More than 800 companies in India claim to provide IoT as an offering to their customers. This includes a large number of companies into IoT products (mostly wearable & Home automation) and a small chunk offering enterprise IoT services.
This is an increase of more than 50% from last year when India housed around 500 IoT companies.
The number of IoT companies in India is still very few in number, compared to the strength of IoT companies around the globe. In fact, India accounts for just 7% of global IoT companies.
On an average, Indian IoT companies have 49 employees on their payroll.
On a global scale, this is quite a good number, as IoT companies across the world employ an average of 37 employees.
Almost 82% of IoT companies in India have less than 50 employees compared to 87% on a global level.
Around 36% IoT organizations in India saw a decline in headcount last year. The decrease in headcount may not be indicative of an overall decline in growth but can be due to operational reasons including attrition etc.
10% IoT organization did not see any growth
44% organization saw a headcount growth of less than 25%.
Being the IT hub of India, Bangalore undoubtedly continues to house the most number of IoT firms in India, i.e. almost 36%.
Pune follows it at a distant 15% and Hyderabad at 10% IoT companies.
Pune surprisingly has a larger share of IoT companies than other cities, owing to the city being home to some solid manufacturing base.
Delhi, Mumbai & Gurgaon are far behind with their percentages of IoT companies in single digits as reflected in the graphs below.
Compared to a year back, the share of IoT companies has remained almost the same, except:
Chennai saw an increase in % share of IoT companies, from 7% in 2016 10% in 2017.
Gurgaon saw a decline, from 8% to 6% this year.
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