IoT Integration Market

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

Report Code: TC 5388 Aug, 2023, by marketsandmarkets.com

[246 Pages Report] 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. A major driver of the IoT integration market is the proliferation of IoT devices across various industries as businesses sought to harness the data generated by these devices to optimize operations and make informed decisions. Also, the need to enhance operational efficiency, reduce downtime, predictive maintenance, and energy savings will drive the market.

loT Integration Market

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loT Integration Market

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IoT Integration: Market Dynamics

Driver:  Proliferation of connected devices to encourage BYOD and remote workplace management

The IoT is an ecosystem of connected physical devices accessible through the Internet. According to the latest IoT Analytics “State of IoT—Spring 2023” report there has been an 18% increase in global IoT connections in 2022, with 14.3 billion active IoT endpoints. Organizations are adopting advanced technologies like IoT, AI/ML, and cloud services to achieve successful digital transformation. However, collecting, managing, and analyzing the vast amount of data IoT devices generate efficiently is crucial. The increasing computational power of IoT devices enables them to perform multiple functions in real-time at a faster rate. The insights obtained after data analysis drive actionable steps to improve the business. As a result, the adoption rate of IoT devices is increasing globally, leading to a greater demand for integration services for these devices. 

The IoT ecosystem includes a variety of technologies and systems, ranging from sensor-powered microcontrollers to devices powered by processors and interconnected to collect and analyze data in real-time. These devices can sense and transmit a large amount of information online. Connected devices can be accessed digitally and controlled anywhere using mobiles, desktop computers, tablets, and wearables. As the demand for these connected devices increases globally, there is a growing need for IoT integration services to ensure proper functioning. To manage the increasing number of connected devices, IoT architecture is required. IoT integration services help manage device vulnerability, ensure uninterrupted communication, handle the Internet, and tackle data security risks associated with the use of connected devices.

Restraint: Lack of standardization in IoT protocols

To increase the economies at scale, greater technical standardization is required to reduce the IoT integration market’s entry barriers; hence, there is a need for a global governing body. The standards are to be carefully designed to allow innovations in the IoT integration market. Service providers often help drive large parts of the market toward an acceptable IoT communications protocol. While some preliminary protocols are becoming visible to the market, formally available protocols remain. Different applications and stakeholders have evolved different standards for IoT. The International Telecommunication Union (ITU) has created an Internet of Things Global Standard Initiative (IoT-GSI) to develop a standard for IoT on a global scale. The European Commission has also created many European standard bodies for IoT-specific standards, such as European Telecommunications Standards Institute (ETSI), European Committee for Standardization (CEN), and European Committee for Electro-Technical Standardization (CENELEC). These bodies develop policies referring to European standard regulations and directives.

Opportunity: Increasing adoption of iPaaS

Integration Platform as a Service (iPaaS) is a hosted service offering wherein a third-party provider delivers infrastructure and middleware to manage, develop, and integrate data and applications. iPaaS is a suite of cloud services that enables the development, execution, and governance of integration flow, connecting any combination of on-premises and cloud-based processes, services, applications, and data within individual organizations or across multiple organizations. The adoption of iPaaS by IoT integration service providers would help them to scale up IoT projects and deliver more complex integrations. IoT projects are expected to grow in complexity and involve integration with multiple applications and databases as well as more complex Application Programming Interface (API) management, thus providing ample growth opportunities for IoT integration service providers

Challenge: Data security and privacy concerns

The IoT integration market has significant growth potential for enterprises across all verticals; however, maintaining data security and privacy is a key challenge players face. The installed smart devices and sensors continuously generate a huge amount of data; this is expected to help organizations handling data gain insights into the market position of their competitors. As the popularity of IoT integration services spreads, enterprises demand better security and privacy protections. With the increase in the number of IoT-integrated systems, several security and privacy issues will arise, and every endpoint, gateway, sensor, and smartphone will become a potential target for hackers. The most dangerous part of the IoT ecosystem is that enterprises surrender their privacy, bit by bit, without realizing it, because they are unaware of what data is being collected and how it is being used. There is a dire need for IoT security and privacy protection among enterprises, as some devices used in the IoT ecosystem have extremely limited memory, processing capacity, and battery power; consequently, classical IT security mechanisms are often inadequate to cope with the unique security situations that arise. Most IoT-enabled devices are connected to various connectivity networks, such as mobile connectivity, public Wireless-Fidelity (Wi-Fi), and office Wide Area Networks (WANs). Public networks may not be as protected as they are required to be at an enterprise level

Market Ecosystem

loT Integration Market

Smart healthcare application segment is expected to account for a higher CAGR during the forecast period

Smart healthcare refers to integrating advanced technologies, data analytics, and interconnected devices within the healthcare industry to create more efficient, patient-centric, and data-driven healthcare systems. The driving force behind the adoption of IoT integration in smart healthcare is the pursuit of improved patient outcomes and experiences by providing healthcare professionals with real-time insights into patients' conditions, enabling remote monitoring and diagnostics, and enhancing data-driven decision-making. IoT integration empowers healthcare systems to deliver more personalized, proactive, and efficient care.

System Design and Architecture segment is expected to account for a higher CAGR during the forecast period.

System device and architecture services involve planning and designing the overall structure of an IoT system. This includes determining the arrangement of devices, data flows, communication protocols, and interaction patterns. As IoT networks expand, they must accommodate a growing number of devices and data sources. Scalable architectures and properly integrated devices are essential to support this growth.

loT Integration Market Size, and Share

North America to account for the largest market share during the forecast period

North America is estimated to hold the largest share of the overall IoT integration market. Organizations in the region are early adopters of IoT integration solutions and services. The adoption of IoT integration in North America has been marked by a remarkable surge in various industries, driven by a convergence of technological innovation and strategic imperatives. Digitalization in the Industries spanning manufacturing, healthcare and smart cities have embraced IoT integration, unlocking unprecedented levels of efficacy, connectivity, and valuable insight boosting the IoT integration market in the region.

Key Market Players

The IoT integration market vendors have implemented various organic and inorganic growth strategies, such as new product launches, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions to strengthen their offerings in the market. The major vendors in the global IoT integration market 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)

The study includes an in-depth competitive analysis of these key players in the IoT integration market with their company profiles,

Recent Developments, and key market strategies.

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2028

Base year considered

2022

Forecast period

2023-2028

Forecast units

Value (USD Million/ Billion)

Segments covered

By service, application, and region

Regions covered

North America, Europe, Asia Pacific, Latin America, and Middle East and Africa

Companies covered

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).

This research report categorizes the IoT integration market to forecast revenues and analyze trends in each of the following subsegments:

By Service:
  • Device and Platform Management Services
  • Application Management Services
  • Advisory Services
  • System Design and Architecture
  • Testing Services
  • Service Provisioning and Directory Management
  • Third-party API Management Services
  • Database and Block Storage Management Services
  • Network Management Services
  • Infrastructure and Workload Management Services
By Application:
  • 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
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • MEA
    • Kingdom of Saudi Arabia
    • United Arab Emirates
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In August 2023, TCS and Lexmark, a global imaging and IoT solutions provider, entered into a partnership to transform its enterprise applications, accelerate its cloud journey, and scale up its innovation program
  • In July 2023, Accenture acquired Strongbow Consulting, a data-driven strategic advisory firm with deep expertise in helping organizations plan and execute technology transformation strategies while minimizing risk and maximizing cost savings..
  • In June 2023, DXC Technology partnered with Nokia to launch DXC Signal Private LTE and 5G Solution.
  • In May 2023, Deloitte acquired substantially all of the assets of Optimal Design Co., a leading product engineering services (PES) company specializing in the innovation and development of smart connected products and IoT devices..
  • In October 2022, Capgemini acquired Braincourt, a Germany-based firm specialized in business intelligence and data science services.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 32)
    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 (Page No. - 39)
    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
                    2.1.2.2 Primary sources
                    2.1.2.3 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION 
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 TOP-DOWN APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY, APPROACH 1: SUPPLY-SIDE ANALYSIS OF REVENUE FROM IOT INTEGRATION SERVICE PROVIDERS
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL IOT INTEGRATION SERVICES
    2.4 MARKET FORECAST 
           TABLE 2 FACTOR ANALYSIS
    2.5 ASSUMPTIONS 
    2.6 IMPLICATIONS OF RECESSION ON IOT INTEGRATION MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 7 IOT INTEGRATION MARKET, 2021–2028 
    FIGURE 8 DEVICE & PLATFORM MANAGEMENT SERVICES PROJECTED TO LEAD  MARKET DURING FORECAST PERIOD 
    FIGURE 9 SMART BUILDING & HOME AUTOMATION SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD 
    FIGURE 10 HIGH-GROWTH SEGMENTS IN MARKET, 2023–2028 
    FIGURE 11 MARKET: REGIONAL SNAPSHOT 
 
4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES IN IOT INTEGRATION MARKET 
           FIGURE 12 PROLIFERATION OF CONNECTED DEVICES TO DRIVE MARKET
    4.2 ASIA PACIFIC MARKET, BY SERVICE  AND COUNTRY 
           FIGURE 13 DEVICE & PLATFORM MANAGEMENT SERVICES SEGMENT AND CHINA EXPECTED TO ACCOUNT FOR SIGNIFICANT MARKET SHARE IN 2023
 
5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 53)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:  IOT INTEGRATION MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Proliferation of connected devices to encourage BYOD and remote workplace management
                    5.2.1.2 Development of wireless technologies
                               TABLE 3 PROJECTED PENETRATION OF 5G IN SOUTHEAST ASIA BY 2025
                    5.2.1.3 Need to increase operational efficiency
                    5.2.1.4 Maturing partner agreements of IoT vendors
                    5.2.1.5 Emergence of IPv6
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of standardization in IoT protocols
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing need to align management strategies with organizations’ strategic initiatives
                    5.2.3.2 Need for reduced downtime and increased operational efficiency
                    5.2.3.3 Increasing demand for automation in business processes
                    5.2.3.4 Increasing adoption of iPaaS
           5.2.4 CHALLENGES
                    5.2.4.1 Data security and privacy concerns
                    5.2.4.2 Lack of skills and expertise
    5.3 ECOSYSTEM 
           FIGURE 15 IOT INTEGRATION MARKET: ECOSYSTEM
           TABLE 4 MARKET: ECOSYSTEM
    5.4 VALUE CHAIN ANALYSIS 
           FIGURE 16 MARKET: VALUE CHAIN
    5.5 MARKET: USE CASES 
           5.5.1 USE CASE 1: RETAIL
           5.5.2 USE CASE 2: HEALTHCARE
           5.5.3 USE CASE 3: GOVERNMENT
           5.5.4 USE CASE 4: TRANSPORTATION AND LOGISTICS
    5.6 DISRUPTIONS IMPACTING BUYERS/CLIENTS IN IOT INTEGRATION MARKET 
           FIGURE 17 MARKET: DISRUPTIONS IMPACTING BUYERS/CLIENTS
    5.7 DISRUPTIVE TECHNOLOGIES 
           5.7.1 EDGE COMPUTING
           5.7.2 5G
           5.7.3 DIGITAL TWIN
           5.7.4 ARTIFICIAL INTELLIGENCE
    5.8 REGULATORY IMPACT 
 
6 IOT INTEGRATION MARKET, BY SERVICE (Page No. - 69)
    6.1 INTRODUCTION 
           FIGURE 18 DEVICE & PLATFORM MANAGEMENT SERVICES SEGMENT EXPECTED TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
           TABLE 5 MARKET, BY SERVICE, 2018–2022 (USD MILLION)
           TABLE 6 MARKET, BY SERVICE, 2023–2028 (USD MILLION)
    6.2 DEVICE & PLATFORM MANAGEMENT SERVICES 
           6.2.1 REMOTE MONITORING AND SUPPORT FACILITIES THROUGH IOT INTEGRATION SERVICES TO DRIVE MARKET
           6.2.2 DEVICE & PLATFORM MANAGEMENT SERVICES: MARKET DRIVERS
                    TABLE 7 DEVICE & PLATFORM MANAGEMENT SERVICES: MARKET,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 8 DEVICE & PLATFORM MANAGEMENT SERVICES: MARKET,  BY REGION, 2023–2028 (USD MILLION)
    6.3 APPLICATION MANAGEMENT SERVICES 
           6.3.1 DEVICE DATA COMMUNICATION AND INTERACTION TO ASSIST REAL-TIME BUSINESS DECISION-MAKING
           6.3.2 APPLICATION MANAGEMENT SERVICES: MARKET DRIVERS
                    TABLE 9 APPLICATION MANAGEMENT SERVICES: MARKET,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 10 APPLICATION MANAGEMENT SERVICES: MARKET,  BY REGION, 2023–2028 (USD MILLION)
    6.4 ADVISORY SERVICES 
           6.4.1 STANDARDIZATION OF BUSINESS PROCESSES AND STREAMLINING OF IT OPERATIONS TO PROPEL MARKET GROWTH
           6.4.2 ADVISORY SERVICES: MARKET DRIVERS
                    TABLE 11 ADVISORY SERVICES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 12 ADVISORY SERVICES: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.5 SYSTEM DESIGN & ARCHITECTURE SERVICES 
           6.5.1 IMPROVED SYSTEM PERFORMANCE AND TAILORED CONFIGURATION ADVICE TO FUEL MARKET GROWTH
           6.5.2 SYSTEM DESIGN & ARCHITECTURE SERVICES: MARKET DRIVERS
                    TABLE 13 SYSTEM DESIGN & ARCHITECTURE SERVICES: MARKET,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 14 SYSTEM DESIGN & ARCHITECTURE SERVICES: MARKET,  BY REGION, 2023–2028 (USD MILLION)
    6.6 TESTING SERVICES 
           6.6.1 ENHANCED USER EXPERIENCE AND SEAMLESS WORKING OF DEVICES TO BOOST MARKET
           6.6.2 TESTING SERVICES: IOT INTEGRATION MARKET DRIVERS
                    TABLE 15 TESTING SERVICES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 16 TESTING SERVICES: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.7 SERVICES PROVISIONING & DIRECTORY MANAGEMENT SERVICES 
           6.7.1 MANAGEMENT AND MAINTENANCE OF COMPLEX AND HETEROGENEOUS DIRECTORY DATABASES TO DRIVE MARKET
           6.7.2 SERVICES PROVISIONING & DIRECTORY MANAGEMENT SERVICES: MARKET DRIVERS
                    TABLE 17 SERVICES PROVISIONING & DIRECTORY SERVICES: MARKET,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 18 SERVICES PROVISIONING & DIRECTORY MANAGEMENT SERVICES: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.8 THIRD-PARTY API MANAGEMENT SERVICES 
           6.8.1 SECURE EXPOSURE OF ENTERPRISE DATA TO MOBILE DEVICES, WEB APPLICATIONS, AND CONNECTED DEVICES TO PROPEL MARKET GROWTH
           6.8.2 THIRD-PARTY API MANAGEMENT SERVICES: MARKET DRIVERS
                    TABLE 19 THIRD-PARTY API MANAGEMENT SERVICES: IOT INTEGRATION MARKET,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 20 THIRD-PARTY API MANAGEMENT SERVICES: MARKET,  BY REGION, 2023–2028 (USD MILLION)
    6.9 DATABASE & BLOCK STORAGE MANAGEMENT SERVICES 
           6.9.1 EFFICIENT QUERY HANDLING AND HETEROGENEOUS DATA INTEGRATION TO BOOST MARKET
           6.9.2 DATABASE & BLOCK STORAGE MANAGEMENT SERVICES:  MARKET DRIVERS
                    TABLE 21 DATABASE & BLOCK STORAGE MANAGEMENT SERVICES: MARKET,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 22 DATABASE & BLOCK STORAGE MANAGEMENT SERVICES: MARKET,  BY REGION, 2023–2028 (USD MILLION)
    6.10 NETWORK MANAGEMENT SERVICES 
           6.10.1 INCREASED EFFICIENCY OF EMPLOYEES AND REDUCED COST OF COMMUNICATIONS TO BOOST MARKET
           6.10.2 NETWORK MANAGEMENT SERVICES: MARKET DRIVERS
                    TABLE 23 NETWORK MANAGEMENT SERVICES: MARKET,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 24 NETWORK MANAGEMENT SERVICES: MARKET,  BY REGION, 2023–2028 (USD MILLION)
    6.11 INFRASTRUCTURE & WORKLOAD MANAGEMENT SERVICES 
           6.11.1 COST SAVINGS, OPERATIONAL EFFICIENCIES, AND ENHANCED CUSTOMER EXPERIENCE TO DRIVE MARKET
           6.11.2 INFRASTRUCTURE & WORKLOAD MANAGEMENT SERVICES:  MARKET DRIVERS
                    TABLE 25 INFRASTRUCTURE & WORKLOAD MANAGEMENT SERVICES: MARKET,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 26 INFRASTRUCTURE & WORKLOAD MANAGEMENT SERVICES: MARKET,  BY REGION, 2023–2028 (USD MILLION)
 
7 IOT INTEGRATION MARKET, BY APPLICATION (Page No. - 84)
    7.1 INTRODUCTION 
           FIGURE 19 SMART HEALTHCARE SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 27 MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
           TABLE 28 MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    7.2 SMART BUILDING & HOME AUTOMATION 
           7.2.1 SUPERIOR QUALITY SOLUTIONS WITH ENHANCED FEATURES TO FUEL MARKET GROWTH
           7.2.2 SMART BUILDING & HOME AUTOMATION: MARKET DRIVERS
                    TABLE 29 SMART BUILDING & HOME AUTOMATION: MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 30 SMART BUILDING & HOME AUTOMATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 SMART HEALTHCARE 
           7.3.1 SPIKE IN DEMAND FOR TELEMEDICINE AND INCREASE IN INTEREST FOR WEARABLE DEVICES TO DRIVE MARKET
           7.3.2 SMART HEALTHCARE: MARKET DRIVERS
                    TABLE 31 SMART HEALTHCARE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 32 SMART HEALTHCARE: MARKET, BY REGION,  2023–2028 (USD MILLION)
    7.4 ENERGY & UTILITIES 
           7.4.1 PROCESS OPTIMIZATION, MINIMAL INVENTORY COSTS, AND IMPROVED PRODUCTIVITY TO DRIVE MARKET
           7.4.2 ENERGY & UTILITIES: MARKET DRIVERS
                    TABLE 33 ENERGY & UTILITIES: IOT INTEGRATION MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 34 ENERGY & UTILITIES: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.5 INDUSTRIAL MANUFACTURING & AUTOMATION 
           7.5.1 ADOPTION OF IOT INTEGRATION SERVICES DUE TO INCREASED SPEED OF CONNECTIVITY NETWORKS TO DRIVE MARKET
           7.5.2 INDUSTRIAL MANUFACTURING & AUTOMATION: MARKET DRIVERS
                    TABLE 35 INDUSTRIAL MANUFACTURING & AUTOMATION: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 36 INDUSTRIAL MANUFACTURING & AUTOMATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.6 SMART RETAIL 
           7.6.1 IMPROVED ORDER AND INVENTORY MANAGEMENT TO BOOST MARKET
           7.6.2 SMART RETAIL: MARKET DRIVERS
                    TABLE 37 SMART RETAIL: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 38 SMART RETAIL: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.7 SMART TRANSPORTATION, LOGISTICS, AND TELEMATICS 
           7.7.1 GROWING NEED TO MANAGE REAL-TIME DATA OF TRANSPORTATION SYSTEMS TO DRIVE MARKET
           7.7.2 SMART TRANSPORTATION, LOGISTICS, AND TELEMATICS:  MARKET DRIVERS
                    TABLE 39 SMART TRANSPORTATION, LOGISTICS, AND TELEMATICS: MARKET,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 40 SMART TRANSPORTATION, LOGISTICS, AND TELEMATICS: MARKET,  BY REGION, 2023–2028 (USD MILLION)
 
8 IOT INTEGRATION MARKET, BY REGION (Page No. - 96)
    8.1 INTRODUCTION 
           FIGURE 20 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 41 MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 42 MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.2 NORTH AMERICA 
           8.2.1 NORTH AMERICA: MARKET DRIVERS
           8.2.2 NORTH AMERICA: RECESSION IMPACT
           8.2.3 NORTH AMERICA: TARIFFS AND REGULATIONS
                    FIGURE 21 NORTH AMERICA: MARKET SNAPSHOT
                    TABLE 43 NORTH AMERICA: IOT INTEGRATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                    TABLE 44 NORTH AMERICA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                    TABLE 45 NORTH AMERICA: MARKET, BY APPLICATION,  2018–2022 (USD MILLION)
                    TABLE 46 NORTH AMERICA: MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
                    TABLE 47 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 48 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           8.2.4 US
                    8.2.4.1 Industrial digitization and increased use of connected devices to drive market
                    8.2.4.2 US: MARKET drivers
                               TABLE 49 US: IOT INTEGRATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 50 US: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                               TABLE 51 US: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 52 US: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.2.5 CANADA
                    8.2.5.1 Technological advancements and growing adoption of smart grids to boost market
                    8.2.5.2 Canada: MARKET drivers
                               TABLE 53 CANADA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 54 CANADA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                               TABLE 55 CANADA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 56 CANADA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.3 EUROPE 
           8.3.1 EUROPE: MARKET DRIVERS
           8.3.2 EUROPE: TARIFFS AND REGULATIONS
           8.3.3 EUROPE: RECESSION IMPACT
                    TABLE 57 EUROPE: IOT INTEGRATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                    TABLE 58 EUROPE: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                    TABLE 59 EUROPE: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 60 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 61 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 62 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           8.3.4 UK
                    8.3.4.1 Strong support from government agencies for development of IoT and innovation to fuel demand for IoT integration services
                    8.3.4.2 UK: MARKET drivers
                               TABLE 63 UK: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 64 UK: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                               TABLE 65 UK: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 66 UK: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.3.5 GERMANY
                    8.3.5.1 Government initiatives, such as Industrie 4.0, to fuel market growth
                    8.3.5.2 Germany: MARKET drivers
                               TABLE 67 GERMANY: IOT INTEGRATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 68 GERMANY: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                               TABLE 69 GERMANY: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 70 GERMANY: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.3.6 REST OF EUROPE
                    TABLE 71 REST OF EUROPE: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                    TABLE 72 REST OF EUROPE: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                    TABLE 73 REST OF EUROPE: MARKET, BY APPLICATION,  2018–2022 (USD MILLION)
                    TABLE 74 REST OF EUROPE: MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
    8.4 ASIA PACIFIC 
           8.4.1 ASIA PACIFIC: MARKET DRIVERS
           8.4.2 ASIA PACIFIC: IMPACT OF RECESSION
           8.4.3 ASIA PACIFIC: TARIFFS AND REGULATIONS
                    FIGURE 22 ASIA PACIFIC: MARKET SNAPSHOT
                    TABLE 75 ASIA PACIFIC: IOT INTEGRATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                    TABLE 76 ASIA PACIFIC: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                    TABLE 77 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 78 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 79 ASIA PACIFIC: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 80 ASIA PACIFIC: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.4.4 CHINA
                    8.4.4.1 Heavy financial and strategic involvement of government in R&D to drive adoption rate of IoT
                    8.4.4.2 China: MARKET drivers
                               TABLE 81 CHINA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 82 CHINA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                               TABLE 83 CHINA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 84 CHINA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.4.5 JAPAN
                    8.4.5.1 Increasing automation for asset management processes through IoT integration services to propel market
                    8.4.5.2 Japan: MARKET drivers
                               TABLE 85 JAPAN: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 86 JAPAN: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                               TABLE 87 JAPAN: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 88 JAPAN: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.4.6 INDIA
                    8.4.6.1 Government initiatives for development of smart cities and smart manufacturing to boost market
                    8.4.6.2 India: MARKET drivers
                               TABLE 89 INDIA: IOT INTEGRATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 90 INDIA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                               TABLE 91 INDIA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 92 INDIA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.4.7 REST OF ASIA PACIFIC
                    TABLE 93 REST OF ASIA PACIFIC: MARKET, BY SERVICE,  2018–2022 (USD MILLION)
                    TABLE 94 REST OF ASIA PACIFIC: MARKET, BY SERVICE,  2023–2028 (USD MILLION)
                    TABLE 95 REST OF ASIA PACIFIC: MARKET, BY APPLICATION,  2018–2022 (USD MILLION)
                    TABLE 96 REST OF ASIA PACIFIC: MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
    8.5 MIDDLE EAST & AFRICA 
           8.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
           8.5.2 MIDDLE EAST & AFRICA: IMPACT OF RECESSION
           8.5.3 MIDDLE EAST & AFRICA: TARIFFS AND REGULATIONS
                    TABLE 97 MIDDLE EAST & AFRICA: IOT INTEGRATION MARKET, BY SERVICE,  2018–2022 (USD MILLION)
                    TABLE 98 MIDDLE EAST & AFRICA: MARKET, BY SERVICE,  2023–2028 (USD MILLION)
                    TABLE 99 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,  2018–2022 (USD MILLION)
                    TABLE 100 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
                    TABLE 101 MIDDLE EAST & AFRICA: MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 102 MIDDLE EAST & AFRICA: MARKET, BY REGION,  2023–2028 (USD MILLION)
           8.5.4 SAUDI ARABIA
                    8.5.4.1 Increase in smartphone and internet penetration to drive market
                    8.5.4.2 Saudi Arabia: MARKET drivers
                               TABLE 103 SAUDI ARABIA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 104 SAUDI ARABIA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                               TABLE 105 SAUDI ARABIA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 106 SAUDI ARABIA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.5.5 UAE
                    8.5.5.1 Increase in adoption of IoT integration services to fuel market growth
                    8.5.5.2 UAE: MARKET drivers
                               TABLE 107 UAE: IOT INTEGRATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 108 UAE: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                               TABLE 109 UAE: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 110 UAE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.5.6 REST OF MIDDLE EAST & AFRICA
                    TABLE 111 REST OF MIDDLE EAST & AFRICA: MARKET, BY SERVICE,  2018–2022 (USD MILLION)
                    TABLE 112 REST OF MIDDLE EAST & AFRICA: MARKET, BY SERVICE,  2023–2028 (USD MILLION)
                    TABLE 113 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,  2018–2022 (USD MILLION)
                    TABLE 114 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
    8.6 LATIN AMERICA 
           8.6.1 LATIN AMERICA: MARKET DRIVERS
           8.6.2 LATIN AMERICA: IMPACT OF RECESSION
           8.6.3 LATIN AMERICA: TARIFFS AND REGULATIONS
                    TABLE 115 LATIN AMERICA: IOT INTEGRATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                    TABLE 116 LATIN AMERICA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                    TABLE 117 LATIN AMERICA: MARKET, BY APPLICATION,  2018–2022 (USD MILLION)
                    TABLE 118 LATIN AMERICA: MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
                    TABLE 119 LATIN AMERICA: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 120 LATIN AMERICA: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.6.4 BRAZIL
                    8.6.4.1 Large startup ecosystem and rapid urbanization to propel market growth
                    8.6.4.2 Brazil: MARKET drivers
                               TABLE 121 BRAZIL: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 122 BRAZIL: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                               TABLE 123 BRAZIL: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 124 BRAZIL: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.6.5 MEXICO
                    8.6.5.1 Increase in mobile broadband subscriptions and smartphone penetration rates to drive adoption of IoT integration services
                    8.6.5.2 Mexico: MARKET drivers
                               TABLE 125 MEXICO: IOT INTEGRATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                               TABLE 126 MEXICO: MARKET, BY SERVICE,  2023–2028 (USD MILLION)
                               TABLE 127 MEXICO: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 128 MEXICO: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.6.6 REST OF LATIN AMERICA
                    TABLE 129 REST OF LATIN AMERICA: MARKET, BY SERVICE,  2018–2022 (USD MILLION)
                    TABLE 130 REST OF LATIN AMERICA: MARKET, BY SERVICE,  2023–2028 (USD MILLION)
                    TABLE 131 REST OF LATIN AMERICA: MARKET, BY APPLICATION,  2018–2022 (USD MILLION)
                    TABLE 132 REST OF LATIN AMERICA: MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
 
9 COMPETITIVE LANDSCAPE (Page No. - 153)
    9.1 INTRODUCTION 
    9.2 STRATEGIES ADOPTED BY KEY PLAYERS 
           TABLE 133 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN 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 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 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 (Page No. - 168)
     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.
 
11 ADJACENT/RELATED MARKETS (Page No. - 225)
     11.1 IOT MIDDLEWARE MARKET 
             11.1.1 MARKET DEFINITION
             11.1.2 MARKET OVERVIEW
                       11.1.2.1 IoT middleware market, by platform type
                                   TABLE 177 IOT MIDDLEWARE MARKET, BY PLATFORM TYPE, 2014–2019 (USD MILLION)
                                   TABLE 178 IOT MIDDLEWARE MARKET, BY PLATFORM TYPE, 2019–2025 (USD MILLION)
                       11.1.2.2 IoT middleware market, by organization size
                                   TABLE 179 IOT MIDDLEWARE MARKET, BY ORGANIZATION SIZE, 2014–2019 (USD MILLION)
                                   TABLE 180 IOT MIDDLEWARE MARKET, BY ORGANIZATION SIZE, 2019–2025 (USD MILLION)
                       11.1.2.3 IoT middleware market, by vertical
                                   TABLE 181 IOT MIDDLEWARE MARKET, BY VERTICAL, 2014–2019 (USD MILLION)
                                   TABLE 182 IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2025 (USD MILLION)
                       11.1.2.4 IoT middleware market, by region
                                   TABLE 183 IOT MIDDLEWARE MARKET, BY REGION, 2014–2019 (USD MILLION)
                                   TABLE 184 IOT MIDDLEWARE MARKET, BY REGION, 2019–2025 (USD MILLION)
     11.2 IOT CLOUD PLATFORM MARKET 
             11.2.1 MARKET DEFINITION
             11.2.2 MARKET OVERVIEW
                       11.2.2.1 IoT cloud platform market, by offering
                                                 TABLE 185 IOT CLOUD PLATFORM MARKET, BY OFFERING, 2018–2025 (USD MILLION)
                                   11.2.2.1.1 Platform
                                                 TABLE 186 OFFERING: IOT CLOUD PLATFORM MARKET, BY PLATFORM, 2018–2025 (USD MILLION)
                                   11.2.2.1.2 Services
                                                 TABLE 187 IOT CLOUD PLATFORM MARKET FOR SERVICES, BY TYPE, 2018–2025 (USD MILLION)
                                                 TABLE 188 SERVICES: IOT CLOUD PLATFORM MARKET, BY PROFESSIONAL SERVICE,  2018–2025 (USD MILLION)
                       11.2.2.2 IoT cloud platform market, by deployment mode
                                                 TABLE 189 IOT CLOUD PLATFORM MARKET, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
                                   11.2.2.2.1 Public cloud
                                                 TABLE 190 PUBLIC CLOUD: IOT CLOUD PLATFORM MARKET, BY REGION, 2018–2025 (USD MILLION)
                                   11.2.2.2.2 Private cloud
                                                 TABLE 191 PRIVATE CLOUD: IOT CLOUD PLATFORM MARKET, BY REGION,  2018–2025 (USD MILLION)
                                   11.2.2.2.3 Hybrid cloud
                                                 TABLE 192 HYBRID CLOUD: IOT CLOUD PLATFORM MARKET, BY REGION, 2018–2025 (USD MILLION)
                       11.2.2.3 IoT cloud platform market, by application area
                                   TABLE 193 SMART TRANSPORTATION: IOT CLOUD PLATFORM MARKET, BY REGION,  2018–2025 (USD MILLION)
                                   TABLE 194 SMART GRID AND UTILITIES: IOT CLOUD PLATFORM MARKET, BY REGION,  2018–2025 (USD MILLION)
                       11.2.2.4 IoT cloud platform market, by region
                                   TABLE 195 IOT CLOUD PLATFORM MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.3 IOT PROFESSIONAL SERVICES MARKET 
             11.3.1 MARKET DEFINITION
             11.3.2 MARKET OVERVIEW
                       11.3.2.1 IoT professional services market, by service type
                                   TABLE 196 IOT PROFESSIONAL SERVICES MARKET, BY SERVICE TYPE, 2016–2019 (USD BILLION)
                                   TABLE 197 IOT PROFESSIONAL SERVICES MARKET, BY SERVICE TYPE, 2020–2026 (USD BILLION)
                       11.3.2.2 IoT professional services market, by organization size
                                   TABLE 198 IOT PROFESSIONAL MARKET, BY ORGANIZATION SIZE, 2016–2019 (USD BILLION)
                                   TABLE 199 IOT PROFESSIONAL MARKET, BY ORGANIZATION SIZE, 2020–2026 (USD BILLION)
                       11.3.2.3 IoT professional services market, by deployment type
                                   TABLE 200 IOT PROFESSIONAL SERVICES MARKET, BY DEPLOYMENT TYPE,  2016–2019 (USD BILLION)
                                   TABLE 201 IOT PROFESSIONAL SERVICES MARKET, BY DEPLOYMENT TYPE,  2020–2026 (USD BILLION)
                       11.3.2.4 IoT professional services market, by application
                                   TABLE 202 IOT PROFESSIONAL SERVICES MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
                                   TABLE 203 IOT PROFESSIONAL SERVICES MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
                       11.3.2.5 IoT professional services market, by region
                                   TABLE 204 IOT PROFESSIONAL SERVICES MARKET, BY REGION, 2016–2019 (USD BILLION)
                                   TABLE 205 IOT PROFESSIONAL SERVICES MARKET, BY REGION, 2020–2026 (USD BILLION)
 
12 APPENDIX (Page No. - 240)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the IoT integration market. Exhaustive secondary research was done to collect information on the lending industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and sub-segments of the IoT integration market.

Secondary Research

In the secondary research process, various secondary sources were referred to obtain key information about industry insights, the market’s monetary chain, the overall pool of key players, market classification and segmentation, and key developments in the market. The secondary sources included annual reports, press releases of various companies TCS Limited, Wipro Limited, Atos SE, and Accenture among others, white papers, journals, and certified publications and articles from recognized authors, directories, and databases.

Primary Research

Extensive primary research has been conducted after understanding the IoT integration market scenario through secondary research. Several primary interviews have been conducted with market experts from demand and supply side players across five major regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Approximately 70% and 30% of primary interviews have been conducted from the demand and supply sides. Primary data has been collected through questionnaires email, and telephonic interviews. In the canvassing of primaries, various organizations, such as sales. Operations and administration were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report

loT Integration Market Size, and Share

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

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the global IoT integration market and various other dependent submarkets in the overall market. An exhaustive list of all the vendors offering solutions and services in the IoT integration market was prepared while using the top-down approach. The market share for all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on its offering (solutions and services). The aggregate of all companies’ revenues was extrapolated to reach the overall market size.

IoT integration market: Bottom-Up Approach

loT Integration Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

IoT integration market: Top-Down Approach

loT Integration Market Size, and Share

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

As defined by Software AG, IoT integration is a critical IoT platform capability that enables enterprises to integrate data from connected things with other IT assets, such as SaaS. IoT integration services are transforming into core aspects of the IoT subsystem across multiple application areas to enable secure end-to-end communication between devices and data centers, remote troubleshooting of components, interoperability across subsystems, and advanced business analytics and metrics. IoT integration services offer a newer business proposition for an integrated Go-To-Market (GTM), thereby benefiting internal and external stakeholders, channel partners, and customers.

Key Stakeholders

  • IoT platform providers
  • IoT integration services providers
  • Managed services providers (MSPs)
  • Communication service providers
  • Application providers
  • Network-as-a-Service providers
  • Third-party System Integrators (SIs)
  • Hardware vendors
  • Independent consultants
  • IoT application providers
  • Regulatory agencies
  • Governments of various countries

Report Objectives

  • To determine and forecast the global IoT integration market based on service, organization size, application, and regions from 2023 to 2028s, and analyze various macro and microeconomic factors that affect the market growth.
  • To forecast the size of the market’s segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA).
  • To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the IoT integration market.
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the total IoT integration market.
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the IoT integration market.
  • To profile key market players (top vendors and startups); provide a comparative analysis based on their business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape.
  • To track and analyze competitive developments, such as mergers and acquisitions, a new product launched and product developments, partnerships, agreements, and collaborations, business expansions, and Research & Development (R&D) activities, in the market

Available Customizations

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

Product Analysis

  • Product Matrix which gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Aug, 2023
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