The Business Research Company’s IoT Professional Services Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The IoT Professional Services Global Market Report 2023 evaluates iot professional services market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global IoT professional services market size is expected to grow from $135.95 billion in 2022 to $151.75 billion in 2023, at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global IoT professional services is expected to grow to $236.25 billion in 2027 at a CAGR of 11.7%.
The rapidly growing number of IoT connections is expected to propel the growth of the IoT professional services market going forward. The Internet of Things (IoT) refers to a network of physical objects that are implanted with sensors, software, and other technologies to connect and exchange data with other devices and systems over the internet. The professional services IoT connected devices ingest device data and transform it into insightful knowledge that can offer operators a full range of product analytics and help manufacturers build new products. For instance, according to the data published by DataProt, a US-based review site providing reliable information about various cybersecurity technologies, in 2021, there were over 10 billion active IoT devices globally, and this is expected to reach 25.4 billion by 2025. Therefore, a rapidly growing number of IoT connections is driving the growth of the IoT professional services market.
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The iot professional services market segments in the report are:
1) By Service Type: IoT Consulting Service, IoT Infrastructure Service, System Designing and Integration Service, Support and Maintenance Service, Education and Training Service
2) By Deployment Type: Cloud, On-Premises
3) By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprises
4) By Application: Smart Buildings, Smart Manufacturing, Smart Transport and Logistics, Smart Healthcare, Smart Retail, Other Applications
The table of contents in TBRC’s iot professional services market report includes:
1. Executive Summary
2. IoT Professional Services Market Characteristics
3. IoT Professional Services Market Trends And Strategies
4. IoT Professional Services Market – Macro Economic Scenario
5. IoT Professional Services Market Size And Growth
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26. Africa IoT Professional Services Market
27. IoT Professional Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT Professional Services Market
29. IoT Professional Services Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Atos SE
- Capgemini SE
- Cognizant Technology
- Deloitte Touche Tohmatsu Limited
- IBM Corporation
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