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IoT engineering services market

  • Street: Omkar Heights,, Sinhagad Road,, Manik Baug, Vadgaon Bk,, Pune, Maharashtra 411051, India.
  • City: pune
  • State: maharashtra
  • Country: India
  • Zip/Postal Code: 411051
  • Listed: February 8, 2019 1:24 pm
  • Expires: 18 days, 5 hours


IoT engineering services market is expected to reach US$ XX Bn in 2026 from US$ XX Bn in 2017, at a CAGR of XX%.

Internet of things refers to the connection of the devices or the data that are interlinked through the internet. In this multiple devices are connected through the internet. It consists of sharing of data through the various software and the hardware. The data is shared through the operating system, it also provides information about the current working environment and the surrounding system. With the advent of technology, there has been a need to provide proper and precise information across the user interface. These are the ways in which this is performed.

The growing need for reduced system troubleshooting and enhanced operational efficiency, the increasing requirement of risk mitigation to minimize the data loss, the increasing adoption of micro-services, and the accelerating Social, Mobile, Analytics, and Cloud (SMAC) technologies are said to be driving the market growth. However, the market faces challenges in terms of device management across billions of connected devices.The IoT engineering services marketThe IoT engineering services market report can be broadly classified on the basis of service types, end users, verticals, and regions. The security engineering service type is expected to have the fastest growth rate during the forecast period. Security engineering is a process of designing and developing an array of security technologies and monitoring the solutions to detect and prevent attacks. The team develops solutions that help organizations in empowering their security technologies to protect an organization’s or a user’s personal and professional data from cyber threats. These benefits are expected to lead the growth of the IoT engineering services market in the coming years.

The healthcare vertical is expected to grow at the highest CAGR in the IoT engineering services market during the forecast period. Connected healthcare devices enable healthcare organizations to streamline the operations and business processes, and aid in real-time patient care, even from remote locations. These connected devices in the field of healthcare could lead to a savings of 15–20% in the health expenditure; thus, there is a large integration of IoT engineering services into healthcare organizations’ functioning systems and infrastructure. IoT engineering services provide in-depth knowledge about the benefits and features that the new service would offer for the patients and caretakers. IoT engineering services are applied in key areas of the healthcare vertical. The key areas include recording devices, healing or therapeutic appliances, radiology apparatus, respiratory devices, in-vitro devices, and diagnostics and monitoring devices.

Currently, Asia pacific is rapidly growing in this sector and has the maximum rate of expansion. The fragmented competition among the players in this region has fuelled the growth. The IoT service providers are looking at expanding the base of their services to most of the countries in the region, because of the improving infrastructure and other business strategic moves. Due to the rapid growth in the technological innovations and the increased usage of connected devices, organizations have started investing in advanced security services. This, in turn, is expected to provide growth opportunities for the IoT engineering service vendors during the forecast period.

The IoT engineering services ecosystem comprises service providers, some of the service providers are TCS (India), Wipro (India), Aricent (US), IBM (US), Capgemini (France), Happiest Minds (India), Infosys (India), eInfochips (US), Cognizant (US), and Tech Mahindra (India) and RapidValue (US) among others.

The scope of the Report

By Service Type

• Product Engineering
o Connected Devices Engineering
o Software Engineering

• Cloud Engineering
o DevOps Engineering
o Cloud Architecture
o Embedded Platform Engineering
o Testing and Validation

• Experience Engineering
o User Interface (UI) Design
o Human Machine Interface (HMI) Engineering
o Experience Planning and Assessment

• Analytics Services

• Maintenance Services

• Security Engineering

• Others

By End User
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

By Vertical
• Automotive
• Aerospace and Defense
• Healthcare
• Transportation and Logistics
• IT and Telecom
• Industrial Manufacturing
• Energy and Utilities
• Others

By Region
• North America
• Europe
• Latin America

Key Players:

Harman International Industries
Tech Mahindra
Tieto Corporation
Virtusa Corporation
Tata Consultancy Services •
Vodafone Global PLC
Accenture PLC
Atos SE
NTT Data Corporation
Tech Mahindra
Luxoft Holding Inc
EPAM Systems, Inc
NIIT Technologies

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Listing ID: 2225c5d82f289b19

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