Internet of Things (IoT) Integration Market

Infosys (India) and TCS (India) are the Leading Players in the Internet of Things (IoT) Integration Market

The IoT integration services market is gaining traction due to the growing need to integrate, interoperate, and manage the rising number of heterogeneous smart devices in the overall IoT ecosystem. The growth of the Bring Your Own Device (BYOD) trend, demand for remote workplace management, and need for data consistency are some of the other factors contributing to the growth of the IoT integration services market. MarketsandMarkets forecasts the global IoT integration services market size to grow from USD 759.5 Million in 2017 to USD 3,301.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 34.2%.

There are several established players in the IoT integration services market, such as Cognizant (US), Infosys (India), HCL Technologies (India), Capgemini (France), TCS (India), Wipro (India), Atos SE (France), Intel Corporation (US), MuleSoft (US), SoftDEL (US), Phitomas (Malaysia), Meshed (Australia), and Allerin (US). These leading players have adopted various strategies, such as partnerships, collaborations, agreements, mergers, acquisitions, and new product developments, to achieve growth in the global IoT integration services market.

Infosys is one of the leading players in the IoT integration services market. The company adopts both organic and inorganic growth strategies to enhance its market presence. It enters into various partnerships and strategic alliances with local as well as global players. In 2015, Infosys partnered with GE, a leading global digital industrial company. The partnership enabled Infosys to develop new solutions for Industrial Internet of Things (IIoT). The new solutions would help commercialize Infosys’ global clientele and assist Infosys to improve asset efficiency and build more intelligent links between design, production, and field testing. Similarly, in 2015, Infosys acquired Noah Consulting, a leading provider of advanced information management consulting services for the oil and gas industry. The acquisition helped Infosys provide technology and outsourcing services for the oil and gas industry, and next-generation data analytics solutions for commercial clients across the globe.

TCS is another established vendor in the IoT integration services market. The company has a strong geographic presence worldwide, including the regions of North America, Asia Pacific (APAC), Middle East and Africa (MEA), Europe, and Latin America. The company focuses more on inorganic growth strategies to tap the benefits of the IoT integration services market. In 2017, TCS partnered with Siemens, a leading integrated technology solution provider. The partnership enabled TCS to deliver industry solutions by using the Manufacturing Operations Management (MOM) portfolio of Siemens’ PLM software. Moreover, it provided joint solutions and delivery excellence to support digital enterprise transformation. In 2017, TCS partnered with Travelport, a leading technology provider. The partnership enabled TCS to innovate and shape a superior customer experience by leveraging the power of digital technologies. It also helped TCS accelerate the benefits of data and analytics in its business.

Related Reports:

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

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Report Code
TC 5388
Published ON
Jun, 2017
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