Internet of Things (IoT) integration integrates connected devices and computing systems across Information Technology (IT) and Operation technology (OT). An IoT integration service connects enterprise data across various nodes and creates a contextual and holistic view of user and operational data. The global IoT integration market is expected to rise with a CAGR of 35% during the forecast period 2016-2023. Growth of BYOD and remote workplace management is adding growth in the global IoT integration market during the forecast period. The benefits of IoT integration includes reduced implementation risks and costs and it also shortens time to market for IoT based products. This adds growth in the global IoT integration market during the forecast period.
Adoption of Bring Your Own Device and remote workplace management is contributing to the growth of the global IoT integration market during the forecast period. BYOD enables the employee to bring their personal devices such as laptops, tablets, and smart phones to the business organization and to use the devices for accessing privileged company information and applications. This is an emerging trend in the business sector and enables IoT integration. This fuels growth in the global IoT integration market during the forecast period.
Source: OBRC Analysis
The report on global Internet of Things integration market is segmented on the basis of its segments which include service, organization size and applications.
The services in Internet of Things integration include:
- Advisory services
- Application management services
- Database and block storage management services
- Device and platform management services
- Infrastructure and workload management services
- Network protocol management services
- Service provisioning and directory management services
- System design and architecture services
- Testing services
- Third party API management services
Organization size segment of Internet of Things integration market is divided as:
- Large enterprises
- Small and medium enterprise
The applications of Internet of Things integration include:
- Energy and Utilities
- Industrial manufacturing and automation
- Smart building and Home automation
- Smart healthcare
- Smart retail
- Smart transportation, logistics and telematics
The report scope is widely categorized on the basis of its segments such as service, organization size and applications. Moreover, the market revenue estimates and forecast includes only the Internet of Things integration systems. However, report scope excludes management systems.
Geographically, the global Internet of Things integration market report has been segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America accounted for the largest market share in terms of revenue for the Internet of Things integration market in 2016 and the region is expected to dominate the market during the forecast period. The dominance of the region is witnessed due to the presence of major sustainable and well established economies who invest in Research and Development activities, hence contributing to the development of new technologies. Moreover, early adoption of technologies such as IoT, big data, mobility etc. has boosted the overall growth of the Internet of Things integration market in the region. Smart cities, digitalization and Industrial Internet of Things (IIoT) are also adding growth in the IoT integration market during the forecast period. Furthermore, Asia Pacific is expected to be the fastest growing region for Internet of Things integration market during the forecast period owing to technological developments in the field of information and technology.
Global Internet of Things integration market report covers segmentation analysis of service, organization size and applications. The services in Internet of Things integration include advisory services, application management services, database and block storage management services, device and platform management services, infrastructure and workload management services, network protocol management services, service provisioning and directory management services, system design and architecture services, testing services and third party API management services. System design and architecture services held the largest market share for the global Internet of Things integration market and it is expected to dominate the market during the forecast period owing to improved system performance. It involves analysis, configuration and design of software components that support the system architecture. It provides scaling of existing systems and sizing of new systems. It monitors the capability usage of the system resources, manages business workflows and enhances business efficiency. Organization size segment of Internet of Things integration market is divided as large enterprises and small & medium enterprise. Furthermore, the applications of Internet of Things integration include energy and utilities, industrial manufacturing and automation, smart building and home automation, smart healthcare, smart retail, and smart transportation, logistics & telematics. Smart building and home automation held the largest market share for the global Internet of Things integration market and it is expected to dominate the market during the forecast period owing to increasing adoption of IoT solutions and services. IoT enabled smart buildings offer advanced features such as in building device mobility, indoor activities automation, personalization and occupant comfort. It uses control systems and smart devices to manage and control home functions over internet independent of the location automatically.
The major market players of the global Internet of Things integration market are:
- CAPGENINI
- COGNIZANT
- ALLERIN
- MESHED
- SOFTDEL
- OTHERS
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launch whereas, mergers, partnerships and acquisitions is the key strategy adopted by the companies in the global Internet of Things integration market.
For example: In 2017, Prodea Systems acquired Arrayent. The major aim of this acquisition was to deliver integrated Internet of Things services platform. This platform is able to absorb data from an array of IoT devices and sensors before further transformation. This improves consumer and enterprise applications.
The report covers detailed analysis of companies which comprises of overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in the global Internet of Things integration market.
Key reasons to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023 of the global Internet of Things integration market.
- Report includes detailed analysis of different segments such as service, organization size and applications and end users of the global Internet of Things integration market.
- Identify and understand the strength, opportunities, challenges and threat of the global Internet of Things integration market during the forecast period.
- Covers details analysis of Porters 5 force model and other strategic models. Also covers revenues, market share analysis, and competitive landscape analysis of major players of the global Internet of Things integration market.
- Detailed analysis of various the regulatory policies which are affecting the global Internet of Things integration market during the forecast period.
How are we different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on the global Internet of Things integration market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the global Internet of Things integration market, with giving extensive SCOT analysis of key companies.
Key findings of the global Internet of Things integration market:
- Growth of BYOD and remote workplace management is adding growth in the global IoT integration market during the forecast period.
- North America held highest revenue share in 2016 and is expected to dominate the market during the forecast period.
- System design and architecture services are expected to dominate the global IoT integration market during the forecast period owing to improved system performance.
- Acquisition is the key strategy adopted by players of the global IoT integration market.