IoT Integration Services Market – SMEs to grow at a higher CAGR By 2031, Says TMR
IoT Integration Services Market – SMEs to grow at a higher CAGR By 2031, Says TMR
Published by TMR Research Insights
Posted on August 5, 2021
The Internet of Things is a system of interconnected computing devices, virtual machines, and objects that are provided with distinct identifiers with the capability to transfer data over a network without any human-to-computer interaction. IoT integration includes services that are delivered by providers for proficient functioning of IoT devices. Several companies are moving toward cloud-based integration systems to bring digital transformation that enables rapid growth of the IoT integration services market.
IoT integration is useful to capture data from smart devices and move it into business applications to apply analytics for insights and to automate processes. IoT integration services has capabilities that matches competitive scenarios that are constantly changing industries such as transportation, manufacturing, healthcare, hospitality, retail, and energy.
The Covid-19 outbreak has disturbed many markets, including IoT integration services. Covid-19 has impacted projects due to low productivity, and organizations are slowing down the adoption of IoT integration services. Thus, growth of the IoT integration services market declined in 2020 as compared to year 2019. Technologies such as extended reality, data analytics, Internet of Things, and artificial intelligence are aiding governments and companies to solve unique challenges posed by Covid-19.
Rising demand for IoT devices has increased the adoption of BYOD and remote workplace management solutions. Organizations are inspiring employees to bring their own devices to the office. BYOD has aided organizations to cut down cost by not spending on corporate devices and empowered employees to work from home and use the device of their choice. This trend has led to demand for a shared platform across all devices that incorporates a variety of applications.
IoT integration services are a solution to connect different devices. These services provide two-way and real-time communication among the systems and devices. Additionally, the platforms act on data locally, systematize corrective responses, and stores data on the cloud for improved business insights. Growing dependency on BYOD and remote workplace management has driven the need to manage assets and devices in organizations. An integrated platform helps organizations to track an employee’s activities in their personal devices, monitor data and detect web activities that employees are not authorized to perform. Thus, the immense growth in number of interrelated devices is anticipated to be a major driver of the IoT integration services market.
We Offer tailor-made Solutions to fit Your Requirements, Request Customizationat:
North America to Account for Major Share of the IoT Integration Services Market
In terms of region, the global IoT integration service market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America is projected to be the major regional market for IoT integration services. Majority of players are based in North America and the region is a key contributor to IoT integration services due to technological development and government initiatives that have adopted Industrial IoT and smart cities.
Canada and the US are the early adopters of advanced technologies in numerous verticals such as smart cities, manufacturing, and healthcare and have well-established economies that empowers them to invest in R&D activities. Organizations in North America are keen to integrate IoT technologies into their processes. Rising digitalization in the manufacturing sector amongst both large enterprises, and small & medium enterprises have also driven the growth of the IoT integration services market in North America.
The US is the leader in the IoT integration services market and Canada is anticipated to witness a surge in adoption of IoT integration services as there is an understanding of the value propositions and relationship to the integration services infrastructure.
Global IoT Integration Services Market: Competitive Landscape
Key Players Operating in the IoT Integration Services Market
Key Players of the IoT Integration Services Market Include:
Accenture PLC
Allerin Tech Pvt. Ltd.
Capgemini SE
Cognizant Technology Solutions Corporation
Dell Technologies, Inc.
Deloitte Touche Tohmatsu Ltd.
Dex Technology
Fujitsu Ltd.
HCL Technologies Ltd.
Infosys Ltd.
Intel Corporation
International Business Machines Corporation
Mulesoft, Inc.
Tech Mahindra Ltd.
Tibbo Systems
Wipro Ltd.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
The Internet of Things is a system of interconnected computing devices, virtual machines, and objects that are provided with distinct identifiers with the capability to transfer data over a network without any human-to-computer interaction. IoT integration includes services that are delivered by providers for proficient functioning of IoT devices. Several companies are moving toward cloud-based integration systems to bring digital transformation that enables rapid growth of the IoT integration services market.
IoT integration is useful to capture data from smart devices and move it into business applications to apply analytics for insights and to automate processes. IoT integration services has capabilities that matches competitive scenarios that are constantly changing industries such as transportation, manufacturing, healthcare, hospitality, retail, and energy.
The Covid-19 outbreak has disturbed many markets, including IoT integration services. Covid-19 has impacted projects due to low productivity, and organizations are slowing down the adoption of IoT integration services. Thus, growth of the IoT integration services market declined in 2020 as compared to year 2019. Technologies such as extended reality, data analytics, Internet of Things, and artificial intelligence are aiding governments and companies to solve unique challenges posed by Covid-19.
Rising demand for IoT devices has increased the adoption of BYOD and remote workplace management solutions. Organizations are inspiring employees to bring their own devices to the office. BYOD has aided organizations to cut down cost by not spending on corporate devices and empowered employees to work from home and use the device of their choice. This trend has led to demand for a shared platform across all devices that incorporates a variety of applications.
IoT integration services are a solution to connect different devices. These services provide two-way and real-time communication among the systems and devices. Additionally, the platforms act on data locally, systematize corrective responses, and stores data on the cloud for improved business insights. Growing dependency on BYOD and remote workplace management has driven the need to manage assets and devices in organizations. An integrated platform helps organizations to track an employee’s activities in their personal devices, monitor data and detect web activities that employees are not authorized to perform. Thus, the immense growth in number of interrelated devices is anticipated to be a major driver of the IoT integration services market.
We Offer tailor-made Solutions to fit Your Requirements, Request Customizationat:
North America to Account for Major Share of the IoT Integration Services Market
In terms of region, the global IoT integration service market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America is projected to be the major regional market for IoT integration services. Majority of players are based in North America and the region is a key contributor to IoT integration services due to technological development and government initiatives that have adopted Industrial IoT and smart cities.
Canada and the US are the early adopters of advanced technologies in numerous verticals such as smart cities, manufacturing, and healthcare and have well-established economies that empowers them to invest in R&D activities. Organizations in North America are keen to integrate IoT technologies into their processes. Rising digitalization in the manufacturing sector amongst both large enterprises, and small & medium enterprises have also driven the growth of the IoT integration services market in North America.
The US is the leader in the IoT integration services market and Canada is anticipated to witness a surge in adoption of IoT integration services as there is an understanding of the value propositions and relationship to the integration services infrastructure.
Global IoT Integration Services Market: Competitive Landscape
Key Players Operating in the IoT Integration Services Market
Key Players of the IoT Integration Services Market Include:
Accenture PLC
Allerin Tech Pvt. Ltd.
Capgemini SE
Cognizant Technology Solutions Corporation
Dell Technologies, Inc.
Deloitte Touche Tohmatsu Ltd.
Dex Technology
Fujitsu Ltd.
HCL Technologies Ltd.
Infosys Ltd.
Intel Corporation
International Business Machines Corporation
Mulesoft, Inc.
Tech Mahindra Ltd.
Tibbo Systems
Wipro Ltd.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
