Internet of Things (IoT) Engineering Services: Global Strategic Business Report

Global Internet of Things (IoT) Engineering Services Market to Reach $117.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Internet of Things (IoT) Engineering Services estimated at US$30.2 Billion in the year 2020, is projected to reach a revised size of US$117.6 Billion by 2027, growing at a CAGR of 21.4% over the analysis period 2020-2027. Product Engineering, one of the segments analyzed in the report, is projected to record a 22.8% CAGR and reach US$31.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cloud Engineering segment is readjusted to a revised 21.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $9 Billion, While China is Forecast to Grow at 20.9% CAGR

The Internet of Things (IoT) Engineering Services market in the U.S. is estimated at US$9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$20.5 Billion by the year 2027 trailing a CAGR of 20.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.3% and 18.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.8% CAGR.

Experience Engineering Segment to Record 19.3% CAGR

In the global Experience Engineering segment, USA, Canada, Japan, China and Europe will drive the 19.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$9.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 36 Featured) -

Accenture PLC
AGT
Arrow Sustainable Technology Solutions
AT&T
Atos SE
Bosch
Capgemini
CGI
Cisco
Cognizant
Dell Technologies Inc
Deloitte
EPAM Systems, Inc
Ericsson
Globecomm
Harman International Industries
Infosys
Integron
Jetter AG
Lochbridge Inc
Luxoft Holding Inc
NIIT Technologies
NTT Data Corporation
Rogers Communication Inc
Tata Consultancy Services
Tech Mahindra
Tech Mahindra
Tieto Corporation
Verizon Enterprise Solutions
Virtusa Corporation
Vodafone Global PLC
Wind River

What's New for 2022?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Frequently Asked Questions about the Global Market for Internet of Things (IoT) Engineering Services

What is the estimated value of the Global Market for Internet of Things (IoT) Engineering Services?

The Global Market for Internet of Things (IoT) Engineering Services was estimated to be valued at $30.2 Billion in 2020.

What is the growth rate of the Global Market for Internet of Things (IoT) Engineering Services?

The growth rate of the Global Market for Internet of Things (IoT) Engineering Services is 21.4%, with an estimated value of $117.6 Billion by 2027.

What is the forecasted size of the Global Market for Internet of Things (IoT) Engineering Services?

The Global Market for Internet of Things (IoT) Engineering Services is estimated to be worth $117.6 Billion by 2027.

Who are the key companies in the Global Market for Internet of Things (IoT) Engineering Services?

Key companies in the Global Market for Internet of Things (IoT) Engineering Services include Accenture PLC, AGT, Arrow Sustainable Technology Solutions, AT&T, Atos SE, Bosch, Capgemini, CGI and Cognizant.

Report Attribute	Details
No. of Pages	92
Published	October 2022
Forecast Period	2020 - 2027
Estimated Market Value ( USD ) in 2020	$ 30.2 Billion
Forecasted Market Value ( USD ) by 2027	$ 117.6 Billion
Compound Annual Growth Rate	21.4%
Regions Covered	Global

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Internet of Things (IoT) Engineering Services - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 2: World 7-Year Perspective for Internet of Things (IoT) Engineering Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
Table 3: World Recent Past, Current & Future Analysis for Product Engineering by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 4: World 7-Year Perspective for Product Engineering by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
Table 5: World Recent Past, Current & Future Analysis for Cloud Engineering by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 6: World 7-Year Perspective for Cloud Engineering by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
Table 7: World Recent Past, Current & Future Analysis for Experience Engineering by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 8: World 7-Year Perspective for Experience Engineering by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
Table 9: World Recent Past, Current & Future Analysis for Analytics Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 10: World 7-Year Perspective for Analytics Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
Table 11: World Recent Past, Current & Future Analysis for Maintenance Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 12: World 7-Year Perspective for Maintenance Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
Table 13: World Recent Past, Current & Future Analysis for Security Engineering by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 14: World 7-Year Perspective for Security Engineering by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
Table 15: World Recent Past, Current & Future Analysis for Other Service Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 16: World 7-Year Perspective for Other Service Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
Table 17: World Internet of Things (IoT) Engineering Services Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027

III. MARKET ANALYSIS

UNITED STATES

Internet of Things (IoT) Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
Table 18: USA Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 19: USA 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

CANADA

Table 20: Canada Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 21: Canada 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

JAPAN

Internet of Things (IoT) Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Table 22: Japan Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 23: Japan 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

CHINA

Internet of Things (IoT) Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
Table 24: China Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 25: China 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

EUROPE

Internet of Things (IoT) Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Table 26: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 27: Europe 7-Year Perspective for Internet of Things (IoT) Engineering Services by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Table 28: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 29: Europe 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

FRANCE

Internet of Things (IoT) Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
Table 30: France Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 31: France 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

GERMANY

Internet of Things (IoT) Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Table 32: Germany Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 33: Germany 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

ITALY

Table 34: Italy Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 35: Italy 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

UNITED KINGDOM

Internet of Things (IoT) Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
Table 36: UK Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 37: UK 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

REST OF EUROPE

Table 38: Rest of Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 39: Rest of Europe 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

ASIA-PACIFIC

Internet of Things (IoT) Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Table 40: Asia-Pacific Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 41: Asia-Pacific 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

REST OF WORLD

Table 42: Rest of World Recent Past, Current & Future Analysis for Internet of Things (IoT) Engineering Services by Service Type - Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 43: Rest of World 7-Year Perspective for Internet of Things (IoT) Engineering Services by Service Type - Percentage Breakdown of Value Sales for Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering and Other Service Types for the Years 2021 & 2027

IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

Accenture PLC
AGT
Arrow Sustainable Technology Solutions
AT&T
Atos SE
Bosch
Capgemini
CGI
Cisco
Cognizant
Dell Technologies Inc
Deloitte
EPAM Systems, Inc
Ericsson
Globecomm
Harman International Industries
Infosys
Integron
Jetter AG
Lochbridge Inc
Luxoft Holding Inc
NIIT Technologies
NTT Data Corporation
Rogers Communication Inc
Tata Consultancy Services
Tech Mahindra
Tech Mahindra
Tieto Corporation
Verizon Enterprise Solutions
Virtusa Corporation
Vodafone Global PLC
Wind River

Global Internet of Things (IoT) Engineering Services Market to Reach $117.6 Billion by 2027

The U.S. Market is Estimated at $9 Billion, While China is Forecast to Grow at 20.9% CAGR

Experience Engineering Segment to Record 19.3% CAGR

Select Competitors (Total 36 Featured) -

What's New for 2022?

What is the estimated value of the Global Market for Internet of Things (IoT) Engineering Services?

What is the growth rate of the Global Market for Internet of Things (IoT) Engineering Services?

What is the forecasted size of the Global Market for Internet of Things (IoT) Engineering Services?

Who are the key companies in the Global Market for Internet of Things (IoT) Engineering Services?

Table of Contents

Companies Mentioned

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