IoT Integration Market Growth 2021-2029 by Top Key Players – Tata Consultancy Services Limited (India), Wipro Limited (India), ATOS SE (France)

IoT Integration Market

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 efficient functioning of IoT devices. Various companies are opting for cloud-based integration systems to incorporate digital transformation, which enables 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. 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.

Over the past few decades, a significant increase is witnessed in terms of the adoption of BYOD and remote workplace management solutions. 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 effectivesolution as they provide two-way and real-time communication between the devices and systems.

These platforms act on data locally, automate corrective responses, and store data on the cloud for better business insights. The growth in BYOD and remote workplace management has propelled the need to manage devices and assets in enterprises. For instance, in March 2017, Brunel University deployed the Cisco BYOD smart solution to create a flawless experience of BYOD for students and staff. The integration of BYOD has enabled access to a network of approximately 5800 devices.

Increasing regulatory compliance, the need for high-speed data, and burgeoning BYOD and remote workplace management are the factors fuelling the market growth. However, data security and privacy concern hinder the market growth.

The device and platform management services segment dominates the market as they offer a wide variety ofservices, including remote monitoring, connectivity, and troubleshooting of heterogeneous devices. The platform also allows integrating, connecting, and managing the visibility across global IoT chains. Moreover, increasing adoption of automation across various industry verticals to meet the growing consumer demand drives the market growth.
For instance, in February 2020, the U.S. Department of Energy’s (DOE) Office of Electricity (OE) announced USD 6.7 billion in funding for four university-led research projects to design and develop approaches to integrate Internet of Things (IoT) technologies.

Industrial manufacturing is the fastest-growing segment in the IoT integration market on account of the increasing pressure to improve operational performance and enhance production processes. Thus, the manufacturing sectors are adopting IoT solutions, sensors, and wireless connectivity to improve their operational efficiency. Moreover, IoT enabled services offer more comprehensive functions, which allows manufacturing sectors to track the assets, production, and supply chain line. Additionally, modification in FDI policies in several countries has surged the foreign investment in the manufacturing sector, further driving the market growth. For instance, in July 2020, Taiwan contract manufacturer Foxconn announced plans to invest USD 1 billion in a production facility in India.

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The Major Prominent Players Covered in this Report:
Tata Consultancy Services Limited (India)
Wipro Limited (India)
ATOS SE (France)
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.)

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

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2021 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key IoT Integration Market Trends:
- The report identifies, determines, and forecasts the Global IoT Integration Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the IoT Integration Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global IoT Integration Market.

Key Questions Answered in The Report:
What will the IoT Integration market growth rate?
What are the key factors driving the global IoT Integration market?
Who are the key manufacturers in the IoT Integration market space?
What are the market opportunities, market risk, and market overview of the IoT Integration market?
What are sales, revenue, and price analysis of top manufacturers of the IoT Integration market?
Who are the distributors, traders, and dealers of the IoT Integration market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the IoT Integration Industry?
What are sales, revenue, and price analysis by regions of IoT Integration industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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