The IoT industry has become one of the fastest-growing pillars of India’s digital transformation, and future forecasts further reinforce its massive potential. Driven by advances in connectivity, automation, and real-time data capabilities, IoT continues to reshape the operational landscape of both businesses and consumers. The IoT Industry IoT Industry forecasts highlights strong momentum for the coming decade as digital ecosystems expand rapidly across the country.

According to MRFR, the India Internet of Things Market Size reached USD 49.04 billion in 2024 and is projected to rise sharply to USD 351.27 billion by 2035, achieving 19.6% CAGR. This long-term growth outlook is driven by several structural shifts taking place in India’s technology landscape.

One of the biggest drivers in future forecasts is the widespread adoption of IoT across major industry verticals. Manufacturing is expected to lead the next phase of IoT-driven industrial automation, powered by predictive maintenance, smart robotics, and real-time monitoring. The agriculture sector is forecasted to adopt more IoT-enabled irrigation systems, soil health sensors, drone-based monitoring, and yield forecasting solutions to meet rising food demand efficiently.

Healthcare IoT is also expected to grow at a rapid pace. Remote patient monitoring, connected medical devices, telehealth systems, and automated diagnostics are projected to expand significantly, especially as digital healthcare adoption increases post-pandemic. IoT will also support smart hospitals that rely on automation for workflow optimization and asset tracking.

The smart home ecosystem is forecasted to become mainstream in India. Consumers are showing increasing interest in connected appliances, smart lighting, home security devices, and energy automation systems. Affordable sensors and improving Wi-Fi availability will accelerate this trend.

Forecasts also show that India’s logistics and transport industry will integrate IoT further for fleet management, smart tracking, intelligent route planning, and connected mobility solutions. IoT-driven supply chain systems will help businesses increase efficiency, reduce losses, and improve productivity.

5G will be a major catalyst for future IoT growth. Ultra-low latency and high-speed connectivity will enable next-generation applications such as autonomous vehicles, AR/VR-powered IoT systems, smart factories, and real-time automation.

Security enhancements are also forecasted to expand. With increased IoT adoption, cybersecurity investments will rise to protect device ecosystems, networks, and data flows. Blockchain, AI-based threat detection, and biometric authentication will become essential features of connected systems.

IoT forecasts also indicate major opportunities for startups and technology innovators. India’s strong digital talent pool, combined with government support, will lead to the creation of more indigenous IoT hardware, platforms, and AI-driven applications.

Overall, the long-term forecasts for India’s IoT industry show strong, sustained growth driven by innovation, digital adoption, and economic modernization.

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