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Internet of Things Integration Market by Service, Organization Size, Application Area, and Region - Global Forecast to 2022

Internet of Things Integration Market: Global Forecast until 2022

  • July 2017
  • 130 pages
  • ID: 4998213
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"The IoT integration market is anticipated to rise at a Compound Annual Increase rate of 34.20 percent during the forecast period due to the rise of the Bring Your Own Device trend, need for remote workplace management, and maturing partner agreements between IoT vendors."

The overall IoT integration market size is forecasted to grow from $759.50M in 2017 to $3301.70M by 2022, at a compound annual growth rate of 34.20 percent. IoT integration are transforming into the core aspects of IoT ecosystems to enable secure end-to-end communication between devices and datacenters, remote troubleshooting of components, interoperability across subsystems, and advanced business analytics and metrics. IoT integration offer new business propositions that benefit internal and external stakeholders, channel partners, and clients. This drives the need for reliable IoT integration for proper integration, monitoring, and management of the growing number of smart devices.

"The system design and architecture services segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period."

System design and architecture services offer improved system performance, offer tailored configuration advice, and monitor the capability usage of system resources. System design and architecture services involve the study, design, and configuration of the software components required to support the system architecture. Being an integral part of integration, system design and architecture services support the implementation of IoT software and solutions in enterprise IoT ecosystems.

"The considerable enterprises segment is intended to have the biggest sector size in the IoT integration market during the outlook period."

Significant enterprises use IoT integration to guarantee efficient integration and management of IoT devices for business processes. Important enterprises are the early adopters of IoT integration due to the presence of underlying technology infrastructure, growing smart devices, and growing capital investments. Additionally to this, big enterprises are investing in reliable IoT integration to streamline business operations, enhance stakeholder experience, and serve dynamic customer needs.

"North America (NA) is forecasted to have the biggest industry size, and Asia Pacific (APAC) is expected to grow at the maximal rate during the estimate period."

North America continent is forecasted to hold the biggest market share in the IoT integration market during the outlook period. The critical need for reliable integration to assure interoperability between heterogeneous smart devices and the growth in the use of advanced communication technologies, including ZigBee, 6LoWPAN, and NFC, are the factors driving the increase of the IoT integration market in North America (NA). The increase in the use of IoT devices across several application areas is another factor driving the rise of the North American IoT integration market.

The Asia-Pac market is anticipated to witness significant increase and is forecasted to be the quickest-increasing area in the IoT integration market. Asia-Pacific has emerged as the most lucrative market for IoT integration. Territories in the Asia-Pacific regions across different industry verticals are increasingly adopting IoT integration. The territory has a challenging advantage over other regions due to the availability of local cost-efficient solutions, easy accessibility to trained labors, and flexible regulations and policies. On top of, APAC countries are undertaking aggressive initiatives to enhance IoT infrastructure, thereby enabling commercial users to take cutting-edge IoT technologies, solutions, and associated services.

In the process of finding out and checking the market size of different segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The break-up of the profiles of the primary participants is like:

• By Organization: Tier 1 - 30 %, Tier 2 - 40.0 percent, and Tier 3 - 30.0 percent

• By Description: C-suite - 72.0 percent, D-level - 14.0 percent, and Others - 14.0 percent

• By Area: North America continent - 57.0 percent, Europe (EU) - 14.0 percent, Asia-Pac - 29.0 percent

The IoT integration market includes several main vendors including TCS, Wipro, Capgemini, Infosys, HCL Technologies, Atos SE, Allerin, MuleSoft, Meshed, and Phitomas.

Segment Research

The market research includes a detailed competitive analysis of the top players in the IoT integration market together with their company descriptions, recent evolutions, and key industries strategies. The document breaks down the IoT integration market by service, organization area, application area, and area.

Why Purchasing This Study Can Help You:

The IoT integration market has been split on the basis of services, organization size, application areas, and territories.

The industry report will facilitate the market top players/new sector entrants in the IoT integration market in these ways:

1. The global IoT integration market revenue stream has been estimated based on the Service Level Agreements, subject to functional use cases in IoT subsystems across different application areas, including smart building and home automation, smart healthcare, energy and utilities, industrial manufacturing and automation, smart retail, and smart transportation, logistics, and telematics. The study offers the best approximations of the revenue data for the global market and the sub-segments. The industry numbers are further split into localities.

2. The analysis benefits the partners comprehend the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research will facilitate the partners to comprehend the players and obtain additional insights to better their market position. The competitive outlook section includes the competitor ecosystem, new industry product developments, alliances, and mergers and acquisitions.

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