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Global Internet of things (IoT) Integration market was valued at $586 million in 2016 and is estimated to generate a net revenue of approximately $8543 million by 2025, rising at a CAGR of 34.77% during the forecast period 2017-2025.
The segments for global IOT integration market are classified by services, by organization size, and by end-users. The services include application management services, advisory services, database and block storage management services, third-party API management services, device and platform management services, testing services, service provisioning and directory management services, system design and architecture services, infrastructure and workload management services, and network protocol management services. The organization size varies from small and medium enterprises to large enterprises. The end-users for the market include smart transportation, logistics and telematics, energy and utilities, smart retail, industrial manufacturing and automation, smart healthcare, and smart building and home automation.
Region wise, the market is fragmented into Europe, Asia-Pacific, North America and rest of the world. The Asia Pacific region is showing significant development due to government initiatives like “Made in China 2025” and “Digital India.” Such initiatives are aimed at increased intelligent manufacturing. The region of North America, however, dominated the global market in 2016. Its market growth is chiefly driven by increasing digitalization, the emergence of smart cities, and growing Industrial Internet of Things (IIoT).
Allerin, Accenture Plc, Atos Se, Capgemini Se, Ayla Networks Inc, Cognizant Technology Solutions Corporation, Deloitte Touche Tohmatsu Limited, HCL Technologies Limited, Intel Corporation, Infosys Limited, International Business Machines Corporation (IBM), Mulesoft Inc, Meshed Group, NTT Data Corporation, Smartbear Software, Phitomas, Softdel, Tech Mahindra Limited, Tata Consultancy Services Limited (TCS), Wipro Limited and Tibbo Systems are some of the players engaged in this market.