Global IoT Engineering Services market, which was estimated at 20.01(USD Billion) in 2019 and is predicted to accrue earnings worth 55.02 (USD Billion) by 2026, is set to record a CAGR of nearly 26.5% over 2020-2026.
The global IoT Engineering Services market, which was estimated at 20.01(USD Billion) in 2019 and is predicted to accrue earnings worth 55.02 (USD Billion) by 2026, is set to record a CAGR of nearly 26.5% over 2020-2026. The report offers a valuation and analysis of the IoT Engineering Services market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).
Introduction
The Internet of Things briefly abbreviated as IoT has led to new ways of monitoring as well as handling objects in the physical environment. Furthermore, it facilitates effective decision-making processes for various businesses. With a steep decline in the costs of sensors & communication systems and an increase in the know-how about the application of these novel technologies, it is likely that the IoT industry will gain traction in the coming years.
Apparently, IoT is likely to result in value creation for retail, healthcare, technology, and manufacturing sectors. Furthermore, IoT engineering solutions have effectively connected people, processes, and technology in an organization and enhanced the operational efficiency of the firms.
Moreover, IoT engineering solutions has enhanced the productivity of the firms. With IoT establishing a strong foothold in the healthcare and automotive sector, the IoT engineering services industry is poised to acquire humungous gains over the years ahead. Escalating need for strong security, system integration, and need to access a tool from distant location in case of emergencies will proliferate the growth of the IoT industry, thereby unlocking new growth avenues for IoT engineering solutions in the foreseeable future.
The growing need for developing industrial IoT solutions for smart manufacturing and effective deployment of digital performance management tools and asset tracking systems will push the growth of the IoT engineering systems industry over the years ahead. The influx of new technologies has created a paradigm shift in the operations & workings of various industries and this has facilitated the adoption of IoT engineering services in these industries. Apart from this, IoT engineering services is likely to bring a transformation in the manufacturing processes and will alter the cusp & phase of growth of the production sector in the years ahead.
Furthermore, with IoT engineering services linking digital & physical worlds in new ways, it is more likely that various industries will adopt it in near future. Moreover, the ability of these services in delivering favorable outcomes for myriad businesses and the focus of firms on optimizing their profits through business transformation has created demand for IoT engineering services.
In addition to this, the need for improving customer relationship management services of an organization is likely to pave way for the market demand over the forecasting years. With the evolution of new concepts like smart factories, smart manufacturing, and smart engineering, IoT engineering services are projected to be a catchphrase & growing trend of next-gen technology. All these aforementioned aspects will steer the market landscape over the forthcoming years.
The growth of the market in the region over the estimated timespan is attributed to the availability of robust infrastructure in the countries like China, Singapore, and Japan. In addition to this, IoT vendors are eager to exploit the strong growth potential in these countries by setting their bases in the region.
Swift technological innovations and large-scale use of connected devices along with the need for strong security features have prompted the firms to hire IoT engineering services. This, in turn, will facilitate the IoT engineering services market to flourish in the Asia Pacific zone in the coming decade.
Key players profiled in the report and favorably impacting the market revenue include Happiest Minds, Wipro, eInfochips, RapidValue, TCS, Capgemini, Tech Mahindra, Cognizant, Infosys, IBM, and Aricent.
The global IoT engineering services market is segmented as follows:
By service type:
By end-user:
By vertical:
By Region
List of Figures
1. Market research process
2. Market research methodology
3. Global IoT Engineering Services Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global IoT Engineering Services Market attractiveness, By Service Type
6. Global IoT Engineering Services Market attractiveness, By End-User
7. Global IoT Engineering Services Market attractiveness, By Vertical
8. Global IoT Engineering Services Market Share by Service Type ,2019 and 2026 (USD Billion)
9. Global IoT Engineering Services Market by Maintenance Services,2016–2026 (USD Billion)
10. Global IoT Engineering Services Market by Cloud Engineering ,2016–2026 (USD Billion)
11. Global IoT Engineering Services Market by Experience Engineering ,2016–2026 (USD Billion)
12. Global IoT Engineering Services Market, By Product Engineering, 2016–2026 (USD Billion)
13. Global IoT Engineering Services Market, By Security Engineering, 2016–2026 (USD Billion)
14. Global IoT Engineering Services Market Share By End-User ,2019 and 2026 (USD Billion)
15. Global IoT Engineering Services Market by Large Enterprises,2016–2026 (USD Billion)
16. Global IoT Engineering Services Market, By Small & Medium Enterprises, 2016–2026 (USD Billion)
17. Global IoT Engineering Services Market Share By Vertical ,2019 and 2026 (USD Billion)
18. Global IoT Engineering Services Market by Energy & Utilities,2016–2026 (USD Billion)
19. Global IoT Engineering Services Market, By Automotive, 2016–2026 (USD Billion)
20. Global IoT Engineering Services Market, By Industrial Manufacturing, 2016–2026 (USD Billion)
21. Global IoT Engineering Services Market, By Healthcare, 2016–2026 (USD Billion)
22. Global IoT Engineering Services Market, By Aerospace & Defense, 2016–2026 (USD Billion)
23. Global IoT Engineering Services Market, By Transportation & Logistics, 2016–2026 (USD Billion)
24. Global IoT Engineering Services Market, By Telecom & IT, 2016–2026 (USD Billion)
25. Global IoT Engineering Services Market share, by Region, 2019 and 2026
26. North America IoT Engineering Services Market, 2016–2026 (USD Billion)
27. Europe IoT Engineering Services Market, 2016–2026 (USD Billion)
28. Asia Pacific IoT Engineering Services Market, 2016–2026 (USD Billion)
29. Latin America IoT Engineering Services Market, 2016–2026 (USD Billion)
30. The Middle East and Africa IoT Engineering Services Market, 2016–2026 (USD Billion)
List of Tables
1. Global IoT Engineering Services Market: snapshot
2. Drivers of the IoT Engineering Services Market: impact analysis
3. North America IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
4. North America IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
5. North America IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
6. The U.S. IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
7. The U.S. IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
8. The U.S. IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
9. Rest of North America IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
10. Rest of North America IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
11. Rest of North America IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
12. Europe IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
13. Europe IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
14. Europe IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
15. UK IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
16. UK IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
17. UK IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
18. France IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
19. France IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
20. France IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
21. Germany IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
22. Germany IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
23. Germany IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
24. Rest of Europe IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
25. Rest of Europe IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
26. Rest of Europe IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
27. Asia Pacific IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
28. Asia Pacific IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
29. Asia Pacific IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
30. China IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
31. China IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
32. China IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
33. Japan IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
34. Japan IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
35. Japan IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
36. India IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
37. India IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
38. India IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
39. Rest of Asia Pacific IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
40. Rest of Asia Pacific IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
41. Rest of Asia Pacific IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
42. Latin America IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
43. Latin America IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
44. Latin America IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
45. Brazil IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
46. Brazil IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
47. Brazil IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
48. Rest of Latin America IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
49. Rest of Latin America IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
50. Rest of Latin America IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
51. The Middle East and Africa IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
52. The Middle East and Africa IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
53. The Middle East and Africa IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
54. Saudi Arabia IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
55. Saudi Arabia IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
56. Saudi Arabia IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
57. South Africa IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
58. South Africa IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
59. South Africa IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
60. Rest of the Middle East & Africa IoT Engineering Services Market revenue, By Service Type , 2016–2026 (USD Billion)
61. Rest of the Middle East & Africa IoT Engineering Services Market revenue, By End-User , 2016–2026 (USD Billion)
62. Rest of the Middle East & Africa IoT Engineering Services Market revenue, By Vertical, 2016–2026 (USD Billion)
Growing need for developing industrial IoT solutions for smart manufacturing and effective deployment of digital performance management tools and asset tracking systems will push the growth of IoT engineering systems industry over the years ahead. Influx of new technologies has created a paradigm shift in the operations & workings in various industries and this has facilitated the adoption of IoT engineering services in these industries. Apart from this, IoT engineering services is likely to bring a transformation in the manufacturing processes and will alter the cusp & phase of growth of production sector in the years ahead.
According to Zion Market Research report, the global IoT Engineering Services market, which was estimated at 20.01(USD Billion) in 2019 and is predicted to accrue earnings worth 55.02 (USD Billion) by 2026, is set to record a CAGR of nearly 26.5% over 2020-2026.
Asia Pacific is likely to make noteworthy contributions towards overall IoT Engineering Services Market revenue. The growth of the market in the region over 2020-2026 can be ascribed to availability of robust infrastructure in the countries like China, Singapore, and Japan. In addition to this, IoT vendors are eager to exploit the strong growth potential in these countries by setting their bases in the region. Swift technological innovations and large-scale use of connected devices along with need for strong security features have prompted the firms to hire IoT engineering services. This, in turn, will facilitate the IoT engineering services market flourish in the Asia Pacific zone in the coming decade.
The key players profiled in the report include RapidValue, Tech Mahindra, Cognizant, eInfochips, Happiest Minds, Infosys, IBM, TCS, Wipro, Capgemini, and Aricent.
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed