Market Overview:
The global IoT engineering services market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for connected devices and rising adoption of cloud-based services. The product engineering segment is expected to hold the largest share of the global IoT engineering services market in 2018, followed by cloud & platform engineering, UI/UX design, analytics, and other segments. Among applications, medical is expected to account for the largest share of the global IoT engineering services market in 2018, followed by transportation and logistics, IT, communication industrial production energy utilities , and other applications.
Product Definition:
IoT Engineering Services is the process of designing, developing, and deploying systems that use sensors and actuators to interact with the physical world. IoT Engineering Services can be used to monitor and control devices in factories, buildings, or cities. They can also be used to manage fleets of vehicles or collect data from sensors in the environment.
Product Engineering:
Product engineering is a process that focuses on the design and development of customized products. It includes research, analysis, concept generation, prototyping and testing of manufactured goods for meeting customer requirements. The product engineering services include designing user interfaces for different devices/products such as smartphones & tablets or connected devices such as wearables & IoT enabled products along with providing after-sales support to these devices.
Cloud & Platform Engineering:
Cloud and platform engineering is a new term which has been gaining significant acceptance in the past few years. It is used to define a set of technologies that are responsible for building cloud-based applications, platforms, and services. These technologies have gained popularity owing to their ability to reduce costs associated with developing, deploying, and operating web-based solutions.
Application Insights:
The other application segment includes the use of the devices for entertainment, home security, and monitoring environmental conditions. The increasing adoption of smart products in these applications is expected to drive demand over the forecast period. Moreover, industrial production is estimated to be one of the prominent segments owing to extensive usage in manufacturing facilities for process automation and optimization.
The communication application segment accounted for a significant market share in 2017 owing to widespread demand across different industry verticals including media & entertainment, banking & financial services, public safety and healthcare sectors. This can be attributed to growing adoption of IoT technologies by these industries as well as various others across numerous end-use verticals such as retailing; automotive; energy; transportation; etc. Furthermore, companies are investing significantly in R&D activities pertaining to new product development with enhanced features and functionalities that will further fuel growth over the forecast period.
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 demand for connected devices, growing adoption of cloud technologies, and rising investments in IIoT applications development. Moreover, presence of major players such as Honeywell International Inc.; Cisco Systems; and GE Healthcare are contributing towards regional growth.
Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period owing to increasing number of smart cities initiatives coupled with government funding for IoT infrastructure development. For instance, according to GSMA Intelligence Unit (GIIU), there were more than 1 billion IoT connections worldwide by 2020 with China accounting for majority share (34%) across all countries globally In addition, increased penetration rates of smartphones along with rapid technological advancements are further fueling regional growth.
Growth Factors:
- Increasing demand for smart devices and gadgets
- Proliferation of big data and analytics
- Growing need for security and privacy in IoT systems
- Development of innovative technologies such as 5G, AI, and blockchain
- Rising number of connected devices
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT Engineering Services Market Research Report
By Type
Product Engineering, Cloud & Platform Engineering, UI/UX Design, Analytics
By Application
Medical, Transportation And Logistics, IT, Communication, Industrial Production, Energy, Utilities, Other
By Companies
ARICENT, WIPRO, CAPGEMINI, IBM, TCS, HAPPIEST MINDS, INFOSYS, COGNIZANT, EINFOCHIPS, RAPIDVALUE, TECH MAHINDRA, PRODAPT SOLUTIONS
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global IoT Engineering Services Market Report Segments:
The global IoT Engineering Services market is segmented on the basis of:
Types
Product Engineering, Cloud & Platform Engineering, UI/UX Design, Analytics
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
Medical, Transportation And Logistics, IT, Communication, Industrial Production, Energy, Utilities, 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:
- ARICENT
- WIPRO
- CAPGEMINI
- IBM
- TCS
- HAPPIEST MINDS
- INFOSYS
- COGNIZANT
- EINFOCHIPS
- RAPIDVALUE
- TECH MAHINDRA
- PRODAPT SOLUTIONS
Highlights of The IoT Engineering 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:
- Product Engineering
- Cloud & Platform Engineering
- UI/UX Design
- Analytics
- By Application:
- Medical
- Transportation And Logistics
- IT, Communication
- Industrial Production
- Energy, Utilities
- 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 Engineering 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
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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 engineering services are a type of technology consulting that help organizations build, manage, and deploy IoT solutions. These services can include everything from designing and building custom IoT solutions to helping companies understand the best ways to use existing technologies.
Some of the key players operating in the iot engineering services market are ARICENT, WIPRO, CAPGEMINI, IBM, TCS, HAPPIEST MINDS, INFOSYS, COGNIZANT, EINFOCHIPS, RAPIDVALUE, TECH MAHINDRA, PRODAPT SOLUTIONS.
The iot engineering 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 IoT Engineering 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 Engineering Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT Engineering 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 Engineering 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 Engineering Services Market Size & Forecast, 2020-2028
4.5.1 IoT Engineering Services Market Size and Y-o-Y Growth
4.5.2 IoT Engineering 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 Product Engineering
5.2.2 Cloud & Platform Engineering
5.2.3 UI/UX Design
5.2.4 Analytics
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 Medical
6.2.2 Transportation And Logistics
6.2.3 IT
6.2.4 Communication
6.2.5 Industrial Production
6.2.6 Energy
6.2.7 Utilities
6.2.8 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT Engineering 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 Engineering 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 Product Engineering
9.6.2 Cloud & Platform Engineering
9.6.3 UI/UX Design
9.6.4 Analytics
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 Medical
9.10.2 Transportation And Logistics
9.10.3 IT
9.10.4 Communication
9.10.5 Industrial Production
9.10.6 Energy
9.10.7 Utilities
9.10.8 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 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 Product Engineering
10.6.2 Cloud & Platform Engineering
10.6.3 UI/UX Design
10.6.4 Analytics
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 Medical
10.10.2 Transportation And Logistics
10.10.3 IT
10.10.4 Communication
10.10.5 Industrial Production
10.10.6 Energy
10.10.7 Utilities
10.10.8 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 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 Product Engineering
11.6.2 Cloud & Platform Engineering
11.6.3 UI/UX Design
11.6.4 Analytics
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 Medical
11.10.2 Transportation And Logistics
11.10.3 IT
11.10.4 Communication
11.10.5 Industrial Production
11.10.6 Energy
11.10.7 Utilities
11.10.8 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 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 Product Engineering
12.6.2 Cloud & Platform Engineering
12.6.3 UI/UX Design
12.6.4 Analytics
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 Medical
12.10.2 Transportation And Logistics
12.10.3 IT
12.10.4 Communication
12.10.5 Industrial Production
12.10.6 Energy
12.10.7 Utilities
12.10.8 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) 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 Product Engineering
13.6.2 Cloud & Platform Engineering
13.6.3 UI/UX Design
13.6.4 Analytics
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 Medical
13.10.2 Transportation And Logistics
13.10.3 IT
13.10.4 Communication
13.10.5 Industrial Production
13.10.6 Energy
13.10.7 Utilities
13.10.8 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 Engineering Services Market: Competitive Dashboard
14.2 Global IoT Engineering Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ARICENT
14.3.2 WIPRO
14.3.3 CAPGEMINI
14.3.4 IBM
14.3.5 TCS
14.3.6 HAPPIEST MINDS
14.3.7 INFOSYS
14.3.8 COGNIZANT
14.3.9 EINFOCHIPS
14.3.10 RAPIDVALUE
14.3.11 TECH MAHINDRA
14.3.12 PRODAPT SOLUTIONS
