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Report Description

Report Description

Global IoT Professional Services Market is anticipated to grow at a robust pace during the forecast period, 2023-2028 owing to global expansion of connected devices and rising demand for highly customized professional IoT services in the industrial and transportation sectors is boosting the market growth. Moreover, the emergence of the next generation of 5G mobile connectivity technology is boosting the IoT ecosystem, enabling networks to serve billions of connected devices is also driving the growth in the IoT professional services market.

Internet of Things (IoT) Professional Services is a set of continuing, constantly developing services that make it easier for physical items (equipment) and computers to share and exchange data. IoT services are divided into four primary categories: infrastructure, support & maintenance, system planning & integration, and consultancy. These services enable organizations to wirelessly connect their equipment with other devices to improve the precision of business processes. Although this technology has a wide range of applications, it is heavily utilized by enterprises across a variety of industries, including retail operations, manufacturing facilities, and smart cities.

Favorable conditions in 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 Adoption of Connected Device

The growing trend of adopting connected devices in the industry is positively influencing the market. The number of IoT connections at scale is expected to double to reach nearly 200 million connections. By the end of 2027, 40% of cellular IoT connections will be broadband IoT, with 4G connections being the largest. However, with this 5G New Radio (NR) deployment on the old and new spectrum, data throughput rates for this segment are expected to increase significantly. New applications and business models, as well as falling device costs, have contributed to this. IoT technology at the scale of NB-IoT and Cat-M1 continues to be deployed worldwide. Massive IoT technologies are expected to account for 51% of all cellular IoT connections, overtaking broadband IoT cellular connectivity. This rise in adoption of connected devices is driving the growth of global IoT professional services market.

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

The Internet of Things (IoT) with Edge Computing is a large-scale virtual system that enhances processing and capacity between clients and the server farm of the traditional cloud computing system. Edge Computing devices can communicate with one another without external interference. The blockchain can be used for communications between blockchain IoT devices and edge computing centers. Since there has been an increase in demand for blockchain IoT technologies over the years, businesses have developed solutions that offer blockchain IoT solutions for edge computing and smart contracts. As a result, it is anticipated that the growing usage of blockchain-based IoT solutions for smart contracts and edge computing will offer companies in the global IoT professional service market with lucrative growth forecasts.


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Market Segmentation

Global 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 bifurcated into SMEs and large enterprises. Based on deployment type, the market is segmented into cloud, on-premises. Based on end-use industry the market is segmented into IT & Telecom, retail, manufacturing, healthcare, BFSI, and others.

Market Players

Major market players in the global 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

As of October 2021, Tata Consultancy Services has announced a partnership with AIS, Thailand's largest telecom operator, to enable manufacturers to deploy IoT solutions based on 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 greater 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

Regional scope

North America, Asia-Pacific; Europe; South America; Middle East

Country scope

United States, Canada; Mexico, China; Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain ,Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, Africa, Saudi Arabia, South Africa, UAE, Israel, Turkey

Key companies profiled

Atos SE, Tata Consultancy Services Limited, Accenture PLC, IBM Corporation, AT&T Inc., Cognizant Technology Solutions Corp., DXC Technology Company, Capgemini SE, Wipro Technologies, Oracle Corporation.

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

      ·         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

      ·         IoT Professional Services Market, By Organization Size:

o   SMEs

o   Large Enterprises

      ·         IoT Professional Services Market, By Deployment Type:

o   Cloud

o   On-premises

      ·         IoT Professional Services Market, By End Use Industry:

o   IT & Telecom

o   Retail

o   Manufacturing

o   Healthcare

o   BFSI

o   Others 

      ·         IoT Professional Services Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  India

§  Japan

§  South Korea

§  Australia

§  Singapore

§  Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

§  Belgium

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

§  Israel

§  Turkey

 

Competitive Landscape

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

Available Customizations:

With the given market data, Tech Sci 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 Global 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

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global 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

6.    Global 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 America 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

7.2.5.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States IoT Professional Services Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Service Type

7.3.1.2.2.           By Organization Size

7.3.1.2.3.           By Deployment Type

7.3.1.2.4.           By End Use Industry

7.3.2.    Canada IoT Professional Services Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Service Type

7.3.2.2.2.           By Organization Size

7.3.2.2.3.           By Deployment Type

7.3.2.2.4.           By End Use Industry

7.3.3.    Mexico IoT Professional Services Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Service Type

7.3.3.2.2.           By Organization Size

7.3.3.2.3.           By Deployment Type

7.3.3.2.4.           By End Use Industry

8.    Asia-Pacific 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

8.2.5.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China IoT Professional Services Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Service Type

8.3.1.2.2.           By Organization Size

8.3.1.2.3.           By Deployment Type

8.3.1.2.4.           By End Use Industry

8.3.2.    India IoT Professional Services Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Service Type

8.3.2.2.2.           By Organization Size

8.3.2.2.3.           By Deployment Type

8.3.2.2.4.           By End Use Industry

8.3.3.    Japan IoT Professional Services Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Service Type

8.3.3.2.2.           By Organization Size

8.3.3.2.3.           By Deployment Type

8.3.3.2.4.           By End Use Industry

8.3.4.    South Korea IoT Professional Services Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Service Type

8.3.4.2.2.           By Organization Size

8.3.4.2.3.           By Deployment Type

8.3.4.2.4.           By End Use Industry

8.3.5.    Australia IoT Professional Services Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Service Type

8.3.5.2.2.           By Organization Size

8.3.5.2.3.           By Deployment Type

8.3.5.2.4.           By End Use Industry

8.3.6.    Singapore IoT Professional Services Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Service Type

8.3.6.2.2.           By Organization Size

8.3.6.2.3.           By Deployment Type

8.3.6.2.4.           By End Use Industry

8.3.7.    Malaysia IoT Professional Services Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Service Type

8.3.7.2.2.           By Organization Size

8.3.7.2.3.           By Deployment Type

8.3.7.2.4.           By End Use Industry

9.    Europe 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

9.2.5.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany IoT Professional Services Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Service Type

9.3.1.2.2.           By Organization Size

9.3.1.2.3.           By Deployment Type

9.3.1.2.4.           By End Use Industry

9.3.2.    United Kingdom IoT Professional Services Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Service Type

9.3.2.2.2.           By Organization Size

9.3.2.2.3.           By Deployment Type

9.3.2.2.4.           By End Use Industry

9.3.3.    France IoT Professional Services Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Application

9.3.3.2.2.           By Business Model

9.3.3.2.3.           By Device

9.3.3.2.4.           By Service

9.3.4.    Russia IoT Professional Services Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Service Type

9.3.4.2.2.           By Organization Size

9.3.4.2.3.           By Deployment Type

9.3.4.2.4.           By End Use Industry

9.3.5.    Spain IoT Professional Services Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Service Type

9.3.5.2.2.           By Organization Size

9.3.5.2.3.           By Deployment Type

9.3.5.2.4.           By End Use Industry

9.3.6.    Belgium IoT Professional Services Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Service Type

9.3.6.2.2.           By Organization Size

9.3.6.2.3.           By Deployment Type

9.3.6.2.4.           By End Use Industry

9.3.7.    Italy IoT Professional Services Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Service Type

9.3.7.2.2.           By Organization Size

9.3.7.2.3.           By Deployment Type

9.3.7.2.4.           By End Use Industry

10. South America 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

10.2.5. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil IoT Professional Services Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Service Type

10.3.1.2.2.         By Organization Size

10.3.1.2.3.         By Deployment Type

10.3.1.2.4.         By End Use Industry

10.3.2. Argentina IoT Professional Services Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Service Type

10.3.2.2.2.         By Organization Size

10.3.2.2.3.         By Deployment Type

10.3.2.2.4.         By End Use Industry

10.3.3. Colombia IoT Professional Services Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Service Type

10.3.3.2.2.         By Organization Size

10.3.3.2.3.         By Deployment Type

10.3.3.2.4.         By End Use Industry

10.3.4. Peru IoT Professional Services Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Service Type

10.3.4.2.2.         By Organization Size

10.3.4.2.3.         By Deployment Type

10.3.4.2.4.         By End Use Industry

10.3.5. Chile IoT Professional Services Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Service Type

10.3.5.2.2.         By Organization Size

10.3.5.2.3.         By Deployment Type

10.3.5.2.4.         By End Use Industry

11. Middle East & Africa IoT Professional Services Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Service Type

11.2.2. By Organization Size

11.2.3. By Deployment Type

11.2.4. By End Use Industry

11.2.5. By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia IoT Professional Services Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Service Type

11.3.1.2.2.         By Organization Size

11.3.1.2.3.         By Deployment Type

11.3.1.2.4.         By End Use Industry

11.3.2. South Africa IoT Professional Services Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Service Type

11.3.2.2.2.         By Organization Size

11.3.2.2.3.         By Deployment Type

11.3.2.2.4.         By End Use Industry

11.3.3. UAE IoT Professional Services Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Service Type

11.3.3.2.2.         By Organization Size

11.3.3.2.3.         By Deployment Type

11.3.3.2.4.         By End Use Industry

11.3.4. Israel IoT Professional Services Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Service Type

11.3.4.2.2.         By Organization Size

11.3.4.2.3.         By Deployment Type

11.3.4.2.4.         By End Use Industry

11.3.5. Turkey IoT Professional Services Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Service Type

11.3.5.2.2.         By Organization Size

11.3.5.2.3.         By Deployment Type

11.3.5.2.4.         By End Use Industry

12. Market Dynamics

12.1. Drivers

12.1.1. Rising Adoption of Connected Device

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

12.1.3. Growth in Internet Penetration

12.2. Challenges

12.2.1. Concerns Related with Data Privacy

12.2.2. Rise in Cyber Crimes

13. Market Trends & Developments

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

13.2.   Rise in Technological Development

13.3.   Government Initiatives

13.4.   Increased Adoption in SMEs

13.5.   Increasing Inclination towards Smart Devices

14. Company Profiles

14.1.             Atos SE

14.1.1. Business Overview

14.1.2. Key Revenue and Financials (If Available)

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.2.             Tata Consultancy Services Limited

14.2.1. Business Overview

14.2.2. Key Revenue and Financials (If Available)

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.3.             Accenture PLC

14.3.1. Business Overview

14.3.2. Key Revenue and Financials (If Available)

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.4.             IBM Corporation

14.4.1. Business Overview

14.4.2. Key Revenue and Financials (If Available)

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.5.             AT&T Inc.

14.5.1. Business Overview

14.5.2. Key Revenue and Financials (If Available)

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.6.             Cognizant Technology Solutions Corp.

14.6.1. Business Overview

14.6.2. Key Revenue and Financials (If Available)

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.7.             DXC Technology Company

14.7.1. Business Overview

14.7.2. Key Revenue and Financials (If Available)

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.8.             Capgemini SE

14.8.1. Business Overview

14.8.2. Key Revenue and Financials (If Available)

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.9.             Oracle Corporation

14.9.1. Business Overview

14.9.2. Key Revenue and Financials (If Available)

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.10.          Wipro Technologies

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials (If Available)

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

15. Strategic Recommendations

15.1.   Key focus on North America

15.2.   Key focus towards IT & Telecom Industry

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

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, Wipro Technologies, and Oracle Corporation are the main market players in the Global IoT Professional Services Market

The major market segments in the Global IoT Professional Services Market are service type, organization size, deployment type, and end use industry.

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

The IoT Professional Services provides users with efficient operation management.

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