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IoT Engineering Services-Global Market Insights and Sales Trends 2025
Synopsis
The market is said to be driven by the growing need for reduced system troubleshooting and enhanced operational efficiency, the increasing requirement of risk mitigation to minimize the data loss, the increasing adoption of micro services, and the accelerating Social, Mobile, Analytics, and Cloud (SMAC)technologies.
The global IoT Engineering Services market size is expected to reach US$ 44280 million by 2029, growing at a CAGR of 19.8% from 2023 to 2029. The market is mainly driven by the significant applications of IoT Engineering Services in various end use industries. The expanding demands from the Medical, Transportation And Logistics, IT, Communication and Industrial Production, are propelling IoT Engineering Services market. Product Engineering, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Cloud & Platform Engineering segment is estimated at % CAGR for the next seven-year period.
The number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for IoT Engineering Services, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global IoT Engineering Services market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global IoT Engineering Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, IoT Engineering Services sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of IoT Engineering Services covered in this report include ARICENT, WIPRO, CAPGEMINI, IBM, TCS, HAPPIEST MINDS, INFOSYS, COGNIZANT and EINFOCHIPS, etc.
The global IoT Engineering Services market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ARICENT
WIPRO
CAPGEMINI
IBM
TCS
HAPPIEST MINDS
INFOSYS
COGNIZANT
EINFOCHIPS
RAPIDVALUE
TECH MAHINDRA
PRODAPT SOLUTIONS
Global IoT Engineering Services market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global IoT Engineering Services market, Segment by Type:
Product Engineering
Cloud & Platform Engineering
UI/UX Design
Analytics
Global IoT Engineering Services market, by Application
Medical
Transportation And Logistics
IT, Communication
Industrial Production
Energy, Utilities
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of IoT Engineering Services companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The market is said to be driven by the growing need for reduced system troubleshooting and enhanced operational efficiency, the increasing requirement of risk mitigation to minimize the data loss, the increasing adoption of micro services, and the accelerating Social, Mobile, Analytics, and Cloud (SMAC)technologies.
The global IoT Engineering Services market size is expected to reach US$ 44280 million by 2029, growing at a CAGR of 19.8% from 2023 to 2029. The market is mainly driven by the significant applications of IoT Engineering Services in various end use industries. The expanding demands from the Medical, Transportation And Logistics, IT, Communication and Industrial Production, are propelling IoT Engineering Services market. Product Engineering, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Cloud & Platform Engineering segment is estimated at % CAGR for the next seven-year period.
The number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for IoT Engineering Services, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global IoT Engineering Services market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global IoT Engineering Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, IoT Engineering Services sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of IoT Engineering Services covered in this report include ARICENT, WIPRO, CAPGEMINI, IBM, TCS, HAPPIEST MINDS, INFOSYS, COGNIZANT and EINFOCHIPS, etc.
The global IoT Engineering Services market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ARICENT
WIPRO
CAPGEMINI
IBM
TCS
HAPPIEST MINDS
INFOSYS
COGNIZANT
EINFOCHIPS
RAPIDVALUE
TECH MAHINDRA
PRODAPT SOLUTIONS
Global IoT Engineering Services market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global IoT Engineering Services market, Segment by Type:
Product Engineering
Cloud & Platform Engineering
UI/UX Design
Analytics
Global IoT Engineering Services market, by Application
Medical
Transportation And Logistics
IT, Communication
Industrial Production
Energy, Utilities
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of IoT Engineering Services companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of IoT Engineering Services
1.1 IoT Engineering Services Market Overview
1.1.1 IoT Engineering Services Product Scope
1.1.2 IoT Engineering Services Market Status and Outlook
1.2 Global IoT Engineering Services Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global IoT Engineering Services Market Size by Region (2018-2029)
1.4 Global IoT Engineering Services Historic Market Size by Region (2018-2023)
1.5 Global IoT Engineering Services Market Size Forecast by Region (2024-2029)
1.6 Key Regions, IoT Engineering Services Market Size (2018-2029)
1.6.1 North America IoT Engineering Services Market Size (2018-2029)
1.6.2 Europe IoT Engineering Services Market Size (2018-2029)
1.6.3 Asia-Pacific IoT Engineering Services Market Size (2018-2029)
1.6.4 Latin America IoT Engineering Services Market Size (2018-2029)
1.6.5 Middle East & Africa IoT Engineering Services Market Size (2018-2029)
2 IoT Engineering Services Market by Type
2.1 Introduction
2.1.1 Product Engineering
2.1.2 Cloud & Platform Engineering
2.1.3 UI/UX Design
2.1.4 Analytics
2.2 Global IoT Engineering Services Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global IoT Engineering Services Historic Market Size by Type (2018-2023)
2.2.2 Global IoT Engineering Services Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America IoT Engineering Services Revenue Breakdown by Type (2018-2029)
2.3.2 Europe IoT Engineering Services Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific IoT Engineering Services Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America IoT Engineering Services Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa IoT Engineering Services Revenue Breakdown by Type (2018-2029)
3 IoT Engineering Services Market Overview by Application
3.1 Introduction
3.1.1 Medical
3.1.2 Transportation And Logistics
3.1.3 IT, Communication
3.1.4 Industrial Production
3.1.5 Energy, Utilities
3.1.6 Other
3.2 Global IoT Engineering Services Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global IoT Engineering Services Historic Market Size by Application (2018-2023)
3.2.2 Global IoT Engineering Services Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America IoT Engineering Services Revenue Breakdown by Application (2018-2029)
3.3.2 Europe IoT Engineering Services Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific IoT Engineering Services Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America IoT Engineering Services Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa IoT Engineering Services Revenue Breakdown by Application (2018-2029)
4 IoT Engineering Services Competition Analysis by Players
4.1 Global IoT Engineering Services Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in IoT Engineering Services as of 2022)
4.3 Date of Key Players Enter into IoT Engineering Services Market
4.4 Global Top Players IoT Engineering Services Headquarters and Area Served
4.5 Key Players IoT Engineering Services Product Solution and Service
4.6 Competitive Status
4.6.1 IoT Engineering Services Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ARICENT
5.1.1 ARICENT Profile
5.1.2 ARICENT Main Business
5.1.3 ARICENT IoT Engineering Services Products, Services and Solutions
5.1.4 ARICENT IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.1.5 ARICENT Recent Developments
5.2 WIPRO
5.2.1 WIPRO Profile
5.2.2 WIPRO Main Business
5.2.3 WIPRO IoT Engineering Services Products, Services and Solutions
5.2.4 WIPRO IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.2.5 WIPRO Recent Developments
5.3 CAPGEMINI
5.3.1 CAPGEMINI Profile
5.3.2 CAPGEMINI Main Business
5.3.3 CAPGEMINI IoT Engineering Services Products, Services and Solutions
5.3.4 CAPGEMINI IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.3.5 IBM Recent Developments
5.4 IBM
5.4.1 IBM Profile
5.4.2 IBM Main Business
5.4.3 IBM IoT Engineering Services Products, Services and Solutions
5.4.4 IBM IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.4.5 IBM Recent Developments
5.5 TCS
5.5.1 TCS Profile
5.5.2 TCS Main Business
5.5.3 TCS IoT Engineering Services Products, Services and Solutions
5.5.4 TCS IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.5.5 TCS Recent Developments
5.6 HAPPIEST MINDS
5.6.1 HAPPIEST MINDS Profile
5.6.2 HAPPIEST MINDS Main Business
5.6.3 HAPPIEST MINDS IoT Engineering Services Products, Services and Solutions
5.6.4 HAPPIEST MINDS IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.6.5 HAPPIEST MINDS Recent Developments
5.7 INFOSYS
5.7.1 INFOSYS Profile
5.7.2 INFOSYS Main Business
5.7.3 INFOSYS IoT Engineering Services Products, Services and Solutions
5.7.4 INFOSYS IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.7.5 INFOSYS Recent Developments
5.8 COGNIZANT
5.8.1 COGNIZANT Profile
5.8.2 COGNIZANT Main Business
5.8.3 COGNIZANT IoT Engineering Services Products, Services and Solutions
5.8.4 COGNIZANT IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.8.5 COGNIZANT Recent Developments
5.9 EINFOCHIPS
5.9.1 EINFOCHIPS Profile
5.9.2 EINFOCHIPS Main Business
5.9.3 EINFOCHIPS IoT Engineering Services Products, Services and Solutions
5.9.4 EINFOCHIPS IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.9.5 EINFOCHIPS Recent Developments
5.10 RAPIDVALUE
5.10.1 RAPIDVALUE Profile
5.10.2 RAPIDVALUE Main Business
5.10.3 RAPIDVALUE IoT Engineering Services Products, Services and Solutions
5.10.4 RAPIDVALUE IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.10.5 RAPIDVALUE Recent Developments
5.11 TECH MAHINDRA
5.11.1 TECH MAHINDRA Profile
5.11.2 TECH MAHINDRA Main Business
5.11.3 TECH MAHINDRA IoT Engineering Services Products, Services and Solutions
5.11.4 TECH MAHINDRA IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.11.5 TECH MAHINDRA Recent Developments
5.12 PRODAPT SOLUTIONS
5.12.1 PRODAPT SOLUTIONS Profile
5.12.2 PRODAPT SOLUTIONS Main Business
5.12.3 PRODAPT SOLUTIONS IoT Engineering Services Products, Services and Solutions
5.12.4 PRODAPT SOLUTIONS IoT Engineering Services Revenue (US$ Million) & (2018-2023)
5.12.5 PRODAPT SOLUTIONS Recent Developments
6 North America
6.1 North America IoT Engineering Services Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe IoT Engineering Services Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific IoT Engineering Services Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America IoT Engineering Services Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa IoT Engineering Services Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 IoT Engineering Services Market Dynamics
11.1 IoT Engineering Services Industry Trends
11.2 IoT Engineering Services Market Drivers
11.3 IoT Engineering Services Market Challenges
11.4 IoT Engineering Services Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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