IoT Engineering Services Market Challenges, Analysis and Forecast to 2030

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IoT engineering services market size is presently valued at USD 29.53 Billion, and is poised to amplify at a CAGR of 24.5% reaching a value of USD 170.46 Billion by 2030.

The secondary research sources used to identify and gather the data for this technical, market-focused, and commercial study of the IoT engineering services market included IT services associations, IoT service journals, and databases, such as DB Hoovers, Bloomberg Businessweek, and Factiva. This is how the research methodology used to estimate and forecast the IoT engineering services got started.

Along with the growing importance of IoT across industries and organisations, the global market for IoT engineering services has been growing. The Internet of Things (IoT) is a broad field of activity that has made it possible to streamline corporate procedures and lessen a number of unnecessary headaches. IoT has grown admirably during the past ten years, and the services it provides have emerged as the leading indicators of growth for businesses and organisations. The need for businesses to remain relevant in the modern environment is predicted to increase demand for IoT engineering services on the global market. One of the key factors driving demand for IoT engineering services globally is business worries about security.

Global IoT engineering services market- Segmental Analysis

By Service Type

  • Product Engineering

          o   Connected Devices Engineering

  • Mobile application development
  • Protocol and component development
  • Prototype testing and validation
  • System integration

o   Software Engineering

  • Cloud Engineering

o   DevOps Engineering

o   Cloud Architecture

o   Embedded Platform Engineering

  • Platform migration
  • Middleware development

o   Testing and Validation

  • Experience Engineering

o   User Interface (UI) Design

o   Human Machine Interface (HMI) Engineering

o   Experience Planning and Assessment

  • Analytics Services
  • Maintenance Services
  • Security Engineering
  • Others (data design, and engineering and simulation)

By Vertical

  • Automotive
  • Aerospace and Defense
  • Healthcare
  • Transportation and Logistics
  • IT and Telecom
  • Industrial Manufacturing
  • Energy and Utilities
  • Others (retail; construction; Banking, Financial Services, and Insurance (BFSI); and agriculture

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Top Key Players:-

  • Aricent
  • Wipro
  • Capgemini
  • IBM
  • Happiest Minds
  • Infosys
  • Cognizant Technology Solutions
  • Infosys Technologies Pvt. Ltd.
  • Einfochips
  • Rapidvalue
  • Tech Mahindra
  • Prodapt Solutions
  • Cisco System, Inc.
  • Dell Technologies
  • Harman International Industries
  • Tieto Corporation
  • Virtusa Corporation
  • Accenture PLC
  • Luxoft Holding, Inc.
  • EPAM Systems, Inc.
  • NIIT Technologies

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Frequently Asked Questions (FAQ):

  1. What are the key factors driving the market?
  2. Which are the top companies in the IoT Engineering Services market?
  3. Which region held the maximum market share of the IoT Engineering Services market and why?

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