IoT Engineering Services Market: Industry Insights, Trends And Forecast To 2032

IoT Engineering Services Market Segments

The Business Research Company segments it’s IoT engineering services market report as:

By Service Type

Product Engineering, Cloud Engineering, Experience Engineering, Analytics Services, Maintenance Services, Security Engineering

By Size Of Organization

Small Enterprises, Mid-Size Enterprises, Large Enterprises

By End Users

Healthcare, Automotive, Information Technology And Telecom, Building

Automation, Agriculture, Public Utility, Retail

By End Users

Market Statistics

The global IoT engineering services market size grew from $25.24 billion in 2022 to $31.22 billion in 2023 at a compound annual growth rate (CAGR) of 23.7%. The IoT engineering services market size is expected to grow to $71.25 billion in 2027 at a CAGR of 22.9%.

Click Here To Get A Sample Report

Key Market Drivers And Trends

Drivers

The rising demand for IoT solutions for smart manufacturing is expected to propel the IoT engineering services market

Trends

Technological advancement is a key trend gaining popularity in the IoT engineering services market.

Region

North America was the largest region in the IoT engineering services market in 2022. AsiaPacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT engineering services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Key Market Players

Major players in the IoT engineering services market are:

▪ Tata Consultancy Services

▪ Infosys Limited

▪ Cognizant

▪ Capgemini SE

▪ Wipro Limited

▪ Cisco Systems Inc

▪ And more. Get More Information On The IoT Engineering Services Market Report

5 Reasons Why TBRC Is The Solution You Need

1. Measure the impact of high global inflation on market growth

2. Outperform competitors using forecast data and the drivers and trends shaping the market

3. Get a comprehensive market sizing report with a truly global perspective covering 60+ geographies from The Business Research Company, with data from 2017 to 2023 and forecasts up to 2032.

4. Assess the Russia-Ukraine war’s impact on commodity supply and its direct and indirect impact on all the markets

5. Benchmark performance against key competitors.