IoT Integration Market by Service (Device & Platform Management, System Design & Architecture, Network Management, Advisory Services), Application (Smart Building & Home Automation, Smart Healthcare) and Region - Global Forecast to 2028
The IoT integration market size is expected to grow from USD 3.2 billion in 2023 to USD 12.1 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 30.8% during the forecast period. IoT devices enable performing multiple functions faster in real-time due to their high computational power. The increasing adoption of IoT devices increases the need for integration services globally. The insights obtained after data analysis are important in improving business functions. IoT integration enables the convergence of physical and digital worlds, opening up new possibilities for automation, data-driven insights, and enhanced user experiences across various sectors.
Among service type, Device and Platform Management Services to hold the highest market share during the forecast period
Device and platform management services are integral components of the IoT integration market, focusing on the efficient and effective operation of IoT devices and the platforms that support them. The need to ensure seamless functioning and minimize disruptions will drive the segment's growth.
Among service type, Application Management Services hold the second highest market share during the forecast period
Application management services are instrumental in addressing the data retrieved from connected devices over networks and hosting applications. They also offer additional services, such as remote device management; data storage, monitoring, sharing, and management; and analytics. The application management services in the IoT integration market are driven by the need for optimized user experiences, security, scalability, and innovation.
Among regions, Asia Pacific is to hold a higher CAGR during the forecast period
The growth of the IoT integration market in Asia Pacific is highly driven by the rapid digitalization of enterprises across the region. Also, in Asia Pacific, smart city initiatives are particularly prominent, with governments and cities implementing IoT technologies to improve infrastructure, transportation, energy management, and public services will drive the market across the region.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the IoT integration market.
By Company: Tier I: 62%, Tier II: 23%, and Tier III: 15%
By Designation: C-Level Executives: 38%, Directors: 30%, and others: 32%
By Region: North America: 40%, Europe: 15%, Asia Pacific: 35%, Middle East and Africa: 5%, Latin America: 5%
The report includes the study of key players offering IoT integration solutions and services. It profiles major vendors in the global IoT integration market. The major vendors in the global IoT integration market include TCS Limited (India), Wipro Limited (India), Atos SE (France), Accenture (Ireland), Fujitsu Ltd. (Japan), Infosys Limited (India), Capgemini (France), HCL Technologies Limited (India), Tech Mahindra Limited (India), DXC Technology (US), IBM Corporation (US), Cognizant (US), NTT Data Corporation (Japan), Dell EMC (US), Deloitte (US), Salesforce (US), Allerin Tech Pvt Ltd (India), Softdel (US), Phitomas (Malaysia), eInfochips (US), Timesys Corporation (US), Tibbo Systems (Taiwan), Aeris (US), Macrosoft Inc. (US), Damco (US) and Meshed (Australia).
Research Coverage
The market study covers the IoT integration market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as service, organization size, application, and region. It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report would help the market leaders and new entrants in the following ways:
It comprehensively segments the connected toys market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
It would help stakeholders understand the market's pulse and provide information on the key market drivers, restraints, challenges, and opportunities.
It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape includes a competitor ecosystem, new service developments, partnerships, and mergers and acquisitions.
The report provides insights on the following pointers:
Analysis of key drivers (Proliferation of connected devices to encourage BYOD and remote workplace management, Development of wireless technologies, Need to increase operational efficiency, Maturing partner agreements of IoT vendors, Emergence of IPv6 ) restraints (Lack of standardization in IoT protocols) opportunities (Growing need to align management strategies with organizations' strategic initiatives, Need for reduced downtime and increased operational efficiency, Increasing demand for automation in business processes, Increasing adoption of iPaaS) challenges (Data security and privacy concerns, Lack of skills and expertise) influencing the growth of the connected toys. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in IoT integration market. Market Development: Comprehensive information about lucrative markets - the report analyses the IoT integration market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IoT integration market. Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players TCS Limited (India), Wipro Limited (India), Atos SE (France), Accenture (Ireland), Fujitsu Ltd. (Japan), Infosys Limited (India), Capgemini (France), HCL Technologies Limited (India), Tech Mahindra Limited (India), DXC Technology (US), IBM Corporation (US), Cognizant (US), NTT Data Corporation (Japan), Dell EMC (US), Deloitte (US), Salesforce (US), Allerin Tech Pvt Ltd (India), Softdel (US), Phitomas (Malaysia), eInfochips (US), Timesys Corporation (US), Tibbo Systems (Taiwan), Aeris (US), Macrosoft Inc. (US), Damco (US) and Meshed (Australia).
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 GEOGRAPHICAL SCOPE
1.3.3 INCLUSIONS & EXCLUSIONS
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2020-2022
1.5 SUMMARY OF CHANGES
1.6 STAKEHOLDERS
1.7 LIMITATIONS
1.8 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 GLOBAL IOT INTEGRATION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
FIGURE 2 BREAKDOWN OF PRIMARIES: BY COMPANY, DESIGNATION, AND REGION
TABLE 129 REST OF LATIN AMERICA: IOT INTEGRATION MARKET, BY SERVICE, 2018-2022 (USD MILLION)
TABLE 130 REST OF LATIN AMERICA: IOT INTEGRATION MARKET, BY SERVICE, 2023-2028 (USD MILLION)
TABLE 131 REST OF LATIN AMERICA: IOT INTEGRATION MARKET, BY APPLICATION, 2018-2022 (USD MILLION)
TABLE 132 REST OF LATIN AMERICA: IOT INTEGRATION MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
9 COMPETITIVE LANDSCAPE
9.1 INTRODUCTION
9.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 133 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN IOT INTEGRATION MARKET
9.3 MARKET SHARE ANALYSIS OF TOP PLAYERS
TABLE 134 IOT INTEGRATION MARKET: DEGREE OF COMPETITION
9.4 HISTORICAL REVENUE ANALYSIS
FIGURE 23 HISTORICAL THREE-YEAR REVENUE ANALYSIS OF LEADING PLAYERS, 2019-2021 (USD MILLION)
9.5 MARKET RANKING OF KEY PLAYERS IN IOT INTEGRATION MARKET, 2023
FIGURE 24 MARKET RANKING OF KEY PLAYERS, 2023
9.6 COMPANY EVALUATION QUADRANT
9.6.1 STARS
9.6.2 EMERGING LEADERS
9.6.3 PERVASIVE PLAYERS
9.6.4 PARTICIPANTS
FIGURE 25 IOT INTEGRATION MARKET (GLOBAL), COMPANY EVALUATION MATRIX, 2023
9.7 STARTUP/SME EVALUATION MATRIX
9.7.1 PROGRESSIVE COMPANIES
9.7.2 RESPONSIVE COMPANIES
9.7.3 DYNAMIC COMPANIES
9.7.4 STARTING BLOCKS
FIGURE 26 IOT INTEGRATION MARKET (STARTUP): COMPANY EVALUATION MATRIX, 2023
9.8 COMPETITIVE SCENARIO
9.8.1 PRODUCT LAUNCHES
TABLE 135 PRODUCT LAUNCHES, 2019-2023
9.8.2 DEALS
TABLE 136 DEALS, 2020-2023
10 COMPANY PROFILES
10.1 MAJOR PLAYERS
(Business overview, Products offered, Recent developments, MnM view, Key strengths/Right to win, Strategic choices made, and Weaknesses and competitive threats)**
10.1.1 ACCENTURE
TABLE 137 ACCENTURE: BUSINESS OVERVIEW
FIGURE 27 ACCENTURE: FINANCIAL OVERVIEW
TABLE 138 ACCENTURE: PRODUCTS OFFERED
TABLE 139 ACCENTURE: DEALS
TABLE 140 ACCENTURE: OTHER DEVELOPMENTS
10.1.2 DXC TECHNOLOGY
TABLE 141 DXC TECHNOLOGY: BUSINESS OVERVIEW
FIGURE 28 DXC TECHNOLOGY: FINANCIAL OVERVIEW
TABLE 142 DXC TECHNOLOGY: PRODUCTS OFFERED
TABLE 143 DXC TECHNOLOGY: DEALS
10.1.3 DELOITTE
TABLE 144 DELOITTE: BUSINESS OVERVIEW
FIGURE 29 DELOITTE: FINANCIAL OVERVIEW
TABLE 145 DELOITTE: PRODUCTS OFFERED
TABLE 146 DELOITTE: PRODUCT LAUNCHES
TABLE 147 DELOITTE: DEALS
10.1.4 ATOS
TABLE 148 ATOS: BUSINESS OVERVIEW
FIGURE 30 ATOS: FINANCIAL OVERVIEW
TABLE 149 ATOS: PRODUCTS OFFERED
TABLE 150 ATOS: PRODUCT LAUNCHES
TABLE 151 ATOS: DEALS
10.1.5 TCS
TABLE 152 TCS: BUSINESS OVERVIEW
FIGURE 31 TCS: FINANCIAL OVERVIEW
TABLE 153 TCS: PRODUCTS OFFERED
TABLE 154 TCS: DEALS
10.1.6 WIPRO
TABLE 155 WIPRO: BUSINESS OVERVIEW
FIGURE 32 WIPRO: FINANCIAL OVERVIEW
TABLE 156 WIPRO: PRODUCTS OFFERED
TABLE 157 WIPRO: PRODUCT LAUNCHES
TABLE 158 WIPRO: DEALS
10.1.7 CAPGEMINI
TABLE 159 CAPGEMINI: BUSINESS OVERVIEW
FIGURE 33 CAPGEMINI: FINANCIAL OVERVIEW
TABLE 160 CAPGEMINI: PRODUCTS OFFERED
TABLE 161 CAPGEMINI: DEALS
10.1.8 FUJITSU
TABLE 162 FUJITSU: BUSINESS OVERVIEW
FIGURE 34 FUJITSU: FINANCIAL OVERVIEW
TABLE 163 FUJITSU: PRODUCTS OFFERED
TABLE 164 FUJITSU: PRODUCT LAUNCHES
10.1.9 IBM
TABLE 165 IBM: BUSINESS OVERVIEW
FIGURE 35 IBM: FINANCIAL OVERVIEW
TABLE 166 IBM: PRODUCTS OFFERED
TABLE 167 IBM: DEALS
10.1.10 COGNIZANT
TABLE 168 COGNIZANT: BUSINESS OVERVIEW
FIGURE 36 COGNIZANT: FINANCIAL OVERVIEW
TABLE 169 COGNIZANT: PRODUCTS OFFERED
TABLE 170 COGNIZANT: DEALS
10.1.11 SALESFORCE
TABLE 171 SALESFORCE: BUSINESS OVERVIEW
FIGURE 37 SALESFORCE: FINANCIAL OVERVIEW
TABLE 172 SALESFORCE: PRODUCTS OFFERED
TABLE 173 SALESFORCE: DEALS
10.1.12 NTT DATA
TABLE 174 NTT DATA: BUSINESS OVERVIEW
FIGURE 38 NTT DATA: FINANCIAL OVERVIEW
TABLE 175 NTT DATA: PRODUCTS OFFERED
TABLE 176 NTT DATA: DEALS
10.1.13 INFOSYS
10.1.14 HCL
10.1.15 TECH MAHINDRA
10.1.16 DELL EMC
10.1.17 DAMCO
10.2 STARTUPS/SMES
10.2.1 ALLERIN
10.2.2 SOFTDEL
10.2.3 PHITOMAS
10.2.4 EINFOCHIPS
10.2.5 TIMESYS
10.2.6 TIBBO
10.2.7 AERIS
10.2.8 MACROSOFT
10.2.9 MESHED
*Details on Business overview, Products offered, Recent developments, MnM view, Key strengths/Right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.