Information and Communication Technology IoT Integration Market is projected to grow up to 28.3% CAGR during the forecasting period...


IoT Integration Market is projected to grow up to 28.3% CAGR during the forecasting period 2021-2027.

IoT integration refers to the services that suppliers offer to ensure that multiple IoT devices run smoothly. An integration platform must be able to handle a wide range of integration patterns, as well as patterns unique to data sources including the cloud, legacy systems, and trade partners. Integration is useful for obtaining data from smart devices and transmitting it to business applications so that processes may be automated and insights gained through analytics. Integrating all of this data with the rest of the company is crucial to realising its full potential. Manufacturing, healthcare, transportation, energy, retail, and hospitality are all businesses that are constantly developing, and IoT integration provides features that match competitive scenarios. The Intelligent Integration Platform bridges the gap between standard IoT communication protocols, platforms, and analytics and the corporate stack, enhancing agility, innovation, and decision-making.

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Key Driving Factors: Rise In Demand For Data Consistency.

For a successful digital transformation, companies are turning to sophisticated technologies like the Internet of Things (IoT), AI/Machine Learning (ML), and cloud services. The insights gained via data analysis are utilised to generate actionable measures that can enhance the business; as a result, the adoption rate of IoT devices is growing throughout the world, boosting the need for IoT device integration services. The Internet of Things (IoT) allows for two-way, real-time communication between objects and systems. IoT creates a large volume of data that must be properly stored, handled, and evaluated. The rise of BYOD culture and remote workplace management has been fuelled by advancements in IoT technologies and wearable devices. Furthermore, the industry is being driven by the demand for data consistency in businesses. In addition, the market is being fuelled by the expansion of IoT vendor partnership agreements and the rising usage of API method for integration in businesses.

This report offers the major market player’s profiles, such as  TCS Limited (India), DXC Technology (US), Wipro Limited (India), Atos SE (France), Accenture (Ireland), Fujitsu Ltd. (Japan), Infosys Limited (India), Capgemini (France), HCL Technologies Limited (India), Tech Mahindra Limited (India), , IBM Corporation (US), Cognizant (US), NTT Data Corporation (Japan), Dell EMC (US), Deloitte (US), Mulesoft LLC (US), Allerin Tech Pvt Ltd (India), Softdel (US), Phitomas (Malaysia), Einfochips (US), Timesys Corporation (US), Tibbo Systems (China), Aeris (US), Macrosoft Inc. (US), and Damco (US).

Opportunities:

Several companies practice a multi-vendor outsourcing model to offer technological solutions to their clients, such as machine learning, the Internet of Things, and blockchain. These service providers also assist companies in increasing efficiency by providing integration throughout the digital life cycle, resulting in end-to-end benefits. IoT integration service providers can provide integrated solutions and services to help companies connect their data management and integration strategies with their strategic goals in order to improve overall efficiency.

The Global IoT Integration Market report has been categorized as below

By Component

  • Solution

  • Service

By Services

  • Advisory Services

  • Database & Block Storage Management Services

  • Device & Platform Management Services

  • Infrastructure & Workload Management Services

  • Network Protocol Management Services

  • Service Provisioning & Directory Management Services

  • System Design & Architecture Services

  • Testing Services

  • Third Party API Management Services

By Application

  • Smart Building and Home Automation

  • Smart Healthcare

  • Energy and Utilities

  • Industrial Manufacturing and Automation

  • Smart Retail

  • Smart Transportation, Logistics, and Telematics

By Deployment

  • On-Premise

  • Cloud

By Region

  • North America

  • Europe

  • Asia Pacific

  • Rest of World

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Published Date : July-2021