Global IoT Integration Market is Projected to Reach $5.3 Billion by 2025 – Accenture, Atos, DXC Technology, and IBM are Dominating the Market

The “IoT Integration Market by Service (Device and Platform Management, System Design and Architecture, Network

The “IoT Integration Market by Service (Device and Platform Management, System Design and Architecture, Network Management, Advisory), Organization Size, Application (Smart Building and Home Automation, Smart Healthcare), and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The global IoT integration market size is projected to grow from USD 1.5 billion in 2020 to USD 5.3 billion by 2025, at a compound annual growth rate (CAGR) of 28.5% during the forecast period.

The major factors driving the growth of the IoT integration market include the proliferation of connected devices to encourage BYOD and remote workplace management, development of wireless technologies, need to increase operational efficiency, maturing partner agreements of IoT vendors, and the emergence of Internet Protocol version 6 (IPv6).

Based on service, the device and platform management services segment leads the IoT integration market during the forecast period

The IoT integration market service segment is further segmented into device and platform management services, application management services, advisory services, system design and architecture, testing services, service provisioning and directory management, third party API management services, database and block storage management services, network management services, infrastructure and workload management services.

Device management services offer IoT vendors a competitive market edge and help them rapidly launch new devices and allied services. These services assist to cost-effectively manage these devices by providing remote monitoring and support facilities through IoT integration services. Device management services help enterprises in managing, tracking, securing, and sustaining numerous IoT-enabled devices.

Based on organization size, SMEs is estimated to grow at a higher CAGR during the forecast period

The IoT integration market b organization size segment is further segmented into SMEs and large enterprises. SMEs have been slow adopters of IoT integration services in the current market scenario. However, with the increasing emphasis on the adoption of advanced IT technologies and the demand for secure IT infrastructure, the SME segment is expected to adopt IoT integration services at a faster rate over the coming years. SMEs face challenges, such as budget constraints, labor costs, and expertise, to manage the advanced IT infrastructure and technologies and cybersecurity risks.

Based on application, the smart building and home automation segment to lead the market during the forecast period

The global IoT integration market by application is segmented into smart building and home automation, smart healthcare, energy and utilities, industrial manufacturing and automation, smart retail, and smart transportation, logistics, and telematics. The IoT home automation promises to open up significant new revenue sources and allow businesses to connect with customers for delivering better service, more value, and greater innovation.

However, managing a multitude of connected devices requires highly advanced IoT software and services. Vendors are providing IoT integration services to manage IoT home automation devices and other connected solutions. These platforms take the complexity out of provisioning and securing IoT products, managing and integrating the data they produce and turning that data into insights.

North America to lead the market share in 2020

North America is one of the most prominent regions in the IoT integration market. The majority of players are based in this region. North America is a major contributor to the IoT integration market as the region is technologically developed, and a number of government initiatives have been adopted, including smart cities, and IIoT.

The IoT integration market is steadily growing in North America, which includes the US and Canada. These countries are the early adopters of advanced technologies across various verticals, such as healthcare, manufacturing, and smart cities. These countries have sustainable and well-established economies, which empower them to invest in R&D activities, thereby contributing to the

Key Topics Covered:

1 Introduction

1.1 Introduction to COVID-19

1.2 COVID-19 Health Assessment

1.3 COVID-19 Economic Assessment

1.3.1 COVID-19 Economic Impact – Scenario Assessment

1.4 Objectives of the Study

1.5 Market Definition

1.5.1 Inclusions and Exclusions

1.6 Market Scope

1.6.1 Market Segmentation

1.6.2 Regions Covered

1.6.3 Years Considered for the Study

1.7 Currency Considered

1.8 Stakeholders

1.9 Summary of Changes

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the IoT Integration Market

4.2 Asia-Pacific Market, by Service and Country

4.3 Market: Major Countries

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Proliferation of Connected Devices to Encourage BYOD and Remote Workplace Management

5.2.1.2 Development of Wireless Technologies

5.2.1.3 Need to Increase Operational Efficiency

5.2.1.4 Maturing Partner Agreements of IoT Vendors

5.2.1.5 Emergence of IPv6

5.2.2 Restraints

5.2.2.1 Lack of Standardization in IoT Protocols

5.2.3 Opportunities

5.2.3.1 Growing Need to Align Management Strategies with Organizations’ Strategic Initiatives

5.2.3.2 Need for Reduced Downtime and Increased Operational Efficiency

5.2.3.3 Increasing Demand for Automation in Business Processes

5.2.3.4 Increasing Adoption of IPaaS

5.2.4 Challenges

5.2.4.1 Data Security and Privacy Concerns

5.2.4.2 Lack of Skills and Expertise

5.3 Impact of COVID-19 on the IoT Integration Market Dynamics Analysis

5.3.1 Driver and Opportunities

5.3.2 Restraints and Challenges

5.3.3 Cumulative Growth Analysis

5.4 Ecosystem

5.5 Value Chain Analysis

5.6 IoT Integration Market: Use Cases

5.6.1 Use Case 1: Retail

5.6.2 Use Case 2: Healthcare

5.6.3 Use Case 3: Government

5.6.4 Use Case 4: Transportation and Logistics

5.7 Disruptive Technologies

5.7.1 Edge Computing

5.7.2 5G

5.7.3 Digital Twin

5.7.4 Artificial Intelligence

6 IoT Integration Market, by Service

6.1 Introduction

6.2 Device and Platform Management Services

6.3 Application Management Services

6.4 Advisory Services

6.5 System Design and Architecture Services

6.6 Testing Services

6.7 Services Provisioning and Directory Management Services

6.8 Third-Party API Management Services

6.9 Database and Block Storage Management Services

6.10 Network Management Services

6.11 Infrastructure and Workload Management Services

7 IoT Integration Market, by Organization Size

7.1 Introduction

7.2 Large Enterprises

7.3 Small and Medium-Sized Enterprises

8 IoT Integration Market, by Application

8.1 Introduction

8.2 Smart Building and Home Automation

8.3 Smart Healthcare

8.4 Energy and Utilities

8.5 Industrial Manufacturing and Automation

8.6 Smart Retail

8.7 Smart Transportation, Logistics, and Telematics

9 IoT Integration Market, by Region

9.1 Introduction

9.2 North America

9.3 Europe

9.4 Asia-Pacific

9.5 Middle East and Africa

9.6 Latin America

10 Competitive Landscape

10.1 Introduction

10.2 Market Evaluation Framework

10.3 Key Players in IoT Integration Market, 2020

10.4 Company Evaluation Matrix, 2020

10.4.1 Star

10.4.2 Emerging Leaders

10.4.3 Pervasive

10.5 Company Profile Startup/SME Evaluation Matrix Definitions and Methodology

10.5.1 Progressive Companies

10.5.2 Responsive Companies

10.5.3 Dynamic Companies

10.5.4 Starting Blocks

11 Company Profiles

11.1 Introduction

11.2 Accenture

11.3 Atos

11.4 DXC Technology

11.5 IBM

11.6 Deloitte

11.7 TCS

11.8 Wipro

11.9 Cognizant

11.10 Capgemini

11.11 NTT Data

11.12 Fujitsu

11.13 Infosys

11.14 HCL

11.15 Tech Mahindra

11.16 Dell EMC

11.17 Mulesoft

11.18 Allerin

11.19 Softdel

11.20 Phitomas

11.21 Einfochips

11.22 Timesys

11.23 Tibbo

11.24 Aeris

11.25 Macrosoft

11.26 Damco

For more information about this report visit https://www.researchandmarkets.com/r/kjzzl7

View source version on businesswire.com: https://www.businesswire.com/news/home/20210201005348/en/

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