Global IoT Professional Services Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
8 May, 2023
The global IoT professional services market size is expected to grow from $135.95 billion in 2022 to $151.75 billion in 2023, at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The IoT professional services market size is expected to grow to $236.25 billion in 2027 at a CAGR of 11.7%.
Global IoT Professional Services Market Key Driver
The rapidly growing number of IoT connections is expected to propel the growth of the IoT professional services market going forward. The Internet of Things (IoT) refers to a network of physical objects that are implanted with sensors, software, and other technologies to connect and exchange data with other devices and systems over the internet. The professional services IoT connected devices ingest device data and transform it into insightful knowledge that can offer operators a full range of product analytics and help manufacturers build new products.
Get a Sample of the global IoT professional services market reportGlobal IoT Professional Services Market Segments
The global IoT professional services market is segmented:
1) By Service Type: IoT Consulting Service, IoT Infrastructure Service, System Designing and Integration Service, Support and Maintenance Service, Education and Training Service
2) By Deployment Type: Cloud, On-Premises
3) By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprises
4) By Application: Smart Buildings, Smart Manufacturing, Smart Transport and Logistics, Smart Healthcare, Smart Retail, Other Applications
5) By Geography: The regions covered in the IoT professional services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global IoT professional services market.
Major IoT Professional Services Industry Players
Atos SE, Capgemini SE, Cognizant Technology, Deloitte Touche Tohmatsu Limited, IBM Corporation, Infosys Limited, NTT DATA Corporation, AT&T Inc.
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IoT Professional Services Market Overview
IoT professional services refer to a set of services provided by software companies to develop and support their own or third-party IoT applications to automate and optimize corporate operations. IoT professional services aid in easily defining, designing, and launching an organization's initiatives. IoT professional services are used to deploy IoT applications to different industry verticals for smooth operations.
IoT Professional Services Global Market Report 2023 provides data on the global IoT professional services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The IoT professional services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.