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Global Internet of Things (IoT) Integration Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Internet of Things (IoT) Integration Market value is expected to reach $12.74 billion growing at a CAGR of 31.1% during 2023-2030.IoT integration refers to the services that businesses hire to make IoT devices work effectively. Many businesses are choosing cloud-based integration systems to implement digital transformation, which enables the IoT integration industry to grow quickly. To automate processes and use analytics for insights, integration enables the collection of data from smart devices and its transfer into business applications.
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Asia Pacific is projected to have the highest CAGR over the forecast period. The Asia-Pacific region accounts for a sizable portion of the global IoT integration market share and currently prevalent market trends. Due to the rapid adoption of IoT-based devices across a wide range of industrial verticals and the increasing number of government initiatives in developing economies to improve connectivity and propel market growth, Asia-Pacific is the region with the fastest-growing IoT integration market.
Some of the key players in IoT Integration market include Aeris, Allerin Tech Pvt Ltd, Capgemini SE, Cognizant Technology Solutions Corporation, Dell Technologies Inc., Deloitte, HCL Technologies Ltd., IBM Corporation, Infosys Limited, Intel Corporation, International Business Machines Corporation, Macrosoft Inc., NTT Data Corporation, Phitomas, Tata Consultancy Services Ltd., Tech Mahindra Limited, Tibbo Systems, Timesys Corporation and Wipro Limited.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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