IoT Integration Market by Component (Solution and Service), Services (Advisory Services, Application Management Services, Database & Block Storage Management Services, Device & Platform Management Services, Infrastructure & Workload Management Services, Network Protocol Management Services, Service Provisioning & Directory Management Services, System Design & Architecture Services, Testing Services, and Third Party API Management Services), Organization Size (Large Enterprises and Small & Medium Enterprises), and Application (Energy & Utilities, Industrial Manufacturing & Automation, Smart Building & Home Automation, Smart Healthcare, Smart Retail, and Smart Transportation, and Logistics & Telematics): Global Opportunity Analysis and Industry Forecast, 2019–2026
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Mar 2020 |
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IoT Integration Market Outlook - 2026
The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals, or people that are is with a unique identifier with the ability to transfer data over a network without any human-to-human or human-to-computer interaction. IoT integration refers to the services that are provided by the vendors for efficient functioning of IoT devices. Different companies are moving more toward cloud-based integration systems to bring digital transformation, which enables rapid growth of the IoT integration market industry. Integration is useful to capture data from smart devices and move it into business applications to automate processes and apply analytics for insights. IoT integration has capabilities that matches competitive scenarios, which are constantly changing industries such as manufacturing, healthcare, transportation, energy, retail, and hospitality. IoT integration market opportunities can be attributed by aligning management strategy within organizational strategies.
Advancements in the IoT technology and wearable devices have led to the increase in the BYOD culture in organizations and remote workplace management. Further, need for data consistency in enterprises drive the growth of the market. In addition, extension in partnership agreement of IoT vendors and growing use of API approach for integration in organizations fuels the growth of the market. However, user’s safety and security concerns and lack of standards of interconnectivity and interoperability hampers the IoT integration market growth. Furthermore, API integration in various organization and the rise of adoption of IPAAS are anticipated to provide the major opportunities in the market.
The IoT integration market is segmented into component, services, organization size, application, and region. In terms of component, it is bifurcated into solution and service. By services, it is classified into advisory services, application management services, database & block storage management services, device & platform management services, infrastructure & workload management services, network protocol management services, service provisioning & directory management services, system design & architecture services, testing services, and third-party API management services. As per organization size, the IoT integration market is divided into large enterprises and small & medium enterprises. By application, it is classified into energy & utilities, industrial manufacturing & automation, smart building & home automation, smart healthcare, smart retail, smart transportation, and logistics & telematics. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the IoT integration market analysis are Cognizant Technology Solutions Corporation, IBM Corporation, NTT Data Corporation, ATOS SE, Dell Technologies Inc, Tata Consultancy Services Limited, Intel Corporation, Wipro Limited, Fujitsu Ltd, and Accenture PLC. Current and future IoT integration market trends are outlined to determine the overall attractiveness of the market.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global IoT integration market size along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about the key drivers, restraints, and opportunities and their impact analysis on the IoT integration market share is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the IoT integration industry.
- The quantitative analysis of the market from 2018 to 2026 is provided to determine the market potential.
KEY MARKET SEGMENTS
By Component
- Solution
- Services
By Services
- Advisory Services
- Application Management Services
- Database & Block Storage Management Services
- Device & Platform Management Services
- Infrastructure & Workload Management Services
- Network Protocol Management Services
- Service Provisioning & Directory Management Services
- System Design & Architecture Services
- Testing Services
- Third Party API Management Services
By Organization Size
- Large Enterprises
- Small and Medium Enterprises
By Application
- Energy & Utilities
- Industrial Manufacturing & Automation
- Smart Building & Home Automation
- Smart Healthcare
- Smart Retail
- Smart Transportation, Logistics & Telematics
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- Cognizant Technology Solutions Corporation
- IBM Corporation
- NTT Data Corporation
- ATOS SE
- Dell Technologies, Inc
- Tata Consultancy Services Limited
- Intel Corporation
- Wipro Limited
- Fujitsu Ltd.
- Accenture PLC
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