openPR Logo
Press release

Steady Expansion Forecast for IoT Professional Services Market, Projected to Reach $307.29 Billion by 2029

07-21-2025 07:23 AM CET | IT, New Media & Software

Press release from: The Business Research Company

IoT Professional Services

IoT Professional Services

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the IoT Professional Services Industry Market Size Be by 2025?
The market size of IoT professional services has seen significant expansion in recent years. It is set to escalate from a worth of $164.33 billion in 2024 to $180.75 billion in 2025, marking a compound annual growth rate (CAGR) of 10.0%. Factors contributing to the growth during the historic period include enhanced connectivity needs, security issues, an increase in the requirement for professional services, the use of smart devices, and the expansion of e-commerce and online retail.

What's the Long-Term Growth Forecast for the IoT Professional Services Market Size Through 2029?
The market for IoT professional services is projected to experience rapid expansion in the coming years, rising to $307.29 billion in 2029 with a compound annual growth rate (CAGR) of 14.2%. This progression during the forecast period can be ascribed to elements such as the uptake of 5G, an increasing focus on enhancing customer experience, the expansion of smart cities, the emergence of autonomous devices, and the growing complexity of cyber threats. Dominant trends during the estimated period include the introduction of digital twins, the incorporation of augmented reality (AR) and virtual reality (VR), the surge in artificial intelligence, the implementation of blockchain technology, and the concept of human augmentation.

View the full report here:
https://www.thebusinessresearchcompany.com/report/iot-professional-services-global-market-report

What Are the Key Growth Drivers Fueling the IoT Professional Services Market Expansion?
The IoT market's expansion is being propelled by its application in diverse sectors, including the automotive industry. Its utilization in the vehicle manufacturing business has resulted in an abundance of opportunities for manufacturers and customers across the globe. Various multifunctional applications in the car industry regard IoT as a significant area of interest. IoT supports improved communication, control, and data transmission at any transport node. Major corporations like Mercedes-Benz, Volkswagen, Volvo, Toyota, and Google Inc. are progressively putting resources into the production of smart vehicles brimming with advanced features, aiming to offer healthier, more comfortable, and more delightful driving experiences. UBS forecasts that autonomous taxi fleets will account for 12% of all car sales in 2030, yielding around 26 million driverless taxis in operation around the world.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7869&type=smp

What Are the Key Trends Driving IoT Professional Services Market Growth?
Leading firms in the IoT professional services sector are creating innovative solutions like IoT Services for Sustainability to remain competitive in the market. IoT Services for Sustainability are designed to tackle societal and environmental sustainability issues. For example, in May 2022, Nippon Telegraph and Telephone, a telecommunications firm based in Japan, launched its own range of IoT services for sustainability. These solutions are comprehensive and geared toward helping corporations meet their sustainability objectives. The all-encompassing stack offers features such as OCR Meter Reading, which supports real-time data collection from an array of meters, Water Leak Management as a means of protection against water damage through IoT, Predictive Maintenance through sensor data analysis for event anticipation, and Environmental Monitoring for identifying pollutants and keeping track of environmental conditions. NTT's LoRaWAN network backs the stack offering secure IT or OT integration. It offers several advantages, including reduced emissions, energy cost savings, improved work enablement, and operational excellence. This move resonates with the increasing focus on employing IoT technologies to fight climate change and attain sustainability goals.

How Is the IoT Professional Services Market Segmented?
The IoT professional services market covered in this report is segmented -

1) By Service Type: IoT Consulting Service, IoT Infrastructure Service, System Designing And Integration Service, Support And Maintenance Service, Education And Training Service
2) By Deployment Type: Cloud, On-Premises
3) By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprises
4) By Application: Smart Buildings, Smart Manufacturing, Smart Transport and Logistics, Smart Healthcare, Smart Retail, Other Applications

Subsegments:
1) By IoT Consulting Service: Business Consulting, Technology Consulting, Strategy Development, Feasibility Assessment
2) By IoT Infrastructure Service: Network Infrastructure Setup, Cloud Infrastructure Management, Security Infrastructure Implementation
3) By System Designing And Integration Service: IoT Solution Design, Device And Platform Integration, Data Integration And Middleware Services
4) By Support And Maintenance Service: Remote Monitoring And Support, Troubleshooting And Issue Resolution, Software Updates And Patches
5) By Education And Training Service: IoT Training Programs, Technical Workshops, Certification Programs

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7869&type=smp

Which Companies Are Leading the Charge in IoT Professional Services Market Innovation?
Major companies operating in the IoT professional services market include Google LLC, Microsoft Corporation, AT&T Inc., Robert Bosch GmbH, Hitachi Ltd., Amazon Web Services Inc., Siemens AG, General Electric Company, accenture* plc, IBM Corporation, Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers LLP, Cisco Systems Inc., Vodafone Group plc, Ernst & Young Global Limited, Oracle Corporation, Schneider Electric SE, Honeywell International Inc., KPMG International Ltd., Tata Consultancy Services Limited., Fujitsu Limited, NEC Corporation, NTT DATA Corporation, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, DXC Technology Company, Atos SE, Wipro Limited, HCL Technologies Limited, Tech Mahindra Limited, LTIMindtree Ltd., Happiest Minds Technology Ltd.

Which Regions Are Leading the Global IoT Professional Services Market in Revenue?
North America was the largest region in the IoT professional services market in 2024. The regions covered in the IoT professional services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7869

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Steady Expansion Forecast for IoT Professional Services Market, Projected to Reach $307.29 Billion by 2029 here

News-ID: 4111058 • Views:

More Releases from The Business Research Company

Segment Evaluation and Major Growth Areas in the Personalized Testing and Supplements Market
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future. Market Valuation and Expansion Forecast for Personalized Testing
Top Players and Market Competition in the Skin Microbiome Industry
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry. Projected Expansion in the Skin
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market Landscape
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory. Steady Growth Expected in Upadacitinib Market Size Through 2029 The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Market
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field. Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics

All 5 Releases


More Releases for IoT

2025 IoT Solutions World Congress Highlights IoT Innovations
Barcelona, Spain - The 2025 IoT Solutions World Congress, held May 13-15 in Barcelona, concluded successfully, reinforcing its role as a leading platform for IoT advancements. The event attracted global industry leaders to explore technologies like Industrial router [https://www.waveteliot.com/] switches, industrial cellular routers, and industrial 5G routers. Image: https://www.abnewswire.com/upload/2025/10/926ea6e064576338c31876d9971814c3.jpg Event HighlightsIndustry Solutions Awards The awards honored transformative solutions, spotlighting innovations in industrial 4G/LTE routers and mobile router industrial applications. STEM Women Congress A dedicated day
IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. IoT Insurance Market Size Growth Forecast: What to Expect by 2025? The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview - The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market. "Blockchain in Internet