IoT Integration Market With Emerging Factors 2020 | Cognizant Technology Solutions Corporation, IBM Corporation, NTT Data Corporation, ATOS SE

The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals, or people that are is with a unique identifier with the ability to transfer data over a network without any human-to-human or human-to-computer interaction. IoT integration refers to the services that are provided by the vendors for efficient functioning of IoT devices. Different companies are moving more toward cloud-based integration systems to bring digital transformation, which enables rapid growth of the IoT integration market industry. Integration is useful to capture data from smart devices and move it into business applications to automate processes and apply analytics for insights. IoT integration has capabilities that matches competitive scenarios, which are constantly changing industries such as manufacturing, healthcare, transportation, energy, retail, and hospitality. IoT integration market opportunities can be attributed by aligning management strategy within organizational strategies.

Advancements in the IoT technology and wearable devices have led to the increase in the BYOD culture in organizations and remote workplace management. Further, need for data consistency in enterprises drive the growth of the market. In addition, extension in partnership agreement of IoT vendors and growing use of API approach for integration in organizations fuels the growth of the market. However, user's safety and security concerns and lack of standards of interconnectivity and interoperability hampers the IoT integration market growth. Furthermore, API integration in various organization and the rise of adoption of IPAAS are anticipated to provide the major opportunities in the market.

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The IoT integration market is segmented into component, services, organization size, application, and region. In terms of component, it is bifurcated into solution and service. By services, it is classified into advisory services, application management services, database & block storage management services, device & platform management services, infrastructure & workload management services, network protocol management services, service provisioning & directory management services, system design & architecture services, testing services, and third-party API management services. As per organization size, the IoT integration market is divided into large enterprises and small & medium enterprises. By application, it is classified into energy & utilities, industrial manufacturing & automation, smart building & home automation, smart healthcare, smart retail, smart transportation, and logistics & telematics. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the IoT integration market analysis are Cognizant Technology Solutions Corporation, IBM Corporation, NTT Data Corporation, ATOS SE, Dell Technologies Inc, Tata Consultancy Services Limited, Intel Corporation, Wipro Limited, Fujitsu Ltd, and Accenture PLC. Current and future IoT integration market trends are outlined to determine the overall attractiveness of the market.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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