The global market for Internet of Things (IoT) Professional Services was estimated at US$157.6 Billion in 2024 and is projected to reach US$222.5 Billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Internet of Things (IoT) Professional Services market.
Global Internet of Things (IoT) Professional Services Market - Key Trends and Drivers Summarized
How Are Internet of Things (IoT) Professional Services Empowering Digital Transformation?
The Internet of Things (IoT) professional services market plays a pivotal role in helping businesses implement, manage, and optimize their IoT ecosystems. As organizations embrace IoT to enhance operations, they often face challenges in deployment, integration, and maintenance due to the complexity of interconnected devices and data management systems. IoT professional services bridge this gap by providing expert consultation, integration, and support. These services cover everything from planning and designing IoT architectures to managing device connectivity and ensuring scalability. Professional services also assist organizations in optimizing their IoT investments through continuous monitoring, troubleshooting, and performance enhancements, making them indispensable in the IoT landscape.What Technologies Are Driving the Evolution of IoT Professional Services?
The rapid advancement of technologies such as edge computing, artificial intelligence (AI), and cloud computing has greatly enhanced IoT professional services. Edge computing allows data to be processed closer to the source, reducing latency and improving decision-making, which professional services help deploy and manage. AI-driven analytics enable real-time insights from vast IoT data streams, providing businesses with actionable intelligence. Furthermore, the integration of cloud platforms with IoT solutions offers scalability and flexibility, allowing professional service providers to implement and maintain IoT systems remotely. These technological innovations are pushing the boundaries of IoT professional services by enabling more efficient, cost-effective, and secure IoT solutions.How Do Market Segments Define the Growth of IoT Professional Services?
Service types include consulting, integration, and support and maintenance, with consulting services leading the market as companies seek expert guidance on implementing complex IoT architectures. Industry verticals such as manufacturing, healthcare, retail, and smart cities are the primary adopters of IoT professional services, with manufacturing leading the market due to its focus on automation and process optimization. Geographically, North America and Europe dominate the market due to early adoption of IoT technologies, while the Asia-Pacific region is witnessing rapid growth due to industrial expansion and smart city initiatives.What Factors Are Driving the Growth in the IoT Professional Services Market?
The growth in the IoT professional services market is driven by several factors, including the increasing complexity of IoT systems, the growing demand for operational efficiency, and advancements in edge computing and AI technologies. As businesses continue to adopt IoT, the need for professional services to manage integration, scalability, and data security has become critical. Additionally, the rise of smart cities, industrial automation, and connected healthcare is fueling demand for consulting and implementation services. Technological innovations in AI and cloud computing are further accelerating market growth by enabling more efficient and scalable IoT solutions that require expert management and support.SCOPE OF STUDY:
The report analyzes the Internet of Things (IoT) Professional Services market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Type (Consulting, Infrastructure, System Designing & Integration, Other Types); Application (Smart Transport & Logistics, Smart Buildings, Smart Manufacturing, Smart Healthcare, Smart Retail, Smart Energy)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Consulting segment, which is expected to reach US$94.8 Billion by 2030 with a CAGR of a 6.4%. The Infrastructure segment is also set to grow at 5.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $43.5 Billion in 2024, and China, forecasted to grow at an impressive 5.5% CAGR to reach $34.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Internet of Things (IoT) Professional Services Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Internet of Things (IoT) Professional Services Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Internet of Things (IoT) Professional Services Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Accenture, Atos, IBM, Capgemini, Cognizant and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 37 companies featured in this Internet of Things (IoT) Professional Services market report include:
- 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
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections,
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | July 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 157.6 Billion |
| Forecasted Market Value ( USD | $ 222.5 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
