasing demand for smart devices and connectivity solutions across various sectors, such as manufacturing, healthcare, transportation, and agriculture. Companies are striving to differentiate themselves by enhancing their offerings through advanced analytics, machine learning capabilities, and robust security measures. 

    As the ecosystem continues to mature, collaborations and strategic alliances are becoming commonplace, allowing companies to leverage complementary technologies and services, thereby fostering a more integrated approach to IoT deployment in diverse applications within India's unique market landscape.Oracle has established a significant presence in the India Open IoT Platform Market, known for its comprehensive suite of cloud solutions and data management capabilities. The company leverages its strong brand reputation and robust technological framework to position itself as a leader in the sector.

    Understanding the critical importance of data in IoT applications, Oracle focuses on delivering scalable and secure platforms that streamline device connectivity and data processing. Its strengths lie in its extensive cloud infrastructure, which supports real-time analytics and empowers organizations to make informed decisions. 

    Additionally, Oracle's client-centric approach enables it to cater to various industries, fostering innovation and driving digital transformation across India's landscape. The firm's ability to integrate various IoT components seamlessly into existing systems further solidifies its market standing.Tech Mahindra provides an array of services and solutions specifically tailored for the India Open IoT Platform Market, emphasizing its commitment to driving digital transformation for enterprises. The company’s portfolio encompasses end-to-end IoT solutions, leveraging advanced technologies such as artificial intelligence and big data analytics. 

    Tech Mahindra has forged strategic partnerships with key technology players, enhancing its service offerings and expanding its reach in the IoT domain. A notable strength of the company lies in its ability to deliver customized solutions that cater to the diverse needs of industries such as automotive, telecom, and smart cities, supporting India's vision for a connected ecosystem. The company has also pursued mergers and acquisitions to bolster its capabilities and expand its expertise in IoT and related technologies.

    This strategic approach not only enhances its innovation potential but also strengthens its competitive advantage in a rapidly evolving market, making Tech Mahindra a robust contender in India's Open IoT landscape.

    Key Companies in the India Open IoT Platform Market market include

    Industry Developments

    Recent developments in the India Open IoT Platform Market indicate significant advancements and an increase in adoption across various sectors. Companies like Tata Consultancy Services and Infosys are actively expanding their IoT capabilities, focusing on integrating artificial intelligence and machine learning to enhance operational efficiencies. In September 2023, Tech Mahindra announced a partnership with Amazon Web Services to leverage cloud services for developing innovative IoT solutions for smart cities, enhancing connectivity and urban infrastructure. 

    Following this, in August 2023, HCL Technologies acquired a startup specializing in IoT security to strengthen its portfolio in providing secure IoT frameworks. Additionally, Wipro has been investing heavily in Research and Development to create robust IoT solutions that cater to the manufacturing and healthcare sectors. 

    Growth in the market valuation of these companies reflects positively on overall adoption rates in India, with reports indicating a more than 15% growth year-on-year. Over the last two years, significant policy backing from the Indian government promoting digital transformation initiatives has led to an optimistic outlook for IoT deployments, further involving key players like Siemens and Microsoft in developmental projects.

    Market Segmentation

    Open IoT Platform Market Component Outlook

    • Platform
    • Software
    • Services

    Open IoT Platform Market Application Outlook

    • Smart Cities
    • Industrial Automation
    • Healthcare
    • Agriculture

    Open IoT Platform Market Deployment Model Outlook

    • Cloud-based
    • On-premises
    • Hybrid

    Open IoT Platform Market End Use Industry Outlook

    • Retail
    • Manufacturing
    • Transportation
    • Energy and Utilities

    Report Scope

     

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 606.0(USD Million)
    MARKET SIZE 2024 672.5(USD Million)
    MARKET SIZE 2035 3380.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 15.81% (2025 - 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 Oracle, Tech Mahindra, HCL Technologies, Wipro, Microsoft, Siemens, SAP, Bosch, Amazon Web Services, Tata Consultancy Services, Infosys, Google, Cisco Systems, IBM, Accenture
    SEGMENTS COVERED Deployment Model, Application, End Use Industry, Component
    KEY MARKET OPPORTUNITIES Smart city development initiatives, Agriculture IoT solutions growth, Industrial IoT integration demand, Connected healthcare innovations, Energy management systems expansion
    KEY MARKET DYNAMICS increasing connectivity infrastructure, government IoT initiatives, rising demand for automation, interoperability concerns, security and privacy issues
    COUNTRIES COVERED India

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What is the projected market value of the India Open IoT Platform Market in 2024?

    The projected market value of the India Open IoT Platform Market in 2024 is expected to be 672.5 million USD.

    What is the expected market value of the India Open IoT Platform Market by 2035?

    By 2035, the India Open IoT Platform Market is expected to reach a value of 3,380.0 million USD.

    What is the forecasted CAGR for the India Open IoT Platform Market from 2025 to 2035?

    The expected CAGR for the India Open IoT Platform Market from 2025 to 2035 is 15.81%.

    Which deployment model is projected to dominate the market in 2035?

    The cloud-based deployment model is projected to dominate the market with a value of 1,500.0 million USD in 2035.

    What is the value of the hybrid deployment model in the India Open IoT Platform Market for 2024?

    The hybrid deployment model is valued at 172.5 million USD in the India Open IoT Platform Market for the year 2024.

    Who are the major players in the India Open IoT Platform Market?

    Key players in the market include Oracle, Microsoft, Amazon Web Services, and Tech Mahindra among others.

    What is the expected market value for the on-premises model in 2035?

    The on-premises model is expected to reach a market value of 1,000.0 million USD by the year 2035.

    What are the anticipated growth drivers for the India Open IoT Platform Market?

    Anticipated growth drivers include increasing adoption of smart devices and enhanced connectivity solutions.

    How will emerging technologies impact the India Open IoT Platform Market?

    Emerging technologies are expected to enhance interoperability and drive innovation in the India Open IoT Platform Market.

    What challenges does the India Open IoT Platform Market face?

    Challenges include data security concerns and the need for standardization in IoT protocols.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. India
    59. Open IoT Platform Market, BY Deployment Model (USD Million)
    60. Cloud-based
    61. On-premises
    62. Hybrid
    63. India
    64. Open IoT Platform Market, BY Application (USD Million)
    65. Smart
    66. Cities
    67. Industrial Automation
    68. Healthcare
    69. Agriculture
    70. India
    71. Open IoT Platform Market, BY End Use Industry (USD Million)
    72. Retail
    73. Manufacturing
    74. Transportation
    75. Energy
    76. and Utilities
    77. India Open IoT
    78. Platform Market, BY Component (USD Million)
    79. Platform
    80. Software
    81. Services
    82. Competitive Landscape
    83. Overview
    84. Competitive
    85. Analysis
    86. Market share Analysis
    87. Major
    88. Growth Strategy in the Open IoT Platform Market
    89. Competitive
    90. Benchmarking
    91. Leading Players in Terms of Number of Developments
    92. in the Open IoT Platform Market
    93. Key developments and
    94. growth strategies
    95. New Product Launch/Service Deployment
    96. Merger
    97. & Acquisitions
    98. Joint Ventures
    99. Major
    100. Players Financial Matrix
    101. Sales and Operating Income
    102. Major
    103. Players R&D Expenditure. 2023
    104. Company
    105. Profiles
    106. Oracle
    107. Financial
    108. Overview
    109. Products Offered
    110. Key
    111. Developments
    112. SWOT Analysis
    113. Key
    114. Strategies
    115. Tech Mahindra
    116. Financial
    117. Overview
    118. Products Offered
    119. Key
    120. Developments
    121. SWOT Analysis
    122. Key
    123. Strategies
    124. HCL Technologies
    125. Financial
    126. Overview
    127. Products Offered
    128. Key
    129. Developments
    130. SWOT Analysis
    131. Key
    132. Strategies
    133. Wipro
    134. Financial
    135. Overview
    136. Products Offered
    137. Key
    138. Developments
    139. SWOT Analysis
    140. Key
    141. Strategies
    142. Microsoft
    143. Financial
    144. Overview
    145. Products Offered
    146. Key
    147. Developments
    148. SWOT Analysis
    149. Key
    150. Strategies
    151. Siemens
    152. Financial
    153. Overview
    154. Products Offered
    155. Key
    156. Developments
    157. SWOT Analysis
    158. Key
    159. Strategies
    160. SAP
    161. Financial
    162. Overview
    163. Products Offered
    164. Key
    165. Developments
    166. SWOT Analysis
    167. Key
    168. Strategies
    169. Bosch
    170. Financial
    171. Overview
    172. Products Offered
    173. Key
    174. Developments
    175. SWOT Analysis
    176. Key
    177. Strategies
    178. Amazon Web Services
    179. Financial
    180. Overview
    181. Products Offered
    182. Key
    183. Developments
    184. SWOT Analysis
    185. Key
    186. Strategies
    187. Tata Consultancy Services
    188. Financial
    189. Overview
    190. Products Offered
    191. Key
    192. Developments
    193. SWOT Analysis
    194. Key
    195. Strategies
    196. Infosys
    197. Financial
    198. Overview
    199. Products Offered
    200. Key
    201. Developments
    202. SWOT Analysis
    203. Key
    204. Strategies
    205. Google
    206. Financial
    207. Overview
    208. Products Offered
    209. Key
    210. Developments
    211. SWOT Analysis
    212. Key
    213. Strategies
    214. Cisco Systems
    215. Financial
    216. Overview
    217. Products Offered
    218. Key
    219. Developments
    220. SWOT Analysis
    221. Key
    222. Strategies
    223. IBM
    224. Financial
    225. Overview
    226. Products Offered
    227. Key
    228. Developments
    229. SWOT Analysis
    230. Key
    231. Strategies
    232. Accenture
    233. Financial
    234. Overview
    235. Products Offered
    236. Key
    237. Developments
    238. SWOT Analysis
    239. Key
    240. Strategies
    241. References
    242. Related
    243. Reports
    244. LIST
    245. OF ASSUMPTIONS
    246. India Open IoT Platform Market SIZE ESTIMATES
    247. & FORECAST, BY DEPLOYMENT MODEL, 2019-2035 (USD Billions)
    248. India
    249. Open IoT Platform Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035
    250. (USD Billions)
    251. India Open IoT Platform Market SIZE ESTIMATES
    252. & FORECAST, BY END USE INDUSTRY, 2019-2035 (USD Billions)
    253. India
    254. Open IoT Platform Market SIZE ESTIMATES & FORECAST, BY COMPONENT, 2019-2035
    255. (USD Billions)
    256. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    257. ACQUISITION/PARTNERSHIP
    258. LIST
    259. Of figures
    260. MARKET SYNOPSIS
    261. INDIA
    262. OPEN IOT PLATFORM MARKET ANALYSIS BY DEPLOYMENT MODEL
    263. INDIA
    264. OPEN IOT PLATFORM MARKET ANALYSIS BY APPLICATION
    265. INDIA
    266. OPEN IOT PLATFORM MARKET ANALYSIS BY END USE INDUSTRY
    267. INDIA
    268. OPEN IOT PLATFORM MARKET ANALYSIS BY COMPONENT
    269. KEY BUYING
    270. CRITERIA OF OPEN IOT PLATFORM MARKET
    271. RESEARCH PROCESS
    272. OF MRFR
    273. DRO ANALYSIS OF OPEN IOT PLATFORM MARKET
    274. DRIVERS
    275. IMPACT ANALYSIS: OPEN IOT PLATFORM MARKET
    276. RESTRAINTS
    277. IMPACT ANALYSIS: OPEN IOT PLATFORM MARKET
    278. SUPPLY / VALUE
    279. CHAIN: OPEN IOT PLATFORM MARKET
    280. OPEN IOT PLATFORM MARKET,
    281. BY DEPLOYMENT MODEL, 2025 (% SHARE)
    282. OPEN IOT PLATFORM
    283. MARKET, BY DEPLOYMENT MODEL, 2019 TO 2035 (USD Billions)
    284. OPEN
    285. IOT PLATFORM MARKET, BY APPLICATION, 2025 (% SHARE)
    286. OPEN
    287. IOT PLATFORM MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    288. OPEN
    289. IOT PLATFORM MARKET, BY END USE INDUSTRY, 2025 (% SHARE)
    290. OPEN
    291. IOT PLATFORM MARKET, BY END USE INDUSTRY, 2019 TO 2035 (USD Billions)
    292. OPEN
    293. IOT PLATFORM MARKET, BY COMPONENT, 2025 (% SHARE)
    294. OPEN
    295. IOT PLATFORM MARKET, BY COMPONENT, 2019 TO 2035 (USD Billions)
    296. BENCHMARKING
    297. OF MAJOR COMPETITORS

    India Open IoT Platform Market Segmentation

     

     

     

    • Open IoT Platform Market By Deployment Model (USD Million, 2019-2035)

      • Cloud-based
      • On-premises
      • Hybrid

     

    • Open IoT Platform Market By Application (USD Million, 2019-2035)

      • Smart Cities
      • Industrial Automation
      • Healthcare
      • Agriculture

     

    • Open IoT Platform Market By End Use Industry (USD Million, 2019-2035)

      • Retail
      • Manufacturing
      • Transportation
      • Energy and Utilities

     

    • Open IoT Platform Market By Component (USD Million, 2019-2035)

      • Platform
      • Software
      • Services

     

     

     

     

     

     

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