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The India Internet of Things market size reached US$ 1.0 Billion in 2022 and is expected to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 14.23% during 2023-2028. The increasing demand for automation and digitalization across numerous industries, the growing adoption of smart devices and connected technologies, the rising trend of connected homes and buildings, and the emergence of new technologies such as 5G networks and edge computing are driving the IoT market in India.
