Internet Of Things Iot Professional Services Market Share & Trends, CAGR of 23.9%, By Region, Forecasts To 2026 | Accenture, Cognizant, Infosys, etc.

Research Reports

Jan 29, 2021

The growing trends of IoT Professional Services to downtime contributes from different industries is propelling the market growth.

Market Size – USD 50.28 Billion in 2018, Market Growth – CAGR of 23.9%, Trends – The rising demand for highly customized IoT services.

The Global Internet of Things (IoT) Professional Services Market is forecast to reach USD 287.62 Billion by 2026, according to a new report by Reports and Data. The artificial intelligence technology is the essential computer technology used in Smart manufacturing, Smart Transportation & Logistics, Manufacturing, IT & telecom, Smart buildings, and others. IoT professional services offer a portfolio of services and capabilities to take the complexity out of IoT, define the right strategy for the business and help to bring together the right mix of IoT products, partners, and services for your business. IoT can be complex, comprising multiple parts of the business, new approaches, technologies, and methods. IoT professional service can provide personalized advice, complementing expertise with the IoT and network experience. The escalating selection of digital technology and IT spending on the security services, the growing business models and government actions, the increasing mobile subscriber support as well as the expanding selection of the connected devices in the enterprise landscape and customers are all expected to drive the growth of IoT professional services market.

The report is furnished with the latest market scenario pertaining to the COVID-19 pandemic and its after-effects on the Internet Of Things Iot Professional industry and the key segments. The pandemic has disrupted the workflow of the industry and created financial difficulties. The report assesses the complete impact of the pandemic on the market and offers key insights into the market scenario along with trends and demands disruptions. The report also offers an outlook on the market scenario in the forecast timeline.

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Some of the players profiled in the report are Accenture, Cognizant Technology Solutions Corporation, Atos SE, IBM Corporation, Infosys Limited, Happiest Minds, Capgemini, Tata Consultancy Services Limited, Tech Mahindra Limited, and Wipro Limited, among others.

Further key findings from the report suggest

Transportation industry vertical held the largest market share of 24.8% in the year 2018. The growth of the transportation segment can be associated with the demand for achieving automation in the transport and logistics sector. The transport segment of the IoT professional services market involves data collection, research, and requirement analysis. The providers of these services need a team of technicians, particularly for the advancement of mobile and web applications. These service providers also maintain, assist, and support solutions and elements associated with the entire ecosystem of IoT professional services.
The System Designing and Integration Service segment is forecasted to witness the highest CAGR of 24.6% during the forecast period. System designing and integration services give an extensive range of designs for IoT ecosystems and facilitate the integration of IoT solutions with corporations to maintain their operational systems and business projects. The providers of system designing services plan complete IoT systems to decrease the business complexities and improve the profitability of organizations.
Cloud deployment type segment is forecasted to witness the highest CAGR of 24.7% during the forecast period. The professional services portfolio is created to decrease the complexity of IoT systems. Rising adoption of connected devices is escalating demand for managed services as they enable enterprises to focus on core business operations. The key benefit of professional services is their expertise, which can be exploited by customers.
Asia Pacific is expected to witness the highest CAGR of 25.4% during the forecast period. The market growth is primarily inspired by infrastructural advancements taking place in the region and supportive economic conditions. Additionally, different initiatives taken by governments in different countries for the improvement of digitalization are expected to provide new growth possibilities to players.

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The Global Internet Of Things Iot Professional Market is segmented as follows:

Deployment Type Outlook (Revenue, USD Billion; 2016-2026)

On-Premises
Cloud

End-Users Outlook (Revenue, USD Billion; 2016-2026)

IT and Telecom
Retail
Manufacturing
Transportation
Energy and Utilities
Construction

Service Type Outlook (Revenue, USD Billion; 2016-2026)

IoT Consulting Service
IoT Infrastructure Service
System Designing and Integration Service
Support and Maintenance Service
Education and Training Service

Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Point Summary of the Report:

The global Internet Of Things Iot Professional market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.

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Key Coverage of the Internet Of Things Iot Professional Market:

Insightful information regarding the global Internet Of Things Iot Professional market
Identification of growth in various segments and sub-segments of the Internet Of Things Iot Professional market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision-making process through the availability of the drivers and limitations

Global Internet Of Things Iot Professional Market: Table of Contents

Chapter 1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Internet Of Things Iot Professional Market Segmentation & Impact Analysis

Continued……….

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