IoT Integration size estimation by company share Analysis

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IoT integration refers to the services that are provided by the vendors for the efficient functioning of IoT devices. Advancements in the IoT technology and wearable devices, coupled with the rise in the BYOD culture in organizations and remote workplace management, are the prime factor driving the growth of the IoT integration market. Further, the emergence of Internet Protocol version 6 (IPv6) and the need to increase operational efficiency also fuel the demand for the IoT integration market growth.

The rapid development of wireless technologies, growing government regulators that support the growth of data integration with various devices and applications are the major drivers for the growth of the IoT integration market during the forecast period. However, security and safety concerns and lack of interconnectivity and interoperability standards may restrain the IoT integration market growth. Moreover, maturing partner agreements of IoT vendors, the rise of adoption of IPAAS, the need for data consistency in enterprises, and the rising use of API approach for integration in organizations are expected to influence the IoT integration market demand in the coming years.

The global IoT integration market is segmented on the basis of service, enterprise size, end-user. On the basis of service the market is segmented as device and platform management services, application management services, advisory services, system design and architecture, testing services, service provisioning and directory management, third party API management services, database and block storage management services, network management services, infrastructure and workload management services. On the basis of enterprise size the market is segmented as SMEs, large enterprises. On the basis of end-user the market is segmented as smart building and home automation, smart healthcare, energy and utilities, industrial manufacturing and automation, smart retail, smart transportation, logistics and telematics.

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