Press Resease

IoT Professional Services Market by Service Type (IoT Consulting Service, IoT Infrastructure Service, System Designing & Integration Service, Support & Maintenance Service, and Education & Training Service), by Organization Size (SMEs, Large Enterprises) by Deployment Type (Cloud, On-premises) by End Use Industry (IT & Telecom, Retail, Manufacturing, Healthcare, BFSI and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 13-Jul-2021 Category: Technology & Media Report Format : PDF Pages: 160 Report Code: ZMR-6398 Status : Published

The global automated sortation system market accounted for USD 91254 Million in 2020 and is expected to reach USD 162263.7 Million by 2028, growing at a CAGR of 6.7% from 2021 to 2028.

Description

Market Overview

The global automated sortation system market accounted for USD 91254 Million in 2020 and is expected to reach USD 162263.7 Million by 2028, growing at a CAGR of 6.7% from 2021 to 2028.

Internet of Things (IoT) services are a set of end-to-end services in which organisations hire outside companies to design, build, install, and run IoT solutions, as well as providing advisory services for IoT planning. Professional IoT services aid in the management of device vulnerability, assuring continuous communication, controlling the internet, and addressing data security issues linked with the usage of connected devices.

The market is expected to grow over the forecast period owing to the proliferation of connected devices around the world and the demand for highly customised IoT professional services in the industrial and transportation sectors. The introduction of IoT has resulted in an increased data traffic. By 2030, Cisco estimates that more than 500 billion IoT devices, including sensors, actuators, and medical equipment, will be connected to the internet. Additionally, with the advent of 5G next-generation mobile connection technology, a massive IoT ecosystem can be unleashed that would allow networks to serve billions of connected devices.

COVID-19 Impact Analysis

The Covid-29 pandemic has had a positive effect on the IoT professional services market.  During the pandemic, IoT device usage has been on the rise in various industries, including healthcare, utilities, manufacturing, and transportation and logistics. In healthcare, for example, IoT professional services are rapidly being employed in telemedicine solutions such as remote patient monitoring and diagnostics. Intelligent asset management solutions for remote monitoring, alerts and notifications, remote services and control have being considered by businesses which can be expected to fuel the growth of the market.

Growth Factors

The growing computational power of IoT devices enables rapidly carrying out multiple functions in real time. Data analysis insights help drive actionable steps to improve the business, thereby increasing the adoption rate of IoT devices across the globe.

Rising need for reduction in capital and operational expenditure can also be expected to fuel the growth of the market. Moreover, as businesses and industries continue to navigate their way through the challenges posed by the Covid-19 pandemic, switching to the online mode and extensive adoption of online services is expected to have a positive affect on the growth trajectory.

Report Scope:

Service Type Segment Analysis Preview

IoT consulting services segment held a share of around 31.2% in 2020. As per a study conducted, IoT consulting has been on the rise in the recent past. IoT consulting services assist firms in fine-tuning their business processes and enable develop distinct strategies, develop use cases, plan roadmaps, assess technologies, and frame IoT architectures. They also assist businesses in developing new IoT infrastructures to supplement their existing systems and help non-IT organisations with limited IT knowledge in understanding such technologies.

Deployment Type Segment Analysis Preview

Cloud segment will grow at a CAGR of over 5.9% from 2021 to 2028. This is attributable to the scalability and agility that a cloud network has to offer. Businesses are moving to cloud-deployed IoT professional services as they are more affordable and offer a wider range of functions as compared to on-premises services.

Regional Analysis Preview

The North American region held a share of 31.25% in 2020. This is attributable to the presence of top companies such as AT&T, IBM, and Cognizant among others. Moreover, the region is technologically advanced, and a number of government programmes, such as smart cities and Industrial IoT (IIoT), have been implemented. Businesses in this region are eager to incorporate IoT technology into their processes owing to the early adoption of trending technologies such as IoT, cloud, AI, big data, and mobility.

The Asia Pacific region is projected to grow at a CAGR of around 6.1% over the forecast period. This is attributable to the increased adoption of advanced technologies, clubbed with steady economic growth and smart city projects undertaken in the region. The presence of key players such as TCS, NTT DATA and Vodafone among others can also be expected to boost the market.

Key Market Players & Competitive Landscape

Some of key players in automated sortation system market are Accenture, Atos SE, IBM, Cognizant, Deloitte, TCS, NTT DATA Corporation, AT&T, Wipro, Honeywell International Inc., HCL (India), Vodafone, DXC Technology and EY Global among others. 

The ability to innovate their offerings through extensive research and development activities has allowed key players to gain competitive advantage in the market. Strategic collaborations and acquisitions among the players is also enabling a stronger foothold in the market. For instance, Atos and IBM partnered in January 2021 to enable businesses accelerate their digital transformation and improve business operations. Manufacturing, energy and utilities, oil and gas, retail, and transportation are among the industries where Atos and IBM will collaborate to address business difficulties. DXC Technology  in August 2019 partnered with Google Cloud to enable enterprise clients modernize their mission-critical IT and integrate digital solutions on the Google Cloud Platform.

The global IoT professional services market is segmented as follows:

By Service Type

  • IoT Consulting Service,
  • IoT Infrastructure Service
  • System Designing and Integration Service
  • Support and Maintenance Service
  • Education and Training Service

By Organization Size

  • SMEs
  • Large Enterprises

By Deployment Type

  • Cloud
  • On-Premises

By End Use Industry

  • IT & Telecom
  • Retail
  • Manufacturing
  • Healthcare
  • BFSI
  • Others

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 No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Service Type
        • 2.1.1.2. Market Attractiveness Analysis, By Organization Size
        • 2.1.1.3. Market Attractiveness Analysis, By Deployment Type
        • 2.1.1.4. Market Attractiveness Analysis, By End Use Industry
        • 2.1.1.5. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global IoT Professional Services Market Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 IoT Professional Services Market Market – Service Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Service Type, 2020 & 2028
  • Chapter No. 5 IoT Professional Services Market Market – Organization Size Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Organization Size, 2020 & 2028
  • Chapter No. 6 IoT Professional Services Market Market – Deployment Type Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Deployment Type, 2020 & 2028
  • Chapter No. 7 IoT Professional Services Market Market – End Use Industry Segment Analysis
    • 7.1. Overview
      • 7.1.1. Market Revenue Share, By End Use Industry, 2020 & 2028
  • Chapter No. 8 IoT Professional Services Market Market – Regional Analysis
    • 8.1. Overview
      • 8.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 8.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 8.2. North America
      • 8.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.2.2. North America Market Revenue, By Service Type, 2016 – 2028
      • 8.2.3. North America Market Revenue, By Organization Size, 2016 – 2028
      • 8.2.4. North America Market Revenue, By Deployment Type, 2016 – 2028
      • 8.2.5. North America Market Revenue, By End Use Industry, 2016 – 2028
      • 8.2.6. U.S.
        • 8.2.6.1. U.S. Market Revenue, By Service Type, 2016 – 2028
        • 8.2.6.2. U.S. Market Revenue, By Organization Size, 2016 – 2028
        • 8.2.6.3. U.S. Market Revenue, By Deployment Type, 2016 – 2028
        • 8.2.6.4. U.S. Market Revenue, By End Use Industry, 2016 – 2028
      • 8.2.7. Canada
        • 8.2.7.1. Canada Market Revenue, By Service Type, 2016 – 2028
        • 8.2.7.2. Canada Market Revenue, By Organization Size, 2016 – 2028
        • 8.2.7.3. Canada Market Revenue, By Deployment Type, 2016 – 2028
        • 8.2.7.4. Canada Market Revenue, By End Use Industry, 2016 – 2028
      • 8.2.8. Mexico
        • 8.2.8.1. Mexico Market Revenue, By Service Type, 2016 – 2028
        • 8.2.8.2. Mexico Market Revenue, By Organization Size, 2016 – 2028
        • 8.2.8.3. Mexico Market Revenue, By Deployment Type, 2016 – 2028
        • 8.2.8.4. Mexico Market Revenue, By End Use Industry, 2016 – 2028
    • 8.3. Europe
      • 8.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.3.2. Europe Market Revenue, By Service Type, 2016 – 2028
      • 8.3.3. Europe Market Revenue, By Organization Size, 2016 – 2028
      • 8.3.4. Europe Market Revenue, By Deployment Type, 2016 – 2028
      • 8.3.5. Europe Market Revenue, By End Use Industry, 2016 – 2028
      • 8.3.6. Germany
        • 8.3.6.1. Germany Market Revenue, By Service Type, 2016 – 2028
        • 8.3.6.2. Germany Market Revenue, By Organization Size, 2016 – 2028
        • 8.3.6.3. Germany Market Revenue, By Deployment Type, 2016 – 2028
        • 8.3.6.4. Germany Market Revenue, By End Use Industry, 2016 – 2028
      • 8.3.7. France
        • 8.3.7.1. France Market Revenue, By Service Type, 2016 – 2028
        • 8.3.7.2. France Market Revenue, By Organization Size, 2016 – 2028
        • 8.3.7.3. France Market Revenue, By Deployment Type, 2016 – 2028
        • 8.3.7.4. France Market Revenue, By End Use Industry, 2016 – 2028
      • 8.3.8. U.K.
        • 8.3.8.1. U.K. Market Revenue, By Service Type, 2016 – 2028
        • 8.3.8.2. U.K. Market Revenue, By Organization Size, 2016 – 2028
        • 8.3.8.3. U.K. Market Revenue, By Deployment Type, 2016 – 2028
        • 8.3.8.4. U.K. Market Revenue, By End Use Industry, 2016 – 2028
      • 8.3.9. Italy
        • 8.3.9.1. Italy Market Revenue, By Service Type, 2016 – 2028
        • 8.3.9.2. Italy Market Revenue, By Organization Size, 2016 – 2028
        • 8.3.9.3. Italy Market Revenue, By Deployment Type, 2016 – 2028
        • 8.3.9.4. Italy Market Revenue, By End Use Industry, 2016 – 2028
      • 8.3.10. Spain
        • 8.3.10.1. Spain Market Revenue, By Service Type, 2016 – 2028
        • 8.3.10.2. Spain Market Revenue, By Organization Size, 2016 – 2028
        • 8.3.10.3. Spain Market Revenue, By Deployment Type, 2016 – 2028
        • 8.3.10.4. Spain Market Revenue, By End Use Industry, 2016 – 2028
      • 8.3.11. Rest of Europe
        • 8.3.11.1. Rest of Europe Market Revenue, By Service Type, 2016 – 2028
        • 8.3.11.2. Rest of Europe Market Revenue, By Organization Size, 2016 – 2028
        • 8.3.11.3. Rest of Europe Market Revenue, By Deployment Type, 2016 – 2028
        • 8.3.11.4. Rest of Europe Market Revenue, By End Use Industry, 2016 – 2028
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.4.2. Asia Pacific Market Revenue, By Service Type, 2016 – 2028
      • 8.4.3. Asia Pacific Market Revenue, By Organization Size, 2016 – 2028
      • 8.4.4. Asia Pacific Market Revenue, By Deployment Type, 2016 – 2028
      • 8.4.5. Asia Pacific Market Revenue, By End Use Industry, 2016 – 2028
      • 8.4.6. China
        • 8.4.6.1. China Market Revenue, By Service Type, 2016 – 2028
        • 8.4.6.2. China Market Revenue, By Organization Size, 2016 – 2028
        • 8.4.6.3. China Market Revenue, By Deployment Type, 2016 – 2028
        • 8.4.6.4. China Market Revenue, By End Use Industry, 2016 – 2028
      • 8.4.7. Japan
        • 8.4.7.1. Japan Market Revenue, By Service Type, 2016 – 2028
        • 8.4.7.2. Japan Market Revenue, By Organization Size, 2016 – 2028
        • 8.4.7.3. Japan Market Revenue, By Deployment Type, 2016 – 2028
        • 8.4.7.4. Japan Market Revenue, By End Use Industry, 2016 – 2028
      • 8.4.8. India
        • 8.4.8.1. India Market Revenue, By Service Type, 2016 – 2028
        • 8.4.8.2. India Market Revenue, By Organization Size, 2016 – 2028
        • 8.4.8.3. India Market Revenue, By Deployment Type, 2016 – 2028
        • 8.4.8.4. India Market Revenue, By End Use Industry, 2016 – 2028
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea Market Revenue, By Service Type, 2016 – 2028
        • 8.4.9.2. South Korea Market Revenue, By Organization Size, 2016 – 2028
        • 8.4.9.3. South Korea Market Revenue, By Deployment Type, 2016 – 2028
        • 8.4.9.4. South Korea Market Revenue, By End Use Industry, 2016 – 2028
      • 8.4.10. South-East Asia
        • 8.4.10.1. South-East Asia Market Revenue, By Service Type, 2016 – 2028
        • 8.4.10.2. South-East Asia Market Revenue, By Organization Size, 2016 – 2028
        • 8.4.10.3. South-East Asia Market Revenue, By Deployment Type, 2016 – 2028
        • 8.4.10.4. South-East Asia Market Revenue, By End Use Industry, 2016 – 2028
      • 8.4.11. Rest of Asia Pacific
        • 8.4.11.1. Rest of Asia Pacific Market Revenue, By Service Type, 2016 – 2028
        • 8.4.11.2. Rest of Asia Pacific Market Revenue, By Organization Size, 2016 – 2028
        • 8.4.11.3. Rest of Asia Pacific Market Revenue, By Deployment Type, 2016 – 2028
        • 8.4.11.4. Rest of Asia Pacific Market Revenue, By End Use Industry, 2016 – 2028
    • 8.5. Latin America
      • 8.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.5.2. Latin America Market Revenue, By Service Type, 2016 – 2028
      • 8.5.3. Latin America Market Revenue, By Organization Size, 2016 – 2028
      • 8.5.4. Latin America Market Revenue, By Deployment Type, 2016 – 2028
      • 8.5.5. Latin America Market Revenue, By End Use Industry, 2016 – 2028
      • 8.5.6. Brazil
        • 8.5.6.1. Brazil Market Revenue, By Service Type, 2016 – 2028
        • 8.5.6.2. Brazil Market Revenue, By Organization Size, 2016 – 2028
        • 8.5.6.3. Brazil Market Revenue, By Deployment Type, 2016 – 2028
        • 8.5.6.4. Brazil Market Revenue, By End Use Industry, 2016 – 2028
      • 8.5.7. Argentina
        • 8.5.7.1. Argentina Market Revenue, By Service Type, 2016 – 2028
        • 8.5.7.2. Argentina Market Revenue, By Organization Size, 2016 – 2028
        • 8.5.7.3. Argentina Market Revenue, By Deployment Type, 2016 – 2028
        • 8.5.7.4. Argentina Market Revenue, By End Use Industry, 2016 – 2028
      • 8.5.8. Rest of Latin America
        • 8.5.8.1. Rest of Latin America Market Revenue, By Service Type, 2016 – 2028
        • 8.5.8.2. Rest of Latin America Market Revenue, By Organization Size, 2016 – 2028
        • 8.5.8.3. Rest of Latin America Market Revenue, By Deployment Type, 2016 – 2028
        • 8.5.8.4. Rest of Latin America Market Revenue, By End Use Industry, 2016 – 2028
    • 8.6. The Middle-East and Africa
      • 8.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.6.2. The Middle-East and Africa Market Revenue, By Service Type, 2016 – 2028
      • 8.6.3. The Middle-East and Africa Market Revenue, By Organization Size, 2016 – 2028
      • 8.6.4. The Middle-East and Africa Market Revenue, By Deployment Type, 2016 – 2028
      • 8.6.5. The Middle-East and Africa Market Revenue, By End Use Industry, 2016 – 2028
      • 8.6.6. GCC Countries
        • 8.6.6.1. GCC Countries Market Revenue, By Service Type, 2016 – 2028
        • 8.6.6.2. GCC Countries Market Revenue, By Organization Size, 2016 – 2028
        • 8.6.6.3. GCC Countries Market Revenue, By Deployment Type, 2016 – 2028
        • 8.6.6.4. GCC Countries Market Revenue, By End Use Industry, 2016 – 2028
      • 8.6.7. South Africa
        • 8.6.7.1. South Africa Market Revenue, By Service Type, 2016 – 2028
        • 8.6.7.2. South Africa Market Revenue, By Organization Size, 2016 – 2028
        • 8.6.7.3. South Africa Market Revenue, By Deployment Type, 2016 – 2028
        • 8.6.7.4. South Africa Market Revenue, By End Use Industry, 2016 – 2028
      • 8.6.8. Rest of Middle-East Africa
        • 8.6.8.1. Rest of Middle-East Africa Market Revenue, By Service Type, 2016 – 2028
        • 8.6.8.2. Rest of Middle-East Africa Market Revenue, By Organization Size, 2016 – 2028
        • 8.6.8.3. Rest of Middle-East Africa Market Revenue, By Deployment Type, 2016 – 2028
        • 8.6.8.4. Rest of Middle-East Africa Market Revenue, By End Use Industry, 2016 – 2028
  • Chapter No. 9 IoT Professional Services Market Market – Industry Analysis
    • 9.1. Introduction
    • 9.2. Market Drivers
      • 9.2.1. Driving Factor 1 Analysis
      • 9.2.2. Driving Factor 2 Analysis
    • 9.3. Market Restraints
      • 9.3.1. Restraining Factor Analysis
    • 9.4. Market Opportunities
      • 9.4.1. Market Opportunity Analysis
    • 9.5. Porter’s Five Forces Analysis
    • 9.6. PEST Analysis
    • 9.7. Regulatory Landscape
    • 9.8. Technulogy Landscape
    • 9.9. Regional Market Trends
      • 9.9.1. North America
      • 9.9.2. Europe
      • 9.9.3. Asia Pacific
      • 9.9.4. Latin America
      • 9.9.5. The Middle-East and Africa
    • 9.10. Pricing Analysis
    • 9.11. Value Chain Analysis
    • 9.12. Downstream Buyers
    • 9.13. Distributors/Traders List
  • Chapter No. 10 Competitive Landscape
    • 10.1. Company Market Share Analysis – 2019
      • 10.1.1. Global IoT Professional Services Market Market: Company Market Share, 2019
      • 10.1.2. Global IoT Professional Services Market Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 10.1.3. Global IoT Professional Services Market Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 10.1.4. Global IoT Professional Services Market Market: Radar Determinant Chart, 2019
    • 10.2. Strategic Developments
      • 10.2.1. Acquisitions & Mergers
      • 10.2.2. New Product Launch
      • 10.2.3. Regional Expansion
    • 10.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 11 Company Profiles
    • 11.1. Accenture
      • 11.1.1. Company Overview
      • 11.1.2. Key Executives
      • 11.1.3. Product Portfulio
      • 11.1.4. Financial Overview
      • 11.1.5. Operating Business Segments
      • 11.1.6. Business Performance
      • 11.1.7. Recent Developments
    • 11.2. Atos SE
    • 11.3. IBM
    • 11.4. Cognizant
    • 11.5. Deloitte
    • 11.6. Capgemini
    • 11.7. TCS
  • Chapter No. 12 Marketing Strategy Analysis
    • 12.1. Marketing Channel
    • 12.2. Direct Marketing
    • 12.3. Indirect Marketing
    • 12.4. Marketing Channel Development Trends
    • 12.5. Economic/Pulitical Environmental Change
  • Chapter No. 13 Research Methodulogy
    • 13.1. Research Methodulogy
    • 13.2. Phase I - Secondary Research
    • 13.3. Phase II - Data Modeling
      • 13.3.1. Company Share Analysis Model
      • 13.3.2. Revenue Based Modeling
    • 13.4. Phase III - Primary Research
    • 13.5. Research Limitations
      • 13.5.1. Assumptions

Methodology


Frequently Asked Questions

The global IoT professional services market was valued at USD 91254 Million in 2020.
The global IoT professional services market is expected to reach USD 162263.7 Million by 2028, growing at a CAGR of 6.7% between 2021 to 2028.
Some of the key factors driving the global IoT professional services market growth are proliferation of connected devices around the world and rising demand for highly customised IoT professional services in various industries.

North America region held a substantial share of the IoT professional services market in 2020. This is attributable to the presence of major players such as IBM, Cognizant, and AT&T, among others. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for IoT professional services in developing economies such as China and India.

Some of the major companies operating in the IoT professional services market are Accenture, Atos SE, IBM, Cognizant, Deloitte, TCS, NTT DATA Corporation, AT&T, Wipro, Honeywell International Inc., HCL (India), Vodafone, DXC Technolgy and EY Global among others.

}