IoT Professional Services Market: Global and Regional Analysis with Forecast till 2028, Business Opportunities, Post COVID Scenario

According to the report, the global IoT professional services market size is expected to reach $172.21 Billion by 2028 growing at the CAGR of 7.58% from 2021 to 2028. This growth is attributed to the rising demand for IoT professional services in the transportation and industrial sectors. The development of wireless technology and increased internet availability are driving the IoT professional service industry. The growing need for innovative technology makes it easier for businesses to select IoT expert services. The lack of a unified regulatory standard and universal protocol, and the lack of universal standard or promising architectural services, would hinder the expansion of global IoT professional services.

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The recently published research report on Global IoT Professional Services Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the IoT Professional Services market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the IoT Professional Services market report also includes the following data points:
• COVID19 Impact on IoT Professional Services market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in IoT Professional Services market

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Key Players
Some of the major IoT Professional Services players holding high market share include IBM Corporation, Cognizant, DXC Technology, Deloitte. These players use partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Atos
• IBM Corporation
• Cognizant
• DXC Technology
• Deloitte
• Tata Consultancy Services
• NTT DATA Corporation
• Infosys
• Wipro Limited

Segmental Analysis
Market Segment By Service Type with focus on market share, consumption trend, and growth rate of IoT Professional Services Market:
o IoT Consulting Service
o IoT Infrastructure Service
o Education and Training Service
o Others

Market Segment By Organization size with focus on market share, consumption trend, and growth rate of IoT Professional Services Market:
o SMEs
o Large Enterprises

Market Segment By Application with a focus on market share, consumption trend, and growth rate of IoT Professional Services Market:
o Smart Buildings
o Smart Manufacturing
o Smart Transport and Logistics
o Others

Market Segment By Deployment Type with a focus on market share, consumption trend, and growth rate of IoT Professional Services Market:
o Cloud
o On-premises

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Global IoT Professional Services Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

North America, which includes the United States and Canada, is predicted to dominate the global IoT professional services market. These countries have stable and well-established economies, allowing them to make significant investments in R&D and thereby contribute to the creation of new technology. The region is technologically advanced, and some government programs, such as smart cities and industrial IoT, have been implemented.

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