PUBLISHER: Grand View Research | PRODUCT CODE: 1575191
PUBLISHER: Grand View Research | PRODUCT CODE: 1575191
IoT Integration Market Size, Share & Trends Analysis Report By Services, By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By Industry Vertical, By Region, And Segment Forecasts, 2024 - 2030
IoT Integration Market Size & Trends:
The global IoT integration market size was estimated at USD 3.83 billion in 2023 and is projected to grow at a CAGR of 28.3% from 2024 to 2030. The proliferation of connected devices, the rise of smart cities, advancements in AI and machine learning, increased focus on cybersecurity, and the emergence of edge computing are driving the market growth. Additionally, the growing emphasis on data-driven decision-making is driving market expansion, leading to increased investments in IoT platforms. These platforms collect data and offer tools for analysis and visualization, empowering businesses to make informed decisions based on real-time information. This trend is expected to fuel market growth in the coming years.
Furthermore, businesses and consumers are adopting a wide range of IoT devices, from smart home gadgets to industrial sensors, thereby enhancing the need for seamless integration between these devices. This proliferation demands robust integration solutions that can ensure interoperability, streamline data flow, and enable comprehensive device management. The surge in connected devices is expected to continue, driven by advancements in technology and the increasing adoption of IoT across sectors such as healthcare, manufacturing, and smart cities, which is expected to further fuel the market growth.
In addition, the growing demand for automation across industries such as manufacturing, logistics, and healthcare is boosting the market demand. The increasing focus of companies to enhance operational efficiency, reduce costs, and improve productivity, is accelerating the adoption of IoT technologies. Automation through IoT allows for real-time monitoring and control of processes, enabling organizations to respond swiftly to changes in their environment. This trend is expected to further fuel the market growth in coming years.
The integration of IoT devices in smart cities is revolutionizing urban environments by creating interconnected systems that boost efficiency and sustainability. IoT-enabled infrastructures gather real-time data from various sources, such as traffic sensors, environmental monitors, and public service systems, enabling city planners to make informed decisions based on analytics. This data-driven approach enhances urban planning by optimizing traffic management with adaptive signal control systems, reducing congestion and emissions. This trend is expected to expand further, driven by the growing demand for smarter solutions that enhance quality of life and operational efficiency.
Moreover, the increasing complexity of IoT ecosystems is driving the need for advanced IoT integration solutions that can handle the complexities of connecting different technologies. This is particularly distinct in large-scale deployments where seamless integration is critical to maintaining system reliability and performance, which is expected to fuel the market expansion in coming years. In addition, organizations are prioritizing IoT integration solutions that include robust security measures to protect their networks and ensure compliance with data protection regulations. This emphasis on security is expected to contribute to significant adoption of comprehensive IoT integration services.
Global IoT Integration Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global IoT Integration market report based on services, enterprise size, industry vertical, and region:
- Services Outlook (Revenue, USD Billion, 2018 - 2030)
- Device And Platform Management
- System Design And Architecture
- Advisory Services
- Database & Block Storage Management
- Third Party API Management Services
- Others
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
Chapter 3. IoT Integration Enterprise Size Market - Industry Outlook
Chapter 4. IoT Integration Market: Services Estimates & Trend Analysis
Chapter 5. IoT Integration Market: Enterprise Size Estimates & Trend Analysis
Chapter 6. IoT Integration Market: Industry Vertical Estimates & Trend Analysis
Chapter 7. Regional Estimates & Trend Analysis
Chapter 8. IoT Integration Market - Competitive Landscape
List of Tables
- Table 1 IoT Integration Market - Key Market Driver Impact
- Table 2 Global IoT Integration Market - Key Market Restraint Impact
- Table 3 Global IoT Integration Market - Key Market Opportunities
- Table 4 Global IoT Integration Market - Key Market Challenges
- Table 5 IoT Integration Market Revenue Estimates and Forecast, By Services, 2018 - 2030 (USD Billion)
- Table 6 IoT Integration Market Revenue Estimates and Forecast, By Enterprise Size, 2018 - 2030 (USD Billion)
- Table 7 IoT Integration Market Revenue Estimates and Forecast, By Industry Vertical, 2018 - 2030 (USD Billion)
- Table 8 Recent Developments & Impact Analysis, By Key Market Participants
- Table 9 Company Heat Map Analysis
- Table 10 Key Companies Launching New Products
- Table 11 Key Companies Pursuing Expansions
- Table 12 Key Companies Pursuing Mergers & Acquisitions
List of Figures
