Market Overview:
The global internet of things (IoT) professional services market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for IoT professional services from various application areas such as intelligent manufacturing, intelligent transportation and logistics, intelligent medical, smart retail, and intelligent energy. Moreover, the growing need for managed services and consulting services is also fueling the growth of this market. North America is expected to hold the largest share of the global IoT professional services market in 2018 followed by Europe and Asia Pacific.
 Professional Services Industry Outlook.svg)
Product Definition:
IoT professional services are designed to help organizations get the most out of their IoT deployments. Services may include consulting, design, development, deployment and/or management services. The importance of IoT professional services is that they can help organizations overcome the challenges associated with deploying and managing large-scale IoT deployments.
Consulting:
Consulting is a business process in which an individual or a company provides advice and consultation to another person or company, with the objective of helping them achieve their goals. The main factor driving the growth of consulting industry is growing need for expertise in various fields such as technology, finance, marketing & branding and others.
The primary function performed by consultants is strategy consulting and operational consulting.
Infrastructure:
IoT professional services are used to design, develop and deploy infrastructure for supporting IoT applications. The service providers offer end-to-end solutions from the strategy to deployment of the infrastructure. They also provide support and maintenance during operation as well as help in optimizing the performance of end devices.
Infrastructure is a set of components that supports application development, data storage, communication protocols along with management tools for governing and controlling overall system operations.
Application Insights:
The global internet of things professional services market has been segmented into five categories, namely intelligent manufacturing, smart retail, intelligent transportation and logistics, medical and energy. The medical application is anticipated to witness the highest growth over the forecast period owing to increasing demand for connected devices in healthcare applications. For instance, according to a study published by Gartner Inc., it was estimated that by 2020 more than 25 billion connected objects will be in use across healthcare sector globally.
The smart energy segment is expected to grow significantly over the forecast period owing to growing demand for IoT solutions in various sectors such as home security systems & appliances; building automation systems; renewable energy generation; etc. Furthermore, rising need for data collection and monitoring activities related to electricity distribution networks will drive growth further.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing investments by various governments and other organizations for developing smart cities, enhanced security systems, and adoption of connected cars. Moreover, growing demand for energy efficiency coupled with technological advancements such as remote monitoring & control system is further anticipated to drive the regional market growth.
Asia Pacific region accounted for more than 30% of global revenue in 2017 owing to increased penetration rates of IoT devices in several sectors such as manufacturing industry, retail sector among others. Increasing number of MNCs establishing their business operations across Asia Pacific countries has also contributed significantly towards regional growth. For instance; In October 2016; Alibaba Group Holding Ltd., a Chinese e-commerce giant established its first overseas office in Singapore with an aim to promote its cloud computing business within Southeast Asian region thereby contributing towards overall industry development trends over the next eight years (2016 - 2026).
Growth Factors:
- Proliferation of connected devices and sensors: The number of connected devices is expected to grow from around 15 billion in 2015 to over 50 billion by 2020. This will create a large pool of potential IoT adopters and increase the demand for IoT professional services.
- Increased focus on data-driven decision making: Organizations are increasingly looking to derive value from data collected by connected devices and sensors. This is driving the need for professional services that can help organizations capture, process, and analyze this data effectively.
- Emergence of new use cases: The IoT market is still in its early stages and there is a lot of scope for innovation in terms of new use cases and applications. Professional service providers who are able to identify these new opportunities will be well placed to capitalize on the growth potential of the IoT market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Internet of Things (IoT) Professional Services Market Research Report
By Type
Consulting, Infrastructure, System Designing & Integration, Support & Maintenance
By Application
Intelligent Manufacturing, Intelligent Transportation And Logistics, Intelligent Medical, Smart Retail, Intelligent Energy
By Companies
Accenture, Atos, Capgemini, Cognizant Technology Solutions, Happiest Minds Technologies, IBM, Infosys, Ntt Data, Tata Consultancy Services, Tech Mahindra, Wipro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Internet of Things (IoT) Professional Services Market Report Segments:
The global Internet of Things (IoT) Professional Services market is segmented on the basis of:
Types
Consulting, Infrastructure, System Designing & Integration, Support & Maintenance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Intelligent Manufacturing, Intelligent Transportation And Logistics, Intelligent Medical, Smart Retail, Intelligent Energy
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture
- Atos
- Capgemini
- Cognizant Technology Solutions
- Happiest Minds Technologies
- IBM
- Infosys
- Ntt Data
- Tata Consultancy Services
- Tech Mahindra
- Wipro
 Professional Services Market Overview.svg)
Highlights of The Internet of Things (IoT) Professional Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Consulting
- Infrastructure
- System Designing & Integration
- Support & Maintenance
- By Application:
- Intelligent Manufacturing
- Intelligent Transportation And Logistics
- Intelligent Medical
- Smart Retail
- Intelligent Energy
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Internet of Things (IoT) Professional Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Professional Services Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Internet of Things (IoT) Professional Services is a suite of services that help organizations build, manage, and deploy IoT solutions. These services include consulting, development, deployment, and support for IoT platforms such as Amazon Web Services (AWS), Microsoft Azure cloud platform, Google Cloud Platform (GCP), IBM Bluemix cloud platform and more.
Some of the major companies in the internet of things (iot) professional services market are Accenture, Atos, Capgemini, Cognizant Technology Solutions, Happiest Minds Technologies, IBM, Infosys, Ntt Data, Tata Consultancy Services, Tech Mahindra, Wipro.
The internet of things (iot) professional services market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Internet of Things (IoT) Professional Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Internet of Things (IoT) Professional Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internet of Things (IoT) Professional Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Internet of Things (IoT) Professional Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Internet of Things (IoT) Professional Services Market Size & Forecast, 2020-2028
4.5.1 Internet of Things (IoT) Professional Services Market Size and Y-o-Y Growth
4.5.2 Internet of Things (IoT) Professional Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Consulting
5.2.2 Infrastructure
5.2.3 System Designing & Integration
5.2.4 Support & Maintenance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Intelligent Manufacturing
6.2.2 Intelligent Transportation And Logistics
6.2.3 Intelligent Medical
6.2.4 Smart Retail
6.2.5 Intelligent Energy
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Internet of Things (IoT) Professional Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Internet of Things (IoT) Professional Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Consulting
9.6.2 Infrastructure
9.6.3 System Designing & Integration
9.6.4 Support & Maintenance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Intelligent Manufacturing
9.10.2 Intelligent Transportation And Logistics
9.10.3 Intelligent Medical
9.10.4 Smart Retail
9.10.5 Intelligent Energy
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Consulting
10.6.2 Infrastructure
10.6.3 System Designing & Integration
10.6.4 Support & Maintenance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Intelligent Manufacturing
10.10.2 Intelligent Transportation And Logistics
10.10.3 Intelligent Medical
10.10.4 Smart Retail
10.10.5 Intelligent Energy
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Consulting
11.6.2 Infrastructure
11.6.3 System Designing & Integration
11.6.4 Support & Maintenance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Intelligent Manufacturing
11.10.2 Intelligent Transportation And Logistics
11.10.3 Intelligent Medical
11.10.4 Smart Retail
11.10.5 Intelligent Energy
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Consulting
12.6.2 Infrastructure
12.6.3 System Designing & Integration
12.6.4 Support & Maintenance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Intelligent Manufacturing
12.10.2 Intelligent Transportation And Logistics
12.10.3 Intelligent Medical
12.10.4 Smart Retail
12.10.5 Intelligent Energy
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Consulting
13.6.2 Infrastructure
13.6.3 System Designing & Integration
13.6.4 Support & Maintenance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Intelligent Manufacturing
13.10.2 Intelligent Transportation And Logistics
13.10.3 Intelligent Medical
13.10.4 Smart Retail
13.10.5 Intelligent Energy
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Internet of Things (IoT) Professional Services Market: Competitive Dashboard
14.2 Global Internet of Things (IoT) Professional Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 Atos
14.3.3 Capgemini
14.3.4 Cognizant Technology Solutions
14.3.5 Happiest Minds Technologies
14.3.6 IBM
14.3.7 Infosys
14.3.8 Ntt Data
14.3.9 Tata Consultancy Services
14.3.10 Tech Mahindra
14.3.11 Wipro
