The global IoT professional services market is expected to account for USD 158.9 billion by 2027, growing at a CAGR of 6.4% during the forecast period.
The major players in the IoT Professional services market include Accenture (Ireland), Atos (France), IBM (US), Cognizant (US), DXC Technology (US), Deloitte (UK), Capgemini (France), TCS (India), NTT DATA (Japan), Infosys (India), AT&T (US), Wipro (India), General Electric (US), Honeywell (US), Oracle (US), HCL Technologies (India), EY (UK), Unisys (US), Vodafone (UK), Tech Mahindra (India), Happiest Minds (India), Mindtree (India), Prodapt (India), Siemens Advanta Consulting ( Germany), ORBCOMM (US), PureSoftware (India), Velvetech (US), Jaarvis (Australia) , Eseye (UK), Cuelogic (US). These market players have adopted various growth strategies, such as partnerships, collaborations, and new product launches, to expand have been the most adopted strategies by major players from 2018 to 2021, which helped companies innovate their offerings and broaden their customer base.
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IBM is one of the leading providers of hardware, software, and a broad range of infrastructure, IoT, cloud, and consulting solutions. It operates through six business segments: technology solutions and cloud platforms, cognitive solutions, global business solutions, systems, global financing, and others. It offers a diversified product portfolio that ranges from software to finances and storage to integrated systems. The company’s IoT based offerings provide comprehensive solutions for enterprise IoT, cloud, storage and analytics requirements. It provides consultation, solution designing, integration services, and analysis capabilities. These solutions can be extensively customized and configured to manage multiple devices. IBM provides solutions to various verticals, such as IT, healthcare and life sciences, government, telecom, automobile, manufacturing, consumer goods, chemicals and petroleum, electronics, energy & power, media & entertainment, mining, retail, BFSI, travel & transportation, and education. IBM has a presence in North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Accenture is a leading global provider of information and communications technology infrastructure. It is committed to digitalizing organizations in a fully connected world. It has a wide range of products that cater to IoT, cloud computation, telecommunication, and other solutions. In the areas of strategy, consulting, digital, technology, and operations, it offers a broad range of services and solutions. Several industries, including agribusiness, automotive, banking, capital markets, chemicals, media and technology, and communications, are served by the companys consulting, technology, and outsourcing services. For clients, Accenture manages business operations for corporate functions like sourcing and procurement, finance and accounting, supply chain, marketing, and sales. Additionally, it provides services tailored to particular industries, including banking, platform trust and security, insurance, and health services. It conducts business in the Asia-Pacific, Europe, and Americas. Dublin, Ireland serves as the headquarters of Accenture.
IoT Professional Services Market by Service type (IoT consulting, IoT Infrastructure, System Designing and Integration, Support and Maintenance, Education and Training), Organization Size, Deployment Type, Application & Region - Global Forecast to 2027
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