DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Internet of Things (IoT) Professional Services Market - Global Forecast to 2021" report to their offering.
The Internet of Things (IoT) professional services market size is expected to grow from USD 57.18 billion in 2016 to USD 158.28 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 22.6% during the period 2016-2021.
The major drivers for upsurge in demand for the IoT professional services market include rising trend of adopting IoT professional services to reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), demand for highly customized IoT services in the industrial and transportation sector, and increasing adoption of digital transformation services in organizations by opting specialized IoT business and technology consulting services. The system designing and integration services segment is expected to grow at the highest CAGR during the forecast period. These services support the design and implementation of IoT solutions across enterprises. The service providers deploy the latest IoT technology to improve the operational performance and gain a smarter enterprise.
The smart transportation and logistics segment is expected to have the largest market share and estimated to grow at the highest CAGR during the forecast period. Smart transportation and logistics is all about integrating advanced technologies with the existing transportation and logistics infrastructure, delivering real-time online information about the traffic flow, tracking of the assets, and passengers/commuters. IoT professional services help the transport and logistic vendors to achieve automation by deploying the IoT technological solutions. The increasing requirement for analytics, security, logistics management, inventory management, digitalization, high volume networking, and increase in the overall operations and responsiveness drives the smart transportation and logistics management.
- Accenture PLC (Dublin, Ireland)
- Atos SE (Besons, France)
- Capgemini S.A. (Paris, France)
- Cognizant Technology Solutions Corporation (New Jersey, U.S.)
- IBM Corporation (New York, U.S.)
- Infosys Limited (Karnataka, India)
- NTT DATA Corporation (Tokyo, Japan)
- Tata Consultancy Services Limited (Maharashtra, India)
- Tech Mahindra Limited (Maharashtra, India)
- Wipro Limited (Karnataka, India)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 IoT Professional Services Market Analysis, By Service Type
8 IoT Professional Services Market Analysis, By Application
9 IoT Professional Services Market Analysis, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/dclcj2/internet_of