Internet of Things (IoT) Professional Services Market by Service Type (Consulting, Infrastructure, System Designing and Integration, Support and Maintenance, and Education and Training), Application, and Region - Global Forecast to 2023

Internet of Things (IoT) Professional Services Market by Service Type (Consulting, Infrastructure, System Designing and Integration, Support and Maintenance, and Education and Training), Application, and Region - Global Forecast to 2023

The proliferation of connected devices across the globe and the requirement for highly customized IoT professional services in the industrial and transportation sectors are expected to drive the overall growth of the IoT professional services market from 2018 to 2023.
The IoT professional services market is projected to grow from USD 79.0 billion in 2018 to USD 189.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.1% from 2018 to 2023. The proliferation of connected devices across the globe and the requirement for highly customized IoT professional services in the industrial and transportation sectors are projected to drive the growth of the market during the forecast period. However, the lack of uniform regulatory standards and universal protocols related to IoT professional services is expected to restrict the growth of the market across the globe.

Based on service type, the system designing and integration service segment of the market is projected to grow at the highest CAGR during the forecast period.
The system designing and integration service segment of the IoT professional services market is projected to grow at the highest CAGR from 2018 to 2023. System designing and integration services offer a wide range of designs for IoT ecosystems and enable the integration of IoT solutions with organizations to support their operational systems and business activities. These service providers also offer customized services based on the requirements and budgets of clients to manage their workflows easily.

Based on application, the smart transport and logistics segment is projected to lead the IoT professional services market from 2018 to 2023.
The smart transport and logistics segment is projected to lead the IoT professional services market during the forecast period. Smart transport and logistics involve the integration of advanced technologies with existing transportation and logistics infrastructure to deliver real-time online information about traffic flow, asset tracking, and passengers/commuters. The growth of the smart transport and logistics segment can be attributed to the increased demand for IoT professional services to carry out the traffic management, supply chain and logistics management, inventory management, passenger information system management, fleet management, freight management, cargo & container tracking, ticketing management, and parking management.

The Asia Pacific IoT professional services market is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific IoT professional services market is projected to grow at the highest CAGR from 2018 to 2023. The growth of the market in Asia Pacific can be attributed to the increased adoption of advanced technologies, steady economic growth, and smart city projects undertaken in the region. The IoT professional services market in Asia Pacific is fragmented, and the providers of IoT professional services are making efforts to expand their base of services to most of the countries of the region due to improving infrastructure.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the IoT professional services market.
By Company Type: Tier 1 - 62%, Tier 2 - 23%, and Tier 3 - 15%
By Designation: C-level Executives- 38%, Directors - 30%, and Others - 32%
By Region: North America - 40%, Europe - 15%, Asia Pacific - 35%, the Middle East and Africa - 5%, and Latin America - 5%

Accenture (Ireland), Atos SE (France), IBM Corporation (US), Capgemini (France), Cognizant (US), Happiest Minds (India), Infosys Limited (India), NTT DATA Corporation (Japan), Tata Consultancy Services Limited (India), Tech Mahindra Limited (India), Wipro Limited (India), Genpact (US), AT&T (US), Vodafone (UK), LUXOFT (Switzerland), and Prodapt Solutions PVT. LTD. (US) are the leading players operating in the IoT professional services market. The study on the IoT professional services market included an in-depth competitive analysis of these key players with their company profiles, recent developments undertaken by them, and key growth strategies adopted by them.

Research Coverage
The market study covers the IoT professional services market across different segments. It aims at estimating the size and growth potential of the market based on service type, application, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Key Benefits of Buying the Report
This report on the IoT professional services market is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall market and its segments. This report is also expected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping them understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • REGIONAL SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN IOT PROFESSIONAL SERVICES MARKET
    • NORTH AMERICA IOT PROFESSIONAL SERVICES MARKET, BY SERVICE TYPE AND COUNTRY
    • IOT PROFESSIONAL SERVICES MARKET: MAJOR COUNTRIES
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • IOT PROFESSIONAL SERVICES: USE CASES
      • REQUIREMENT TO MONITOR THE HEALTH OF ELECTRIC VEHICLES
      • REAL-TIME HEALTH MONITORING OF PATIENTS OUTSIDE CONVENTIONAL CLINICAL SETTINGS
      • NEED TO MONITOR THE PERFORMANCE OF VEHICLE ENGINES
      • NEED FOR 2-WAY COMMUNICATION FOR DISASTER MANAGEMENT IN EDUCATIONAL INSTITUTIONS
  • IOT PROFESSIONAL SERVICES MARKET, BY SERVICE TYPE
    • INTRODUCTION
      • Table IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2023 (USD BILLION)
    • IOT CONSULTING SERVICES
      • Table IOT CONSULTING SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table IOT CONSULTING SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • TECHNOLOGY CONSULTING SERVICES
        • Table TECHNOLOGY CONSULTING SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • BUSINESS CONSULTING SERVICES
        • Table BUSINESS CONSULTING SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • OPERATIONAL CONSULTING SERVICES
        • Table OPERATIONAL CONSULTING SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • IOT INFRASTRUCTURE SERVICES
      • Table IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • NETWORK SERVICES
        • Table NETWORK SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • DEPLOYMENT SERVICES
        • Table DEPLOYMENT SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • CLOUD SERVICES
        • Table CLOUD SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • SYSTEM DESIGNING AND INTEGRATION SERVICES
      • Table SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • PLATFORM DEVELOPMENT AND INTEGRATION
        • Table PLATFORM DEVELOPMENT AND INTEGRATION MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • MOBILE AND WEB APPLICATION DEVELOPMENT
        • Table MOBILE AND WEB APPLICATION DEVELOPMENT MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • SUPPORT AND MAINTENANCE SERVICES
      • SUPPORT AND MAINTENANCE SERVICES ARE PROVIDED TO ORGANIZATIONS FOR SOFTWARE INSTALLED WITHIN IOT INFRASTRUCTURES TO TROUBLESHOOT PROBLEMS, AND UPGRADE EXISTING SOFTWARE
        • Table SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • EDUCATION AND TRAINING SERVICES
      • INCREASED COMPLEXITY OF THREATS TO DATA, AND INCREASED CHANCES OF DATA LOSS HAS INCREASED THE DEMAND FOR IOT EDUCATION AND TRAINING SERVICES
        • Table EDUCATION AND TRAINING SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
  • IOT PROFESSIONAL SERVICES MARKET, BY APPLICATION
    • INTRODUCTION
      • Table IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
    • SMART BUILDINGS
      • IOT PROFESSIONAL SERVICES ENABLE THE DELIVERY OF SUPERIOR QUALITY SOLUTIONS WITH ENHANCED FEATURES TO THESE CONNECTED BUILDINGS
        • Table SMART BUILDINGS: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • SMART MANUFACTURING
      • SMART MANUFACTURING ENABLES THE USE OF INTELLIGENT MACHINES, SENSORS, AND WIRELESS CONNECTIVITY TO STREAMLINE VARIOUS INDUSTRIAL PROCESSES
        • Table SMART MANUFACTURING: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • SMART TRANSPORT AND LOGISTICS
      • IOT PROFESSIONAL SERVICES HELP COMPANIES OPERATING IN THE TRANSPORTATION AND LOGISTICS SECTORS TO ACHIEVE AUTOMATION BY DEPLOYING IOT TECHNOLOGICAL SOLUTIONS
        • Table SMART TRANSPORT AND LOGISTICS: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • SMART HEALTHCARE
      • IOT PROFESSIONAL SERVICES PROVIDE IN-DEPTH KNOWLEDGE ABOUT THE BENEFITS AND FEATURES OF A NEW SERVICE OR A DEVICE TO PATIENTS AND CARETAKERS
        • Table SMART HEALTHCARE: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • SMART RETAIL
      • SMART RETAIL OFFERS REAL-TIME ADVERTISING AND MARKETING TO RETAILERS AND ENABLES THEM TO TAKE ANALYTICS-BASED DECISION-MAKING
        • Table SMART RETAIL: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • SMART ENERGY
      • IOT PROFESSIONAL SERVICES HELP THE TRANSFORMATION OF BUSINESS OPERATIONS OF THE ENERGY INDUSTRY
        • Table SMART ENERGY: IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
  • IOT PROFESSIONAL SERVICES MARKET, BY REGION
    • INTRODUCTION
      • Table IOT PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: IOT CONSULTING SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • US
      • CANADA
    • EUROPE
      • Table EUROPE: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2023 (USD BILLION)
      • Table EUROPE: IOT CONSULTING SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table EUROPE: IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table EUROPE: SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table EUROPE: IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table EUROPE: IOT PROFESSIONAL SERVICES MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • UK
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: IOT CONSULTING SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: IOT PROFESSIONAL SERVICES MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • CHINA
      • INDIA
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: IOT CONSULTING SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • KSA
      • UAE
      • REST OF MIDDLE EAST AND AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2023 (USD BILLION)
      • Table LATIN AMERICA: IOT CONSULTING SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table LATIN AMERICA: IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table LATIN AMERICA: SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table LATIN AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY APPLICATION, 2016-2023 (USD BILLION)
      • Table LATIN AMERICA: IOT PROFESSIONAL SERVICES MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION AND TRENDS
      • NEW PRODUCT LAUNCHES/PRODUCT ENHANCEMENTS
        • Table NEW PRODUCT LAUNCHES/PRODUCT ENHANCEMENTS, 2016-2019
      • AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS
        • Table AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS, 2016-2019
      • ACQUISITIONS
        • Table ACQUISITIONS, 2016-2018
      • EXPANSIONS
        • Table EXPANSIONS, 2016-2017
    • KEY PLAYERS IN IOT PROFESSIONAL SERVICES MARKET
  • COMPANY PROFILES
    • ACCENTURE
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ATOS
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • IBM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CAPGEMINI
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • COGNIZANT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • HAPPIEST MINDS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INFOSYS
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NTT DATA CORPORATION
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TATA CONSULTANCY SERVICES (TCS)
      • 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
    • GENPACT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AT&T
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • VODAFONE
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LUXOFT
    • PRODAPT SOLUTIONS
  • APPENDIX
    • INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook