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IoT Professional Services Market 2021 Global Analysis by Type, Organization Size, Deployment Type, Application, Region and Competitive Analysis (Atos SE, IBM Corporation, Cognizant, DXC Technology)

05-10-2021 04:30 PM CET | IT, New Media & Software

Press release from: ReportsandReports

IoT Professional Services

IoT Professional Services

IoT Professional Services Market report supports in defining and optimizing each stage in the lifecycle of an industrial process that comprises engagement, acquisition, retention, and monetization. The analysis and estimations conducted via this IoT Professional Services Market report helps to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values. This market document is a brilliant guide for actionable ideas, enhanced decision-making, and better business strategies. The insights given in this IoT Professional Services Market research report are established upon SWOT analysis on which businesses can rely confidently.

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This IoT Professional Services Market analysis report begins with a basic introduction of 2021 market segmentation, future scenario, IT industry growth rate, and industrial opportunities to 2026. The report forecasts innovative applications of the market on the basis of these estimations. Company profile encompasses parameters such as company synopsis, commercial synopsis, work strategy and planning, SWOT analysis, and present developments. The report gives out an outlook of the business chain structure and explains the industry environment then analyzes the market size and forecast by product, region, and market application.

IoT Professional Services Market by Service Type (IoT Consulting, IoT Infrastructure, System Designing and Integration), Organization Size, Deployment Type, Application (Smart Buildings, Smart Transport and Logistics), and Region - Global Forecast to 2026 The IoT Professional Services market size is projected to grow from USD 98.8 billion in 2020 to USD 149.9 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.

Some prominent players profiled in the study include:

Atos SE (Atos),
IBM Corporation (IBM),
Cognizant (Cognizant),
DXC Technology (DXC Technology),
Deloitte (Deloitte),
Capgemini (Capgemini),
Tata Consultancy Services (TCS),
NTT DATA Corporation (NTT DATA),
Infosys (Infosys),
AT&T Inc. (AT&T),
Wipro Limited (Wipro),
Happiest Minds (Happiest Minds),
Mindtree (Mindtree),
General Electric (GE),
Honeywell International Inc. (Honeywell),
Oracle Corporation (Oracle),
HCL Technologies (HCL),
Virtusa Corporation (Virtusa),
Vodafone Group plc (Vodafone),
Tech Mahindra (Tech Mahindra),
Ernst & Young Global Limited (EY),
Prodapt Solutions Private Limited (Prodapt),
Unisys Corporation (Unisys),
Siemens Advanta Consulting (Siemens Advanta Consulting),
and ORBCOMM (ORBCOMM).

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Based on service type, the IoT consulting service segment is expected to lead the IoT professional services market during the forecast period

Based on IoT infrastructure services, cloud services segment is expected to grow at a higher CAGR during the forecast period

Based on organization size, large enterprises segment is expected to lead the IoT professional services market during the forecast period

Based on deployment type, the cloud segment is expected to grow at a higher CAGR during the forecast period

Based on application, the smart transport and logistics segment is expected to lead the IoT Professional Services market during the forecast period

APAC is expected to grow at a higher CAGR during the forecast period

APAC is the fastest-growing region in the IoT professional services market; this growth can be attributed to the significant adoption of advanced technologies, the proliferation of IoT-enabled devices, continuously enhancing network connectivity, and government initiatives for IoT. The region is taking aggressive initiatives to leverage the IT infrastructure, enabling commercial users to adopt the cutting-edge technology. According to the GSM Association, APAC represents the single largest market for IoT services with an expected seven billion connections by 2021. The presence of IoT professional service vendors, such as TCS, NTT DATA, Wipro, and Infosys, is one of the factors driving the growth of the IoT professional services in APAC. The size of the revenue potential in APAC is attracting international IoT vendors to offer their IoT professional services in the region.

By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
By Designation: C-level – 38%, Directors – 30%, and Others – 32%
By Region: North America – 40%, Europe – 15%, APAC – 35%, MEA – 5%, Latin America– 5%.

Table Of Contents

1 Introduction
1.1 Introduction To Covid-19
1.2 Covid-19 Health Assessment
Figure 1 Covid-19: Global Propagation
Figure 2 Covid-19 Propagation: Select Countries
1.3 Covid-19 Economic Assessment
Figure 3 Revised Gross Domestic Product Forecasts For Select G20 Countries In 2020
1.3.1 Covid-19 Economic Impact—Scenario Assessment
Figure 4 Criteria Impacting Global Economy
Figure 5 Scenarios In Terms Of Recovery Of Global Economy
1.4 Objectives Of The Study
1.5 Market Definition
1.5.1 Inclusions And Exclusions
1.6 Market Scope
1.6.1 Market Segmentation
1.6.2 Years Considered For The Study
1.7 Currency
Table 1 United States Dollar Exchange Rate, 2017–2020
1.8 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 6 Global Iot Professional Services Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup Of Primary Profiles
Figure 7 Breakup Of Primary Interviews: By Company, Designation, And Region
2.1.2.2 Key Industry Insights
2.2 Market Breakup And Data Triangulation
Figure 8 Data Triangulation
2.3 Market Size Estimation
Figure 9 Research Methodology: Approach
Figure 10 Market Size Estimation Methodology─ Approach 1 (Supply Side): Revenue Of Different Iot Professional Service Types In Iot Professional Services Market
Figure 11 Market Size Estimation Methodology ─ Approach 1 Bottom-Up (Supply Side): Collective Revenue Of Iot Professional Service Types In Market
Figure 12 Market Size Estimation Methodology—Approach 2—Bottom-Up (Demand Side)
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Assumptions For The Study
2.6 Limitations Of The Study

3 Executive Summary
Figure 13 Iot Professional Services Market Size, 2020–2026
Figure 14 Iot Consulting Services Segment To Lead Market During Forecast Period
Figure 15 Small And Medium-Sized Enterprises Segment To Show High Growth Rate During Forecast Period
Figure 16 On-Premises Segment To Show High Growth Rate During Forecast Period
Figure 17 Smart Transport And Logistics Segment To Lead Market In 2020
Figure 18 Growing Segments In Market, 2020–2026
Figure 19 Market: Regional Snapshot

4 Premium Insights
4.1 Attractive Opportunities In Iot Professional Services Market
Figure 20 Rapidly Growing Number Of Iot Connections Leading To An Increased Data Traffic Drives Market Growth During Forecast Period From 2020 To 2026
4.2 Asia Pacific Market, By Service Type And Country
Figure 21 Iot Consulting Services And China To Account For Large Market Shares In Asia Pacific In 2020
4.3 Market: Major Countries
Figure 22 India To Grow At Highest Rate During Forecast Period

5 Market Overview And Industry Trends
5.1 Market Overview
5.2 Market Dynamics
Figure 23 Drivers, Restraints, Opportunities, And Challenges: Iot Professional Services Market
5.2.1 Drivers
5.2.1.1 Rapidly Growing Number Of Iot Connections Leading To Increased Data Traffic
5.2.1.2 Increasing Internet Ubiquity And Development Of Wireless Technologies
5.2.1.3 Rising Need To Increase Operational Efficiency In Various Industries
5.2.1.4 Government Initiatives In R&D Activities Related To Iot
5.2.2 Restraints
5.2.2.1 Interoperability And Lack Of Common Standards
5.2.3 Opportunities
5.2.3.1 Increasing Demand For Iot-Enabled Digital Transformation Of Businesses
5.2.3.2 Shift From On-Premises To Cloud-Based Data Management Strategy
5.2.4 Challenges
5.2.4.1 Integration Issues Of Legacy Infrastructure And Communication Networks
5.2.4.2 Concerns Associated With Data Security And Privacy
5.3 Impact Of Covid-19 On Iot Professional Services Market Dynamics Analysis
5.3.1 Drivers And Opportunities
5.3.2 Restraints And Challenges
5.3.3 Cumulative Growth Analysis
5.4 Case Study Analysis
5.4.1 Chemicals
5.4.1.1 Use Case 1: Atos Helped Multinational Chemicals Company With Effective Rodent Monitoring
5.4.2 Retail
5.4.2.1 Use Case 2: Atos Helped The Coca-Cola Hellenic Bottling Company Get The Benefits Of Connected Cooler Service
5.4.3 Government
5.4.3.1 Use Case 3: Dxc Technology Helped Flanders Investment & Trade Survive The Coronavirus Crisis
5.4.4 Healthcare
5.4.4.1 Use Case 4: Hcl Helped Pharmaceutical And Nutraceutical Provider Enhance Patient Care
5.4.5 Transportation And Logistics
5.4.5.1 Use Case 5: Cognizant Helped One Of The Leading Manufacturers Of Commercial Trucks And Buses To Make Its Vehicles More Reliable And Less Expensive To Operate
5.5 Technology Analysis
5.5.1 Introduction
5.5.2 Edge Computing
5.5.3 Digital Twin
5.5.4 Mqtt Protocol
5.5.5 Wi-Fi
5.6 Ecosystem
Table 3 Ecosystem: Iot Professional Services Market
5.7 Value Chain Analysis
Figure 24 Market: Value Chain
5.8 Porter’s Five Forces Model
Table 4 Porter’s Five Forces Analysis: Market
5.8.1 Threat Of New Entrants
5.8.2 Threat Of Substitutes
5.8.3 Bargaining Power Of Buyers
5.8.4 Bargaining Power Of Suppliers
5.8.5 Degree Of Competition
5.9 Average Selling Price Trend
5.10 Patent Analysis
Table 5 Below Table Highlights Few Patents Granted To Vendors In Iot Professional Services Market
5.11 Regulatory Implications
5.11.1 General Data Protection Regulation
5.11.2 California Consumer Privacy Act
5.11.3 Service Organization Control 2
5.11.4 Health Insurance Portability And Accountability Act
5.11.5 Communications Decency Act
5.11.6 Anti-Cybersquatting Consumer Protection Act
5.11.7 Cen/Iso
5.11.8 Iso/Iec Jtc 1
5.11.8.1 Iso/Iec Jtc 1/Swg 5
5.11.8.2 Iso/Iec Jtc 1/Sc 31
5.11.8.3 Iso/Iec Jtc 1/Sc 27
5.11.8.4 Iso/Iec Jtc 1/Wg 7 Sensors
5.11.9 Etsi
5.11.10 Ieee

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