Global IoT Professional Services Market: Major Trends Reshaping the Future of the Industry

Use code ONLINE20 to get 20% 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 a significant increase in recent years. The industry, which is projected to escalate from $164.33 billion in 2024 to $179.66 billion in 2025, is expected to exhibit a compound annual growth rate (CAGR) of 9.3%. The historic growth in this sector has been influenced by factors such as the need for increased connectivity, concern over security, a rise in the demand for professional services, the adoption of smart devices, and the growth in e-commerce and online retail.

What's the Long-Term Growth Forecast for the IoT Professional Services Market Size Through 2029?
There is an anticipated surge in the value of the IoT professional services market in the next few years, reaching an estimated worth of $301.13 billion by 2029, with a CAGR of 13.8%. This uplift during the forecasted period can be contributed to factors such as the 5G rollout, a heightened focus on enhancing client experiences, the development of smart cities, emerging independent gadgets and escalating cyber threats. Some key trends to watch in the forecast period are digital twins, combination of AR and VR, increasing prominence of artificial intelligence, the integration of blockchain technology, and 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 is experiencing exponential growth due to its incorporation in numerous fields, including the automotive industry. This integration of IoT in the automobile sector has unveiled vast prospects for global car manufacturers and consumers alike. The automotive industry has witnessed a surge in multifunctional applications of IoT, enhancing communication, control, and data distribution at any transportation junction. Leading firms like Mercedes-Benz, Volkswagen, Volvo, Toyota, and Google Inc. are opting for smart cars enriched with features that make driving safer, more comfortable, and more entertaining. UBS predicts that autonomous taxi fleets will account for 12% of the overall cars sold in 2030, with an estimated 26 million self-driving taxis operational across the globe.

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?
Key players in the IoT professional services market are creating innovative solutions like IoT Services for Sustainability to boost their competitive stance. These sustainability services of IoT refer to a range of IoT solutions and offerings specifically designed to tackle social and environmental sustainability issues. For example, Nippon Telegraph and Telephone, a telecommunications firm based in Japan, rolled out IoT services for sustainability in May 2022. This extensive suite of solutions focuses on aiding businesses in meeting their sustainability targets. This comprehensive package incorporates features like OCR Meter Reading for instantaneous data collection from multiple meters, Water Leak Management for IoT-based safeguards against water damage, Predictive Maintenance using sensor data for event forecasting, and Environmental Monitoring to locate pollutants and monitor environmental conditions. Powered by NTT's LoRaWAN network, the stack ensures secure IT or OT integration, delivering advantages like minimizing energy costs, reducing emissions, enhancing operational efficiency and improving work enablement. This launch is in alignment with the escalating focus on utilizing IoT technologies to tackle climate change and fulfill sustainability aims.

How Is the IoT Professional Services Market Segmented?
The iot professional servicesmarket 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.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

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.