Market Overview:
The global IoT application development services market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for connected devices and the growing trend of BYOD (Bring Your Own Device). Additionally, the increasing adoption of cloud-based services and big data analytics is also contributing to the growth of this market. The global IoT application development services market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into mobile app development, web app development, and enterprise app development. In terms of application, it can be classified into healthcare IoT apps, entertainment IoT apps automotive IoT apps), and other applications (smart city initiatives etc.). Region-wise, it can be segmented into North America,, Latin America,, Europe,, Asia Pacific,,and Middle East & Africa).
Product Definition:
IoT application development services help businesses to connect and manage devices, sensors and other objects over the internet. These services can provide a variety of benefits, including improved communication and coordination between devices, enhanced data collection and analysis capabilities, as well as reduced costs and improved efficiency.
Mobile:
The global mobile is expected to reach 5 billion by 2025 and it's estimated that more than 60% of the total population would be using smartphones by then. The proliferation of smart devices, such as tablets, phablets, and wearable electronics coupled with growing penetration of 4G/3G services across the globe is anticipated to drive market growth over the forecast period.
Web:
The global what is web and it's usage in IoT application development services market size was valued at USD 6,081.0 million in 2017. It is expected to register a CAGR of XX% from 2018 to 2023.
Application Insights:
The entertainment segment dominated the global IoT application development services market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for connected devices that provide enhanced control over home entertainment systems. Moreover, rising adoption of smart homes is expected to drive demand over the forecast period.
The automotive sector is anticipated to witness significant growth over the forecast period owing to increasing penetration of connected cars and smart roads, which are enabled by IoT technologies. Furthermore, growing emphasis on reducing vehicle accidents through effective vehicle-to-vehicle communication is expected to boost industry growth further. Other applications include industrial and consumer electronics sectors; however, their potential market size remains limited due largely to high costs associated with device installation as well as maintenance across large areas or regions (i.e., beyond small towns and cities).
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 adoption of IoT applications in various industries, such as manufacturing, healthcare, and retail among others. Moreover, rising demand for connected cars and growing consumer electronics sales are also contributing towards regional growth.
Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period owing to increasing number of technology startups developing innovative solutions based on IoT technologies. Additionally, increased penetration of smartphones coupled with rapid internet connectivity has led consumers to adopt these services thereby driving regional growth. In China alone there were around 30 billion connections made between devices and internet from 2014 to 2016 according high-speed internet access data by China Internet Network Information Center (CNNIC).
Growth Factors:
- Increasing demand for IoT-based smart applications in various industries
- Proliferation of low-cost sensors and connected devices
- Rising demand for data analytics and business intelligence services
- Growing popularity of cloud-based platforms and services
- Emergence of new technologies such as artificial intelligence, machine learning, and blockchain
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT Application Development Services Market Research Report
By Type
Mobile, Web, Enterprise
By Application
Healthcare, Entertainment, Automotive, Other
By Companies
Digiteum, ScienceSoft, Belitsoft, Velvetech, Peerbits, CONTUS, Geneca, Hidden Brains, Intellias, MindInventory, SoftwareHut, iPraxa, Finoit Technologies, Cumulations, Intuz, Cuelogic, Mobiloitte
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global IoT Application Development Services Market Report Segments:
The global IoT Application Development Services market is segmented on the basis of:
Types
Mobile, Web, Enterprise
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
Healthcare, Entertainment, Automotive, Other
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:
- Digiteum
- ScienceSoft
- Belitsoft
- Velvetech
- Peerbits
- CONTUS
- Geneca
- Hidden Brains
- Intellias
- MindInventory
- SoftwareHut
- iPraxa
- Finoit Technologies
- Cumulations
- Intuz
- Cuelogic
- Mobiloitte
Highlights of The IoT Application Development 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:
- Mobile
- Web
- Enterprise
- By Application:
- Healthcare
- Entertainment
- Automotive
- Other
- 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 IoT Application Development 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
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?
IoT Application Development Services is a comprehensive solution that helps businesses to develop, deploy and manage IoT applications. It includes the development of custom IoT solutions as well as the deployment of pre-made solutions. The services also include support for managing and monitoring your IoT applications.
Some of the major players in the iot application development services market are Digiteum, ScienceSoft, Belitsoft, Velvetech, Peerbits, CONTUS, Geneca, Hidden Brains, Intellias, MindInventory, SoftwareHut, iPraxa, Finoit Technologies, Cumulations, Intuz, Cuelogic, Mobiloitte.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT Application Development 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 IoT Application Development Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT Application Development 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 IoT Application Development 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 IoT Application Development Services Market Size & Forecast, 2018-2028
4.5.1 IoT Application Development Services Market Size and Y-o-Y Growth
4.5.2 IoT Application Development Services Market Absolute $ Opportunity
Chapter 5 Global IoT Application Development Services 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 IoT Application Development Services Market Size Forecast by Type
5.2.1 Mobile
5.2.2 Web
5.2.3 Enterprise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IoT Application Development Services 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 IoT Application Development Services Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Entertainment
6.2.3 Automotive
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT Application Development 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 IoT Application Development 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 IoT Application Development Services Analysis and Forecast
9.1 Introduction
9.2 North America IoT Application Development Services 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 IoT Application Development Services Market Size Forecast by Type
9.6.1 Mobile
9.6.2 Web
9.6.3 Enterprise
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 IoT Application Development Services Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Entertainment
9.10.3 Automotive
9.10.4 Other
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 IoT Application Development Services Analysis and Forecast
10.1 Introduction
10.2 Europe IoT Application Development Services 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 IoT Application Development Services Market Size Forecast by Type
10.6.1 Mobile
10.6.2 Web
10.6.3 Enterprise
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 IoT Application Development Services Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Entertainment
10.10.3 Automotive
10.10.4 Other
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 IoT Application Development Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IoT Application Development Services 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 IoT Application Development Services Market Size Forecast by Type
11.6.1 Mobile
11.6.2 Web
11.6.3 Enterprise
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 IoT Application Development Services Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Entertainment
11.10.3 Automotive
11.10.4 Other
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 IoT Application Development Services Analysis and Forecast
12.1 Introduction
12.2 Latin America IoT Application Development Services 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 IoT Application Development Services Market Size Forecast by Type
12.6.1 Mobile
12.6.2 Web
12.6.3 Enterprise
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 IoT Application Development Services Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Entertainment
12.10.3 Automotive
12.10.4 Other
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) IoT Application Development Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IoT Application Development Services 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) IoT Application Development Services Market Size Forecast by Type
13.6.1 Mobile
13.6.2 Web
13.6.3 Enterprise
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) IoT Application Development Services Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Entertainment
13.10.3 Automotive
13.10.4 Other
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 IoT Application Development Services Market: Competitive Dashboard
14.2 Global IoT Application Development Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Digiteum
14.3.2 ScienceSoft
14.3.3 Belitsoft
14.3.4 Velvetech
14.3.5 Peerbits
14.3.6 CONTUS
14.3.7 Geneca
14.3.8 Hidden Brains
14.3.9 Intellias
14.3.10 MindInventory
14.3.11 SoftwareHut
14.3.12 iPraxa
14.3.13 Finoit Technologies
14.3.14 Cumulations
14.3.15 Intuz
14.3.16 Cuelogic
14.3.17 Mobiloitte
