Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global IoT Integration Market size is expected to reach $11.6 billion by 2028, rising at a market growth of 29.4% CAGR during the forecast period.
The Large Enterprises market dominated the Global IoT Integration Market by Organization Size in 2021, achieving a market value of $8.9 billion by 2028. It is because the IoT integration services platform is used by the major enterprise segment to enable effective management and integration of IoT devices for business operations. Large businesses are among the first to use IoT integration services. According to reports, major corporations have a greater rate of IoT integration service adoption.
The System Design & Architecture market is expected to witness a CAGR of 30.1% during (2022 - 2028). The software components required to support the system architecture are analyzed, designed, and configured as part of the system architecture and design services. The construction of new systems and the scaling of current systems are guided by system design engagement. Its enhanced system performance, offered tailored configuration guidance, and tracked how effectively system resources were being used.
The Smart Building & Home Automation market dominated the Global IoT Integration Market by Application in 2021, thereby, achieving a market value of $3.2 billion by 2028. It is due to the development of connected devices for homes and buildings is furthering the idea of "IoT home automation." With the help of IoT home automation, businesses will be able to engage with their customers to provide better service, more value, and more innovation.
The North America market dominated the Global IoT Integration Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.2 billion by 2028, growing at a CAGR of 28.5 % during the forecast period. The Europe market would showcase a CAGR of 28.6% during (2022 - 2028). Additionally, The Asia Pacific market is anticipated to grow at a CAGR of 30.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/iot-integration-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Tata Consultancy Services Ltd., Wipro Limited, Atos Group, Accenture PLC, Fujitsu Limited, Infosys Limited, Capgemini SE, HCL Technologies Ltd. (HCL Enterprises), IBM Corporation, Cognizant Technology Solutions Corporation and NTT Data Corporation.
By Organization Size
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