Quick Summary:
In this intricately evolving business environment, it is crucial for senior executives and innovators to stay one-step ahead. We bring you a comprehensive report analyzing the growth and trends in the Global Internet of Things (IoT) Professional Services Market - projected to reach a massive $199.4 billion by 2030 with a steady growth rate against the year 2022.
This report dissects prominent market segments including Consulting, predicted to record a 6% CAGR, reaching a sizable $85.8 billion by end term. Succinct details on other chief segments like Infrastructure are also provided. Not only it encapsulates the trends in dominant markets like the U.S and China, but also offers insight into potential markets across geographies like Japan and Canada. From giants like Accenture and IBM to emerging players, this report presents a competitive landscape that could inform strategic decisions. Remember, information is power. Get ready to empower your business strategy with this report.
Global Internet of Things (IoT) Professional Services Market to Reach $199.4 Billion by 2030
The global market for Internet of Things (IoT) Professional Services estimated at US$130.5 Billion in the year 2022, is projected to reach a revised size of US$199.4 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030. Consulting, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$85.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Infrastructure segment is readjusted to a revised 4.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $38.5 Billion, While China is Forecast to Grow at 4.9% CAGR
The Internet of Things (IoT) Professional Services market in the U.S. is estimated at US$38.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$34.6 Billion by the year 2030 trailing a CAGR of 4.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.Select Competitors (Total 37 Featured) -
- Accenture
- Atos
- IBM
- Capgemini
- Cognizant
- Happiest Minds
- Infosys
- NTT DATA Corporation
- Tata Consultancy Services (TCS)
- Tech Mahindra Limited
- Wipro Limited
- Genpact
- AT&T
- Vodafone
- Luxoft
- Prodapt Solutions
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- 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
What is the estimated value of the Global Market for Internet of Things (IoT) Professional Services?
What is the growth rate of the Global Market for Internet of Things (IoT) Professional Services?
What is the forecasted size of the Global Market for Internet of Things (IoT) Professional Services?
Who are the key companies in the Global Market for Internet of Things (IoT) Professional Services?
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | October 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 130.5 Billion |
| Forecasted Market Value ( USD | $ 199.4 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Accenture
- Atos
- IBM
- Capgemini
- Cognizant
- Happiest Minds
- Infosys
- NTT DATA Corporation
- Tata Consultancy Services (TCS)
- Tech Mahindra Limited
- Wipro Limited
- Genpact
- AT&T
- Vodafone
- Luxoft
- Prodapt Solutions
