IoT Professional Services Market to Reach $158.28 Billion by 2021 - Demand For Highly Customized IoT Services in the Industrial & Transportation Sector - Research-and-Markets
21 Mar, 2017, 12:15 GMT
DUBLIN, Mar 21, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Internet of Things (IoT) Professional Services Market - Global Forecast to 2021" report to their offering.
The IoT professional services market size is expected to grow from USD 57.18 Billion in 2016 to USD 158.28 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 22.6% during the period 2016-2021.
The major drivers for upsurge in demand for market include rising trend of adopting IoT professional services to reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), demand for highly customized IoT services in the industrial and transportation sector, and increasing adoption of digital transformation services in organization by opting specialized IoT business and technology consulting services.
The scope of this report covers the IoT professional services market analysis by services, applications, and regions. The system designing and integration services is expected to grow at the highest CAGR during the forecast period. These services support the design and implementation of IoT solutions across enterprises. The service providers deploy the latest IoT technology to improve the operational performance and gain a smarter enterprise.
IoT consulting services is expected to have the highest market share in the IoT professional services market. The consulting services team ensure interoperability and develop & implement the right IoT applications and architecture for the business or clients. The key benefits of IoT technology consulting services include better align technology to the organization's needs, realize business benefits in a timely fashion, reduce costs of compliance & risk management, security concerns, sketch an infrastructure plan, and enhance the internal functionality. The growth of IoT consulting services is attributed to the increase in the adoption of the technology, connected devices, and automation.
A few of the restraining factors that affect the growth of the market include slow growth rate in the initial period of market forecast and limited availability of technically skilled personnel.
Companies Mentioned:
- Accenture PLC (Dublin, Ireland)
- Atos SE (Besons, France)
- Capgemini S.A. (Paris, France)
- Cognizant Technology Solutions Corporation (New Jersey, U.S.)
- IBM Corporation (New York, U.S.)
- Infosys Limited (Karnataka, India)
- NTT DATA Corporation (Tokyo, Japan)
- Tata Consultancy Services Limited (Maharashtra, India)
- Tech Mahindra Limited (Maharashtra, India)
- Wipro Limited (Karnataka, India)
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 IoT Professional Services Market Analysis, By Service Type
8 IoT Professional Services Market Analysis, By Application
9 IoT Professional Services Market Analysis, By Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/cqlpxz/internet_of
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SOURCE Research and Markets