IoT & Connected Devices: Instrumenting Industry and Homes

Overview

The Internet of Things connects physical assets - machines, meters, vehicles, appliances - to networks and analytics, enabling monitoring, automation and predictive maintenance. In India, industrial IoT, smart metering, connected mobility and smart-home devices are the largest demand pools. Government smart-metering and smart-city programmes provide a sizeable anchor.

Value in IoT is shifting from hardware toward connectivity, platforms and data analytics, where recurring revenue and stickiness are higher. 5G, cheaper sensors and edge computing are expanding feasible use cases. Interoperability, security and data-management remain practical challenges to scaled deployment.

The opportunity is broad but fragmented; monetisation depends on moving up the stack from device sales to platform and analytics subscriptions. Enterprise and utility deployments offer the most durable demand.

Key Players

Investment Outlook

IoT offers broad structural demand, with the most durable returns accruing to platform and analytics layers rather than commodity hardware. We favour players with recurring connectivity or software revenue and strong utility or industrial anchors.

All figures are indicative and for information only - not investment advice or a recommendation. Market sizes, growth rates and financial metrics are hedged estimates that vary by source and period. Please consult your advisor before investing.