India IoT Security Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

India IoT Security Market Growth

In 2015, the Indian government introduced the Smart City Mission to promote economic growth and improve the quality of life for people. Nearly 25 cities have completed over 50% of the projects planned under the mission, with Kakinada (720%), Devanagere (433.30%), Belagavi (414.90%), New Town (410%), and Lucknow (366.70%) leading the performance estimates. A key component of this plan is establishing Integrated Command and Control Centres for managing and monitoring various services, systems, and public infrastructure facilities in a single platform. This is expected to increase the India IoT security market value over the forecast period.

The Indian agricultural sector accounts for over 20% of its GDP growth. A fully developed ecosystem of agtech solutions can increase the incomes of Indian farmers by nearly 25%-35% and contribute a value of USD 95 billion to the domestic economy. Agtech can substantially boost crop productivity while reducing input costs. It can also enhance price realisation for crops. During 2013-2020, the number of agtech startups surged from 50 to 1,000, driven by rising internet penetration and increasing farmer awareness regarding agtech solutions. The increasing adoption of agtech in India’s farming sector is expected to accelerate the demand for IoT security services in the country, thereby driving the India IoT security market development.

Key Trends and Developments

India IoT Security Market Trends

In 2023, nearly 83% of all Indian organisations experienced a cyberattack while only 24% of all Indian organisations have the necessary capabilities and resources for tackling cyberattacks. As per the India IoT security market analysis, over 30% of all companies are still in their first stage of planning and implanting cybersecurity measures. This is expected to increase the demand for IoT security solutions over the forecast period.

India IoT Security Industry Segmentation

India IoT Security Market Share

Based on region, the market is segmented into North India, East and Central India, West India, and South India. North India is projected to dominate the market, representing 30% of the overall market share. Over the forecast period, West India is expected to witness the fastest growth rate in the demand for IoT security solutions, growing at a CAGR of 27.1% due to the increasing government investments towards expanding healthcare accessibility, and rapid economic digitalisation. The shift towards boosting the reach of digital payments in remote areas is also expected to lead to market expansion.

Leading Companies in the India IoT Security Market

Major players are providing cloud based IoT security solutions to large organisations and SMEs for capturing a stronger India IoT security market share.

Cisco Systems Inc.

Cisco Systems Inc. is an American software development company which is based in California, United States. It was established in 1984 and specialises in manufacturing and selling high-tech services and products, such as networking hardware solutions.

Infineon Technologies AG

Infineon Technologies AG was established in April 1999 and is based in Germany. As per the India IoT...

IBM Corporation

IBM Corporation is a multinational company which was founded in June 1911 and is based in New York, ...

Sophos Ltd.

Sophos Ltd. is a UK-based software development company which was established in 1985. It is headquar...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the India IoT security market report are Broadcom Inc., Intel Corp., HP Inc., Trend Micro Inc., AT&T Inc., Palo Alto Networks Inc., and Thales S.A. (Gemalto), among others.