Internet of Things Professional Services Market Is Booming Worldwide | Accenture, Atos SE, IBM Corporation, Capgemini, Cognizant and Others.
Internet of Things (IoT) Professional Services Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2023. It aims at estimating the size and growth potential of the market based on service type, application, and region.
The IoT Professional Services Market is projected to grow from US$ 79.0 Billion in 2018 to US$ 189.2 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.1% from 2018 to 2023. Download Free Sample Research Copy of Internet of Things (IoT) Professional Services Market at https://www.reportsnreports.com/contacts/requestsample.aspx?name=2169804 .
“Based on Service Type, the system designing and integration service segment of the market is projected to grow at the highest CAGR during the forecast period.”
The System Designing and integration service segment of the IoT professional services market is projected to grow at the highest CAGR from 2018 to 2023. System designing and integration services offer a wide range of designs for IoT ecosystems and enable the integration of IoT solutions with organizations to support their operational systems and business activities.
“Based on Application, the smart transport and logistics segment is projected to lead the IoT professional services market from 2018 to 2023.”
The Smart Transport and logistics segment is projected to lead the IoT professional services market during the forecast period. Smart transport and logistics involve the integration of advanced technologies with existing transportation and logistics infrastructure to deliver real-time online information about traffic flow, asset tracking, and passengers/commuters.The growth of the smart transport and logistics segment can be attributed to the increased demand for IoT professional services to carry out the traffic management, supply chain and logistics management, inventory management, passenger information system management, fleet management, freight management, cargo & container tracking, ticketing management, and parking management.
“The Asia Pacific IoT professional services market is projected to grow at the highest CAGR during the forecast period.”
The Asia Pacific IoT professional services market is projected to grow at the highest CAGR from 2018 to 2023. The growth of the market in Asia Pacific can be attributed to the increased adoption of advanced technologies, steady economic growth, and smart city projects undertaken in the region. The IoT professional services market in Asia Pacific is fragmented, and the providers of IoT professional services are making efforts to expand their base of services to most of the countries of the region due to improving infrastructure.
Breakdown of Primary Participants’ Profile:
• By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
• By Designation: C-level Executives– 38%, Directors – 30%, and Others – 32%
• By Region: North America – 40%,Europe– 15%, Asia Pacific– 35%,the Middle East and Africa – 5%,and Latin America – 5%
Most Popular Companies in the Internet of Things (IoT) Professional Services Market include are Accenture (Ireland), Atos SE (France), IBM Corporation (US), Capgemini (France), Cognizant (US), Happiest Minds (India), Infosys Limited (India), NTT DATA Corporation (Japan), Tata Consultancy Services Limited (India), Tech Mahindra Limited (India), Wipro Limited (India), Genpact (US), AT&T (US), Vodafone (UK), LUXOFT (Switzerland), and Prodapt Solutions PVT. LTD. (US).
Reason to access this report:
This Report on the IoT professional services market is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall market and its segments. This report is also expected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.
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