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IoT Engineering Services Market - Global Industry Analysis

IoT Engineering Services Market - By Service Type (Maintenance Services, Cloud Engineering, Experience Engineering, Product Engineering, and Security Engineering), By End-User (Large Enterprises and Small & Medium Enterprises), By Vertical (IT & Telecom, Healthcare, Energy & Utilities, Automotive, Industrial Manufacturing, Aerospace & Defense, and Transportation & Logistics), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 21-Oct-2020 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3054 Status : Published

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.

Description

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 valuation and analysis of 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

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 process for various businesses. With steep decline in the costs of sensors & communication systems and increase in the knowhow about the application of these novel technologies, it is likely that 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 has 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 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.    

Global IoT Engineering Services Market

Market Growth Dynamics

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.

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 focus of firms for optimizing their profits through business transformation has create demand for the IoT engineering services. In addition to this, 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 is projected to be a catch phrase & growing trend of the next-gen technology. All these aforementioned aspects will steer the market landscape over the forthcoming years.

Asia Pacific Market To Establish Strong Foothold Over 2020-2026

The growth of the market in the region over the estimated timespan is attributed 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.

Key players profiled in the report and favorably impacting the market revenue includes 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:

  • Experience Engineering
  • Security Engineering
  • Cloud Engineering
  • Maintenance Services
  • Product Engineering

By end-user:

  • Large Enterprises
  • Small & Medium Enterprises

By vertical:

  • Automotive
  • Energy & Utilities
  • Healthcare
  • IT & Telecom
  • Transportation & Logistics
  • Aerospace & Defense
  • Industrial Manufacturing

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. IoT Engineering Services Market, 2016–2026 (USD Billion)
    • 2.2. IoT Engineering Services Market: Snapshot
  • Chapter 3. Global IoT Engineering Services Market– Industry Analysis
    • 3.1. IoT Engineering Services Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. 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 focus of firms for optimizing their profits through business transformation has create demand for the IoT engineering services.
      • 3.2.2. 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.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Service Type
      • 3.4.2. Market attractiveness analysis By Vertical
      • 3.4.3. Market attractiveness analysis By End-User
  • Chapter 4. Global IoT Engineering Services Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global IoT Engineering Services Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global IoT Engineering Services Market– Service Type Analysis
    • 5.1. Global IoT Engineering Services Market overview: By Service Type
      • 5.1.1. Global IoT Engineering Services Market share, By Service Type , 2019 and 2026
    • 5.2. Maintenance Services
      • 5.2.1. Global IoT Engineering Services Market By Maintenance Services, 2016–2026 (USD Billion)
    • 5.3. Cloud Engineering
      • 5.3.1. Global IoT Engineering Cloud Engineering Market By Cloud Engineering, 2016–2026 (USD Billion)
    • 5.4. Experience Engineering
      • 5.4.1. Global IoT Engineering Cloud Engineering Market By Experience Engineering, 2016–2026 (USD Billion)
    • 5.5. Product Engineering
      • 5.5.1. Global IoT Engineering Cloud Engineering Market By Product Engineering, 2016–2026 (USD Billion)
    • 5.6. Security Engineering
      • 5.6.1. Global IoT Engineering Cloud Engineering Market By Security Engineering, 2016–2026 (USD Billion)
  • Chapter 6. Global IoT Engineering Services Market– Vertical Analysis
    • 6.1. Global IoT Engineering Services Market overview: By Vertical
      • 6.1.1. Global IoT Engineering Services Market share, By Vertical , 2019 and 2026
    • 6.2. Energy & Utilities
      • 6.2.1. Global IoT Engineering Services Market By Energy & Utilities, 2016–2026 (USD Billion)
    • 6.3. Automotive
      • 6.3.1. Global IoT Engineering Services Market By Automotive, 2016–2026 (USD Billion)
    • 6.4. Industrial Manufacturing
      • 6.4.1. Global IoT Engineering Services Market By Industrial Manufacturing, 2016–2026 (USD Billion)
    • 6.5. Healthcare
      • 6.5.1. Global IoT Engineering Services MarketBy Healthcare, 2016–2026 (USD Billion)
    • 6.6. Aerospace & Defense
      • 6.6.1. Global IoT Engineering Services Market By Aerospace & Defense, 2016–2026 (USD Billion)
    • 6.7. Transportation & Logistics
      • 6.7.1. Global IoT Engineering Services Market By Transportation & Logistics, 2016–2026 (USD Billion)
    • 6.8. Telecom & IT
      • 6.8.1. Global IoT Engineering Services Market By Telecom & IT, 2016–2026 (USD Billion)
  • Chapter 7. Global IoT Engineering Services Market– End-User Analysis
    • 7.1. Global IoT Engineering Services Market overview: By End-User
      • 7.1.1. Global IoT Engineering Services Market share, By End-User , 2019 and 2026
    • 7.2. Large Enterprises
      • 7.2.1. Global IoT Engineering Services Market By Large Enterprises, 2016–2026 (USD Billion)
    • 7.3. Small & Medium Enterprises
      • 7.3.1. Global IoT Engineering Services Market By Small & Medium Enterprises, 2016–2026 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. RapidValue
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Service Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Tech Mahindra
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Service Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Cognizant
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Service Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. eInfochips
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Service Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Happiest Minds
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Service Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Infosys
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Service Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. IBM
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Service Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. TCS
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Service Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Wipro
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Service Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Capgemini
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Service Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Aricent
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Service Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development

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)


 
 

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FrequentlyAsked Questions

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.

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