Global IoT Integration Market Size, Trends & Analysis - Forecasts to 2026 By Type of Service (Device & Platform Management Services, Application Management Services, Advisory Services, System Design and Architecture, Testing Services, Service Provisioning & Directory Management, Third Party API Management Services, Database & Block Storage Management Services, Network Management Services, and Infrastructure & Workload Management Services), By Type of Size of Organization (SMEs and Large Enterprises), By Type of Application (Smart Building & Home Automation, Smart Healthcare, Energy & Utilities, Industrial Manufacturing & Automation, Smart Retail, and Smart Transportation, Logistics, & Telematics), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
IoT integration is to facilitate reliable end-to-end communication between devices and data stations. The combination of new IoT devices, data, stages, and applications along with IT assets operate great collectively in the connection of executing end-to-end IoT industry explications. The purpose of the market is to have reliability for proper synthesis, monitoring, and administration of the growing quantity of smart devices.
According to the report published by Global Market Estimates Research & Consultants, the IoT Integration market is indicated to depict a prominent augmentation of 28.5% during the forecast period (2020-2026).
Higher complexity, expensive installation costs, and data privacy risks are the primary impediments of the market whereas, a steady rise in BYOD culture, a rise in partnership agreements, and the introduction of remote work management are the important drivers of the global IoT integration market.
Device & platform, infrastructure & workload, and network management services are the types of services in the global market. The segment calculated to command in the forecast period is the device & platform. The development of wireless technologies is one of the major driving determinants of the IoT Integration market.
Based on the type of organization size, SMEs and Large Enterprises are the market categorization of the global market. SMEs segment is estimated to grow rapidly in this market. The increased demand for smart devices in regions like the Asia Pacific, North America, and Europe is the influencing driver of the global market.
Based on the application, smart building & home automation, industrial manufacturing & automation energy & utilities, smart healthcare, and logistics, are the classifications of the IoT Integration market. The home automation and smart building segment are estimated to grow the fastest in the forecast period. An increase in demand for the implementation of IoT in solutions and software is the influential impulse creator of the global market. IoT solutions and software provide more high-grade assistance, utility, and innovation.
Based on the regional study, the Asia Pacific region will rise to show tremendous momentum in this market. The rise in the usage of IoT devices, easy internet accessibility, and the growing demand for an API approach is the propellors of the market.
TCS, Wipro, Atos, Accenture, Fujitsu Ltd., Infosys, Capgemini, HCL Technologies, Tech Mahindra Limited, DXC Technology, IBM Corporation, Cognizant, NTT Data Corporation, DELL EMC, Deloitte, Mulesoft, Allerin Tech Pvt Ltd., Softdel, Phitomas, Einfochips, Timesys Corporation, Tibbo Systems, Aeris, Macrosoft Inc., and Damco, and other industries are the dominant players in the global IoT Integration market.
Please note: This is not an exhaustive list of companies profiled in the report.
In August 2019, DXC Technology collaborated with Google Cloud to drive innovation for enterprises at scale.
In April 2018, Accenture started the Intelligent Enterprise Platform.
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The Global IoT Integration Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the IoT Integration Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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