What are the Historical Developments and Current Growth Metrics of the IoT Professional Services Market?
The iot professional services market has seen considerable growth due to a variety of factors.
• The market size for IoT professional services has seen robust growth over the recent past. A rise from $164.33 billion in 2024 to $180.75 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.0%, is expected. The growth during the historical period is ascribed to factors such as increasing need for connectivity, security considerations, a spike in demand for professional services, embracing of smart devices, and expansion of e-commerce and online retail.
What Does the Future Hold for the IoT Professional Services Market?
The iot professional services market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of IoT professional services is predicted to experience a significant surge in the coming years, reaching a value of $307.29 billion by 2029 with a CAGR of 14.2%.
Expected drivers for growth during the projection period include the uptake of 5G technology, enhanced focus on customer experience optimization, the expansion of smart cities, growing use of autonomous devices, and a rise in complex cyber threats. Notable trends for the forecast duration encompass digital twins, assimilation of Augmented Reality (AR) and Virtual Reality (VR), the emergence of artificial intelligence, application of blockchain technology, and human augmentation.
What Are The Primary Growth Drivers In The IoT Professional Services Market?
The significant growth of the IoT market can be attributed to its application in multiple industries, including the automotive industry. The incorporation of IoT in the automotive realm has created an array of opportunities for manufacturers and consumers alike on a global scale. It has rapidly become a sought-after feature for a host of multifunctional uses in the car industry. IoT offers improved control, communication, and data delivery across all modes of transport. Big names such as Mercedes-Benz, Volkswagen, Volvo, Toyota, and Google Inc. are continually increasing their investments in the creation of smart cars loaded with state-of-the-art features, providing healthier, more leisurely and more pleasurable driving experiences. UBS predicts that by 2030, autonomous taxi fleets will account for 12% of total car sales, with an expected total of 26 million driverless taxis functioning around the world.
What Are The Primary Segments In The Global IoT Professional Services Market?
The IoT professional services market covered in this report 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
Subsegments:
1) By IoT Consulting Service: Business Consulting, Technology Consulting, Strategy Development, Feasibility Assessment
2) By IoT Infrastructure Service: Network Infrastructure Setup, Cloud Infrastructure Management, Security Infrastructure Implementation
3) By System Designing And Integration Service: IoT Solution Design, Device And Platform Integration, Data Integration And Middleware Services
4) By Support And Maintenance Service: Remote Monitoring And Support, Troubleshooting And Issue Resolution, Software Updates And Patches
5) By Education And Training Service: IoT Training Programs, Technical Workshops, Certification Programs
Pre-Book The IoT Professional Services Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Key Trends Are Driving Changes In The IoT Professional Services Market?
Leading firms in the IoT professional services market are innovating with solutions like IoT Services for Sustainability in an attempt to outperform competitors. These services comprise a range of IoT products and offerings intended to mitigate environmental and societal sustainability issues. For example, in May 2022, IoT services for Sustainability were introduced by the Japan-based telecommunications firm, Nippon Telegraph and Telephone. This complete range of solutions targets aiding companies in accomplishing their sustainability objectives. The complete stack comes equipped with functionalities like OCR Meter Reading for instantaneous data collection from varying meters, Water Leak Management for IoT-assisted protection from water harm, Predictive Maintenance utilizing sensor data to foresee events, and Environmental Monitoring for pollutant identification and environmental condition tracking. NTT's LoRaWAN network supports this stack, providing secure IT or OT integration, yielding advantages like energy expense reduction, emission cuts, operational performance, and better work facilitation. This unveiling harmonizes with the escalating focus on utilizing IoT technologies for battling climate change and fulfilling sustainability goals.
Who Are the Key Players in the IoT Professional Services Market?
Major companies operating in the IoT professional services market include:
• Google LLC
• Microsoft Corporation
• AT&T Inc.
• Robert Bosch GmbH
• Hitachi Ltd.
• Amazon Web Services Inc.
• Siemens AG
• General Electric Company
• Accenture plc
• IBM Corporation
• Deloitte Touche Tohmatsu Limited
• PricewaterhouseCoopers LLP
• Cisco Systems Inc.
• Vodafone Group plc
• Ernst & Young Global Limited
• Oracle Corporation
• Schneider Electric SE
• Honeywell International Inc.
• KPMG International Ltd.
• Tata Consultancy Services Limited.
• Fujitsu Limited
• NEC Corporation
• NTT DATA Corporation
• Capgemini SE
• Cognizant Technology Solutions Corporation
• Infosys Limited
• DXC Technology Company
• Atos SE
• Wipro Limited
• HCL Technologies Limited
• Tech Mahindra Limited
• LTIMindtree Ltd.
• Happiest Minds Technology Ltd.
What Is The Most Dominant Region In The IoT Professional Services Market?
North America was the largest region in the IoT professional services market in 2024. The regions covered in the IoT professional services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
