IoT Solutions and Services Market

IoT Solutions and Services Market by Component (Platform, Solution And Services), Service (Consulting, and Integration and Deplpyment), Vertical (Smart Manufacturing, Smart Energy and Smart Transportation), and Region - Global Forecast to 2024

Report Code: TC 7719 Aug, 2020, by marketsandmarkets.com

[164 Pages Report] The global IoT solutions and services market size is expected to grow from USD 139.3 billion in 2019 to USD 278.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period. Major growth drivers of the market are the growing need of decentralized monitoring and predictive maintenance and development of wireless technologies.

IoT Solutions  and Services Market

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IoT has changed the ways businesses used to function. Many industries are adopting IoT solutions to improve their existing systems. For instance, healthcare centers use IoT devices to improve their medical outcomes. The manufacturing industry analyzes how their products are being used and determine the usage patterns. This industry witnesses high adoption of IoT solutions to increase efficiency, which helps in day to day operations, facilitates optimization of production quality, and offers high-end safety.

Total number of IoT connections are expected to reach 25 billion by 2025, thus IoT service management is likely to play a major role in ensuring connectivity to maintain business competition. The growing IoT ecosystem will require more robust services; the importance of services will differ across the ecosystem. For instance, mobile operator IoT services can offer better connectivity. However, mobile operators may extend their services to device management, security, application enablement, and others to gain a competitive advantage.

An IoT platform plays a critical role for smart device vendors and startups, who can use it to equip their products with remote control and real-time monitoring functions, configurable alerts and notifications, pluggable cloud services, and integration with consumers’ smartphones and other devices. The major application of IoT platforms is cost-optimization for companies in the industrial and transportation sectors through the remote monitoring of devices and vehicles, predictive maintenance of equipment, collecting sensor data for real-time production analytics, and ensuring safety and end-to-end cargo delivery tracking.

Market Dynamics

Driver: DEVELOPMENT OF WIRELESS TECHNOLOGIES

Wireless technology plays a key role in communications, and emerging technologies including robots, drones, self-driving vehicles, and new medical devices will increase the requirement of wireless technologies over the next two years. LPWA networks provide low-bandwidth connectivity for IoT applications in a power-efficient way to support things that need long battery life. They typically cover very large areas, such as cities or even entire countries. Current LPWA technologies include Narrowband IoT (NB-IoT), Long Term Evolution for Machines (LTE-M), LoRa, and Sigfox. The modules are relatively inexpensive, so IoT manufacturers can use them to enable small, low-cost, battery-powered devices such as sensors and trackers. 5G cellular systems are starting to be deployed in 2019 and 2020 an it will play an important role by integrating security into the core network architecture.

Challenge: LACK OF INTEROPERABILITY STANDARDS

Multiple technologies and several competing standards in the connectivity layer of the IoT stack cause interoperability issues. These issues can cause vendor lock-in, difficulty in developing IoT application exposing cross-platform, and/or cross-domain, difficulty in plugging non-interoperable IoT devices into different IoT platforms, and ultimately prevents the emergence of IoT technology at a large-scale. Automation industry is required to operate in a wide array of industrial and manufacturing settings. The major issue is various protocols, such as BLE, ZigBee, Z-Wave, and Thread, are utilized, and there is no standardization that would ensure interoperability. More than 50% of organizations are facing challenges in the adoption of IoT due to uncertain standards.

Opportunity: Increase in the adoption of social media for customer engagement

The European Commission expects that 72% of consumers in the European Union will have smart electricity meters installed in their homes by 2020, and 40% will have a smart gas meter. The EU has been proactive in encouraging its member nations to develop smart cities, and the European Commission has allocated 365 million euros for this purpose. Kansas City uses TrafficVision’s technology to more effectively detect traffic incidents from its 300 traffic cameras around the city. This software, paired with the IoT cameras, decreased the city’s time to notice issues by 14 minutes. Copenhagen has started using sensors to monitor the city's bike traffic in real-time, which provides valuable data on improving bike routes in the city. This is crucial, as more than 40% of the city's residents commute by bike each day. San Diego has started using cameras built into connected streetlights to monitor pedestrian traffic and reroute cars during peak hours to avoid pedestrian accidents and alleviate congestion.

Managed services is expected to have largest market share during the forecast period

The services segment is divided into consulting, integration and deployment, support and maintenance, and managed services. Factors that drive the global IoT managed services market include the adoption of IoT technologies throughout the industry, increased availability of managed cloud services, and increased government investments in smart cities projects and others. Managed services have major demand from manufacturing industry. Manufacturing industry has been dealing with problems Selecting and implementing right set of IoT solutions that caters to business objective, multi vendor ecosystem and interoperability ( IoT components from different vendors), lack of prerequisite skills to configure, manage, deploy, and integrate IoT solutions, connectivity management of thousands of devices, sceptical on RoI and high initial cost of deployment, high upfront cost and continuous investment on operational expenditure (OPEX) for operation process and handling data, applications, and devices security. Managed service plays key role in successfully implementing IoT solutions in manufacturing with laser focused on delivering services at each layers starting from development, selection, deployment, implementation, and connectivity. Managed service providers focus on delivering  end to end IoT services with their core expertize and addresses IoT infrastructure, management, connectivity, and security issues at lower cost  and adheres to government regulations .

Smart Energy vertical to hold a second largest market size during the forecast period

Some of the major challenges energy companies are facing are modernizing grid infrastructure, workforce management, and cyberattacks. To overcome these challenges, the energy industry has started adopting the IoT technology along with analytics. IoT platforms are helping energy and utility companies to overcome such challenges by offering applications and capabilities to help improve asset maintenance, asset utilization, and performance management. Also, these platforms help energy companies to integrate IoT assets with existing IT infrastructure and provide real-time data analysis for the same.

North America to hold the largest market size during the forecast period

In North America, the US and Canada are the two major contributors to the overall IoT solutions and services market growth. The number of IoT connections in North America is estimated to reach 5.9 billion by 2025. The major demand for IoT in North America comes from industries such as manufacturing, transportation, and healthcare. The major challenges faced by these industries include data analytics, security of the IoT devices, and complex event processing. This has encouraged IoT companies to focus more on overcoming these challenges.

Key market players

Major vendors in the global IoT solutions and services market Accenture (Ireland) , Atos (France), IBM (US), DXC Technology (US) Deloitte (UK), Cisco (US), Huawei(China), Sierra Wireless (Canada), ARUBA HPE (US), Microsoft (US), AWS (US), PTC (US), and Oracle (US).

Microsoft IoT software helps build and deploy secure, scalable IoT applications using a comprehensive portfolio of managed, platform solutions, and services. The company offers secure, scalable IoT software that collects and analyses real-time device data to trigger automatic alerts and actions, including performing remote diagnostics and automatically initiating maintenance requests.  It offers a managed solution that builds apps quickly by reducing the number of decisions that have to be made to achieve results. Most elements of the platform are already coded and managed to focus on adding industrial knowledge and rapidly scaling and connecting devices.

Azure Stream Analytics is a real-time analytics and complex event-processing engine that is designed to analyze and process high volumes of fast streaming data from multiple sources simultaneously. It enhances AI productivity for every developer and digital transformation by collecting untapped data and finding new insights from connected devices, assets, and sensors.

Scope of the Report

Report Metric

Details

Market size available for years

2016–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Billion (USD)

Segments covered

Component, Solution, Services, Application, Vertical, and Region

Geographies covered

North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)

Companies covered

Accenture (Ireland) , Atos (France), IBM (US), DXC Technology (US) Deloitte (UK), Cisco (US), Huawei(China), Sierra Wireless (Canada), ARUBA HPE (US), Microsoft (US), AWS (US), PTC (US), and Oracle (US)

This research report categorizes the IoT solutions and services based on component, solution, services, application, vertical, and region.

By component:

  • Hardware
  • Platform
  • Solutions
  • Services

By solution:

  • Data Analytics and Machine Learning
  • Complex Event Processing
  • Network Management
  • Cybersecurity

By service:

  • Consulting
  • Integration and deployment
  • Support and maintenance

By Hardware:

  • Access Points
  • Antennas
  • Router/Gateways

By Platform

  • Data Management
  • Device Management
  • Network Management

By Application:

  • Remote asset monitoring/Predictive maintenance
  • Product Optimization
  • Workforce Tracking
  • Safety and Emergency Management
  • Identity Access Management
  • Energy Efficiency
  • Parking Management
  • Water Management
  • Telemedicine
  • Clinical Operations Management
  • Imaging and Diagnostics
  • Remote Patient Monitoring
  • Energy Consumption
  • Energy Transmission and Distribution
  • Production Optimization
  • Cargo Tracking
  • Fleet Management
  • Warehouse Management

By vertical:

  • Smart Manufacturing
  • Smart Transportation
  • Smart Energy
  • Connected Healthcare
  • Smart Building

By region:

  • North America
    • United States (US)
  • Europe
    • United Kingdom (UK)
    • Germany
    • France
  • Asia Pacific (APAC)
    • China
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • Latin America
    • Brazil

Recent Developments

  • In October 2019, Microsoft announced new capabilities to deliver highly secure IoT solutions for improving safety and addressing social issues by predicting and preventing equipment failures, optimizing smart buildings for space utilization, and energy management..
  • In February 2020, Cisco announced advancements to its IoT portfolio by introducing innovations to improve management and reduce deployment complexities. This includes ML to improve management, provide smart billing to optimize rate plans, and offer support for global supply chains.
  • In May 2019, Oracle Malaysia had launched its cloud solution hub to support small and medium enterprises (SMEs) for emerging technologies, such as Blockchain, IoT, ML, AI, Data Analytics, and Autonomous Databases, to drive the business value and growth.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 MARKET DYNAMICS
    1.1 DRIVERS
    1.2 CHALLENGES

2 EXECUTIVE SUMMARY
  TABLE 1 IOT SOLUTIONS AND SERVICES MARKET, BY REGION, 2019-2024 (USD BILLION)
  TABLE 2 IOT SERVICES MARKET SIZE, BY REGION, 2019-2024 (USD BILLION)
  TABLE 3 IOT PLATFORM MARKET SIZE, BY REGION, 2019-2024 (USD BILLION)
  TABLE 4 IOT SOFTWARE MARKET SIZE, BY REGION, 2019-2024 (USD BILLION)

3 IOT SERVICES MARKET
    3.1 COMPETITIVE LANDSCAPE
    3.2 COMPANY PROFILES
           3.2.1 ACCENTURE
           3.2.2 DXC TECHNOLOGY
           3.2.3 ATOS
           3.2.4 IBM
           3.2.5 DELOITTE
    3.3 IOT SERVICES MARKET BY TYPE 
        FIGURE 1 IOT SERVICES MARKET SIZE, 2019-2024 (USD BILLION)
        FIGURE 2 IOT SERVICES MARKET SIZE, BY TYPE 2016-2024 (USD BILLION)
           3.3.1 CONSULTING SERVICES
           3.3.2 INTEGRATION AND DEPLOYMENT
           3.3.3 SUPPORT AND MAINTENANCE
           3.3.4 MANAGED SERVICES
    3.4 IOT SERVICES MARKET, BY END USER
        FIGURE 3 IOT SERVICES MARKET SIZE, BY END USER 2016-2024 (USD BILLION)
           3.4.1 SMART MANUFACTURING
                 FIGURE 4 IOT SERVICES MARKET SIZE: SMART MANUFACTURING BY USE CASE 2016-2024 (USD BILLION)
                    3.4.1.1 Asset management/predictive maintenance
                    3.4.1.2 Production optimization
                    3.4.1.3 Workforce tracking
                    3.4.1.4 Safety and emergency management
                    3.4.1.5 Identity and access management
                    3.4.1.6 Energy efficiency
           3.4.2 SMART BUILDING
                 FIGURE 5 IOT SERVICES MARKET SIZE: SMART BUILDING BY USE CASE 2016-2024
                    3.4.2.1 Parking management
                    3.4.2.2 Water management
                    3.4.2.3 Energy efficiency
                    3.4.2.4 Asset management/predictive maintenance
                    3.4.2.5 Identity and access management
           3.4.3 CONNECTED HEALTHCARE
                 FIGURE 6 IOT SERVICES MARKET SIZE: CONNECTED HEALTHCARE BY USE CASE 2016-2024 (USD BILLION)
                    3.4.3.1 Telemedicine
                    3.4.3.2 Clinical operations management
                    3.4.3.3 Imaging and diagnostics
                    3.4.3.4 Remote patient monitoring
                    3.4.3.5 Workforce tracking
                    3.4.3.6 Safety and emergency management
                    3.4.3.7 Identity and access management
           3.4.4 SMART ENERGY
                 FIGURE 7 IOT SERVICES MARKET SIZE: SMART ENERGY BY USE CASE 2016-2024 (USD BILLION)
                    3.4.4.1 Energy consumption
                    3.4.4.2 Energy Transmission and distribution
                    3.4.3.3 Asset management/predictive maintenance
                    3.4.3.4 Production optimization
                    3.4.3.5 Workforce tracking
                    3.4.3.6 Safety and emergency management
           3.4.5 SMART TRANSPORTATION
                 FIGURE 8 IOT SERVICES MARKET SIZE: SMART TRANSPORTATION BY USE CASE 2016-2024 (USD BILLION)
                    3.4.5.1 Cargo tracking
                    3.4.5.2 Fleet management
                    3.4.5.3 Warehouse Management
                    3.4.5.4 Workforce tracking
                    3.4.5.5 Safety and emergency management
    3.5 IOT SERVICES MARKET, BY REGION
        FIGURE 9 IOT SERVICES MARKET SIZE BY REGION 2016-2024 (USD BILLION)
        FIGURE 10 IOT SERVICES MARKET SIZE BY COUNTRY 2016-2024 (USD BILLION)
           3.5.1 NORTH AMERICA
                    3.5.1.1 United States
           3.5.2 EUROPE
                    3.5.2.1 United Kingdom
                    3.5.2.2 Germany
                    3.5.2.3 France
           3.5.3 ASIA PACIFIC
                    3.5.3.1 China
           3.5.4 MIDDLE EAST AND AFRICA
                    3.5.4.1 Saudi Arabia
                    3.5.4.2 UAE
           3.5.5 LATIN AMERICA
                    3.5.5.1 Brazil

4 IOT HARDWARE MARKET
    4.1 COMPETITIVE LANDSCAPE
    4.2 COMPANY PROFILES
           4.2.1 CISCO
           4.2.2 HUAWEI
           4.2.3 SIERRA WIRELESS
           4.2.4 ARUBAHPE
    4.3 IOT HARDWARE MARKET, BY TYPE
           4.3.1 ACCESS POINTS
           4.3.2 ANTENNAS
           4.3.3 ROUTERS AND GATEWAYS
    4.4 IOT HARDWARE MARKET, BY END USER 
           4.4.1 SMART MANUFACTURING
                    4.4.1.1 Asset management/predictive maintenance
                    4.4.1.2 Production optimization
                    4.4.1.3 Workforce tracking
                    4.4.1.4 Safety and emergency management
                    4.4.1.5 Identity and access management
                    4.4.1.6 Energy efficiency
           4.4.2 SMART BUILDING
                    4.4.2.1 Parking management
                    4.4.2.2 Water management
                    4.4.2.3 Energy efficiency
                    4.4.2.4 Asset management/predictive maintenance
                    4.4.2.5 Identity and access management
           4.4.3 CONNECTED HEALTHCARE
                    4.4.3.1 Telemedicine
                    4.4.3.2 Clinical operations management
                    4.4.3.3 Imaging and diagnostics
                    4.4.3.4 Remote patient monitoring
                    4.4.3.5 Workforce tracking
                    4.4.3.6 Safety and emergency management
                    4.4.3.7 Identity and access management
           4.4.4 SMART ENERGY
                    4.4.4.1 Energy consumption
                    4.4.4.2 Energy transmission and distribution
                    4.4.4.3 Asset management/predictive maintenance
                    4.4.4.4 Production optimization
                    4.4.4.5 Workforce tracking
                    4.4.4.6 Safety and emergency management
           4.4.5 SMART TRANSPORTATION
                    4.4.5.1 Cargo tracking
                    4.4.5.2 Fleet management
                    4.4.5.3 Warehouse management
                    4.4.5.4 Workforce tracking
                    4.4.5.5 Safety and emergency management
    4.5 IOT HARDWARE MARKET, BY REGION
           4.5.1 NORTH AMERICA
                    4.5.1.1 United States
           4.5.2 EUROPE
                    4.5.2.1 United Kingdom
                    4.5.2.2 Germany
                    4.5.2.3 France
           4.5.3 ASIA PACIFIC
                    4.5.3.1 China
           4.5.4 MIDDLE EAST AND AFRICA
                    4.5.4.1 Saudi Arabia
                    4.5.4.2 UAE
           4.5.5 LATIN AMERICA
                    4.5.5.1 Brazil

5 IOT PLATFORM MARKET
    5.1 COMPETITIVE LANDSCAPE
    5.2 COMPANY PROFILES
           5.2.1 MICROSOFT
           5.2.2 AWS
           5.2.3 IBM
           5.2.4 PTC
    5.3 IOT PLATFORM MARKET, BY TYPE
           5.3.1 DEVICE MANAGEMENT
           5.3.2 NETWORK MANAGEMENT
           5.3.3 DATA MANAGEMENT
    5.4 IOT PLATFORM MARKET, BY END USER
           5.4.1 SMART MANUFACTURING
                    5.4.1.1 Asset management/predictive maintenance
                    5.4.1.2 Production optimization
                    5.4.1.3 Workforce tracking
                    5.4.1.4 Safety and emergency management
                    5.4.1.5 Identity and access management
                    5.4.1.6 Energy efficiency
           5.4.2 SMART BUILDING
                    5.4.2.1 Parking management
                    5.4.2.2 Water management
                    5.4.2.3 Energy efficiency
                    5.4.2.4 Asset management/predictive maintenance
                    5.4.2.5 Identity and access management
           5.4.3 CONNECTED HEALTHCARE
                    5.4.3.1 Telemedicine
                    5.4.3.2 Clinical operations management
                    5.4.3.3 Imaging and diagnostics
                    5.4.3.4 Remote patient monitoring
                    5.4.3.5 Workforce tracking
                    5.4.3.6 Safety and emergency management
                    5.4.3.7 Identity and access management
           5.4.4 SMART ENERGY
                    5.4.4.1 Energy consumption
                    5.4.4.2 Energy transmission and distribution
                    5.4.4.3 Asset management/predictive maintenance
                    5.4.4.4 Production optimization
                    5.4.4.5 Workforce tracking
                    5.4.4.6 Safety and emergency management
           5.4.5 SMART TRANSPORTATION
                    5.4.5.1 Cargo tracking
                    5.4.5.2 Fleet management
                    5.4.5.3 Warehouse management
                    5.4.5.4 Workforce tracking
                    5.4.5.5 Safety and emergency management
    5.5 IOT PLATFORM MARKET, BY REGION
           5.5.1 NORTH AMERICA
                    5.5.1.1 United States
           5.5.2 EUROPE
                    5.5.2.1 United Kingdom
                    5.5.2.2 Germany
                    5.5.2.3 France
           5.5.3 ASIA PACIFIC
                    5.5.3.1 China
           5.5.4 MIDDLE EAST AND AFRICA
                    5.5.4.1 Saudi Arabia
                    5.5.4.2 UAE
           5.5.5 LATIN AMERICA
                    5.5.5.1 Brazil

6 IOT SOFTWARE MARKET
    6.1 COMPETITIVE LANDSCAPE
    6.2 COMPANY PROFILES
           6.2.1 MICROSOFT
           6.2.2 CISCO
           6.2.3 IBM
           6.2.4 ORACLE
    6.3 IOT SOFTWARE MARKET, BY TYPE
           6.3.1 COMPLEX EVENT PROCESSING
           6.3.2 DATA ANALYTICS AND MACHINE LEARNING
           6.3.3 NETWORK MANAGEMENT
           6.3.4 CYBERSECURITY
    6.4 IOT SOFTWARE MARKET, BY END USER
           6.4.1 SMART MANUFACTURING
                    6.4.1.1 Asset management/predictive maintenance
                    6.4.1.2 Production optimization
                    6.4.1.3 Workforce tracking
                    6.4.1.4 Safety and emergency management
                    6.4.1.5 Identity and access management
                    6.4.1.6 Energy efficiency
           6.4.2 SMART BUILDING
                    6.4.2.1 Parking management
                    6.4.2.2 Water management
                    6.4.2.3 Energy efficiency
                    6.4.2.4 Asset management/predictive maintenance
                    6.4.2.5 Identity and access management
           6.4.3 CONNECTED HEALTHCARE
                    6.4.3.1 Telemedicine
                    6.4.3.2 Clinical operations management
                    6.4.3.3 Imaging and diagnostics
                    6.4.3.4 Remote patient monitoring
                    6.4.3.5 Workforce tracking
                    6.4.3.6 Safety and emergency management
                    6.4.3.7 Identity and access management
           6.4.4 SMART ENERGY
                    6.4.4.1 Energy consumption
                    6.4.4.2 Energy transmission and distribution
                    6.4.4.3 Asset management/predictive maintenance
                    6.4.4.4 Production optimization
                    6.4.4.5 Workforce tracking
                    6.4.4.6 Safety and emergency management
           6.4.5 SMART TRANSPORTATION
                    6.4.5.1 Cargo tracking
                    6.4.5.2 Fleet management
                    6.4.5.3 Warehouse management
                    6.4.5.4 Workforce tracking
                    5.4.5.5 Safety and emergency management
    6.5 IOT SOFTWARE MARKET, BY REGION
           6.5.1 NORTH AMERICA
                    6.5.1.1 United States
           6.5.2 EUROPE
                    6.5.2.1 United Kingdom
                    6.5.2.2 Germany
                    6.5.2.3 France
           6.5.3 ASIA PACIFIC
                    6.5.3.1 China
           6.5.4 MIDDLE EAST AND AFRICA
                    6.5.4.1 Saudi Arabia
                    6.5.4.2 UAE
           6.5.5 LATIN AMERICA
                    6.5.5.1 Brazil

The study involved four major activities in estimating the current market size of the IoT solutions and services market. An extensive secondary research was done to collect information on the market, peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used 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 subsegments of the IoT solutions and services.

Secondary Research

In the secondary research process, various secondary sources, such as Factiva, D&B Hoovers, Bloomberg, have been referred to for identifying and collecting information for this study. Secondary sources included were annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; Research and Development (R&D) organizations; regulatory bodies; and databases. Journals, repositories, and resources from the Journal were referred to understand the integration of IoT solutions and services.

Primary Research

Various primary sources from both the supply and demand sides of the IoT solutions and service market were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), technology and innovation directors, and related key executives from various vendors offering IoT solutions and service solutions, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

The following is the breakup of primary profiles:

IoT Solutions  and Services Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the IoT solutions and service market. The top-down approach was used to derive the revenue contribution of top vendors and their offerings in the market. The bottom-up approach was used to arrive at the overall market size of the global IoT solutions and service using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market were identified through extensive secondary research
  • The market size, in terms of value, was determined through primary and secondary research processes
  • All percentages, shares split, and breakups were determined using secondary sources and verified through primary sources

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. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and forecast the IoT solutions and services market by component (platform,solution and services), application, vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and
  • industry-specific challenges) influencing the market growth
  • To analyze the opportunities in the market and provide details of the competitive landscape for
  • stakeholders and market leaders
  • To forecast the market size of the segments with respect to five main regions: North America,
  • Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To profile the key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments, such as partnerships, new product launches, and  mergers and acquisitions, in the IoT solutions and services market

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:

Product analysis

  • Product matrix provides a detailed comparison of the product portfolio of each company

Geographic analysis

  • Further breakup of the North American IoT solutions and services market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the Latin American market
  • Further breakup of the MEA market

Company information

  • Detailed analysis and profiling of additional market players up to 5
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Report Code
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Published ON
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