IoT Engineering Services Global Market Report 2022-2031 | Market Demand, Scope, Overview And Top Key Players Tata Consultancy Services, Infosys Limited, Cognizant, Happiest Minds Technologies Limited, Capgemini SE

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The global IoT engineering services market report by the business research company identifies increasing demand for IoT solutions for smart manufacturing is expected to propel the IoT engineering services market going forward. Smart manufacturing refers to a broad category of manufacturing operations that are used in computer-integrated programs for design and development, and monitoring and manufacturing of easy supply chain functions. IoT solutions are used in smart manufacturing departments of a business to automate the performance of tasks as they help in enabling and monitoring assets, managing production tasks, and providing insights into business operations. For instance, according to SaM Solutions, a Germany-based company specializing in software development, in July 2021. The total global value of manufacturing operations integrated with IoT solutions was $3.9 trillion and is expected to reach $11.1 trillion by 2025. Companies adopt the integration of IoT solutions with manufacturing operations for automation of production lines to reduce the time and cost associated with manufacturing. Therefore, the rising demand for IoT solutions for smart manufacturing is driving the growth of the IoT engineering services market.

The global IoT engineering services market is expected to grow from $20.36 billion in 2021 to $25.33 billion in 2022 at a compound annual growth rate (CAGR) of 24.42%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The IoT engineering services market is expected to reach $58.48 billion in 2026 at a compound annual growth rate (CAGR) of 23.26%.

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North America was the largest region in the IoT engineering services market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT engineering services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the IoT engineering services market are Tata Consultancy Services, Infosys Limited, Cognizant, Happiest Minds Technologies Limited, Capgemini SE, Wipro Limited, Cisco Systems Inc, EPAM Systems Inc, Telefonaktiebolaget LM Ericsson, Luxoft Holding Inc, Arrow Electronics, KORE Wireless, NTT Data Corporation, Nitor Infotech and Coforge Limited.

The global IoT engineering services market is segmented -
1) By Service Type: Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering, Other Service Types
2) By Size Of Organization: Small Enterprises, Mid-Size Enterprises, Large Enterprises
3) By End Users: Healthcare, Automotive, Information Technology And Telecom, Building Automation, Agriculture, Public Utility, Retail, Other End Users

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The IoT engineering services Market Report Contents Include
1. Executive Summary
2. Iot Engineering Services Market Characteristics
3. Iot Engineering Services Market Trends And Strategies
4. Impact Of COVID-19 On Iot Engineering Services
5. Iot Engineering Services Market Size And Growth
.........
28. Key Mergers And Acquisitions In The Iot Engineering Services Market
29. Iot Engineering Services Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the IoT engineering services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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