IoT Integration Market Synopsis

IoT Integration Market Size Was Valued at USD 3.9 Billion in 2023, and is Projected to Reach USD 37.3 Billion by 2032, Growing at a CAGR of 28.5% From 2024-2032.

The IoT Integration Market can be defined as the act of connecting numerous IoT systems or applications, products, applications, and services together, and allowing them to interface with each other within the IoT ecosystem. It means that IoT integration defines how these elements –and other elements like sensors, software, networks and platform– can effectively work together to provide the intended information and automation, as well as better decision making. As the bridge between devices and applications, it is essential for a wide variety of verticals, including manufacturing, healthcare, smart city, and agriculture, etc., to ensure the normal operation of IoT systems.

•  The IoT Integration Market has grown fast as various industries around the world invest in the IoT technology to enhance efficiency, cut costs and improve productivity. Given the current explosion of the number of connected things and the volumes of the data that they produce businesses are in search of ways for IoT systems to fit into their environments. Such a demand for IoT integration services is being driven by developments in IoT connectivity like 5G, cloud and Artificial Intelligence (AI). These technologies allow communication between devices, systems, as well as applications and thus, IoT integration is a significant foundation within the larger context of IoT.
•  Furthermore, the market is expected to increase even more as organizations need to deal with the complexity of IoT structures.. Internet of things integration services help in managing working processes, performing tasks, and getting valuable information instantaneously. The growing requirement of smart solutions in various other sectors like transportation, energy, and health care sectors is pushing the market growth up to the extent that companies are looking forward to making their operations and customer satisfaction smart.

IoT Integration Market Trend Analysis

Edge Computing Integration in IoT

•  The most notable future developments being observed in the global IoT Integration Market is in the area of edge computing integration with IoT systems.. Edge computing is then the capability to analyze data close to the source of data helping in minimizing latency. This trend necessary in applications like self-driving cars, industries, and health care application that requires real-time data processing. The integration of edge computing with IoT advancements enhances efficiency and lessens the workload of other centralized server structures and can help businesses to adopt IoT solutions more effectively and expandingly.

Smart Cities Driving IoT Integration

•  ADAS is evolving at an incredibly high pace and offers a humongous market opportunity for the IoT Integration Market.. Smart city solutions combine a number of IoT devices and services for improving quality of life, optimizing the use of resources as well as public plentiful services. The IoT technology is widely used by governments and municipalities globally in such areas as smart grids, traffic management, and smart waste management. The growing importance of sustainability, smart energy, and smart cities has engendered a great demand for IoT integration services since cities generate massive amounts of data that can only be handled by complicated IoT systems.

IoT Integration Market Segment Analysis:

IoT Integration Market Segmented on the basis of Service, Size and Industry Vertical.

By Service, device and platform management segment is expected to dominate the market during the forecast period

•  In 2023, the device and platform segment was the largest, where the IoT Integration Market share was above 29%.. This dominance is due to the fact that management of devices as well as platforms provides the foundation for IoT ecosystem in functional integration. With the growing adoption of connected devices in industries, the ability of managing these devices from configuration to monitoring, update and security have become critical. This segment would continue to keep its dominance during the sum of the forecast period provided due to service offerings that facilitate IoT infrastructure maintenance to enhance its control. This growth will be occasioned by increasing need for scalability reliability and security in managing various IoT platforms and networks.

By Size, large enterprises segment registered the largest revenue share in 2023.

•  The large enterprises segment was the largest revenue generating segment in the IoT Integration Market in 2023.. This is mainly because IoT integration solutions are well resourced organizations that can afford to invest heavily in IoT solutions. Industry players from different industries specifically manufacturing, health care and transportation industry have embraced Internet of Things technology due to its importance in large organizations. The large and growing number of advanced large-scale IoT projects supported by a lack of integrated solution to manage countless devices, platforms, and data have established this segment as the industry leader. Moreover, the security and compliance needs, as well as the need for real-time analysis of the collected data, is even higher especially in large-scale enterprises — such factors make large enterprises specific and important market segment for IoT integration solutions.

IoT Integration Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

•  The forecast of the upcoming year, namely 2023, suggests that North America will form the major share of the IoT Integration Market, subsequently the global market, due to its development of technological infrastructure, continuous use of IoT technologies, and increased spending on digital transformation.. IOT Market is driven by Strategic IoT players, Startup pool, and supportive Government policies for IoT Solutions Everywhere. The report also notes that North America will capture about 40% of the global market for IoT integration, which is fronted by the U.S.

Active Key Players in the IoT Integration Market

• Accenture plc (Ireland)
• Atos SE (France)
• Capgemini SE (France)
• Cisco Systems, Inc. (United States)
• Cognizant Technology Solutions (United States)
• DXC Technology (United States)
• Fujitsu Limited (Japan)
• HCL Technologies (India)
• IBM Corporation (United States)
• Infosys Limited (India)
• Microsoft Corporation (United States)
• SAP SE (Germany)
• Tata Consultancy Services (India)
• Tech Mahindra Limited (India)
• Wipro Limited (India)
• Other key Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: IoT Integration Market by Service
 4.1 IoT Integration Market Snapshot and Growth Engine
 4.2 IoT Integration Market Overview
 4.3 Device & Platform Management
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Device & Platform Management: Geographic Segmentation Analysis
 4.4 System Design & Architecture
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 System Design & Architecture: Geographic Segmentation Analysis
 4.5 Advisory Services
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Advisory Services: Geographic Segmentation Analysis
 4.6 Database & Block Storage Management
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Database & Block Storage Management: Geographic Segmentation Analysis
 4.7 Third Party API Management Services
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Third Party API Management Services: Geographic Segmentation Analysis
 4.8 Others
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 Others: Geographic Segmentation Analysis

Chapter 5: IoT Integration Market by Size
 5.1 IoT Integration Market Snapshot and Growth Engine
 5.2 IoT Integration Market Overview
 5.3 Large Enterprises
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Large Enterprises: Geographic Segmentation Analysis
 5.4 Small & Medium Enterprises
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Small & Medium Enterprises: Geographic Segmentation Analysis

Chapter 6: IoT Integration Market by Industry Vertical
 6.1 IoT Integration Market Snapshot and Growth Engine
 6.2 IoT Integration Market Overview
 6.3 Consumer Electronics
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Consumer Electronics: Geographic Segmentation Analysis
 6.4 Wearable Devices
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Wearable Devices: Geographic Segmentation Analysis
 6.5 Other
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Other: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 IoT Integration Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 ACCENTURE PLC (IRELAND)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 ATOS SE (FRANCE)
 7.4 CAPGEMINI SE (FRANCE)
 7.5 CISCO SYSTEMS INC (UNITED STATES)
 7.6 COGNIZANT TECHNOLOGY SOLUTIONS (UNITED STATES)
 7.7 DXC TECHNOLOGY (UNITED STATES)
 7.8 FUJITSU LIMITED (JAPAN)
 7.9 HCL TECHNOLOGIES (INDIA)
 7.10 IBM CORPORATION (UNITED STATES)
 7.11 INFOSYS LIMITED (INDIA)
 7.12 MICROSOFT CORPORATION (UNITED STATES)
 7.13 SAP SE (GERMANY)
 7.14 TATA CONSULTANCY SERVICES (INDIA)
 7.15 TECH MAHINDRA LIMITED (INDIA)
 7.16 WIPRO LIMITED (INDIA)
 7.17 OTHER KEY PLAYERS

Chapter 8: Global IoT Integration Market By Region
 8.1 Overview
 8.2. North America IoT Integration Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Service
  8.2.4.1 Device & Platform Management
  8.2.4.2 System Design & Architecture
  8.2.4.3 Advisory Services
  8.2.4.4 Database & Block Storage Management
  8.2.4.5 Third Party API Management Services
  8.2.4.6 Others
  8.2.5 Historic and Forecasted Market Size By Size
  8.2.5.1 Large Enterprises
  8.2.5.2 Small & Medium Enterprises
  8.2.6 Historic and Forecasted Market Size By Industry Vertical
  8.2.6.1 Consumer Electronics
  8.2.6.2 Wearable Devices
  8.2.6.3 Other
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
 8.3. Eastern Europe IoT Integration Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Service
  8.3.4.1 Device & Platform Management
  8.3.4.2 System Design & Architecture
  8.3.4.3 Advisory Services
  8.3.4.4 Database & Block Storage Management
  8.3.4.5 Third Party API Management Services
  8.3.4.6 Others
  8.3.5 Historic and Forecasted Market Size By Size
  8.3.5.1 Large Enterprises
  8.3.5.2 Small & Medium Enterprises
  8.3.6 Historic and Forecasted Market Size By Industry Vertical
  8.3.6.1 Consumer Electronics
  8.3.6.2 Wearable Devices
  8.3.6.3 Other
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Bulgaria
  8.3.7.2 The Czech Republic
  8.3.7.3 Hungary
  8.3.7.4 Poland
  8.3.7.5 Romania
  8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe IoT Integration Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Service
  8.4.4.1 Device & Platform Management
  8.4.4.2 System Design & Architecture
  8.4.4.3 Advisory Services
  8.4.4.4 Database & Block Storage Management
  8.4.4.5 Third Party API Management Services
  8.4.4.6 Others
  8.4.5 Historic and Forecasted Market Size By Size
  8.4.5.1 Large Enterprises
  8.4.5.2 Small & Medium Enterprises
  8.4.6 Historic and Forecasted Market Size By Industry Vertical
  8.4.6.1 Consumer Electronics
  8.4.6.2 Wearable Devices
  8.4.6.3 Other
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 Netherlands
  8.4.7.5 Italy
  8.4.7.6 Russia
  8.4.7.7 Spain
  8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific IoT Integration Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Service
  8.5.4.1 Device & Platform Management
  8.5.4.2 System Design & Architecture
  8.5.4.3 Advisory Services
  8.5.4.4 Database & Block Storage Management
  8.5.4.5 Third Party API Management Services
  8.5.4.6 Others
  8.5.5 Historic and Forecasted Market Size By Size
  8.5.5.1 Large Enterprises
  8.5.5.2 Small & Medium Enterprises
  8.5.6 Historic and Forecasted Market Size By Industry Vertical
  8.5.6.1 Consumer Electronics
  8.5.6.2 Wearable Devices
  8.5.6.3 Other
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
 8.6. Middle East & Africa IoT Integration Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Service
  8.6.4.1 Device & Platform Management
  8.6.4.2 System Design & Architecture
  8.6.4.3 Advisory Services
  8.6.4.4 Database & Block Storage Management
  8.6.4.5 Third Party API Management Services
  8.6.4.6 Others
  8.6.5 Historic and Forecasted Market Size By Size
  8.6.5.1 Large Enterprises
  8.6.5.2 Small & Medium Enterprises
  8.6.6 Historic and Forecasted Market Size By Industry Vertical
  8.6.6.1 Consumer Electronics
  8.6.6.2 Wearable Devices
  8.6.6.3 Other
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkey
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
 8.7. South America IoT Integration Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Service
  8.7.4.1 Device & Platform Management
  8.7.4.2 System Design & Architecture
  8.7.4.3 Advisory Services
  8.7.4.4 Database & Block Storage Management
  8.7.4.5 Third Party API Management Services
  8.7.4.6 Others
  8.7.5 Historic and Forecasted Market Size By Size
  8.7.5.1 Large Enterprises
  8.7.5.2 Small & Medium Enterprises
  8.7.6 Historic and Forecasted Market Size By Industry Vertical
  8.7.6.1 Consumer Electronics
  8.7.6.2 Wearable Devices
  8.7.6.3 Other
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research