News Highlights: Global IoT Integration Market Expected to Reach $ 5.3 Billion by 2025 – Accenture, Atos, DXC Technology, and IBM dominate the
DUBLIN– (BUSINESS WIRE) –The “Market for IoT integration by service (device and platform management, system design and architecture, network management, consulting), 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 size of the IoT integration market is expected to grow from $ 1.5 billion in 2020 to $ 5.3 billion in 2025, at a compound annual growth rate (CAGR) of 28.5% over the forecast period.
Key factors driving the growth of the IoT integration market include the proliferation of connected devices to encourage BYOD and remote workplace management, the development of wireless technologies, the need to increase operational efficiency, maturing IoT partner agreements providers and the rise of the Internet Protocol version. 6 (IPv6).
Service-based, the device and platform management services segment leads the IoT integration market during the forecast period
The IoT integration market segment is further divided into device and platform management services, application management services, consulting services, systems design and architecture, testing services, services 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 provide IoT vendors with a competitive advantage in the marketplace and help them quickly launch new devices and related services. These services help to cost-effectively manage these devices by providing remote monitoring and support facilities through IoT integration services. Device management services help enterprises manage, track, secure and maintain numerous IoT devices.
Based on organization size, SMEs are estimated to grow at a higher CAGR over the forecast period
The IoT integration market b organization size segment is further divided into SMEs and large enterprises. SMEs are slow to use IoT integration services in the current market scenario. With the increasing emphasis on the adoption of advanced IT technologies and the demand for secure IT infrastructure, the SMB segment is expected to accelerate the adoption of IoT integration services in 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 divided into smart buildings 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 significant new revenue streams and enable businesses to connect with customers to deliver better service, more value and more innovation.
However, managing a large number of connected devices requires highly sophisticated IoT software and services. Vendors provide IoT integration services to manage IoT home automation devices and other connected solutions. These platforms take the complexity out of delivering and securing IoT products, managing and integrating the data they produce, and turning that data into insights.
North America is leading the market share in 2020
North America is one of the most prominent regions in the IoT integration market. Most of the players are based in this region. North America is a significant contributor to the IoT integration market as the region is technologically advanced and a number of government initiatives have been adopted, including smart cities and IIoT.
The IoT integration market is growing steadily in North America, including the US and Canada. These countries are the early adopters of advanced technologies in various industries such as healthcare, manufacturing and smart cities. These countries have sustainable and established economies, which enable them to invest in R&D activities and thus contribute to the
Main topics:
1 Introduction
1.1 Introduction to COVID-19
1.2 COVID-19 health assessment
1.3 COVID-19 Economic Review
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 reach
1.6.1 Market Segmentation
1.6.2 Regions covered
1.6.3 Year considered for the study
1.7 Currency Considered
1.8 Stakeholders
1.9 Summary of Changes
2 Research methodology
3 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: important countries
5 Market overview and industry trends
5.1 Introduction
5.2 Market dynamics
5.2.1 Directors
5.2.1.1 Deployment 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 Older IoT Vendor Partner Agreements
5.2.1.5 Rise of IPv6
5.2.2 Limitations
5.2.2.1 Lack of standardization in IoT protocols
5.2.3 Features
5.2.3.1 Increasing need to align management strategies with the strategic initiatives of organizations
5.2.3.2 Need for less downtime and greater 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 issues
5.2.4.2 Lack of skills and expertise
5.3 Impact of COVID-19 on the analysis of the dynamics of the IoT integration
5.3.1 Directors and Opportunities
5.3.2 Limitations and Challenges
5.3.3 Analysis of cumulative growth
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: transport and logistics
5.7 Disruptive Technologies
5.7.1 Edge Computing
5.7.2 5G
5.7.3 Digital twins
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 Consulting Services
6.5 System design and architecture services
6.6 Testing services
6.7 Provision of Services 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 Market for IoT integration, by organization size
7.1 Introduction
7.2 Large companies
7.3 Small and medium-sized enterprises
8 Market for IoT integration, 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 transport, 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 Major Players in the IoT Integration Market, 2020
10.4 Business evaluation matrix, 2020
10.4.1 Star
10.4.2 Emerging leaders
10.4.3 Omnipresent
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 on this report, visit https://www.researchandmarkets.com/r/kjzzl7
Via: www.businesswire.com
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