According to research report "Internet of Things (IoT) Professional Services Market by Service Type (Consulting, Infrastructure, System Designing and Integration, Support and Maintenance, and Education and Training), Application, and Region - Global Forecast to 2023", The IoT professional services market is projected to grow from USD 79.0 billion in 2018 to USD 189.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period.
The major drivers leading to the growth of the IoT professional services market are the proliferation of connected devices across the globe and the requirement for highly customized IoT professional services in the industrial and transportation sectors.Browse 60 market data Tables and 38 Figures spread through 131 Pages and in-depth TOC on "Internet of Things (IoT) Professional Services Market - Global Forecast to 2023"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93273117Based on service type, the IoT consulting service segment is projected to lead the IoT professional services market in 2018.IoT consulting services help in refining the business processes of organizations and are used for formulating different strategies, developing use cases, planning roadmaps, assessing technologies, and framing IoT architectures.
The providers of IoT consulting services also help non-IT companies with minimal expertise to understand IoT technology.
IoT consulting services can be classified into technology consulting services, business consulting services, and operational consulting services.Based on application, the smart transport and logistics segment of the IoT professional services market is projected to grow at the highest CAGR during the forecast period.The smart transport and logistics segment of the market is projected to grow at the highest rate from 2018 to 2023.
The providers of these services require a team of technicians, especially for the development of mobile and web applications.
System designing and integration services are gaining traction in North America as companies in this region are aggressively pursuing the deployment of IoT technology.Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=93273117Accenture (Ireland), Atos SE (France), IBM Corporation (US), Capgemini (France), Cognizant (US), Happiest Minds (India), Infosys Limited (India), NTT DATA Corporation (Japan), Tata Consultancy Services Limited (India), Tech Mahindra Limited (India), Wipro Limited (India), Genpact (US), AT (US), Vodafone (UK), LUXOFT (Switzerland), and Prodapt Solutions PVT.