IoT Integration Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
Analysts at GMI Research estimates that the IoT Integration Market was worth USD 2.4 billion in 2022, and forecast to touch USD 20.4 billion in 2030, growing at a CAGR of 30.6% from 2023-2030.
Overview of the IoT Integration Market Report
The proliferation of connected devices for encouraging remote workplace management and BYOD, paired with the developing ecosystem of wireless technologies, has steered the market demand for IoT integration. Further, the rising need for enhanced operational efficiency, maturing, and the emergence of Internet Protocol version 6 (IPv6) are opportunistic for the market’s growth.
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Market Dynamic
Key Drivers and Emerging Trends
The factors driving the global IoT integration market include increasing automation technologies in various verticals across the world. In recent times, smart buildings and home automation have witnessed prominent growth opportunities toward urbanization, integration of automation technologies, and enhancing economic conditions. Over 15% of the households globally are projected to have installed a smart home device by 2023. In developing economies, the need for automated solutions in various sectors, including retail, transportation, construction, and other sectors, is increasing at a noteworthy rate. Governments across the world are robustly focused on the infrastructure that is energy efficient. IoT integration solutions are projected to garner higher importance over the coming years owing to the rising demand for safer and more power-efficient solutions. With the continuous development of smart cities gaining remarkable momentum across the world, the demand for smart technologies has notably increased at a significant rate. Further, the rate of investment in IoT technology is increasing exponentially. It is estimated that by the end of 2021, the IoT spending will total around US $1.4 trillion. Numerous players in various end use verticals including smart retail, smart building & home automation, smart healthcare, energy & utility, industrial automation, and smart transportation & logistics are increasingly focusing on integrating IoT to establish a stronger foothold in the market.
Restraint in the IoT Integration market
Factors including lack of standard protocols are projected to hamper the global IoT integration market growth over the forecast period.
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Service- Segment Analysis
The device & platform management services are projected to hold the largest market share in the global IoT integration market based on the service. The device management services provide the IoT vendors a competitive market edge and efficiently launch new devices and associated services. These services help manage the devices cost-effectively by offering remote monitoring & support facilities with the help of IoT integration services. The device management services assist the enterprises to manage, track, secure, and sustain several IoT-enabled devices.
Enterprise Size- Segment Analysis
Large enterprises hold the largest market share in the global IoT integration market based on the enterprise size. However, SMEs are projected to garner the fastest growth rate over the forecast period. The rapid growth of SMEs and various government initiatives to support small businesses is fuelling the market growth.
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Regional – Segment Analysis
Based on the region, the North America region is expected to hold the largest market share over the forecast period in the global IoT integration market. The region is a prime contributor to the IoT integration market as it is technologically advanced with numerous government initiatives and developments in the areas of smart cities and IoT. North America is the early adopter of advanced technologies throughout diverse verticals, including manufacturing, healthcare, smart cities, and others. The countries in the region have sustainable & well-established economies that empower them to invest in R&D activities, thereby developing of new technologies robustly.
Top Market Players
Various notable players operating in the market include Accenture plc, ATOS SE, DXC Technology, IBM Corporation, Deloitte Touche Tohmatsu Limited, Tata Consultancy Services, Wipro Limited, Cognizant, Capgemini SE, and Infosys Limited among others.
Key Developments:
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- In 2019, Atos unveiled the development of a security system for IoT ecosystem. The security system comes with a new dedicated Hardware Security Module that integrates software-as-a-service with a centralized management system and with the IoT security services for a solution that is fully integrated.
Segments Covered in the Report
The global IoT integration market has been segmented on the basis of service, enterprise size, end user, and key regions. Based on service, the market is segmented into device & platform management services, application management services, advisory services, system design & architecture services, testing services, and others. Based on enterprise size, the market is segmented into SMEs and large enterprises. Based on application, the market is bifurcated into smart retail, smart building & home automation, smart healthcare, energy & utility, industrial automation, and smart transportation & logistics.
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Key questions answered in this research report:
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- At what pace is global IoT integration market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in IoT Integration Market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global IoT Integration Market?
- What is the Global IoT Integration Market size in 2019?
- Which Service generated maximum revenues in 2019 and identifies the most promising during the forecast period?
- What are the various Application areas of Global IoT Integration Market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
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Report Coverage |
Details |
| Market Revenues (2022) |
USD 2.4 billion |
| Market Base Year |
2022 |
| Market Revenues Currency |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD billion) |
| Market Segment | By Service, By Enterprise Size, By Application, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | Accenture plc, ATOS SE, DXC Technology, IBM Corporation, Deloitte Touche Tohmatsu Limited, Tata Consultancy Services, Wipro Limited, Cognizant, Capgemini SE, and Infosys Limited among others., a total of 10 companies covered. |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global IoT Integration Market by Service
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- Device & Platform Management Services
- Application Management Services
- Advisory Services
- System Design & Architecture Services
- Testing Services
- Others
Global IoT Integration Market by Enterprise Size
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- SMEs
- Large Enterprises
Global IoT Integration Market by Application
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- Smart Retail
- Smart Building & Home Automation
- Smart Healthcare
- Energy & Utility
- Industrial Automation
- Smart Transportation & Logistics
Global IoT Integration market by Region
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North America IoT Integration market (Option 1: As a part of the free 25% customization)
- By Service
- By Enterprise Size
- By Application
- US Market All-Up
- Canada Market All-Up
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Europe IoT Integration market (Option 2: As a part of the free 25% customization)
- By Service
- By Enterprise Size
- By Application
- UK market All-Up
- Germany market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
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Asia-Pacific IoT Integration market (Option 3: As a part of the free 25% customization)
- By Service
- By Enterprise Size
- By Application
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC market All-Up
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RoW IoT Integration Market (Option 4: As a part of the free 25% customization)
- By Service
- By Enterprise Size
- By Application
- Brazil Market All-Up
- South Africa market All-Up
- Saudi Arabia market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) market All-Up
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Major Players Operating in the IoT Integration market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Accenture plc
- ATOS SE
- DXC Technology
- IBM Corporation
- Deloitte Touche Tohmatsu Limited
- Tata Consultancy Services
- Wipro Limited
- Cognizant
- Capgemini SE
- Infosys Limited
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