Press Release

Smart City Initiative is Expected to Drive India IoT Professional Services Market Growth by 2028

Government initiatives are expected to increase the adoption rate of IoT devices, making more organizations rely on professional services for deployment and further management during the forecast period of 2024-2028.


According to TechSci Research report, India IoT Professional Services Market Size, Share, Trends, Opportunity, and Forecast. 2018–2028, the IoT Professional Services market is expected to register a robust growth during the forecast period, 2024-2028. IoT professional services include consulting, system integration, deployment and support, and maintenance services. These services help organizations to design, develop, and implement IoT solutions that can capture, analyze, and leverage data to improve their business processes and create new revenue streams.


The key factors driving the growth of the IoT professional services market in India include the increasing adoption of IoT technologies across various industry verticals, the availability of skilled IoT professionals, and the government's push towards digitalization and smart cities. Owing to the enormous success of Indian software companies, the Indian software industry has also been successful in making a name for itself abroad. With a workforce of about four million, this sector has played a key role in propelling the country's economy on a rapid growth curve. There are over a 1,000 global delivery centers operated by Indian IT & ITeS companies located in about 80 different nations. This shows that provisioning services are becoming more and more important for IoT devices.


Growth in the India IoT professional services market is also attributed to the development of wireless technology and increasing internet availability.
The growing adoption of smart farming has increased the demand for cloud-based service management platforms. Moreover, enterprises planning the large-scale digital transformation of their business operations need professional IoT services. This service helps you efficiently define, design, and deploy IoT-based systems by providing end-to-end support for all phases of IoT deployment, thereby driving the India IoT professional’s services market.


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India IoT Professional Services Market


India IoT professional services market is segmented based on service type, organization size, deployment type, and end-use industry. Based on service type, the market is segmented into IoT consulting service, IoT infrastructure service, system designing & integration service, support & maintenance service, and education & training service
. The growth of smart manufacturing operations has directly influenced the demand for IoT consulting services as manufacturing plants hop into the drive toward digital transformation. The return on investment of leveraging consulting services is built on the financial savings enabled by IoT. Professional services help companies streamline device logistics including authentication, configuration, provisioning, and management. Customer preference for deployment services is based on end-to-end solutions, along with easy access and distribution channels. Companies such as AT&T provide end-to-end certified deployment services in over 150 countries and territories, including device authentication, configuration (Firmware Over the Air (FOTA)/Software of the Air (SOTA)). These advancements by the market players are driving the growth in the India IoT professional services market.


System design and integration services provide a full range of IoT ecosystem designs, facilitate enterprise integration of IoT solutions, and sustain operating systems and business projects. System design service providers plan complete IoT systems to reduce business complexity and improve organizational profitability.


Based on deployment type, the market is bifurcated into cloud and on-premises. The cloud deployment type segment is projected to register the highest CAGR during the forecast period. Professional services portfolio is created to reduce the complexity of IoT systems. With the proliferation of connected devices allowing enterprises to focus on their core business, there is a growing demand for managed services. A key benefit of professional services is the know-how available to the customer.


Key market players in the
IoT Professional Services market:

  • Infosys Technologies Limited
  • Tata Consultancy Services Limited
  • Wipro Technologies
  • HCL Technologies
  • Redington (India) Ltd
  • Tech Mahindra
  • L&T Infotech
  • Mphasis Ltd
  • Mindtree Ltd
  • Oracle Financial Services Software Ltd (OFSSL)


Convergence Acceleration Solutions, LLC, a U.S.-based consulting, and program management firm that specializes in accelerating significant business and technological transformation, has been acquired by Wipro Limited, a leading global provider of information technology, consulting, and business process services.


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“The demand for IoT professional services is anticipated to grow during the forecast period owing to rising investments in India. As the region is home to major telecom industry players such as Infosys Technologies Limited and Tata Consultancy Services Limited which continually invest in evolving their infrastructure to keep up with technological advances. This is expected to drive the adoption of professional IoT services during the forecast period. Moreover,
fast and secure 5G connectivity is expected to accelerate the adoption of IoT devices, enabling agile operations and flexible production. This technology aims to facilitate automated assembly, warehousing, connected logistics, packaging, product handling, and autonomous carts. Additionally, the IoT and digital solutions visibility in the industry is significantly higher in India.” said, Mr. Karan Chechi, Research Director with TechSci Research, a research-based India management consulting firm.


IoT professional services Market Segmented By Service Type (IoT Consulting Service, IoT Infrastructure Service, System Designing & Integration Service, Support & Maintenance Service, and Education & Training Service), By Organization Size (SMEs, Large Enterprises), By Deployment Type (Cloud, On-premises), By End Use Industry (IT & Telecom, Retail, Manufacturing, Healthcare, BFSI and Others), By Region and Competition has evaluated the future growth potential of India IoT professional services market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in IoT professional services market.


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