Internet of Things (IoT) Professional Services Market

Accenture (Ireland) and Atos SE (France) are leading players in Internet of Things (IoT) Professional Services Market

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.

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 IoT professional services 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.

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Accenture (Ireland) is one of the leading vendors in the IoT professional services market. The company is working toward enhancing its market share and presence by adopting various organic and inorganic growth strategies such as partnerships, collaborations, and mergers and acquisitions. For instance, in December 2018, Accenture acquired PrimeQ, an Oracle Software as a Service (SaaS) cloud implementation service provider. This acquisition is expected to strengthen the Oracle capabilities of Accenture and help it deliver new value to its clients by accelerating the digital transformation of their businesses through the Oracle cloud. Additionally, in August 2017, Accenture and Apple partnered to develop a dedicated iOS practice within the digital studios arm of Accenture with the help of experts from Apple. This partnership offered innovative IoT services to businesses to enable them to engage their customers.

Atos (France) is another top player in the IoT professional services market. It has majorly adopted organic growth strategies to diversify its product offerings with the help of various innovative technologies. In line with its organic growth strategies, Atos entered into a partnership with the Western Australian (WA) Department of Health for a digital transformation project in March 2019. 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. Similarly, in January 2019, Atos released its new Horus security suite for Intelligent Transportation Systems (ITS) to ensure the security of communications taking place in connected vehicles.

Related Reports:

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

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Report Code
TC 4986
RI Published ON
4/25/2019
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