Market Overview:
The global IoT development service market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of XX%. The growth of the market can be attributed to the increasing demand for IoT-based applications across different industries and regions. The healthcare, automotive, entertainment, and other industries are expected to be the major adopters of IoT development services during the forecast period. The mobile segment is expected to hold the largest share of the global IoT development service market during the forecast period. This can be attributed to factors such as rising demand for smart devices and growing penetration of smartphones and tablets. However, web-based services are projected to grow at a higher CAGR than mobile-based services during the forecast period. This can be attributed to factors such as increased adoption of cloud technology by enterprises and growing demand for connected devices.
Product Definition:
IoT Development Service is a service that helps you to develop your own IoT applications. It can be used to create prototypes, Proof of Concepts (POCs), and final products. The service includes the development of firmware, software, and cloud-based solutions.
Mobile:
Mobile is the most used device for internet connectivity. It accounted for around 60% of the total devices worldwide in 2015. The growth factor can be attributed to its portability and ability to access any service on the go, anywhere, anytime.
The mobile industry has been witnessing a tremendous change over recent years with manufacturers focusing on developing smartphones that are not only capable of making calls but also provide internet access.
Web:
The global what is web and it's usage in IoT development service market size was valued at USD 6,840.0 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 38.2% from 2019 to 2025. The growing adoption of cloud-based solutions for developing IoT applications has led to the increased demand for services related to web & app development, which further propels the growth of this market over the forecast period.
Application Insights:
The industry has been classified into seven segments based on application, namely healthcare, entertainment, automotive, other industries (finance & banking; public sector; telecommunication), and two new segments that include the IoT development services for wearable devices and smart home. The healthcare segment accounted for a major market share in 2017 owing to increasing demand from governments as well as private institutions to implement connected health applications. Furthermore, growing demand for remote monitoring of equipment in hospitals is also expected to drive the growth of this segment over the forecast period.
The smart home segment is anticipated to witness significant growth over the forecast period owing to rising adoption of connected security systems and energy management systems by residential consumers globally. Moreover, with rising consumer disposable income levels across various regions coupled with easy access to cloud-based solutions through smartphones and computers worldwide due largely at least in part advances in internet technology worldwide since 1995 or so when it was declared as a common carrier medium by then U S President Bill Clinton et al.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing adoption of IoT solutions across various sectors, such as healthcare, automotive and manufacturing. Moreover, rising disposable income levels and rapid urbanization are also contributing toward regional growth. Increasing investments by governments in developing countries such as India and China are driving the adoption of these technologies for various applications including smart cities development, energy management systems among others.
North America accounted for more than 25% revenue share in 2016 owing to early technology adopters within industries such as oil & gas exploration (well-logging), transportation (traffic management) among others that have started deploying large scale deployments of IoT devices for data collection purposes. However, slow internet speed and lack of awareness regarding benefits associated with it may hinder further growth until 2018 or so but will become irrelevant once speeds reach 1Gb/s or higher which is currently available only at a few select areas throughout most major U.
Growth Factors:
- Increasing demand for IoT-based services and applications from various industry verticals
- Proliferation of low-cost sensors and connected devices
- Rising demand for data analytics and machine learning services to derive insights from data collected by IoT devices
- Development of innovative platforms and tools to simplify the development of IoT applications
- Growing number of partnerships between technology providers, system integrators, and application developers
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT Development Service Market Research Report
By Type
Mobile, Web, Enterprise
By Application
Healthcare, Entertainment, Automotive, Other
By Companies
Digiteum, Intellias, Mobisoft Infotech, MobiDev, e-Zest, Belitsoft, Computaris, Techila Services, PixelCrayons, SoftwareHut, ScienceSoft, Oxagile, Gorilla Logic, Velvetech, Ardas-IT Company, Hidden Brains, iPraxa
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global IoT Development Service Market Report Segments:
The global IoT Development Service 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
- Intellias
- Mobisoft Infotech
- MobiDev
- e-Zest
- Belitsoft
- Computaris
- Techila Services
- PixelCrayons
- SoftwareHut
- ScienceSoft
- Oxagile
- Gorilla Logic
- Velvetech
- Ardas-IT Company
- Hidden Brains
- iPraxa
Highlights of The IoT Development Service 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 Development Service 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 Development Service is a platform that helps businesses to develop, deploy and manage IoT solutions. It provides a range of services including IoT planning, design, development and management.
Some of the major players in the iot development service market are Digiteum, Intellias, Mobisoft Infotech, MobiDev, e-Zest, Belitsoft, Computaris, Techila Services, PixelCrayons, SoftwareHut, ScienceSoft, Oxagile, Gorilla Logic, Velvetech, Ardas-IT Company, Hidden Brains, iPraxa.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT Development Service 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 Development Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT Development Service 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 Development Service 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 Development Service Market Size & Forecast, 2018-2028
4.5.1 IoT Development Service Market Size and Y-o-Y Growth
4.5.2 IoT Development Service Market Absolute $ Opportunity
Chapter 5 Global IoT Development Service 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 Development Service 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 Development Service 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 Development Service 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 Development Service 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 Development Service 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 Development Service Analysis and Forecast
9.1 Introduction
9.2 North America IoT Development Service 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 Development Service 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 Development Service 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 Development Service Analysis and Forecast
10.1 Introduction
10.2 Europe IoT Development Service 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 Development Service 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 Development Service 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 Development Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IoT Development Service 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 Development Service 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 Development Service 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 Development Service Analysis and Forecast
12.1 Introduction
12.2 Latin America IoT Development Service 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 Development Service 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 Development Service 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 Development Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IoT Development Service 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 Development Service 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 Development Service 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 Development Service Market: Competitive Dashboard
14.2 Global IoT Development Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Digiteum
14.3.2 Intellias
14.3.3 Mobisoft Infotech
14.3.4 MobiDev
14.3.5 e-Zest
14.3.6 Belitsoft
14.3.7 Computaris
14.3.8 Techila Services
14.3.9 PixelCrayons
14.3.10 SoftwareHut
14.3.11 ScienceSoft
14.3.12 Oxagile
14.3.13 Gorilla Logic
14.3.14 Velvetech
14.3.15 Ardas-IT Company
14.3.16 Hidden Brains
14.3.17 iPraxa
