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With a predicted CAGR of 37.4 percent from 2024–2031, the worldwide iot integration market size is expected to increase from $3.28 billion in 2023 to $78.17 billion in 2031.
The Internet of Things (IoT) refers to a network of interconnected physical devices that may be accessed online. With 14.3 billion active IoT endpoints, the number of worldwide IoT connections increased by 18% in 2023, according to the most recent "State of IoT—Spring 2024" study from IoT Analytics. In order to successfully undergo digital transformation, organizations are embracing cutting-edge technologies such as the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), and cloud services. The efficient collection, management, and analysis of the massive amounts of data generated by IoT devices is; nonetheless, of paramount importance. The growing processing capability of IoT devices allows them to swiftly execute numerous tasks in real-time. Data analysis leads to practical measures to enhance the company. There is a growing need for integration services since the number of Internet of Things (IoT) devices is growing in popularity around the world.
From processor-powered devices linked to gather and analyze data in real-time to sensor-powered microcontrollers, there is a wide range of technologies and systems that make up the Internet of Things (IoT) ecosystem. A great deal of data can be sensed and transmitted online by these gadgets. Digital access and control of connected devices is possible from any location utilizing smartphones, tablets, desktop computers, and wearable technology. Internet of Things (IoT) integration services are in high demand to guarantee the correct operation of these linked gadgets, which are becoming increasingly popular around the world. It is necessary to have an IoT architecture in order to handle the ever-increasing amount of linked devices. Services for Internet of Things integration aid in managing device vulnerabilities, ensuring ongoing communication, managing the Internet, and addressing data security threats related to linked devices.
A worldwide regulatory organization is necessary because, in order to boost economies at scale, more technical standardization is needed to lower the entrance barriers to the Internet of Things (IoT) integration market. In order to facilitate developments in the market for IoT integration, the standards must be meticulously crafted. The majority of the market's adoption of a suitable Internet of Things (IoT) communications protocol is frequently pushed forward by service providers. The market is starting to see several early protocols, although there are still protocols that are officially available. Various Internet of Things (IoT) standards have developed over time in response to various uses and stakeholders. The goal of the Internet of Things Global Standard Initiative (IoT-GSI), established by the International Telecommunication Union (ITU), is to establish a worldwide standard for the IoT. For Internet of Things (IoT)-specific standards, the European Commission has established numerous European standard bodies, including ETSI, CEN, and CENELEC. These groups formulate policies in accordance with the norms set down by the European Union.
The key factors anticipated to propel the IoT integration market during the forecast period include the burgeoning wireless technology industry and the increasing number of government regulators who are in favor of data integration with a wide range of devices and applications. One potential obstacle to the expansion of the IoT integration market is the absence of standards for interconnection and interoperability, as well as worries about data security. In addition, the coming years are likely to see changes in the IoT integration market demand due to factors such as the maturing partner agreements of IoT suppliers, the increase of IPAAS, the requirement for data consistency in enterprises, and the expanding use of API approach for integration in organizations.
Based on factors such as service type, organization size, industry vertical, and area, the IoT integration sector is divided into several submarkets. System design, device and platform management, application management, network management, testing, and other services make up the various segments of the market. Market participants are categorized as either large or small and medium-sized businesses, depending on their size. Sectors such as BFSI, Manufacturing, Healthcare, Government and Defense, Energy and Utilities, Transportation and Automotive, Retail and E-commerce, Information Technology and Telecom, and others make up the market. The study breaks down the data by continent, looking at the Americas, Europe, Asia-Pacific, and LAMEA.
The IoT integration industry is being propelled by the rising tide of BYOD usage. The rising need for Internet of Things devices has led to a substantial increase in the popularity of bring-your-own-device policies and other forms of remote workplace management. Personal electronic devices are being encouraged by employers. Businesses have benefited financially from BYOD since it allows workers to use their own gadgets at home instead of buying company-issued ones. A platform capable of running numerous apps is in high demand due to this growth. It is possible to connect various devices with the help of IoT integration services. The systems and devices are able to communicate with one other in real-time thanks to these services.
Furthermore, wireless technology is crucial to the development of new medical equipment, unmanned aerial vehicles (UAVs), and autonomous vehicles (AVs). The need for wireless technologies is expected to expand in the next two years, driven by the widespread adoption of wireless sensor networks, LoRaWAN, LPWAN, 5G, and IPV6. These new technologies provide characteristics like long-range communication and low power consumption, which are necessary to set the proper foundation and construct the ideal platforms for the Internet of Things (IoT) ecosystem to evolve.
Report Coverage
Global IoT Integration research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global IoT Integration report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and IoT Integration competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key IoT Integration market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global IoT Integration market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, IoT Integration market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Fujitsu Limited, Accenture plc, DXC Technology, Salesforce Inc., IBM Corporation, Capgemini, Dell Technology,, Softdel, NTT data corporation, ATOS SE, Cognizant, Deloitte, Tech Mahindra, Infosys Limited, HCL Technologies Ltd, Tata Consultancy Services, Wipro
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global IoT Integration market based on the below-mentioned segments:
Global IoT Integration Market, By Service Type
System Design Services
Device and Platform Management Services
Application Management Services
Network Management Services
Testing Services
Others
Global IoT Integration market, By Application
Smart Healthcare
Smart Retail
Smart Building
Energy & Utilities
Smart Transportation
Global IoT Integration Market, By Enterprise Size
Large Enterprises
Small and Medium Enterprises
Global IoT Integration market, Regional Analysis
The Internet of Things (IoT) refers to a network of interconnected physical devices that may be accessed online. With 14.3 billion active IoT endpoints, the number of worldwide IoT connections increased by 18% in 2023, according to the most recent "State of IoT—Spring 2024" study from IoT Analytics. In order to successfully undergo digital transformation, organizations are embracing cutting-edge technologies such as the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), and cloud services. The efficient collection, management, and analysis of the massive amounts of data generated by IoT devices is; nonetheless, of paramount importance. The growing processing capability of IoT devices allows them to swiftly execute numerous tasks in real-time. Data analysis leads to practical measures to enhance the company. There is a growing need for integration services since the number of Internet of Things (IoT) devices is growing in popularity around the world.
From processor-powered devices linked to gather and analyze data in real-time to sensor-powered microcontrollers, there is a wide range of technologies and systems that make up the Internet of Things (IoT) ecosystem. A great deal of data can be sensed and transmitted online by these gadgets. Digital access and control of connected devices is possible from any location utilizing smartphones, tablets, desktop computers, and wearable technology. Internet of Things (IoT) integration services are in high demand to guarantee the correct operation of these linked gadgets, which are becoming increasingly popular around the world. It is necessary to have an IoT architecture in order to handle the ever-increasing amount of linked devices. Services for Internet of Things integration aid in managing device vulnerabilities, ensuring ongoing communication, managing the Internet, and addressing data security threats related to linked devices.
A worldwide regulatory organization is necessary because, in order to boost economies at scale, more technical standardization is needed to lower the entrance barriers to the Internet of Things (IoT) integration market. In order to facilitate developments in the market for IoT integration, the standards must be meticulously crafted. The majority of the market's adoption of a suitable Internet of Things (IoT) communications protocol is frequently pushed forward by service providers. The market is starting to see several early protocols, although there are still protocols that are officially available. Various Internet of Things (IoT) standards have developed over time in response to various uses and stakeholders. The goal of the Internet of Things Global Standard Initiative (IoT-GSI), established by the International Telecommunication Union (ITU), is to establish a worldwide standard for the IoT. For Internet of Things (IoT)-specific standards, the European Commission has established numerous European standard bodies, including ETSI, CEN, and CENELEC. These groups formulate policies in accordance with the norms set down by the European Union.
The key factors anticipated to propel the IoT integration market during the forecast period include the burgeoning wireless technology industry and the increasing number of government regulators who are in favor of data integration with a wide range of devices and applications. One potential obstacle to the expansion of the IoT integration market is the absence of standards for interconnection and interoperability, as well as worries about data security. In addition, the coming years are likely to see changes in the IoT integration market demand due to factors such as the maturing partner agreements of IoT suppliers, the increase of IPAAS, the requirement for data consistency in enterprises, and the expanding use of API approach for integration in organizations.
Based on factors such as service type, organization size, industry vertical, and area, the IoT integration sector is divided into several submarkets. System design, device and platform management, application management, network management, testing, and other services make up the various segments of the market. Market participants are categorized as either large or small and medium-sized businesses, depending on their size. Sectors such as BFSI, Manufacturing, Healthcare, Government and Defense, Energy and Utilities, Transportation and Automotive, Retail and E-commerce, Information Technology and Telecom, and others make up the market. The study breaks down the data by continent, looking at the Americas, Europe, Asia-Pacific, and LAMEA.
The IoT integration industry is being propelled by the rising tide of BYOD usage. The rising need for Internet of Things devices has led to a substantial increase in the popularity of bring-your-own-device policies and other forms of remote workplace management. Personal electronic devices are being encouraged by employers. Businesses have benefited financially from BYOD since it allows workers to use their own gadgets at home instead of buying company-issued ones. A platform capable of running numerous apps is in high demand due to this growth. It is possible to connect various devices with the help of IoT integration services. The systems and devices are able to communicate with one other in real-time thanks to these services.
Furthermore, wireless technology is crucial to the development of new medical equipment, unmanned aerial vehicles (UAVs), and autonomous vehicles (AVs). The need for wireless technologies is expected to expand in the next two years, driven by the widespread adoption of wireless sensor networks, LoRaWAN, LPWAN, 5G, and IPV6. These new technologies provide characteristics like long-range communication and low power consumption, which are necessary to set the proper foundation and construct the ideal platforms for the Internet of Things (IoT) ecosystem to evolve.
Report Coverage
Global IoT Integration research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global IoT Integration report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and IoT Integration competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key IoT Integration market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Fujitsu Limited, Accenture plc, DXC Technology, Salesforce Inc., IBM Corporation, Capgemini, Dell Technology,, Softdel, NTT data corporation, ATOS SE, Cognizant, Deloitte, Tech Mahindra, Infosys Limited, HCL Technologies Ltd, Tata Consultancy Services, Wipro |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of IoT Integration Market from 2021 to 2031.
- Market Forecast for IoT Integration Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, IoT Integration competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on IoT Integration
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global IoT Integration market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, IoT Integration market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Fujitsu Limited, Accenture plc, DXC Technology, Salesforce Inc., IBM Corporation, Capgemini, Dell Technology,, Softdel, NTT data corporation, ATOS SE, Cognizant, Deloitte, Tech Mahindra, Infosys Limited, HCL Technologies Ltd, Tata Consultancy Services, Wipro
Primary Target Market
- Market Players of IoT Integration
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global IoT Integration market based on the below-mentioned segments:
Global IoT Integration Market, By Service Type
System Design Services
Device and Platform Management Services
Application Management Services
Network Management Services
Testing Services
Others
Global IoT Integration market, By Application
Smart Healthcare
Smart Retail
Smart Building
Energy & Utilities
Smart Transportation
Global IoT Integration Market, By Enterprise Size
Large Enterprises
Small and Medium Enterprises
Global IoT Integration market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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