The IoT professional services market encompasses a wide range of consulting, implementation, integration, support, and managed services tailored to assist organizations in planning, deploying, managing, and optimizing IoT solutions. These services address various aspects of IoT projects, including strategy development, solution architecture, device connectivity, data management, analytics, security, and ongoing support.
The Global Internet Of Things (IOT) Professional Service market research report published by market insight reports discovers the current outlook in global and key regions from the viewpoint of Major Players, Countries, Product Types, and end industries. This report studies top players in the global market and divides the Market into several parameters.
This Internet Of Things (IOT) Professional Service Market research report pinpoints the competitive landscape of industries to understand the competition at the International level. This report study describes the projected growth of the global market for approaching years from 2024 to 2030.
This research report has been accumulated based on static and dynamic views of the businesses.
The Internet of things (IOT) Professional Service market is expected to grow at 6.4% CAGR from 2024 to 2030. It is expected to reach above USD 180.16 billion by 2029 from USD 103.08 billion in 2020.
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Market Growth Drivers:
- Rapid Adoption of IoT Solutions: Organizations across industries are increasingly embracing IoT technology to improve operational efficiency, enhance customer experiences, enable data-driven decision-making, and drive innovation.
- Need for Expertise and Guidance: Many organizations lack the internal expertise, resources, and experience required to design, deploy, and manage IoT solutions effectively. IoT professional services providers offer specialized knowledge, skills, best practices, and industry insights to support clients in achieving their IoT objectives.
- Industry-Specific Requirements: Different industries have unique IoT use cases, requirements, and regulatory considerations. Professional services providers tailor their offerings to address the specific needs of industries such as manufacturing, healthcare, transportation, smart cities, agriculture, energy, and retail.
- Security and Privacy Concerns: Security vulnerabilities and privacy risks are major concerns in IoT deployments due to the proliferation of connected devices and potential exposure to cyber threats. IoT professional services include security assessments, risk mitigation strategies, and implementation of security measures to protect IoT ecosystems.
- Data Management and Analytics: IoT generates vast amounts of data from sensors, devices, and systems, which organizations can leverage for insights, predictive analytics, and optimization. Professional services help organizations manage, analyze, and derive value from IoT data through advanced analytics, machine learning, and artificial intelligence (AI) techniques.
The Leading Players in the Global Internet Of Things (IOT) Professional Service Market:
Accenture PLC, Cognizant Technology Solutions Corporation, IBM Corporation, Oracle Corporation, Tata Consultancy Services Ltd., NTT Data Corporation, Infosys Limited, Atos Group, Capgemini SE, and DXC Technology Company.
IoT Professional Services Market News
- March 2023: KORE Group Holdings, a global player in pure-play IoT solutions and connectivity-as-a-service (“IoT CaaS”), has agreed to purchase Twilio’s IoT business division as part of a growth strategy to offer customers a unified, smooth approach to launching IoT solutions.
- November 2022: A Memorandum of Understanding was signed between Disrupt-X, an IoT platform provider based in the UAE, and LORIOT, a global IoT company based in Switzerland, to assist in deploying the next generation of IoT solutions leveraging the adequate LoRaWAN infrastructure. The alliance plans to market IoT products primarily in the European market.
- February 2022: Astrocast, a global nanosatellite IoT network, announced a partnership agreement with IoT service provider, UnaBiz, to develop an end-to-end IoT solution for asset tracking and monitoring. Through the partnership, Astrocast will provide its direct-to-satellite data service offering and consulting services to UnaBiz. Furthermore, UnaBiz is expected to facilitate the onboarding of Astrocast-enabled devices on UnaConnect, and an ISO27001-certified IoT device management data platform that manages close to a million IoT devices.
- February 2022: Boingo Wireless, a total connectivity provider of distributed antenna systems (DAS), Wi-Fi, and private network, announced its partnership with Qualcomm Technologies Inc. and the Qualcomm Smart Cities Accelerator Program ecosystem to streamline the deployment of IoT devices for venue and enterprise customers leveraging the Qualcomm IoT Services Suite.
Segmentation Analysis of the market:
The market is segmented based on the type, product and application. The segmentation helps to deliver a precise explanation of the market.
Internet Of Things (Iot) Professional Service Market By Service Type, 2020-2029
Iot Consulting
Iot Infrastructure
System Designing And Integration
Support And Maintenance
Education And Training
Internet Of Things (Iot) Professional Service Market By Deployment, 2020-2029
On Premises
Cloud
Internet Of Things (Iot) Professional Service Market By Organization Size, 2020-2029
Large
Medium
Small
Internet Of Things (Iot) Professional Service Market By Application, 2020-2029
Smart Building
Smart Manufacturing
Others
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Regional Analysis for Internet Of Things (IOT) Professional Service Market:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of the Internet Of Things (IOT) Professional Service Market in these regions, from 2024 to 2030 (forecast) covering:
Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia–Pacific (China, Japan, Korea, India, and Southeast).
North America is Expected to Hold the Largest Market Share
The North America region is expected to hold significant market shares owing to the presence of prominent players in the telecom industry, such as AT&T, IBM, and General Electric, which continuously invest in building up and advancing their infrastructure to keep pace with technological advancements. This is expected to boost the adoption of IoT professional services over the forecast period.
Important Features that are under Offering and Key Underlines of the Reports:
– Detailed overview of the market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.,
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Internet Of Things (IOT) Professional Service Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2029)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Table of Contents
– Market Summary
– Economic Impact Competition Analysis by Players
– Production, Revenue (Value) by geographical segmentation
– Internet Of Things (IOT) Professional Service Market Size by Type and Application
– Regional Market Status and Outlook
– Internet Of Things (IOT) Professional Service Market Analysis and Outlook
– Market Forecast by Region, Type, and Application
– Cost Investigation, Market Dynamics
– Marketing Strategy comprehension, Distributors and Traders
– Market Effect Factor Analysis
– Research Finding/ Conclusion
– Appendix
Finally, the Internet Of Things (IOT) Professional Service Market report is a believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, market development rate and figure, and so on.
Internet Of Things (IOT) Professional Service industry report additionally Presents new task SWOT examination, speculation attainability investigation, and venture return investigation.
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