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Internet of Things (IoT) Professional Services Market by Service Type (Consulting, Infrastructure, System Designing & Integration, Support & Maintenance, and Education & Training), Applications, and Regions - Global Forecast to 2021

Internet of Things (IoT) Professional Services Market by Service Type (Consulting, Infrastructure, System Designing & Integration, Support & Maintenance, and Education & Training), Applications, and Regions - Global Forecast to 2021

Demand for highly customized IoT services in the industrial and transportation sector is expected to drive the growth of the IoT professional services market
The Internet of Things (IoT) professional services market size is expected to grow from USD 57.18 billion in 2016 to USD 158.28 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 22.6% during the period 2016–2021. The major drivers for upsurge in demand for the IoT professional services market include rising trend of adopting IoT professional services to reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), demand for highly customized IoT services in the industrial and transportation sector, and increasing adoption of digital transformation services in organizations by opting specialized IoT business and technology consulting services. The system designing and integration services segment is expected to grow at the highest CAGR during the forecast period. These services support the design and implementation of IoT solutions across enterprises. The service providers deploy the latest IoT technology to improve the operational performance and gain a smarter enterprise.

Smart transportation and logistics is estimated to have the largest market share
The smart transportation and logistics segment is expected to have the largest market share and estimated to grow at the highest CAGR during the forecast period. Smart transportation and logistics is all about integrating advanced technologies with the existing transportation and logistics infrastructure, delivering real-time online information about the traffic flow, tracking of the assets, and passengers/commuters. IoT professional services help the transport and logistic vendors to achieve automation by deploying the IoT technological solutions. The increasing requirement for analytics, security, logistics management, inventory management, digitalization, high volume networking, and increase in the overall operations and responsiveness drives the smart transportation and logistics management.

North America is expected to dominate the market during the forecast period
As per the geographic analysis, North America is expected to have the largest market share. It is likely to benefit from its technological advancements and followed by robust internet infrastructure, widespread adoption of new technology and presence of a strong domestic solution providers have all contributed to the shift towards smart infrastructure from conventional infrastructure. The need for better operational efficiency and business process at a low operating cost is expected to drive continuous growth in the IoT professional services market. Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The region is estimated to surpass Europe in terms of IoT adoption and deployment in the near future. This is due to the high demand for IoT technology deployment by the end-users in this region. The companies are offering customized on demand consulting and planning services in the roadmap to the digital transformation journey.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profiles of primary discussion participants are given below:
By Company Type: Tier-1 (39%), Tier-2 (34%), and Tier-3 (27%)
By Designation: C-Level (68 %), Manager Level (21 %), and Others (11%)
By Region: Europe (36 %), APAC (24 %), North America (22 %), and the Rest of World (RoW) (18%)

The various key IoT professional services vendors profiled in the report are as follows:
1. Accenture PLC (Dublin, Ireland)
2. Atos SE (Besons, France)
3. Capgemini S.A. (Paris, France)
4. Cognizant Technology Solutions Corporation (New Jersey, U.S.)
5. IBM Corporation (New York, U.S.)
6. Infosys Limited (Karnataka, India)
7. NTT DATA Corporation (Tokyo, Japan)
8. Tata Consultancy Services Limited (Maharashtra, India),
9. Tech Mahindra Limited (Maharashtra, India)
10. Wipro Limited (Karnataka, India)

Research Coverage
The global IoT professional services market has been segmented on the basis of service, applications, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions. In addition to this, product portfolio analysis, value chain analysis, and strategic benchmarking are some of the other MarketsandMarkets analysis included in the report.

Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the IoT professional services market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments, across different regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table GLOBAL IOT PROFESSIONAL SERVICES MARKET AND GROWTH RATE, 2016-2021 (USD BILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE IOT PROFESSIONAL SERVICES MARKET
    • GLOBAL IOT PROFESSIONAL SERVICES MARKET, BY SERVICE TYPE, 2016-2021
    • IOT PROFESSIONAL SERVICES MARKET, BY APPLICATION, 2016
    • IOT PROFESSIONAL SERVICES MARKET, BY REGION, 2016
    • LIFECYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
      • BY SERVICE TYPE
      • BY APPLICATION
      • BY REGION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • STRATEGIC BENCHMARKING
  • IOT PROFESSIONAL SERVICES MARKET ANALYSIS, BY SERVICE TYPE
    • INTRODUCTION
      • Table IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • IOT CONSULTING SERVICES
      • Table IOT CONSULTING SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY TYPE, 2016-2021 (USD MILLION)
      • Table IOT CONSULTING SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
      • TECHNOLOGY CONSULTING SERVICES
        • Table TECHNOLOGY CONSULTING SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
      • BUSINESS CONSULTING SERVICES
        • Table BUSINESS CONSULTING SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
      • OPERATIONAL CONSULTING SERVICES
        • Table OPERATIONAL CONSULTING SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • IOT INFRASTRUCTURE SERVICES
      • Table IOT INFRASTRUCTURE SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY TYPE, 2016-2021 (USD MILLION)
      • Table IOT INFRASTRUCTURE SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
      • NETWORK SERVICES
        • Table NETWORK SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
      • DEPLOYMENT SERVICES
        • Table DEPLOYMENT SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
      • CLOUD SERVICES
        • Table CLOUD SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SYSTEM DESIGNING AND INTEGRATION SERVICES
      • Table SYSTEM DESIGNING AND INTEGRATION SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY TYPE, 2016-2021 (USD MILLION)
      • Table SYSTEM DESIGNING AND INTEGRATION SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
      • PLATFORM DEVELOPMENT AND INTEGRATION
        • Table PLATFORM DEVELOPMENT AND INTEGRATION: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
      • MOBILE AND WEB APPLICATION DEVELOPMENT
        • Table MOBILE AND WEB APPLICATION DEVELOPMENT: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SUPPORT AND MAINTENANCE SERVICES
      • Table SUPPORT AND MAINTENANCE SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • EDUCATION AND TRAINING SERVICES
      • Table EDUCATION AND TRAINING SERVICES: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
  • IOT PROFESSIONAL SERVICES MARKET ANALYSIS, BY APPLICATION
    • INTRODUCTION
      • Table IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2021 (USD MILLION)
      • Table IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SMART BUILDINGS
      • Table SMART BUILDINGS: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SMART MANUFACTURING
      • Table SMART MANUFACTURING: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SMART TRANSPORT AND LOGISTICS
      • Table SMART TRANSPORT AND LOGISTICS: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SMART HEALTHCARE
      • Table SMART HEALTHCARE: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SMART RETAIL
      • Table SMART RETAIL: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SMART ENERGY
      • Table SMART ENERGY: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
  • IOT PROFESSIONAL SERVICES MARKET ANALYSIS, BY REGION
    • INTRODUCTION
      • Table IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, 2016-2021 (USD MILLION, Y-O-Y %)
      • Table NORTH AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table NORTH AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY IOT CONSULTING SERVICE, 2016-2021 (USD MILLION)
      • Table NORTH AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016-2021 (USD MILLION)
      • Table NORTH AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016-2021 (USD MILLION)
      • Table NORTH AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2021 (USD MILLION)
    • EUROPE
      • Table EUROPE: IOT PROFESSIONAL SERVICES MARKET SIZE, 2016-2021 (USD MILLION, Y-O-Y %)
      • Table EUROPE: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table EUROPE: IOT PROFESSIONAL SERVICES MARKET SIZE, BY IOT CONSULTING SERVICE, 2016-2021 (USD MILLION)
      • Table EUROPE: IOT PROFESSIONAL SERVICES MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016-2021 (USD MILLION)
      • Table EUROPE: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016-2021 (USD MILLION)
      • Table EUROPE: IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2021 (USD MILLION)
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: IOT PROFESSIONAL SERVICES MARKET SIZE, 2016-2021 (USD MILLION, Y-O-Y %)
      • Table ASIA-PACIFIC: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table ASIA-PACIFIC: IOT PROFESSIONAL SERVICES MARKET SIZE, BY IOT CONSULTING SERVICE, 2016-2021 (USD MILLION)
      • Table ASIA-PACIFIC: IOT PROFESSIONAL SERVICES MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016-2021 (USD MILLION)
      • Table ASIA-PACIFIC: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016-2021 (USD MILLION)
      • Table ASIA-PACIFIC: IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2021 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: IOT PROFESSIONAL SERVICES MARKET SIZE, 2016-2021 (USD MILLION, Y-O-Y %)
      • Table MIDDLE EAST AND AFRICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY IOT CONSULTING SERVICE, 2016-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2021 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, 2016-2021 (USD MILLION, Y-O-Y %)
      • Table LATIN AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table LATIN AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY IOT CONSULTING SERVICE, 2016-2021 (USD MILLION)
      • Table LATIN AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016-2021 (USD MILLION)
      • Table LATIN AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016-2021 (USD MILLION)
      • Table LATIN AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2021 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • IOT PROFESSIONAL SERVICES MARKET: VENDOR ANALYSIS
    • IOT PROFESSIONAL SERVICES MARKET: KEY GROWTH STRATEGIES, 2014-2017
    • COMPETITIVE SITUATION AND TRENDS
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2016
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2016-2017
      • NEW SERVICE LAUNCHES
        • Table NEW SERVICE LAUNCHES, 2015-2016
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS, 2016
  • COMPANY PROFILES
    • INTRODUCTION
    • ACCENTURE PLC
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ATOS SE
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CAPGEMINI S.A.
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HAPPIEST MINDS TECHNOLOGIES
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • IBM CORPORATION
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INFOSYS LIMITED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NTT DATA CORPORATION
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TATA CONSULTANCY SERVICES LIMITED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TECH MAHINDRA LIMITED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WIPRO LIMITED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KEY INNOVATORS
      • ARICENT INC.
      • GENPACT LIMITED
      • LUXOFT HOLDING, INC
      • PRODAPT SOLUTIONS PVT. LTD
      • UNISYS CORPORATION
      • VIRTUSA CORPORATION
  • APPENDIX
    • KEY INDUSTRY INSIGHTS
    • OTHER DEVELOPMENTS
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2014-2016
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2014-2016
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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