Report Description

India IoT Professional Services Market is anticipated to grow at a robust pace during the forecast period, 2024-2028. The India expansion of connected devices and demand for highly customized professional IoT services in the industrial and transportation sectors. Moreover, the emergence of the next generation of 5G mobile connectivity technology could unlock a vast IoT ecosystem, enabling networks to serve billions of connected devices.

Professional services for the Internet of Things (IoT) are a set of ongoing processes that make it simpler for computers and physical objects (equipment) to share and exchange data. Infrastructure, support and maintenance, system planning and integration, and consultancy are the four primary categories of IoT services. To increase the accuracy of business processes, these services allow organizations to wirelessly connect their equipment with other devices. Despite its broad range of applications, this technology is heavily used by businesses in a variety of industries, including retail operations, manufacturing facilities, and smart cities.

Favorable conditions on the Internet of Things (IoT) professional services market are driven by the increasing adoption of smart farming and growing demand for cloud-based service management platforms. Enterprises planning a 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. These services include understanding customer requirements, architectural frameworks, high-level design, results validation, transformation readiness, program plan extension, adoption readiness, deployment execution, business reviews, and value realization and are presented in phases. The above factors combine to create opportunities for market growth, but factors such as the need for uniform regulatory standards and universal protocols constrain the market.

Rising Adaption of Connected Device

The market is being positively impacted by the growing trend of connected device adoption in the sector. Data throughput rates for this area are anticipated to rise significantly because of the deployment of 5G New Radio (NR) on both the old and new spectrum. A part of this has been made possible by emerging business models and applications as well as decreasing device costs. Worldwide adoption of NB-IoT and Cat-M1 scale IoT technology is still going strong. Broadband IoT cellular connectivity will be surpassed by massive IoT technologies, which are anticipated to account for 51% of all cellular IoT connections. The increased adoption of connected devices is driving the India IoT professional services market.

Rising Adoption of Blockchain-Based IoT Solutions for Smart Contracts and Edge Computing

Edge computing is a large-scale virtual system that improves processing and capacity between clients and the server farm of a traditional cloud computing system. Devices using edge computing are capable of uninterrupted communication with one another. Edge computing facilities and blockchain IoT devices can communicate with each other using the blockchain. Businesses have developed solutions that provide blockchain IoT solutions for edge computing and smart contracts as a result of the rise in demand for blockchain IoT technologies over time. As a result, it is expected that the increasing use of blockchain-based IoT solutions for smart contracts and edge computing will provide lucrative growth forecasts for companies in the India IoT professional service market.


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Market Segmentation

India IoT professional services market is segmented on the basis of service type, by organization size, by deployment type, and by 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. Based on organization size, the market is further bifurcated into SMEs and large enterprises. Based on deployment type, the market is further segmented into cloud and on-premises. Based on end-use industry, the market is further segmented into IT & Telecom, retail, manufacturing, healthcare, BFSI, and others.

Market Players

Major market players in the India IoT professional services market are Atos SE, Tata Consultancy Services Limited, Accenture PLC, IBM Corporation, General Electric Company, AT&T Inc., Cognizant Technology Solutions Corp., DXC Technology Company, Capgemini SE, Virtusa Corp., Wipro Technologies, and Oracle Corporation.

Recent Development

  • In October 2021, Tata Consultancy Services announced a partnership with AIS, Thailand's largest telecom operator, to enable manufacturers to deploy 5G smart network technology. The partnership will combine AIS' leadership in telecommunications services in Thailand with TCS' extensive intellectual property portfolio and IT consulting expertise to help Thai companies accelerate their growth and transformation with TCS' 5G-enabled IoT products.
  • In September 2021, Telstra and Cisco announced a five-year cooperation to enhance connectivity management for Internet of Things (IoT) services through the Telstra Control Center powered by Cisco. Cisco's IoT Control Center SaaS solution has been used by Telstra for more than 10 years, and it has assisted the firm in achieving its goals and establishing new revenue sources. The company's great visibility and flexibility in managing their businesses and transforming IoT data into options benefits thousands of customers, including Australia's top financial institutions, retailers, and government.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Service Type

By Organization Size

By Deployment Type

By End Use Industry

Country scope

North India, South India, East India, West India

Key companies profiled

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

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

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

      ·         India IoT Professional Services Market, By Service Type:

o   IoT Consulting Service

o   IoT Infrastructure Service

o   System Designing & Integration Service

o   Support & Maintenance Service

o   Education & Training Service 

      ·         India IoT Professional Services Market, By Organization Size:

o   SMEs

o   Large Enterprises

      ·         India IoT Professional Services Market, By Deployment Type:

o   Cloud

o   On-premises

      ·         India IoT Professional Services Market, By End Use Industry:

o   IT & Telecom

o   Retail

o   Manufacturing

o   Healthcare

o   BFSI

o   Others 

      ·         India IoT Professional Services Market, By Region:

o   East India

o   West India

o   North India

o   South India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India IoT Professional Services market.

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:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
The India IoT Professional Services market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on India IoT Professional Services Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Technological Awareness

5.6.  Key Services in Use

5.7.  Frequency of Usage of IoT Professional Services

6.    India IoT Professional Services Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Service Type (IoT Consulting Service, IoT Infrastructure Service, System Designing & Integration Service, Support & Maintenance Service, and Education & Training Service)

6.2.2.    By Organization Size (SMEs, Large Enterprises)

6.2.3.    By Deployment Type (Cloud, On-premises)

6.2.4.    By End Use Industry (IT & Telecom, Retail, Manufacturing, Healthcare, BFSI and Others)

6.2.5.    By Region

6.2.6.    By Company

6.3.  Market Map

7.    North India IoT Professional Services Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Service Type

7.2.2.    By Organization Size

7.2.3.    By Deployment Type

7.2.4.    By End Use Industry

8.    South India IoT Professional Services Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Service Type

8.2.2.    By Organization Size

8.2.3.    By Deployment Type

8.2.4.    By End Use Industry

9.    East India IoT Professional Services Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Service Type

9.2.2.    By Organization Size

9.2.3.    By Deployment Type

9.2.4.    By End Use Industry

10. West India IoT Professional Services Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Service Type

10.2.2. By Organization Size

10.2.3. By Deployment Type

10.2.4. By End Use Industry

11. Market Dynamics

11.1. Drivers

11.1.1. Rising Adaption of Connected Device

11.1.2. Rising Adoption of Blockchain-Based IoT Solutions for Smart Contracts and Edge Computing

11.1.3. Rise in Internet Penetration

11.2. Challenges

11.2.1. Concerns Related with Data Privacy

11.2.2. Rise in Cyber Crimes

12. Market Trends & Developments

12.1.   Increasing Demand for IoT-enabled Digital Transformation of Enterprises

12.2.   Rise in Technological Development

12.3.   Government Initiatives

12.4.   Increased Adoption in SMEs

12.5.   Increasing Inclination towards Smart Devices

13. Company Profiles

13.1.             Infosys Technologies Limited

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.1.6. SWOT Analysis

13.2.             Tata Consultancy Services Limited

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.2.6. SWOT Analysis

13.3.             Wipro Technologies

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.3.6. SWOT Analysis

13.4.             HCL Technologies

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.4.6. SWOT Analysis

13.5.             Redington (India) Ltd

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.5.6. SWOT Analysis

13.6.             Tech Mahindra

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.6.6. SWOT Analysis

13.7.             L&T Infotech

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.7.6. SWOT Analysis

13.8.             MphasiS Ltd

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.8.6. SWOT Analysis

13.9.             Oracle Financial Services Software Ltd (OFSSL)

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

13.9.6. SWOT Analysis

13.10.          Mindtree Ltd

13.10.1.              Business Overview

13.10.2.              Key Revenue and Financials

13.10.3.              Recent Developments

13.10.4.              Key Personnel

13.10.5.              Key Product/Services

13.10.6.              SWOT Analysis

14. Strategic Recommendations

14.1.   Key focus on South Region

14.2.   Key focus towards IT & Telecom Industry

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Tata Consultancy Services, Infosys Technologies Limited, Wipro Technologies, HCL Technologies, Redington (India) Ltd, Tech Mahindra, L&T Infotech, MphasiS Ltd, Mindtree Ltd and Oracle Financial Services Software Ltd (OFSSL) are the main market players in the India IoT Professional Services Market.

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Expansion of connected devices and demand for highly customized professional IoT services in the industrial and transportation sectors are driving the market of India IoT Professional Services Market.

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South India is the fastest-growing region in the IoT Professional Services Market owing to increasing internet penetration and government initiatives.

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The IoT Professional Services provides users with efficient operation management.

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Sakshi Bajaal

Business Consultant
Press Release

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

Mar, 2023

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 per