IoT Professional Services Market Research Report - Global Forecast till 2027

IoT Professional Services Market Research Report By Service (IoT Consulting Services, IoT System Design and Implementation Services, Support and Maintenance Services, Education and Training Services), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Application Area (Smart Cities, Smart Buildings, Smart Manufacturing, Smart Retail, Smart Healthcare, Smart Transport - Logistics and Smart Energy) and Region (North America, Europe and the Rest of the World) - Forecast till 2027

ID: MRFR/ICT/6377-HCR | February, 2021 | Region : Global

IoT Professional Services Market Synopsis


IoT professional services market is expected to grow from USD 22.65 billion in 2019 to USD 53.61 billion by 2024 at a CAGR of 18.8% from 2019 to 2024. The growth can be attributed to the wide adoption of IoT technologies. IoT has a wide range of uses across the manufacturing, healthcare, retail, energy, and transportation and logistics sectors. With the adoption of IoT-based systems, there is a greater need for professional services to enable successful implementation and operation of the system. IoT professional services help organizations to achieve their business goals and get maximum returns on their IoT investments. The IoT professional services are delivered through a range of phases—understanding the customer requirements, architecture framing, high-level designing, outcome validation, transformation readiness, program plan development, adoption readiness, deployment execution, business review, and value realization. Although these services are gaining traction in the developed countries, poor network infrastructure in a number of developing economies is likely to hinder the growth of the global IoT professional services market during the forecast period.


IoT professional services have various industrial applications. Among the various application areas, the smart cities segment is expected to have the highest adoption of IoT professional services, whereas smart transportation and logistics segment is expected to register the highest CAGR from 2019 to 2024.


Key Players in the Global IoT Professional Services Market



  • IBM Corporation (US)

  • Atos SE (France)

  • Accenture (Ireland)

  • Capgemini (France)

  • Cognizant (US)

  • Tata Consultancy Services Limited (India)

  • Wipro Limited (India)

  • Tech Mahindra Limited (India)

  • Vodafone Group PLC (UK)

  • AT&T (US)

  • Infosys Limited (India)

  • Happiest Minds (India)

  • NTT Data Corporation (Japan)

  • Torry Harris Business Solutions (US)

  • PRODAPT SOLUTIONS PVT. LTD (India).


IoT Professional Services Market_Image


Source: Secondary Literature, Expert Interviews, and MRFR Analysis


Segmentation


The global IoT professional services market has been segmented based on service, organization size, application area, and region/country.


By service, the market has been segmented into IoT consulting services, IoT system design and implementation services, support and maintenance services, and education and training services. The IoT consulting services segment has been further segmented into technology consulting services, operational consulting services, and business consulting services, while the IoT system design and implementation services segment has been divided into system development and integration services, and application development.


By organization size, the market has been segmented into large enterprises and SMEs.


Based on application area, the market has been segmented into smart cities, smart buildings, smart manufacturing, smart retail, smart healthcare, smart transport and logistics, and smart energy.


By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America has further been segmented into the US, Canada, and Mexico; Europe into Germany, the UK, France, and the rest of Europe; Asia-Pacific into China, India, Japan, and the rest of Asia-Pacific; and the rest of the world into the Middle East & Africa, and South America.


Regional Analysis


The global market for IoT professional services is estimated to grow at a fast rate during the forecast period from 2019 to 2024. The geographic analysis of global IoT professional services market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.


North America is expected to dominate the IoT professional services market during the forecast period. North America is considered as the most advanced region in terms of development and adoption of innovative technologies in the field of smart technologies. The region has a significant potential for revenue generation in the IoT professional services market as the native enterprises are widely adopting IoT based systems in their everyday business operations and thus, requires professional services to get maximum returns from their IoT investments. The US is expected to be the dominating country-level market in North America during the forecast period.


The market in Asia-Pacific is expected to grow at the fastest rate during the forecast period. The growing IoT market and increasing digitalization are expected to boost the growth of the Internet of Things (IoT) Professional Services Market in the APAC region. China, Japan, India, South Korea, Singapore, and Australia have been the major countries in the APAC region in terms of market share, and this trend is expected to continue in the upcoming years.


Competitive Analysis


Considering the wide range of use cases of IoT, the IoT professional service providers are significantly investing in R&D to enhance their expertise and deliver best in class services to their clients. The prominent players of the Internet of Things (IoT) Professional Services Market primarily adopt partnerships to innovate their service offerings and expand their customer base to establish a strong position in the market.


Intended Audience



  • IoT Professional Service Providers

  • Enterprises

  • Government agencies

  • Standard making bodies

  • Distributors and Value-added Resellers (VARs)

  • Energy and Utilities Companies

  • IT Consultants

  • Cybersecurity Consultants

  • Communication Service Providers

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Suppliers

4.1.3 Bargaining Power of Buyers

4.1.4 Threat of Substitutes

4.1.4 Intensity of Rivalry

4.2 Value Chain/Supply Chain of the Global IoT Professional Services Market

5 Industry Overview of the Global IoT Professional Services Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7 Global IoT Professional Services Market, by Service

7.1 Introduction

7.2 IoT Consulting Services

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Region, 2020-2027

7.2.3 Technology Consulting Services

7.2.3.1 Market Estimates & Forecast, 2020-2027

7.2.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.2.4 Operational Consulting Services

7.2.4.1 Market Estimates & Forecast, 2020-2027

7.2.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.2.5 Business Consulting Services

7.2.5.1 Market Estimates & Forecast, 2020-2027

7.2.5.2 Market Estimates & Forecast, by Region, 2020-2027

7.3 IoT System Design and Implementation Services

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.3.3 System Development and Integration Services

7.3.3.1 Market Estimates & Forecast, 2020-2027

7.3.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.3.4 Application Development

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.4 Support and Maintenance Services

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.5 Education and Training Services

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Region, 2020-2027

8 Global IoT Professional Services Market, by Organization Size

8.1 Introduction

8.2 Large Enterprises

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, by Region, 2020-2027

8.3 Small and Medium-sized Enterprises

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, by Region, 2020-2027

9 Global IoT Professional Services Market, by Application Area

9.1 Introduction

9.2 Smart Cities

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast, by Region, 2020-2027

9.3 Smart Buildings

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast, by Region, 2020-2027

9.4 Smart Manufacturing

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast, by Region, 2020-2027

9.5 Smart Retail

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast, by Region, 2020-2027

9.6 Smart Healthcare

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast, by Region, 2020-2027

9.7 Smart Transport and Logistics

9.7.1 Market Estimates & Forecast, 2020-2027

9.7.2 Market Estimates & Forecast, by Region, 2020-2027

9.7 Smart Energy

9.7.1 Market Estimates & Forecast, 2020-2027

9.7.2 Market Estimates & Forecast, by Region, 2020-2027

10 Global IoT Professional Services Market, by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, by Country, 2020-2027

10.2.2 Market Estimates & Forecast, by Service, 2020-2027

10.2.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.2.5 US

10.2.5.1 Market Estimates & Forecast, 2020-2027

10.2.5.2 Market Estimates & Forecast, by Service, 2020-2027

10.2.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.5.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast, 2020-2027

10.2.6.2 Market Estimates & Forecast, by Service, 2020-2027

10.2.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.6.4 Market Estimates & Forecast, by Application Area, 2020-2027

;10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast, 2020-2027

10.2.7.2 Market Estimates & Forecast, by Service, 2020-2027

10.2.7.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.2.7.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, by Country, 2020-2027

10.3.2 Market Estimates & Forecast, by Service, 2020-2027

10.3.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2020-2027

10.3.5.2 Market Estimates & Forecast, by Service, 2020-2027

10.3.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.5.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.3.6 UK

10.3.6.1 Market Estimates & Forecast, 2020-2027

10.3.6.2 Market Estimates & Forecast, by Service, 2020-2027

10.3.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.6.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.3.7 France

10.3.7.1 Market Estimates & Forecast, 2020-2027

10.3.7.2 Market Estimates & Forecast, by Service, 2020-2027

10.3.7.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.7.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.3.9 Rest of Europe

10.3.9.1 Market Estimates & Forecast, 2020-2027

10.3.9.2 Market Estimates & Forecast, by Service, 2020-2027

10.3.9.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.3.9.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, by Country, 2020-2027

10.4.2 Market Estimates & Forecast, by Service, 2020-2027

10.4.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2020-2027

10.4.5.2 Market Estimates & Forecast, by Service, 2020-2027

10.4.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.5.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2020-2027

10.4.6.2 Market Estimates & Forecast, by Service, 2020-2027

10.4.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.6.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2020-2027

10.4.7.2 Market Estimates & Forecast, by Service, 2020-2027

10.4.7.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.7.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast, 2020-2027

10.4.8.2 Market Estimates & Forecast, by Service, 2020-2027

10.4.8.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.4.8.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, by Subcontinent, 2020-2027

10.5.2 Market Estimates & Forecast, by Service, 2020-2027

10.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.5.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, 2020-2027

10.5.5.2 Market Estimates & Forecast, by Service, 2020-2027

10.5.5.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.5.5.4 Market Estimates & Forecast, by Application Area, 2020-2027

10.5.6 South America

10.5.6.1 Market Estimates & Forecast, 2020-2027

10.5.6.2 Market Estimates & Forecast, by Service, 2020-2027

10.5.6.3 Market Estimates & Forecast, by Organization Size, 2020-2027

10.5.6.4 Market Estimates & Forecast, by Application Area, 2020-2027

11 Competitive Landscape

12 Company Profiles

12.1 IBM Corporation

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.1.5 Key Strategies

12.1.6 SWOT Analysis

12.2 Atos SE

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.2.5 Key Strategies

12.2.6 SWOT Analysis

12.3 Accenture

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.3.5 Key Strategies

12.3.6 SWOT Analysis

12.4 Capgemini

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.4.5 Key Strategies

12.4.6 SWOT Analysis

12.5 Cognizant

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.5.5 Key Strategies

12.5.6 SWOT Analysis

12.6 Tata Consultancy Services Limited

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.6.5 Key Strategies

12.6.6 SWOT Analysis

12.7 Wipro Limited

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.7.5 Key Strategies

12.7.6 SWOT Analysis

12.8 Tech Mahindra Limited

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.8.5 Key Strategies

12.8.6 SWOT Analysis

12.9 Vodafone Group plc

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.9.5 Key Strategies

12.9.6 SWOT Analysis

12.10 AT&T

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.10.5 Key Strategies

12.10.6 SWOT Analysis

12.11 Infosys Limited

12.11.1 Company Overview

12.11.2 Product/Business Segment Overview

12.11.3 Financial Updates

12.11.4 Key Developments

12.11.5 Key Strategies

12.11.6 SWOT Analysis

12.12 Happiest Minds

12.12.1 Company Overview

12.12.2 Product/Business Segment Overview

12.12.3 Financial Updates

12.12.4 Key Developments

12.12.5 Key Strategies

12.12.6 SWOT Analysis

12.13 NTT DATA Corporation

12.13.1 Company Overview

12.13.2 Product/Business Segment Overview

12.13.3 Financial Updates

12.13.4 Key Developments

12.13.5 Key Strategies

12.13.6 SWOT Analysis

12.14 Torry Harris Business Solutions

12.14.1 Company Overview

12.14.2 Product/Business Segment Overview

12.14.3 Financial Updates

12.14.4 Key Developments

12.14.5 Key Strategies

12.14.6 SWOT Analysis

12.15 PRODAPT SOLUTIONS PVT. LTD

12.15.1 Company Overview

12.15.2 Product/Business Segment Overview

12.15.3 Financial Updates

12.15.4 Key Developments

12.15.5 Key Strategies

12.15.6 SWOT Analysis

13 Conclusion


List of Tables

Table 1 Global IoT Professional Services Market, by Region, 2020-2027

Table 2 North America: IoT Professional Services Market, by Country, 2020-2027

Table 3 Europe: IoT Professional Services Market, by Country, 2020-2027

Table 4 Asia-Pacific: IoT Professional Services Market, by Country, 2020-2027

Table 5 Global IoT Professional Services Service Market, by Region, 2020-2027

Table 6 North America: IoT Professional Services Service Market, by Country, 2020-2027

Table 7 Europe: IoT Professional Services Service Market, by Country, 2020-2027

Table 8 Asia-Pacific: IoT Professional Services Service Market, by Country, 2020-2027

Table 9 Global IoT Professional Services Market Organization Size Market, by Region, 2020-2027

Table 10 North America: IoT Professional Services Organization Size Market, by Country, 2020-2027

Table 11 Europe: IoT Professional Services Organization Size Market, by Country, 2020-2027

Table 12 Asia-Pacific: IoT Professional Services Organization Size Market, by Country, 2020-2027

Table 13 Global IoT Professional Services Market Application Area Market, by Region, 2020-2027

Table 14 North America: IoT Professional Services Application Area Market, by Country, 2020-2027

Table 15 Europe: IoT Professional Services Application Area Market, by Country, 2020-2027

Table 16 Asia-Pacific: IoT Professional Services Application Area Market, by Country, 2020-2027

Table 17 Global IoT Professional Services Market Application Area Market, by Region, 2020-2027

Table 18 North America: IoT Professional Services Market, by Country

Table 19 North America: IoT Professional Services Market, by Service

Table 20 North America: IoT Professional Services Market, by Organization Size

Table 21 North America: IoT Professional Services Market, by Application Area

Table 22 Europe: IoT Professional Services Market, by Country

Table 23 Europe: IoT Professional Services Market, by Service

Table 24 Europe: IoT Professional Services Market, by Organization Size

Table 25 Europe: IoT Professional Services Market, by Application Area

Table 26 Asia-Pacific: IoT Professional Services Market, by Country

Table 27 Asia-Pacific: IoT Professional Services Market, by Service

Table 28 Asia-Pacific: IoT Professional Services Market, by Organization Size

Table 29 Asia-Pacific: IoT Professional Services Market, by Application Area

Table 30 Middle East & Africa: IoT Professional Services Market, by Service

Table 31 Middle East & Africa: IoT Professional Services Market, by Organization Size

Table 32 Middle East & Africa: IoT Professional Services Market, by Application Area

Table 33 South America: IoT Professional Services Market, by Service

Table 34 South America: IoT Professional Services Market, by Organization Size

Table 35 South America: IoT Professional Services Market, by Application Area


List of Figures

FIGURE 1 Global IoT Professional Services Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of the Global IoT Professional Services Market

FIGURE 4 Value Chain of the Global IoT Professional Services Market

FIGURE 5 Share of the Global IoT Professional Services Market, by Country, 2020 (in %)

FIGURE 6 Global IoT Professional Services Market, 2020-2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Global IoT Professional Services Market Size, by Service, 2020

FIGURE 9 Share of the Global IoT Professional Services Market, by Service, 2020-2027

FIGURE 10 Global IoT Professional Services Market Size, by Organization Size, 2020

FIGURE 11 Share of the Global IoT Professional Services Market, by Organization Size, 2020-2027

FIGURE 12 Global IoT Professional Services Market Size, by Application Area, 2020-2027

FIGURE 13 Share of the Global IoT Professional Services Market, by Application Area, 2020-2027

IoT Professional Services Market