The Global Internet of Things (IoT) Integration Market It is expected to be worth $8.21 billion by 2027, according to current analysis by Emergen Research. The global Internet of Things (IoT) integration market is expected to grow exponentially during the forecast period, due to the increasing adoption of the “bring your own device” trend in the modern business model. The increase in law enforcement and regulations is expected to drive the market further during the forecast period. The Internet of Things (IoT) integration market is also driven by the growing number of federal regulators driving the growth of data integration in different applications and devices around the world.
However, the lack of standardization in Internet of Things (IoT) actions would hamper the Internet of Things (IoT) integration market during the forecast period.
The main companies mentioned in the report:
Tata Consultancy Services Limited, Infosys Limited, Tech Mahindra Limited, International Business Machines Corporation (IBM), Deloitte Touche Tohmatsu Limited, Wipro Limited, Accenture plc, Capgemini SE, Cognizant Corporation, HCL Technologies Limited.
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In May 2020, Accenture plc acquired Callisto Integration Corporation. Callisto Integration Corporation, a technology consulting and services firm based in Canada, provides automated production services to major players operating in the food, beverage, chemical, utilities and industrial industries, and other sectors. Accenture will provide a rare combination of production, infrastructure and analytics capabilities with this acquisition.
The small and medium business segment is the largest segment of the market and is likely to grow at a compound annual growth rate of 27.6% during the forecast period. It is imperative that the Internet of Things (IoT) be integrated into the scalable structures of SMEs and data is a key element of that. The inclusion and analysis of big data helps small and medium businesses communicate effectively with customers, improve efficiency, reduce operating costs, test decisions, and identify trends.
The device and platform management services segment is expected to dominate the market during the forecast period. It provides IoT manufacturers with a clear commercial advantage and facilitates efficient delivery of new devices.
During the forecast period, the smart home and building automation segment is expected to dominate the market. Buildings with embedded IoT technology provide solutions to problems including overspending and inefficiencies in building construction.
The Asia Pacific market is expected to grow at the fastest rate, due to the presence of major market players such as Tata Consultancy Services Limited, Infosys Limited, Tech Mahindra Limited, Wipro Limited and HCL Technologies Limited in the region during the forecast period. .
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Emergen Research has segmented the global Internet of Things (IoT) integration market on the basis of organization, service, application, and region.
Organization forecast (revenue, billion USD; 2017-2027)
- Small and Medium Enterprises
- big companies
Services Outlook (revenue, billion USD; 2017-2027)
- testing services
- Service Consulting
- Application Management Application Management Services
- database management services
- Device and platform management services
- network protocols
- Third-party services for third-party API management services
- Systems design and architecture services
- Service provision and directory management
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Outlook app (revenue, billion USD, 2017-2027)
- smart retail
- energy facilities
- smart healthcare
- Intelligent logistics and transportation
- Home automation and smart buildings
- industrial manufacturing automation
Regional outlook (revenue, billion USD; 2017-2027)
- North Amarica
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia and the Pacific
- Latin america
- Rest of Latin America
- Middle East and Africa
- Saudi Arab
- The United Arab Emirates
- Rest of the Middle East and Africa
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