HOME Top Market Reports Internet of Things (IoT) Integration Market by Service (Device and Platform Management, System Design and Architecture, Advisory Services), Organization Size, Application Area (Smart Healthcare, Smart Retail), and Region - Global Forecast to 2022

Internet of Things (IoT) Integration Market by Service (Device and Platform Management, System Design and Architecture, Advisory Services), Organization Size, Application Area (Smart Healthcare, Smart Retail), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: TC 5388

 

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The IoT integration market size is expected to grow from USD 759.5 Million in 2017 to USD 3,301.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 34.2%.

Objectives of the Study:

The main objective of the report is to define, describe, and forecast the IoT integration market size on the basis of service, organization size, application area, and region. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report attempts to forecast the market size with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key market players and comprehensively analyzes their core competencies. The report also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, and new product developments, in the IoT integration market.

The research methodology used to estimate and forecast the IoT integration market size begins with collection and analysis of data on the key vendor revenues through secondary sources, including annual reports and press releases, investor presentations, conferences and associations (Integrate 2016, IoT Summit, IoT aaS 2017–EAI International Conference on IoT as a service, IoT solutions world congress, EAI: Conference on Interoperability in IoT), technology journals, certified publications, articles from recognized authors, directories, and databases. The vendor offerings have also been taken into consideration to determine the market segmentations. The bottom-up procedure was employed to arrive at the overall market size of the IoT integration services market from the revenue of the key players and their market shares. The IoT integration services market spending across all regions along with the geographical split in various verticals was considered to arrive at the overall market size. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of the primary participants is depicted in the below figure:

Internet of Things (IoT) Integration Services Market

To know about the assumptions considered for the study, download the pdf brochure

The IoT integration market includes various vendors providing IoT integration to commercial clients across globe. Companies such as Cognizant (US), Infosys (India), HCL Technologies (India), Capgemini (France), TCS (India), Wipro (India), Atos SE (France), Intel Corporation (US), MuleSoft (US), SoftDEL (US), Phitomas (Malaysia), Meshed (Australia), and Allerin (US) have adopted partnerships, agreements, and collaborations as the key strategies to enhance their market reach.

Key Target Audience

  • IoT platform providers
  • IoT integration service providers
  • Managed service providers
  • Communication service providers
  • Application providers
  • Network-as-a-Service (NaaS) providers
  • Third-party system integrators
  • Hardware vendors
  • Regulatory agencies
  • Governments

The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.

Scope of the Report

The research report segments the IoT integration market into the following submarkets:

By Service:

  • Device and platform management services
  • Application management services
  • Advisory services
  • System design and architecture services
  • Testing services
  • Service provisioning and directory management services
  • Third party API management services
  • Database and block storage management services
  • Network protocol management services
  • Infrastructure and workload management services

By Organization Size:

  • Small and Medium-Sized Enterprises (SMEs)
  • Large Enterprises

By Application Area:

  • Smart building and home automation
  • Smart healthcare
  • Energy and utilities
  • Industrial manufacturing and automation
  • Smart retail
  • Smart transportation, logistics, and telematics

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American market into the US and Canada
  • Further breakdown of the European market into the UK, Germany, and France

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Market Opportunities in the IoT Integration Market
    4.2 IoT Integration Market: Top 3 Growing Integration Service
    4.3 Market, By Service and Region, 2017
    4.4 Market, By Region, 2017 vs 2022
    4.5 Best Markets to Invest (2017–2022)
    4.6 Lifecycle Analysis, By Region

5 Market Overview and Industry Trends (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growth of Byod and Remote Workplace Management
                    5.2.1.2 Need for Data Consistency
                    5.2.1.3 Increase in Regulatory Compliance and Regulations
                    5.2.1.4 Increased Traction for Risk Mitigation
                    5.2.1.5 Maturing Partner Agreements of IoT Vendors
           5.2.2 Restraints
                    5.2.2.1 Data Security and Privacy Concerns
                    5.2.2.2 Lack of Standards for Interconnectivity and Interoperability
           5.2.3 Opportunities
                    5.2.3.1 Rise in Adoption of Ipaas
                    5.2.3.2 Aligning Management Strategy With Organizational Strategic Initiative
                    5.2.3.3 API Approach for Integration
           5.2.4 Challenges
                    5.2.4.1 Lack of A Synchronized and Uniform Revenue Monetization Model
                    5.2.4.2 Dynamic Pricing Model Across Fractured Market
    5.3 Strategic Benchmarking

6 IoT Integration Market Analysis, By Service (Page No. - 37)
    6.1 Introduction
    6.2 Device and Platform Management Services
    6.3 Application Management Services
    6.4 Advisory Services
    6.5 System Design and Architecture Services
    6.6 Testing Services
    6.7 Service Provisioning and Directory Management Services
    6.8 Third Party API Management Services
    6.9 Database and Block Storage Management Services
    6.10 Network Protocol Management Services
    6.11 Infrastructure and Workload Management Services

7 IoT Integration Market Analysis, By Organization Size (Page No. - 49)
    7.1 Introduction
    7.2 Small and Medium-Sized Enterprises
    7.3 Large Enterprises

8 IoT Integration Market Analysis, By Application Area (Page No. - 53)
    8.1 Introduction
    8.2 Smart Building and Home Automation
    8.3 Smart Healthcare
    8.4 Energy and Utilities
    8.5 Industrial Manufacturing and Automation
    8.6 Smart Retail
    8.7 Smart Transportation, Logistics, and Telematics

9 Geographic Analysis (Page No. - 62)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia Pacific
    9.5 Middle East and Africa
    9.6 Latin America

10 Competitive Landscape (Page No. - 79)

11 Company Profiles (Page No. - 80)
(Business Overview)*
     11.1 Tata Consultancy Services Limited
     11.2 Wipro Limited
     11.3 ATOS SE
     11.4 Accenture PLC
     11.5 Fujitsu Ltd.
     11.6 Infosys Limited
     11.7 Capgemini SE
     11.8 HCL Technologies Limited
     11.9 Tech Mahindra Limited
     11.10 Intel Corporation
     11.11 DXC Technology
     11.12 International Business Machines Corporation
     11.13 Cognizant Technology Solutions Corporation
     11.14 NTT Data Corporation
     11.15 Dell Technologies, Inc.
     11.16 Deloitte Touche Tohmatsu Limited
     11.17 Mulesoft, Inc.
     11.18 Allerin Tech Pvt. Ltd
     11.19 Softdel
     11.20 Phitomas
     11.21 Einfochips
     11.22 Meshed
     11.23 Tibbo Systems
     11.24 Aeris
     11.25 Ayla Networks
     11.26 Smartbear Software

*Details on Business Overview Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 119)
     12.1 Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (39 Tables)

Table 1 IoT Integration Market Size and Growth Rate, 2017–2022 (USD Million, Y-O-Y %)
Table 2 IoT Integration Market Size, By Service, 2015–2022 (USD Million)
Table 3 Device and Platform Management Services: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Application Management Services: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Advisory Services: Market Size, By Region, 2015–2022 (USD Million)
Table 6 System Design and Architecture Services: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Testing Services: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Service Provisioning and Directory Management Services: Market Size, By Region, 2015–2022 (USD Million)
Table 9 Third Party API Management Services: IoT Integration Market Size, By Region, 2015–2022 (USD Million)
Table 10 Database and Block Storage Management Services: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Network Protocol Management Services: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Infrastructure and Workload Management Services: Market Size, By Region, 2015–2022 (USD Million)
Table 13 IoT Integration Market Size, By Organization Size, 2015–2022 (USD Million)
Table 14 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 15 Large Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 16 IoT Integration Market Size, By Application Area, 2015–2022 (USD Million)
Table 17 Smart Building and Home Automation: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Smart Healthcare: Market Size, By Region, 2015–2022 (USD Million)
Table 19 Energy and Utilities: Market Size, By Region, 2015–2022 (USD Million)
Table 20 Industrial Manufacturing and Automation: Market Size, By Region, 2015–2022 (USD Million)
Table 21 Smart Retail: Market Size, By Region, 2015–2022 (USD Million)
Table 22 Smart Transportation, Logistics, and Telematics: Market Size, By Region, 2015–2022 (USD Million)
Table 23 Asia Pacific is Expected to Exhibit the Highest CAGR in the Market During the Forecast Period
Table 24 IoT Integration Market Size, By Region, 2015–2022 (USD Million)
Table 25 North America: IoT Integration Market Size, By Service, 2015–2022 (USD Million)
Table 26 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 27 North America: Market Size, By Application Area, 2015–2022 (USD Million)
Table 28 Europe: IoT Integration Market Size, By Service, 2015–2022 (USD Million)
Table 29 Europe: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 30 Europe: Market Size, By Application Area, 2015–2022 (USD Million)
Table 31 Asia Pacific: IoT Integration Market Size, By Service, 2015–2022 (USD Million)
Table 32 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 33 Asia Pacific: Market Size, By Application Area, 2015–2022 (USD Million)
Table 34 Middle East and Africa: IoT Integration Market Size, By Service, 2015–2022 (USD Million)
Table 35 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 36 Middle East and Africa: Market Size, By Application Area, 2015–2022 (USD Million)
Table 37 Latin America: IoT Integration Market Size, By Service, 2015–2022 (USD Million)
Table 38 Latin America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 39 Latin America: Market Size, By Application Area, 2015–2022 (USD Million)


List of Figures (43 Figures)

Figure 1 IoT Integration Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 IoT Integration Market Snapshot: Device and Platform Management Services Segment is Expected to Dominate the IoT Integration Market During the Forecast Period (2017–2022)
Figure 7 IoT Integration Market Regional Snapshot: North America Market is Expected to Grow Fourfold During the Forecast Period
Figure 8 North America is Estimated to Hold the Largest Market Share in 2017
Figure 9 Growth of BYOD Remote Workplace Management, and Increase in Regulatory Compliance and Regulations are Driving the Market
Figure 10 System Design and Architecture, Application Management Services, and Device and Platform Management Service are Expected to Grow at Impressive Rates During the Forecast Period
Figure 11 Device and Platform Management Services Segment is Expected to Hold the Largest Market Share in the IoT Integration Market During the Forecast Period
Figure 12 North America is Expected to Hold the Largest Market Size During the Forecast Period
Figure 13 Asia Pacific is Considered as the Best Market to Invest During the Forecast Period
Figure 14 Regional Lifecycle
Figure 15 IoT Integration Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 IoT Integration Market: Strategic Benchmarking
Figure 17 Device and Platform Management Services Segment is Expected to Dominate the Market During the Forecast Period
Figure 18 North America is Expected to Have the Largest Market Size in the Device and Platform Management Services Segment During the Forecast Period
Figure 19 Asia Pacific is Expected to Grow at the Highest CAGR in the System Design and Architecture Services Segment During the Forecast Period
Figure 20 Large Enterprises Segment is Expected to Dominate the Market During the Forecast Period
Figure 21 Smart Building and Home Automation Application Area is Expected to Hold the Largest Market Size During the Forecast Period
Figure 22 North America is Expected to Dominate the Smart Building and Home Automation Application Area in the IoT Integration Market During the Forecast Period
Figure 23 Asia Pacific is Expected to Grow at the Highest CAGR in the Smart Healthcare Application Area During the Forecast Period
Figure 24 Asia Pacific is an Attractive Destination in the IoT Integration Market, 2017–2022
Figure 25 North America Market Snapshot
Figure 26 Device and Platform Management Services Segment is Expected to Exhibit the Largest Market Size in the North American Market During the Forecast Period
Figure 27 Asia Pacific Market Snapshot
Figure 28 System Design and Architecture Services Segment is Expected to Exhibit the Highest CAGR in the Asia Pacific Market During the Forecast Period
Figure 29 Smart Building and Home Automation is Expected to Exhibit the Largest Market Size in the IoT Integration Market During the Forecast Period
Figure 30 Industrial Manufacturing and Automation is Expected to Exhibit the Highest CAGR in the Latin American Market During the Forecast Period
Figure 31 Vendor Landscape Chart
Figure 32 Tata Consultancy Services: Company Snapshot
Figure 33 Wipro Limited: Company Snapshot
Figure 34 ATOS SE: Company Snapshot
Figure 35 Accenture PLC: Company Snapshot
Figure 36 Fujitsu Ltd.: Company Snapshot
Figure 37 Infosys Limited: Company Snapshot
Figure 38 Capgemini SE: Company Snapshot
Figure 39 Tech Mahindra Limited: Company Snapshot
Figure 40 Intel Corporation: Company Snapshot
Figure 41 International Business Machines Corporation: Company Snapshot
Figure 42 Cognizant Technology Solutions Corporation: Company Snapshot
Figure 43 NTT Data Corporation: Company Snapshot

MarketsandMarkets forecasts the global IoT integration  market size to grow from USD 759.5 Million in 2017 to USD 3,301.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 34.2%.

The IoT integration market is segmented on the basis of services, organization size, application areas, and regions. The services segment is segmented into device and platform management services, application management services, advisory services, system design and architecture services, testing services, service provisioning and directory management services, third party API management services, database and block storage management services, network protocol management services, and infrastructure and workload management services.

The device and platform management services segment is expected to hold the largest market share during the forecast period as these services provide connectivity, facilitate remote monitoring, and troubleshoot heterogeneous devices across diverse geographical locations. Additionally, platform management services connect, integrate, and manage the visibility across global IoT value chains. The organization size segment is categorized into Small and Medium-Sized Enterprises (SMEs) and large enterprises. The application area segment is categorized into smart building and home automation, smart healthcare, energy and utilities, industrial manufacturing and automation, smart retail, and smart transportation, logistics, and telematics.

IoT integration are offered by service providers, Communication Service Providers (CSPs), and Network-as-a-Service (NaaS) providers. IoT integration services are gaining importance as they are mandatory for integrating multiple heterogeneous components across IoT ecosystems. They also offer cohesive functionalities to streamline and exchange data among multiple IoT components and provide a unified view of the metrics and data to the relevant stakeholders.

IoT integration require a dedicated team to deploy the service blueprint across multiple IoT components as per the needs of the end-user. A strategic approach along with a strong integration strategy is essential for enabling cohesion and streamlining IoT components, since all components may not work well in isolation. The IoT integration services market is gaining traction due to the increasing adoption of smart devices and technologies that are revolutionizing and transforming electronic products, which are connected to the internet and adopted by different industries. IoT integration services decrease daily business operations and reduce operational expenses.

Internet of Things (IoT) Integration Services Market

North America is expected to hold the largest market share and dominate the IoT integration market during the forecast period. The region is witnessing a rise in the use of IoT devices across various application areas, thereby increasing the need for reliable integration services. This is one of the important factors driving the growth of the IoT integration services market in North America. Furthermore, the advent of SMEs and the start-up culture in North America is growing at a faster pace as compared to the other regions.

Asia Pacific (APAC) has witnessed advanced and dynamic adoption of new technologies and has always been a lucrative market. The region is expected to grow at the highest CAGR during the forecast period in the IoT integration services market. Countries in the APAC region are increasingly adopting IoT integration services.

Lack of standards for interconnectivity and interoperability, and data security and privacy concerns are some of the restraining factors for the IoT integration market. However, the recent developments, new product launches, and acquisitions undertaken by the major market players are boosting the growth of the market.

The study measures and evaluates the major offerings and key strategies of the major market vendors, including TCS (India), Wipro (India), Capgemini (France), Infosys (India), HCL (India), ATOS SE (France), Allerin (US), MuleSoft (US), Meshed (Australia), and Phitomas (Malaysia). These companies have been at the forefront in offering innovative IoT integration services to commercial clients across diverse geographical locations.

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