IoT Integration Market Report 2021 to 2030 Globally Exploring Sales Volume Revenue and Price by Types

In a recent published report, Kenneth Research has updated the market report for IoT Integration Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for IoT Integration Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market synopsis

Global IoT integration market is expected to grow from USD 778.4 million in 2017 to USD 4,066.79 million by 2023, at a CAGR of 32.06% during the forecast period.The rise in bring your own device and remote workplace management culture in organizations, growing need for data consistency, increase in regulatory compliance and regulations, and growing traction for risk mitigation has led to growing demand for IoT integration services.  Furthermore, extending partnership agreement of IoT vendors, rise in adoption of IPAAS for secure reliable cloud integration, and growing use of API Approach for integration has further increased the importance of IoT integration services in different organizations.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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IoT integration market, by application, is segmented into smart healthcare, smart retail, smart building, energy & utilities, and smart transportation. The smart building segment dominates the IoT integration market during the forecast period owing to the increasing adoption of IoT enabled energy-saving equipment for the efficient functioning of all electrical components in a building. This segment includes control systems and smart devices for lighting, monitoring, safety and security, emergency systems, heating, ventilation and air conditioning systems, and car parking.

The key players profiled in the IoT integration market research study are Cognizant Technology Solutions Corporation (US), International Business Machines Corporation (US), NTT Data Corporation (Japan), ATOS SE (France), Dell Technologies, Inc. (US), Tata Consultancy Services Limited (India), Intel Corporation (US), Wipro Limited (India), Fujitsu Ltd. (Japan), and Accenture PLC (Ireland). These players are largely investing in inorganic growth strategies such as partnership, agreement, and acquisition to strengthen their position in the IoT integration market. For instance, in 2018, ATOS SE and Siemens AG entered into a preferred partnership to provide solution that will enable enterprises to deploy IoT applications on private Cloud.

IoT Integration Market

Source: MRFR Analysis


IoT Integration market is segmented based on services, organization size, application and region.

Based on services, the market is segmented into device and platform management, system design and architecture, advisory services, database & block storage management, application management services, third party API management services, and others.

Based on organization size, the market is bifurcated into large enterprises and small & medium enterprises (SMEs).

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Based on application, the market is segmented into smart healthcare, smart retail, smart building, energy & utilities, and smart transportation.

By region, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.

Regional analysis

The global market for IoT integration is estimated to grow at a notable rate during the forecast period from 2018 to 2023. The geographical analysis of IoT integration market is done for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the IoT integration market from 2018 to 2023 owing to early adoption of trending technologies such as IoT, big data, DevOps, and mobility by the end-users in the region. Furthermore, there is high concentration of market players and easy availability of proficient technical expertise. The region is estimated to grow at the highest CAGR during the forecast period.

Competitive Analysis

The IoT integration market has witnessed the high demand for unifying interconnected mesh of heterogeneous devices that are located across different geographies having different communications protocols, varied network, and numerous applications. Key players are adopting strategies such as partnerships, agreements, and collaborations to increase their shares in the global IoT integration market. XX% of the total company developments were a part of partnership & collaboration whereas, new product launches and product enhancements accounted for XX% of the total strategic developments adopted by the key players in the market.

Key players

The prominent players in the IoT integration market have been identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The major vendors of the market are Tata Consultancy Services Limited (India), Wipro Limited (India), ATOS SE (France), Accenture PLC (Ireland), Fujitsu Ltd. (Japan), Infosys Limited (India), Capgemini SE (France), HCL Technologies Limited (India), SoftDEL (US), Tech Mahindra Limited (India), Meshed (Australia), Intel Corporation (US), MuleSoft (US), DXC Technology (US), International Business Machines Corporation (US), Cognizant Technology Solutions Corporation (US), NTT Data Corporation (Japan), Phitomas (Malaysia), and Allerin (US).

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Intended Audience

IoT platform providers

IoT integration service providers

Managed service providers

Communication service providers

Application providers

Network-as-a-Service providers

Third-party system integrators

Hardware vendors

Regulatory agencies


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