Internet of Things (IoT) Professional Services Market

Internet of Things (IoT) Professional Services Market by Service Type (Consulting, Infrastructure, System Designing and Integration, Support and Maintenance, and Education and Training), Application, and Region - Global Forecast to 2023

Report Code: TC 4986 Apr, 2019, by marketsandmarkets.com

[131 Pages Report] The IoT professional services market is projected to grow from USD 79.0 billion in 2018 to USD 189.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.1% from 2018 to 2023. The major factors driving the growth of the IoT professional services market include the proliferation of connected devices across the globe and the requirement for highly customized IoT professional services in the industrial and transportation sectors

Based on service type, the system designing and integration service segment of the IoT professional services market is projected to grow at the highest CAGR during the forecast period.

Based on service type, the system designing and integration service segment of the market is projected to grow at the highest CAGR from 2018 to 2023. System designing and integration services offer a wide range of designs for IoT ecosystems and enable the integration of IoT solutions with organizations to support their operational systems and business activities. The providers of system designing services sketch complete IoT systems to reduce the business complexities and enhance the profitability of organizations.

Based on application, the smart transport and logistics segment is expected to lead the market during the forecast period.

Based on application, the smart transport and logistics segment is projected to lead the market from 2018 to 2023. The growth of this segment can be attributed to the requirement for achieving automation in the transport and logistics sector. The smart transport and logistics segment of the IoT professional services market involves data gathering, research, and requirement analysis. The providers of these services require a team of technicians, especially for the development of mobile and web applications. These service providers also support, assist, and maintain solutions and components involved in the entire ecosystem of IoT professional services. Smart transport and logistics involve the integration of advanced technologies with existing transportation and logistics infrastructure to deliver real-time online information about traffic flow, asset tracking, and passengers/commuters.

The North American region is expected to lead the IoT professional services market in 2018.

The North American region is expected to lead the market in 2018. North America is one of the most developed countries in terms of technology. The growth of the market in North America can be attributed to the early adoption of different technologies and globalization of shared services in the region. Moreover, the presence of various regulatory standards for the digitization of organizations, advanced IT infrastructure, well-established enterprises, and technical expertise in North America is also fueling the growth of the market in the region. Moreover, the presence of some of the key players of the market in the region is also expected to drive the growth of the market in the North American region.

Key IoT Professional Services Market Players

The major factor expected to hinder the growth of the IoT professional services is the lack of uniform regulatory standards and universal protocols.

Accenture (Ireland), Atos SE (France), IBM Corporation (US), Capgemini (France), Cognizant (US), Happiest Minds (India), Infosys Limited (India), NTT DATA Corporation (Japan), Tata Consultancy Services Limited (India), Tech Mahindra Limited (India), Wipro Limited (India), Genpact (US), AT&T (US), Vodafone (UK), LUXOFT (Switzerland), and Prodapt Solutions PVT. LTD. (US) are the leading players operating in the IoT professional services market. These players have adopted various growth strategies such as mergers and acquisitions, new product/service launches/product enhancements, business expansions, partnerships, agreements, and collaborations to expand their presence in the market. Partnerships and new product/service launches/product enhancements have been the most adopted strategies by major players from 2016 to 2018 to innovate their offerings and broaden their customer base.

Scope of Report

Report Metrics

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value (USD Billion)

Segments covered

Service Type, Application, and Region

Geographies covered

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

Companies covered

Accenture (Ireland), Atos SE (France), IBM Corporation (US), Capgemini (France), Cognizant (US), Happiest Minds (India), Infosys Limited (India), NTT DATA Corporation (Japan), Tata Consultancy Services Limited (India), Tech Mahindra Limited (India), Wipro Limited (India), Genpact (US), AT&T (US), Vodafone (UK), LUXOFT (Switzerland), and Prodapt Solutions PVT. LTD. (US) are the leading players operating in the IoT professional services market

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

Based on Service Type, the IoT professional services market has been segmented as follows:

  • IoT Consulting Service
    • Technology Consulting Service
    • Business Consulting Service
    • Operational Consulting Service
  • IoT Infrastructure Service
    • Network Service
    • Deployment Services
    • Cloud Service
  • System Designing and Integration Service
    • Platform Development and Integration
    • Mobile and Web Application Development
  • Support and Maintenance Service
  • Education and Training Service

Based on Application, the market has been segmented as follows:

  • Smart Buildings
  • Smart Manufacturing
  • Smart Transport and Logistics
  • Smart Healthcare
  • Smart Retail
  • Smart Energy

Based on Region, the market has been segmented as follows:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Middle East and Africa
    • Kingdom of Saudi Arabia (KSA)
    • United Arab Emirates (UAE)
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

  1. In January 2019, Accenture partnered with KPN to develop and test industrial applications for the 5G technology.
  2. In March 2019, Atos entered into a partnership with the Western Australian (WA) Department of Health for a digital transformation project. As a part of this partnership, Atos is expected to work with Health Support Services (HSS), an ICT service provider for the WA Department of Health, to carry out the transition of the existing legacy infrastructure of the health department to Atos cloud platforms.
  3. In March 2019, Capgemini entered into a partnership with IDEMIA to develop and introduce an IoT device management platform to secure connectivity for a vast array of devices and data.

Key Questions Addressed by the Report

  • What are the growth opportunities in the IoT professional services market?
  • What is the competitive landscape scenario of the market?
  • What are the regulations that are expected to have an impact on the market?
  • What are the dynamics of the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
    2.3 Market Forecast
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in IoT Professional Services Market
    4.2 North America IoT Professional Services Market, By Service Type and Country
    4.3 Market: Major Countries

5 Market Overview and Industry Trends (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Proliferation of Connected Devices Across the Globe
                    5.2.1.2 Requirement for Highly Customized IoT Professional Services in the Industrial and Transportation Sectors
           5.2.2 Restraints
                    5.2.2.1 Lack of Uniform Regulatory Standards and Universal Protocols
           5.2.3 Opportunities
                    5.2.3.1 Requirement of Organizations to Reduce Downtime and Increase Their Operational Efficiency
                    5.2.3.2 Development of Smart Cities Across the Globe
           5.2.4 Challenges
                    5.2.4.1 Transition From Existing It Infrastructures to New Infrastructures
                    5.2.4.2 Lack of Skilled Professionals
    5.3 IoT Professional Services: Use Cases
           5.3.1 Requirement to Monitor the Health of Electric Vehicles
           5.3.2 Real-Time Health Monitoring of Patients Outside Conventional Clinical Settings
           5.3.3 Need to Monitor the Performance of Vehicle Engines
           5.3.4 Need for 2-Way Communication for Disaster Management in Educational Institutions

6 IoT Professional Services Market, By Service Type (Page No. - 37)
    6.1 Introduction
    6.2 IoT Consulting Services
           6.2.1 Technology Consulting Services
                    6.2.1.1 Technology Consulting Services Provides Implementation of New Technologies to Transform Conventional and Existing Infrastructures of Organizations Into Smart and Connected Infrastructures
           6.2.2 Business Consulting Services
                    6.2.2.1 Business Consulting Services Help Clients Develop Strong Business Mechanisms and Enable Improved Decision-Making
           6.2.3 Operational Consulting Services
                    6.2.3.1 Operational Consulting Services Helps to Improve the Value Chain of Organizations in Terms of Functional Business Processes, Work Culture, and Management Systems
    6.3 IoT Infrastructure Services
           6.3.1 Network Services
                    6.3.1.1 Network Services Enhance the Efficiency of Networks, Reduce It Costs and Complexities, and Increase Visibility and Control Over Network Operations
           6.3.2 Deployment Services
                    6.3.2.1 Deployment Services Act as Catalysts for the Complex Issues Faced During the Implementation of IoT Solutions in the Existing Ecosystem of Organizations
           6.3.3 Cloud Services
                    6.3.3.1 Cloud Services Ensure Increased Data Security, Enable Easy Data Management, and are Highly Customer-Centric
    6.4 System Designing and Integration Services
           6.4.1 Platform Development and Integration
                    6.4.1.1 Platform Development and Integration Service Providers Help Organizations Develop Connected Environments By Integrating Their Existing It Infrastructures With Common Platforms
           6.4.2 Mobile and Web Application Development
                    6.4.2.1 Web and Application Testing Involves A Set of Activities to Identify Errors That Can Occur During the Execution of Applications
    6.5 Support and Maintenance Services
           6.5.1 Support and Maintenance Services are Provided to Organizations for Software Installed Within IoT Infrastructures to Troubleshoot Problems, and Upgrade Existing Software
    6.6 Education and Training Services
           6.6.1 Increased Complexity of Threats to Data, and Increased Chances of Data Loss has Increased the Demand for IoT Education and Training Services

7 Market, By Application (Page No. - 50)
    7.1 Introduction
    7.2 Smart Buildings
           7.2.1 IoT Professional Services Enable the Delivery of Superior Quality Solutions With Enhanced Features to These Connected Buildings
    7.3 Smart Manufacturing
           7.3.1 Smart Manufacturing Enables the Use of Intelligent Machines, Sensors, and Wireless Connectivity to Streamline Various Industrial Processes
    7.4 Smart Transport and Logistics
           7.4.1 IoT Professional Services Help Companies Operating in the Transportation and Logistics Sectors to Achieve Automation By Deploying IoT Technological Solutions
    7.5 Smart Healthcare
           7.5.1 IoT Professional Services Provide In-Depth Knowledge About the Benefits and Features of A New Service Or A Device to Patients and Caretakers
    7.6 Smart Retail
           7.6.1 Smart Retail Offers Real-Time Advertising and Marketing to Retailers and Enables Them to Take Analytics-Based Decision-Making
    7.7 Smart Energy
           7.7.1 IoT Professional Services Help the Transformation of Business Operations of the Energy Industry

8 IoT Professional Services Market, By Region (Page No. - 58)
    8.1 Introduction
    8.2 North America
           8.2.1 US
                    8.2.1.1 Rapid Technological Innovations and Increased Usage of Connected Devices Fueling the Growth of the IoT Professional Services Market in the US
           8.2.2 Canada
                    8.2.2.1 Rising Adoption of IoT Professional Services Across Different Verticals Contributing to the Growth of the Market in Canada
    8.3 Europe
           8.3.1 UK
                    8.3.1.1 Government Initiatives for the Deployment of IoT and Connected Technology in the UK to Lead to the Growth of the IoT Professional Services Market in the Country
           8.3.2 Germany
                    8.3.2.1 Adoption of IoT Professional Services By Companies for Increasing Their Resource Productivity and Efficiency is Leading to the Growth of the Market in Germany
           8.3.3 Rest of Europe
    8.4 Asia Pacific
           8.4.1 China
                    8.4.1.1 Adoption of Advanced IoT Technology to Enhance the Overall Operational Efficiency of Organizations and Reduce Their Operating Costs is Contributing to the Growth of the IoT Professional Services Market in China
           8.4.2 India
                    8.4.2.1 Government Initiatives to Develop Smart Cities and Smart Manufacturing in the Country Leading to Increased Demand for IoT Professional Services in India
           8.4.3 Rest of Asia Pacific
    8.5 Middle East and Africa
           8.5.1 KSA
                    8.5.1.1 Increasing Awareness of IoT Technology and Growing It Spending to Drive the IoT Professional Services Market in KSA
           8.5.2 UAE
                    8.5.2.1 Increased Focus of Government on Smart Life and Smart Economy is Fueling the Growth of the IoT Professional Services in the UAE
           8.5.3 Rest of Middle East and Africa
    8.6 Latin America
           8.6.1 Brazil
                    8.6.1.1 Government Initiatives for Digital Transformation to Provide Growth Opportunities for the Market in Brazil
           8.6.2 Mexico
                    8.6.2.1 Development of It Clusters in Mexico to Lead to Increased Demand for IoT Professional Services in the Country
           8.6.3 Rest of Latin America

9 Competitive Landscape (Page No. - 78)
    9.1 Overview
    9.2 Competitive Situation and Trends
           9.2.1 New Product Launches/Product Enhancements
           9.2.2 Agreements, Partnerships and Collaborations
           9.2.3 Acquisitions
           9.2.4 Expansions
    9.3 Key Players in IoT Professional Services Market

10 Company Profiles (Page No. - 85)
(Business Overview, Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
     10.1 Accenture
     10.2 Atos
     10.3 IBM
     10.4 Capgemini
     10.5 Cognizant
     10.6 Happiest Minds
     10.7 Infosys
     10.8 NTT DATA Corporation
     10.9 Tata Consultancy Services (TCS)
     10.10 Tech Mahindra Limited
     10.11 Wipro Limited
     10.12 Genpact
     10.13 AT&T
     10.14 Vodafone
     10.15 Luxoft
     10.16 Prodapt Solutions

*Details on Business Overview, Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 124)
     11.1 Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (60 Tables)

Table 1 Factor Analysis
Table 2 IoT Professional Services Market Size, By Service Type, 2016–2023 (USD Billion)
Table 3 IoT Consulting Services Market Size, By Type, 2016–2023 (USD Billion)
Table 4 IoT Consulting Services Market Size, By Region, 2016–2023 (USD Billion)
Table 5 Technology Consulting Services Market Size, By Region, 2016–2023 (USD Billion)
Table 6 Business Consulting Services Market Size, By Region, 2016–2023 (USD Billion)
Table 7 Operational Consulting Services Market Size, By Region, 2016–2023 (USD Billion)
Table 8 IoT Infrastructure Services Market Size, By Type, 2016–2023 (USD Billion)
Table 9 IoT Infrastructure Services Market Size, By Region, 2016–2023 (USD Billion)
Table 10 Network Services Market Size, By Region, 2016–2023 (USD Billion)
Table 11 Deployment Services Market Size, By Region, 2016–2023 (USD Billion)
Table 12 Cloud Services Market Size, By Region, 2016–2023 (USD Billion)
Table 13 System Designing and Integration Services Market Size, By Type, 2016–2023 (USD Million)
Table 14 System Designing and Integration Services Market Size, By Region, 2016–2023 (USD Billion)
Table 15 Platform Development and Integration Market Size, By Region, 2016–2023 (USD Billion)
Table 16 Mobile and Web Application Development Market Size, By Region, 2016–2023 (USD Billion)
Table 17 Support and Maintenance Services Market Size, By Region, 2016–2023 (USD Billion)
Table 18 Education and Training Services Market Size, By Region, 2016–2023 (USD Billion)
Table 19 IoT Professional Services Market Size, By Application, 2016–2023 (USD Billion)
Table 20 Smart Buildings: Market Size, By Region, 2016–2023 (USD Billion)
Table 21 Smart Manufacturing: Market Size, By Region, 2016–2023 (USD Billion)
Table 22 Smart Transport and Logistics: Market Size, By Region, 2016–2023 (USD Billion)
Table 23 Smart Healthcare: Market Size, By Region, 2016–2023 (USD Billion)
Table 24 Smart Retail: Market Size, By Region, 2016–2023 (USD Billion)
Table 25 Smart Energy: Market Size, By Region, 2016–2023 (USD Billion)
Table 26 IoT Professional Services Market Size, By Region, 2016–2023 (USD Billion)
Table 27 North America: Market Size, By Service Type, 2016–2023 (USD Billion)
Table 28 North America: IoT Consulting Services Market Size, By Type, 2016–2023 (USD Billion)
Table 29 North America: IoT Infrastructure Services Market Size, By Type, 2016–2023 (USD Billion)
Table 30 North America: System Designing and Integration Services Market Size, By Type, 2016–2023 (USD Billion)
Table 31 North America: Market Size, By Application, 2016–2023 (USD Billion)
Table 32 North America: Market Size, By Country, 2016–2023 (USD Billion)
Table 33 Europe: IoT Professional Services Market Size, By Service Type, 2016–2023 (USD Billion)
Table 34 Europe: IoT Consulting Services Market Size, By Type, 2016–2023 (USD Billion)
Table 35 Europe: IoT Infrastructure Services Market Size, By Type, 2016–2023 (USD Billion)
Table 36 Europe: System Designing and Integration Services Market Size, By Type, 2016–2023 (USD Billion)
Table 37 Europe: Market Size, By Application, 2016–2023 (USD Billion)
Table 38 Europe: Market Size, By Country, 2016–2023 (USD Billion)
Table 39 Asia Pacific: IoT Professional Services Market Size, By Service Type, 2016–2023 (USD Billion)
Table 40 Asia Pacific: IoT Consulting Services Market Size, By Type, 2016–2023 (USD Billion)
Table 41 Asia Pacific: IoT Infrastructure Services Market Size, By Type, 2016–2023 (USD Billion)
Table 42 Asia Pacific: System Designing and Integration Services Market Size, By Type, 2016–2023 (USD Billion)
Table 43 Asia Pacific: Market Size, By Application, 2016–2023 (USD Billion)
Table 44 Asia Pacific: Market Size, By Country, 2016–2023 (USD Billion)
Table 45 Middle East and Africa: IoT Professional Services Market Size, By Service Type, 2016–2023 (USD Billion)
Table 46 Middle East and Africa: IoT Consulting Services Market Size, By Type, 2016–2023 (USD Billion)
Table 47 Middle East and Africa: IoT Infrastructure Services Market Size, By Type, 2016–2023 (USD Billion)
Table 48 Middle East and Africa: System Designing and Integration Services Market Size, By Type, 2016–2023 (USD Billion)
Table 49 Middle East and Africa: Market Size, By Application, 2016–2023 (USD Billion)
Table 50 Middle East and Africa: Market Size, By Country, 2016–2023 (USD Billion)
Table 51 Latin America: IoT Professional Services Market Size, By Service Type, 2016–2023 (USD Billion)
Table 52 Latin America: IoT Consulting Services Market Size, By Type, 2016–2023 (USD Billion)
Table 53 Latin America: IoT Infrastructure Services Market Size, By Type, 2016–2023 (USD Billion)
Table 54 Latin America: System Designing and Integration Services Market Size, By Type, 2016–2023 (USD Billion)
Table 55 Latin America: Market Size, By Application, 2016–2023 (USD Billion)
Table 56 Latin America: Market Size, By Country, 2016–2023 (USD Billion)
Table 57 New Product Launches/Product Enhancements, 2016–2019
Table 58 Agreements, Partnerships and Collaborations, 2016–2019
Table 59 Acquisitions, 2016–2018
Table 60 Expansions, 2016–2017


List of Figures (38 Figures)

Figure 1 IoT Professional Services Market Segmentation
Figure 2 Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market: Top-Down and Bottom-Up Approaches
Figure 6 Market Size, 2016–2023 (USD Billion)
Figure 7 Market: Segments Growing at the Highest CAGR From 2018 to 2023
Figure 8 Market, By Region and Key Country
Figure 9 Increasing Demand for Customized IoT Services From Industrial and Transportation Sectors Projected to Drive the Growth of IoT Professional Services Market From 2018 to 2023
Figure 10 IoT Consulting Services Segment and the US Accounted for the Largest Share of North America IoT Market in 2018
Figure 11 Market in India is Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 12 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 13 IoT Consulting Services Segment Projected to Dominate the Market From 2018 to 2023
Figure 14 Smart Transport and Logistics Segment Projected to Lead Market From 2018 to 2023
Figure 15 IoT Professional Services Market in Asia Pacific Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 16 North America Market Snapshot
Figure 17 Asia Pacific Market Snapshot
Figure 18 Key Strategies Adopted By Leading Players in Market From January 2016 to April 2019
Figure 19 Market Evaluation Framework From January 2016 to April 2019.
Figure 20 Key Players in IoT Professional Services Market, 2018
Figure 21 Accenture: Company Snapshot
Figure 22 Accenture: SWOT Analysis
Figure 23 Atos: Company Snapshot
Figure 24 Atos: SWOT Analysis
Figure 25 IBM: Company Snapshot
Figure 26 IBM: SWOT Analysis
Figure 27 Capgemini: Company Snapshot
Figure 28 Capgemini: SWOT Analysis
Figure 29 Cognizant: Company Snapshot
Figure 30 Cognizant Technology Solutions: SWOT Analysis
Figure 31 Infosys: Company Snapshot
Figure 32 NTT DATA Corporation: Company Snapshot
Figure 33 Tata Consultancy Services: Company Snapshot
Figure 34 Tech Mahindra Limited: Company Snapshot
Figure 35 Wipro Limited: Company Snapshot
Figure 36 Genpact: Company Snapshot
Figure 37 AT&T: Company Snapshot
Figure 38 Vodafone: Company Snapshot

The study involved 4 major activities to estimate the current size of the IoT professional services market. Exhaustive secondary research was undertaken to collect information on the market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain of the IoT professional services using primary research. Both, top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the size of different segments and subsegments of the IoT professional services market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The IoT professional services market comprises several stakeholders such as service providers, system integrators, security agencies, trade associations, government authorities, security equipment providers, and Value-added Resellers (VARs). The demand side of the market consists of all firms operating in the IoT domain. The supply side includes providers of IoT professional services. Various primary sources from both, supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:

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

IoT Professional Services Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the global size of the IoT professional services market and various other dependent submarkets. While using the top-down approach, an exhaustive list of all vendors, who offer IoT professional solutions and services was prepared. The share of these 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 the services offered by it and their use in various applications. The aggregate of revenues of all companies was extrapolated to reach the overall size of the market. Further, each segment of the market was studied and analyzed to obtain its market size and evaluate its regional penetration. The markets were triangulated using both, primary and secondary research. The primary procedure included extensive interviews of the industry leaders such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and marketing executives for key insights.

Data Triangulation

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

Objectives of the Report

  • To determine and forecast the size of the IoT professional services market based on service type, application, and region from 2018 to 2023, and analyze various macroeconomic and microeconomic factors that affect the market growth
  • To forecast the size of the market with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA)
  • To provide detailed information about the major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
  • To profile key market players, provide a comparative analysis based on their business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
  •  To track and analyze competitive developments such as mergers and acquisitions, new product/service launches/product enhancements, business expansions, partnerships, agreements, collaborations, and Research and Development (R&D) activities in the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information

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Report Code
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Published ON
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