IoT market size in India 2016-2024
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.