The Global Internet of Things (IoT) Integration Market evaluates leading trends and their industry growth through the market will reach Volume Million USD in 2019 with CAGR 35.03% during the forecast period 2019-2027. The reports explore the Global Internet of Things (IoT) Integration Industry application as well as forecast data decision makers.
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ReportsnReports bring a detailed market analysis report on the Internet of Things IoT Integration Market 2019-2027. The analysis report is helpful to understand the worldwide and provincial market circumstances and to determine how the market will develop.
The Internet of Things IoT Integration Market report has been established by professional players having profound learning, knowledge, attention to assist every organization during this business to accomplish their favored market position. The report provides showcase investigation up to 2027.
Global Internet of Things IoT Integration market was valued at $XX million in 2018 and is estimated to generate net revenue of approximately $XX million by 2027, rising at a CAGR of 35.03% during the forecast period 2019-2027. With the proliferation of IoT & connected devices coupled with changing the industrial & commercial landscape, the need for IoT integration services has grown invariably.
Internet of Things IoT Integration Market Top Key Player Analysis:
Capgemini SE, Softdel, Intel Corporation, Cognizant Technology Solutions Corporation, Ayla Networks Inc., Deloitte Touche Tohmatsu Limited, Allerin, Accenture PLC, Tibbo Systems, Phitomas, HCL Technologies Limited, Smartbear Software Inc. (acquired by Francisco Partner), International Business Machines Corporation (IBM), Meshed Group, ATOS SE, Tech Mahindra Limited, Mulesoft Inc., Infosys Limited, Wipro Limited, Tata Consultancy Services Limited (TCS), and NTT Data Corporation are some of the players engaged in this market.
Internet of Things IoT Integration Market Insight Analysis:
Increased adoption of Bring Your Own Device (BYOD) & remote workplace management is expected to be the key reason that is positively influencing the growth of the global IoT integration market. Increasing adoption of BYOD culture has added values to organizations as it allows the employees to access emails, business data & databases on their personal devices such as smartphones & laptops, which can help companies to cut their hardware & service costs.
Though the IoT Integration market has numerous growth drivers, market growth is curtailed by certain challenges. Data security & privacy concerns & lack of standards for interconnectivity & interoperability are factors that are delaying the market growth.
Rising data security & privacy concerns are lowering the adoption of IoT which is hindering the global IoT integration market.
Internet of Things IoT Integration Market Regional Analysis:
Region wise, the market is fragmented into Europe, Asia-Pacific, North America, and the remaining countries constitutively formed the Rest of the World regional segment. The Asia Pacific region is showing significant development due to government initiatives like “Made in China 2025” and “Digital India.” These initiatives are aimed at comprehensively emphasizing on intelligent manufacturing that refers to the use of information technology in production.
The region of North America, however, dominated the global market in 2018. Its market growth is chiefly driven by increasing digitalization, the emergence of smart cities, and the growing Industrial Internet of Things (IIoT).