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Internet of Things (IoT) Integration Market Worth 3,301.7 Million USD by 2022


News provided by

MarketsandMarkets

05 Jul, 2017, 15:00 GMT

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PUNE, India, July 5, 2017 /PRNewswire/ --

According to a new market research report "Internet of Things (IoT) Integration Market by Service (Device and Platform Management, System Design and Architecture, Advisory Services), Organization Size, Application Area (Smart Healthcare, Smart Retail), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the global IoT Integration Market size is expected to grow from USD 759.5 Million in 2017 to USD 3,301.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 34.2%.

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Browse 39 market data tables and 42 figures spread through 132 pages and in-depth TOC on "Internet of Things (IoT) Integration Market"

http://www.marketsandmarkets.com/Market-Reports/iot-integration-market-169191050.html

Early buyers will receive 1
0% customization on this report

The major forces driving the growth of the IoT Integration Market include the growth of the Bring Your Own Device (BYOD) trend and the need for remote workplace management. Moreover, the increasing demands for data consistency and growing regulatory compliances and regulations are also some of the factors that are driving the market growth.

The system design and architecture services segment is expected to be the fastest growing service in the IoT Integration Market during the forecast period. 

System design and architecture services involve the analysis, design, and configuration of the software components that support the system architecture. System design engagement typically provides advice for sizing of new systems and scaling of existing systems. It provides improved system performance, offers tailored configuration advice, and monitors the capability usage of system resources. Service providers also design and offer customized services as per client requirement and budget. These customized services help manage business workflows and improve business efficiency for commercial customers.

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The smart building and home automation application area is expected to hold the largest market share in the IoT Integration Market during the forecast period. 

Smart buildings comprise energy-saving equipment for the efficient functioning of all components and systems of a building, including lighting, monitoring, safety and security, emergency systems, heating, ventilation and air conditioning systems, and car parking. The concept of smart buildings has gained prominence due to the increasing adoption of IoT solutions and services. IoT-enabled smart buildings offer enhanced features such as operations personalization, in-building device mobility, occupant comfort, and indoor activities automation. IoT home automation systems utilize control systems and smart devices to automatically control and manage basic home functions over the internet from any location.

North America is expected to have the largest market share in the IoT integration market during the forecast period. 

North America is expected to hold the largest market share and dominate the IoT integration market during the forecast period. The region has the presence of major sustainable and well-established economies who invest substantially in Research and Development (R&D) activities, thereby contributing to the development of new technologies. The early adoption of trending technologies such as IoT, big data, DevOps, and mobility has boosted the overall growth of the IoT integration market in North America. Moreover, North America is technologically developed and a number of government initiatives have been adopted in the region. Smart cities, Industrial Internet of Things (IIoT), and digitalization are also fueling the growth of the IoT Integration Market in the North American region. Data driven enterprises in North America are adopting IoT-based systems over legacy systems. IoT integration services play a vital role in integrating and managing the interoperability between new systems and legacy systems.

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The major vendors in the IoT Integration Market include Infosys (India), HCL (India), TCS (India), Capgemini (France), and Cognizant (US), Wipro (India), Atos SE (France), Intel Corporation (US), MuleSoft (US), SoftDEL (US), Phitomas (Malaysia), Meshed (Australia), and Allerin (US).

Browse Related Reports 

Internet of Things (IoT) Market by Software Solution (Real-Time Streaming Analytics, Security Solution, Data Management, Remote Monitoring, and Network Bandwidth Management), Service, Platform, Application Area, and Region - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/internet-of-things-market-573.html

Service Integration and Management (SIAM) Market by Solution (Business Solutions, Technology Solutions), Service (Advisory, Implementation, and Automation), Organization Size, Vertical, and Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/service-integration-management-market-243697815.html

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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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