How big is the IoT Professional Services Market?

The IoT Professional Services Market size is expected to reach USD 128.71 billion in 2024 and grow at a CAGR of 7.01% to reach USD 180.61 billion by 2029. Read More

What is the current IoT Professional Services Market size?

In 2024, the IoT Professional Services Market size is expected to reach USD 128.71 billion. Read More

Who are the key players in IoT Professional Services Market?

IBM Corporation, AT&T Inc., General Electric Company, Atos SE and Accenture PLC are the major companies operating in the IoT Professional Services Market. Read More

Which is the fastest growing region in IoT Professional Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in IoT Professional Services Market?

In 2024, the North America accounts for the largest market share in IoT Professional Services Market. Read More

What years does this IoT Professional Services Market cover, and what was the market size in 2023?

In 2023, the IoT Professional Services Market size was estimated at USD 119.69 billion. The report covers the IoT Professional Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the IoT Professional Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

IoT Professional Services Market Analysis | Industry Report, Size & Growth Trends

IoT Professional Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The IoT Professional Services Market is Segmented by Service Type (IoT Consulting, Iot Infrastructure, System Designing and Integration, Support and Maintenance, Education and Training), Organization Size (Small and Medium-Sized Enterprises (SMEs), Large Enterprises), End-User Industry (Manufacturing, Retail, Healthcare, Energy and Utilities, Transportation and Logistics), and Geography (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

IoT Professional Services Industry Overview

The competitive rivalry in the IoT professional services market remains high due to the presence of various global and local players. A few of the prominent players include IBM Corporation, General Electric Company, AT&T Inc., and GE. Through strategic partnerships, mergers, and acquisitions, the players in the market are actively gaining a more substantial footprint.

In April 2023, Ericsson, a Swedish telecom equipment manufacturer, finished transferring its IoT Accelerator (IoT-A) and Connected Vehicle Cloud (CVC) operations to Aeris, a prominent IoT solution provider. The firms believe that the combined capabilities allow for the global deployment and management of IoT programs at a new level of scale, reliability, and security.

In January 2023, Mobica, a provider of IoT software engineering services with its headquarters in Manchester, United Kingdom, agreed to be acquired by Cognizant, a prominent American IT services firm. Mobica's services include the whole software development life cycle, focusing on clients' strategic internal research and development initiatives and core expertise in embedded software development, implementation, testing, and deployment. This acquisition considerably broadens Cognizant's IoT-embedded software engineering capabilities and offers clients a broader range of end-to-end support to facilitate digital transformation.