IoT Integration Market will generate massive revenue by 2029 according to forecasts by StraitsResearch

The IoT integration market was valued at USD 0.8 billion in 2019 and is expected to grow with a CAGR of 33.1%. IoT integration refers to the services that are procured by the companies for the efficient functioning of IoT devices. Various companies are opting for cloud-based integration systems to incorporate digital transformation, which enables the rapid growth of the IoT integration industry. Integration is useful to capture data from smart devices and move it into business applications to automate processes and apply analytics for insights.

Enterprises are encouraging employees to bring their own devices to the office. This has enabled enterprises to reduce their cost by not spending on corporate devices and enables employees to work from home and use the device of their choice. This trend has paved the way for a common platform across all devices that incorporate various applications. Furthermore, to connect multiple devices, IoT integration services have emerged as an effective solution as they provide two-way and real-time communication between the devices and systems.
Furthermore, IoT integration is also beneficial to meet the rapidly growing competitive nature of the current market scenario of manufacturing, hospitality, retail, transportation, and logistics, and energy, among others.

Asia-Pacific is the fastest-growing region in the IoT integration market on account of the rapid adoption of IoT-based devices among various industrial verticals and rising government initiatives in developing economies to enhance the connectivity that drives the market growth. Additionally, increasing smartphone penetration in developing economies and various digital payment services provides an impetus to market growth.

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The Major Players Covered in this Report:
Tata Consultancy Services Limited (India), Wipro Limited (India), ATOS SE (France), PLC (Ireland), Fujitsu Ltd. (Japan), Infosys Limited (India), Capgemini SE (France), HCL Technologies Limited (India), SoftDEL(the U.S.), Tech Mahindra Limited (India), Meshed (Australia), Intel Corporation (the U.S.), MuleSoft (the U.S.), DXC Technology (the U.S.), International Business Machines Corporation, Cognizant Technology Solutions Corporation, NTT Data Corporation (Japan), Phitomas (Malaysia), Allerin (the U.S.), & More...

By Service, Device and Platform Management Services, Application Management Services, Advisory Services, System Design and Architecture Services, Testing Services, Service Provisioning and Directory Management Services, Third Party API Management Services, Database and Block Storage Management Services, Network Protocol Management Services, Infrastructure and Workload Management Services, 
By Organization size, Small and Medium-Sized Enterprises (SMEs), Large Enterprise, By Application, Smart Building and Home Automation, Smart Healthcare, Energy and Utilities, Industrial Manufacturing and Automation, Smart Retail, Smart Transportation, Logistics, and Telematics

View this report with a detailed description and TOC @ 
https://straitsresearch.com/report/iot-integration-market/toc

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for IoT Integration in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global IoT Integration market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of IoT Integration and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of IoT Integration. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

View Full Report @ https://straitsresearch.com/report/iot-integration-market/global/

The report covers exhaustive analysis on:
Overview of the parent market
Global IoT Integration Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global IoT Integration Market Forecast 2021 to 2029
Supply & Demand Value Chain
Global IoT Integration Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements

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This release was published on openPR.