Global IoT Integration Market is valued at approximately USD $$million in 2021 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2022-2028. IoT integration refers to the incorporation of IoT applications, IoT platforms, IoT data, and IoT devices with an IT asset such as legacy data, business applications, mobile, and SaaS that helps in executing end-to-end IoT business solutions.
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Factors such as the growing penetration of connected devices to promote BYOD and remote workplace management, the rapid development of wireless technologies, and the growing emergence of IPv6 are the leading factors attributing to the global market demand. For instance, as per Statista, nearly 8.6 billion Internet of Things (IoT) connected devices were recorded in 2019 and the figure is estimated to grow and likely to reach around 19.1 billion devices by 2025. Accordingly, the rising number of IoT-connected devices is witnessing the surging demand for IoT Integration, which is bolst6ering the market growth across the globe. However, a lack of standardization in IoT protocols and rising data security and privacy concerns impede the growth of the market over the forecast period of 2022-2028. Also, the rising demand for automation in business processes and the surging adoption of iPaaS are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global IoT Integration Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising digitalization across the manufacturing sector and increasing R&D spending. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing investments in the IoT integration service, as well as increasing number of government initiatives such as smart cities and IIoT, would create lucrative growth prospects for the IoT Integration Market across the Asia-Pacific region.
Major market players included in this report are:
TCS Limited
Wipro Limited
Atos SE
Accenture
Fujitsu Ltd.
Infosys Limited
HCL Technologies Limited
Tech Mahindra Limited
IBM Corporation
Cognizant
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Service:
Device and Platform Management Services
Application Management Services
System Design and Architecture
Testing Services
Third-party API Management Services
Network Management Services
Infrastructure and Workload Management Services
Others
By Organization Size:
Small and medium-sized enterprises
Large enterprises
By Application:
Smart building and home automation
Smart healthcare
Industrial manufacturing and automation
Smart transportation, logistics and telematics
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market research objective you provided focuses on conducting a comprehensive analysis of a specific market. Here is a breakdown of the research objectives you mentioned:
To analyze and forecast the market size of the market:
- This objective involves assessing the current market size and using historical data and market trends to forecast its future size.
- This analysis helps in understanding the market’s growth potential and opportunities.
To classify and forecast the global market based on product, material, application, and region:
- This objective aims to categorize the market based on different factors such as product types, materials used, applications, and geographical regions.
- It also involves forecasting the market size and growth for each category, providing a detailed understanding of market segmentation.
To identify drivers and challenges for the global market:
- This objective focuses on identifying the factors that drive market growth and those that pose challenges or constraints.
- Understanding the drivers helps in recognizing opportunities, while understanding the challenges allows for mitigation strategies and informed decision-making.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations, and partnerships in the market:
- This objective involves analyzing the competitive landscape of the market. It includes studying activities such as mergers and acquisitions, agreements, collaborations, and partnerships among market players.
- This analysis provides insights into the market’s competitive dynamics and strategic moves by key players.
To conduct pricing analysis for the market:
- This objective aims to analyze pricing strategies within the market. It involves assessing pricing trends, price variations based on different factors, and understanding price sensitivity among customers.
- This analysis helps in formulating effective pricing strategies for market players.
To identify and analyze the profile of leading players operating in the market:
- This objective involves profiling and analyzing the key players in the market. It includes studying their business strategies, financial performance, product portfolios, market share, and competitive advantages.
- This analysis helps in understanding the competitive landscape and benchmarking against industry leaders.
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