Asia Pacific IoT Engineering Services Market Size & Forecast 2023

Summary

Report Description

Asia-Pacific IoT engineering services market stood at around $ 2.2 billion in 2017 and is projected to grow at a CAGR of 24% to surpass $ 8 billion by 2023. Integration of blockchain and cryptographic processes across IoT security services offers centralized management of network and associated data, thereby reducing the burgeoning business vulnerabilities and security concerns as well as fueling the IoT engineering services market in the region. Moreover, industrial infrastructure evolution to smart environment, along with technological convergence is expected to drive Asia-Pacific IoT engineering services market during the forecast period.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

To define, segment, describe and forecast Asia-Pacific IoT engineering services market on the basis of service type, end use sector and country.
To analyze and forecast Asia-Pacific IoT engineering services market size.
To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of end user sector by segmenting Asia-Pacific IoT engineering services market into five sectors, namely, manufacturing, transportation & logistics, energy & utilities, healthcare and others (government, agriculture, IT & telecom, education, and aerospace & defense).
To identify the drivers and challenges for Asia-Pacific IoT engineering services market.
To strategically profile leading players operating in Asia-Pacific IoT engineering services market.

Click here to download the brochure

Some of the major players operating in the market are Altran Technologies, SA, Capgemini SE, Cognizant Technology Solutions Corporation, IBM Corporation, Infosys Limited, Tata Consultancy Services, Tech Mahindra Limited, Happiest Minds Technologies Private Limited, eInfochips, Prodapt Solutions Private Limited, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of major Asia-Pacific IoT engineering service developers, providers and procurers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. TechSci Research further analyzed the product offerings or variants, distribution channels, and regional presence of major IoT engineering services providers.

TechSci Research calculated Asia-Pacific IoT engineering services market size using a bottom-up approach, where data for different components for standard application (end user sectors such as manufacturing, transportation & logistics, energy & utilities, healthcare and others) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and these were externally validated through analyzing historical data of IoT engineering services market to arrive at the overall market size. Various secondary sources such as company websites, annual reports, World Bank website, government websites, press releases, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

IoT Service Developers, Vendors & Distributors
Managed Service Providers
Cloud and Security Service Providers
System Integrators
End-users of IoT engineering services such as manufacturing, transportation & logistics, energy & utilities, healthcare & other sectors
Associations, organizations, forums and alliances associated with IoT engineering services
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as IoT engineering service providers, procurers, customers and policy makers. The study would also help them to target the growing segments over the coming years and aid the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, the Asia-Pacific IoT engineering services market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

Market, by Service:

Product Engineering
Cloud Engineering
Experience Engineering
Security Engineering
Others (Analytics Engineering, Maintenance, Testing & Validation)

Market, by End Use Sector:

Manufacturing
Transportation & Logistics
Energy & Utilities
Healthcare
Others (IT & Telecom, Government, Education, Agriculture, Aerospace & Defense)

Market, by Country:

o China

o Japan

o South Korea

o India

o Singapore

o Rest of Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies providing IoT engineering services in Asia-Pacific.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

· Profiling of five more market players

In case you can’t find what you are looking for, then please get in touch with our custom research team at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Analyst View

4. Asia-Pacific IoT Engineering Services Market Outlook

4.1. Market Size & Forecast

4.1.1.By Value

4.2. Market Share & Forecast

4.2.1.By Service

4.2.2.By End User Sector

4.2.3.By Country

4.3. China IoT Engineering Services Market Outlook

4.3.1.Market Size & Forecast

4.3.1.1. By Value

4.3.2.Market Share & Forecast

4.3.2.1. By End User Sector

4.4. Japan IoT Engineering Services Market Outlook

4.4.1.Market Size & Forecast

4.4.1.1. By Value

4.4.2.Market Share & Forecast

4.4.2.1. By End User Sector

4.5. South Korea IoT Engineering Services Market Outlook

4.5.1.Market Size & Forecast

4.5.1.1. By Value

4.5.2.Market Share & Forecast

4.5.2.1. By End User Sector

4.6. India IoT Engineering Services Market Outlook

4.6.1.Market Size & Forecast

4.6.1.1. By Value

4.6.2.Market Share & Forecast

4.6.2.1. By End User Sector

4.7. Singapore IoT Engineering Services Market Outlook

4.7.1.Market Size & Forecast

4.7.1.1. By Value

4.7.2.Market Share & Forecast

4.7.2.1. By End User Sector

5. Market Dynamics

5.1. Drivers

5.2. Challenges

6. Market Trends & Developments

7. Competitive Landscape

7.1. Competitive Benchmarking

7.2. Company Profiles

7.2.1.Altran Technologies, SA

7.2.2.Capgemini SE

7.2.3.Cognizant Technology Solutions Corporation

7.2.4.IBM Corporation

7.2.5.Infosys Limited

7.2.6.Tata Consultancy Services

7.2.7.Tech Mahindra Limited

7.2.8.Happiest Minds Technologies Private Limited

7.2.9.eInfochips

7.2.10. Prodapt Solutions Private Limited

8. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Asia-Pacific IoT Engineering Services Market Size, By Value, 2013-2023F (USD Billion)

Figure 2: Asia-Pacific Blockchain Market Growth Rate, By Value, 2013-2023F (%)

Figure 3: Asia-Pacific IoT Services Market Growth Rate, By Value, 2013-2023F (%)

Figure 4: Asia-Pacific IoT Engineering Services Market Share, By Service, By Value, 2013-2023F

Figure 5: Asia-Pacific IoT Engineering Services Market Share, By End User Sector, By Value, 2013-2023F

Figure 6: Asia-Pacific IoT Engineering Services Market Share, By Country, By Value, 2013-2023F

Figure 7: China’s Share in Asia-Pacific IoT Engineering Services Market, By Value,

2017 & 2023F

Figure 8: China IoT Services Market Growth Rate, By Value, 2013-2023F (%)

Figure 9: China Blockchain Market Growth Rate, By Value, 2013-2023F (%)

Figure 10: China IoT Engineering Services Market Share, By End User Sector, By Value, 2013-2023F

Figure 11: Japan’s Share in Asia-Pacific IoT Engineering Services Market, By Value, 2017 & 2023F

Figure 12: Japan Smartphone User Base Growth Rate, 2015-2023F (%)

Figure 13: Japan Blockchain Market Growth Rate, By Value, 2013-2023F (%)

Figure 14: Japan IoT Engineering Services Market Share, By End User Sector, By Value, 2013-2023F

Figure 15: South Korea’s Share in Asia-Pacific IoT Engineering Services Market, By Value, 2017 & 2023F

Figure 16: South Korea Blockchain Market Growth Rate, By Value, 2013-2023F (%)

Figure 17: South Korea Smartphone User Growth Rate, 2013-2023F (%)

Figure 18: South Korea IoT Engineering Services Market Share, By End User Sector, By Value, 2013-2023F

Figure 19: India’s Share in Asia-Pacific IoT Engineering Services Market, By Value, 2017 & 2023F

Figure 20: India IoT Engineering Services Market Share, By End User Sector, By Value, 2013-2023F

Figure 21: Singapore’s Share in Asia-Pacific IoT Engineering Services Market, By Value, 2017 & 2023F

Figure 22: Singapore Blockchain Market Growth Rate, By Value, 2013-2023F (%)

Figure 23: Singapore IoT Services Market Growth Rate, By Value, 2014–2023F (%)

Figure 24: Singapore IoT Engineering Services Market Share, By End User Sector, By Value, 2013-2023F

Frequently asked questions

Related Reports

Sakshi Bajaal

Business Consultant

Talk To Analyst

Press Release

Asia Pacific IoT Engineering Services Market to Grow at 24% CAGR until 2023

Oct, 2018

Industry 4.0 is driving adoption of Digital Twin technology across manufacturing, transportation & logistics, utilities, healthcare, aerospace & defense, and several other sectors, thereby fueling As

Asia-Pacific IoT Engineering Services Market By Service (Product Engineering, Cloud Engineering, Experience Engineering, Security Engineering & Others), By End User Sector, By Country, Competition Forecast & Opportunities, 2013 – 2023

Buy Now