IoT Integration Market Research Report by Enterprise Size, By Application, Size Share, Growth - Forecast, 2020-2027
IoT Integration Market
The
factors driving the growth of IOT Integration Market includes emerging need for
automation in the end-use industries such as Oil and Gas, construction,
Automotive and textiles, increasing number of smart buildings and growing trend
of BYOD Culture in the organizations. According
to the report published by Bloomberg, the Global Smart Building Market is
anticipated to reach USD 108.9 billion by the end of 2025, growing at a CAGR of
10.5% over the forecast period, which is expected to boost the IoT
Integration Market size in the approaching years.
Moreover, the growing adoption of IPAAS, increasing demand for connected
devices and rising advancements in new technologies such as Artificial
Intelligence, cloud services and machine learning, are some of the additional
factors supplementing the market growth. In addition, the increasing Government
emphasis on developing energy efficient infrastructure, rapid urbanization and
rising disposable incomes are further propelling the market growth.
However, the growth of IOT Integration
Market is hindered due to difficulties in solving interoperability issues.
The major players operating in the market
are Tata Consultancy Services, Wipro Limited, Accenture plc, ATOS SE, DXC
Technology, Cognizant, Capgemini SE, Infosys Limited, IBM Corporation and
Deloitte Touche Tohmatsu Limited among others.
Service- Segment Analysis
Based on service, the device & platform
management services segment is predicted to dominate the market over the
forecast period attributed to its cost-effective features along with its
capability to manage, track and secure IoT enabled devices.
Enterprise Size- Segment Analysis
Based on enterprise size, the Large
enterprises segment is projected to capture the highest market share during the
forecast period because Large Enterprises around the world are increasingly
outsourcing their IT and network infrastructure to IoT Integration service
providers, which helps them in securing the overall infrastructure.
Regional – Segment Analysis
Based on region, the North American region
is anticipated to lead the market over the forecast period. The increasing
Government initiatives such as smart cities, rising digitalization, adoption of
advanced technologies, high disposable incomes and growing investments by
leading players on research and development are some of the important factors
augmenting the market growth in North American region.
Market Segmentation
Global IoT Integration Market by Service
·
Device & Platform Management Services
·
Application Management Services
·
Advisory Services
·
System Design & Architecture Services
·
Testing Services
·
Others
Global IoT Integration Market by Enterprise Size
·
SMEs
·
Large Enterprises
Global IoT Integration Market by Application
·
Smart Retail
·
Smart Building & Home Automation
·
Smart Healthcare
·
Energy & Utility
·
Industrial Automation
·
Smart Transportation & Logistics
Global IoT Integration Market
by Region
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of
America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
GMI
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insights and intelligence across 12 major sectors helping our clients in making
effective investment and business decisions.
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