IoT Professional Services Market 2017 to 2025 by Types, Applications, Technological Developments, Analysis, Opportunities, Growth, Drivers Covering Top Players

 

IoT Professional Services Market

IoT refers to the Internet of Things, it is developing network of physical gadgets that feature an IP address for net connectivity, and the communication that takes place between these objects and other internet-enabled devices and structures. IoT expert services give a complete portfolio of services and competencies to guide the complete IoT life cycle.

 

Market Growth Factors:

IoT professional services market has major drivers for the growth of the market like rising demand for IoT services in industrial and transportation sector. The growing adoption of virtual transformation services in corporations by opting specialized IoT enterprise and technology consulting services is also one of the driver for the growth of this market. Growing fashion of adopting IoT professional services to reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) is another growing factor for IoT prefessional services market. The service called IoT consulting services are growing due to the adoption of technology, connected gadgets, and automation.

 

Market Segmentation:

The IoT professional services market is segmented into different number of segments like service type, application, and region. This market provides different types of services like IoT consulting services, technology consulting services, business consulting services, operational consulting services, IoT infrastructure services, network services, and others. The major advantages of IoT consulting services are realize commercial enterprise benefits in a timely manner, reduce cost of compliance, protection issues, and enhance the internal capability. IoT consulting services is considered to hold the largest market share. There are different applications of IoT professional services like smart buildings, smart manufacturing, smart transport and logistics, smart healthcare, smart retail, and smart energy. Smart transportation and logistics is integrating superior technologies with the transportation and logistics infrastructure and delivering actual-time online facts, and this service is predicted to grow at highest CAGR.

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Regional Analysis:

IoT professional services market is divided into different regional segments like-

• North America

  o US

  o Canada

  o Mexico

• Europe

  o UK

  o Germany

  o France

  o Italy

  o Spain

  o Rest of Europe

• Asia-Pacific

  o China

  o India

  o Japan

  o Australia

  o South Korea

  o Rest of Asia-Pacific

• LAMEA

  o Brazil

  o UAE

  o South Africa

  o Rest of the LAMEA

As per the regional analysis, North America is predicted to hold the largest market share in the IoT professional services market. The reasons for holding the largest market share is due to its technological advancements, adoption of latest generation and presence of a strong domestics solution providers have contributed to move towards smart infrastructure from conventional infrastructure.

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Competitive Analysis:

The key vendors of IoT professional services market are-

  • Capgemini
  • NTT DATA Corporation
  • IBM Corporation
  • Wipro Limited Tech Mahindra
  • Infosys Limited
  • Tata Consultancy Services
  • Accenture PLC
  • Cognizant Technology
  • Atos SE

Accenture is expanding its business in Hungary. The entry of various competitors in the market will take place due to the growing factors of this market.

 

Latest News:

Emerson named Industrial IoT Company of the year.

On February 5, 2018 Emerson, an international automation technology and software industry, has been named the “Industrial IoT company of the year” with the aid of IoT breakthrough.

 

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