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Global IoT Solutions & Services Market By Services (Peak Shaving & Others.), By Solution (Generators & Others), By Application (Project & Others), By Component, By End-Users (Utilities & Others), By Region, Forecast & Opportunities to 2026

The global IoT solutions & services market is estimated to reach a value of USD 128.8 billion in 2019 and is projected to register growth at a CAGR of 11.4% during forecast period.

COVID-19 has impacted the IoT Solutions & Services market. The manufacturing industries have to shut down due to lockdown and the supply chain got disrupted due to travel restriction. The lockdown and travel restriction has adversely affected the automotive sector around the world. These factors lead to decline in adoption of IoT solutions. The pandemic leads to decline in growth of IoT solutions and services market but the market is likely to witness significant growth post COVID-19.

Definition:

IoT solution can be defined as a seamlessly integrated bundle of technologies which includes many sensors and other solutions that can be bought by companies to solve problems or to create new organizational value. Internet of Things (IoT) services can be defines as en-to-end services such as consulting, network service and infrastructure service etc.

Market Dynamics (Drivers/Opportunities):

The technologies such as drones, robots and self-driving vehicles are increasing and these technologies use wireless technology at large scale. Wireless technology plays a vital in communications. The medical devices are also equipped with wireless technologies and this increases demand for such technologies which ultimately drives growth in IoT solutions & services market during forecast period.

The adoption of IoT solutions across various verticals are increasing around the world. The LPWA networks provide low bandwidth connectivity for IoT applications in a power efficient way in order to support devices that need long battery life. This helps in increasing growth in IoT solutions and services market during forecast period.

Market Insights, by Services

On the basis of services, the IoT solutions & services market is segmented into integration & deployment, consulting, managed services and support & maintenance. The managed services segment is estimated hold largest market share during forecast period. The adoption of IoT technologies is across industries and the availability of managed services is increasing. The investment by government is also increasing in various projects such as smart cities projects and others. The demand and adoption of managed services is higher in manufacturing industry. Managed services are vital for implementing IoT solutions in manufacturing. The wide adoption of managed services boosts the growth in this segment during forecast period.

Market Insights, by End-Users

On the basis of end-users, the IoT solutions & services market is segmented into smart building, smart manufacturing, smart transportation, smart energy and connected healthcare. The smart manufacturing segment is estimated to hold largest market share during forecast period. The adoption of IoT solution is widely increasing in manufacturing sector as it helps in cost reduction and improves safety at workplace. IoT in manufacturing helps in improving production efficiency and it helps in asset tracking and management. This drives growth in smart manufacturing application during forecast period.

Regional Insights

Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The major economies in this region are India, Japan, Singapore, China and South Korea. The adoption of IoT solutions and connected devices is increasing across various industries such as transportation, energy and manufacturing in this region. The IoT solutions help these industries in overcome the challenges of data analysis, technology integration and security. This increases adoption of IoT solution and services in this region drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in IoT solutions & services are Accenture, IBM, Atos, DXC Technology, Deloitte, Cisco, Huawaei, Sierra Wireless, Microsoft, AWS, Aruba HPE, PTC, Oracle, Tech Mahindra Ltd., Infosys Ltd.,HCL Technologies, Cognizant Technology Solutions and Wipro Ltd.

Segments Covered in the Report

This report forecasts The Global IoT Solutions & Services Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global IoT solutions & services market report on the basis of component, services, solution, application and end-users.

IoT Solutions & Services Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. IoT Solutions & Services Market, By Services, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Integration & Deployment
  • Consulting
  • Managed Services
  • Support & Maintenance.
  1. IoT Solutions & Services Market, By Solution, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Cybersecurity
  • Data Analytics & Machine Learning
  • Complex Event Processing
  • Network Management
  1. IoT Solutions & Services Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Remote Asset Monitoring
  • Product Optimizing
  • Workforce Tracking
  • Safety & Emergency Management
  • Identify Access Management
  • Energy Efficiency
  • Energy Consumption
  • Remote Patient Monitoring
  • Parking Management
  • Water Management
  • Telemedicine
  • Clinical Operations Management
  • Imaging and Diagnostics
  • Energy Transmission & Distribution
  • Production Optimization
  • Cargo Tracking
  • Fleet Management
  • Warehouse Management
  1. IoT Solutions & Services Market, By Component, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Hardware
  • Solutions
  • software
  • Platform
  1. IoT Solutions & Services Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Smart Building
  • Smart Manufacturing
  • Smart Transportation
  • Smart Energy
  • Connected Healthcare
  1. IoT Solutions & Services Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Services
    • By Solution
    • By Application
    • By Component
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Services
      • By Solution
      • By Application
      • By Component
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Services
        • By Solution
        • By Application
        • By Component
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Services
          • By Solution
          • By Application
          • By Component
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Services
            • By Solution
            • By Application
            • By Component
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Wipro Ltd
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Accenture
    • IBM
    • Atos
    • DXC Technology
    • Deloitte
    • Cisco
    • Huawaei
    • Sierra Wireless
    • Microsoft
    • AWS
    • Aruba HPE
    • PTC
    • Oracle
    • Tech Mahindra Ltd.
    • Infosys Ltd.
    • HCL Technologies
    • Cognizant Technology Solutions
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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