PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1617682
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1617682
IoT Professional Services Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2030)
Market Overview
The IoT professional services market is projected to grow from USD 132.5 billion in 2024 to USD 194.8 billion by 2030, witnessing a steady CAGR of 6.6% during 2025-2030. The growing adoption of IoT technologies across industries like manufacturing, retail, healthcare, and transportation is driving the demand for professional services to assist with implementation, consulting, and system integration. Businesses increasingly rely on IoT professional services to streamline operations, enhance decision-making, and maximize the ROI from IoT solutions.
Rapid advancements in edge computing, AI and ML integration, and increasing need for data governance are key factors accelerating market growth. Additionally, the complexity of IoT deployments, coupled with rising security concerns, is prompting organizations to seek specialized expertise through professional services.
Key Insights
Market Segmentation:
By service type, the IoT consulting category holds the largest market share of 40% in 2024. This dominance is driven by the growing demand for ROI analysis, business case development, and strategic planning to implement IoT ecosystems effectively.
The system design and integration segment is the fastest-growing, attributed to its critical role in ensuring seamless interoperability, customization, and operational optimization of IoT systems across industries.
The cloud-based deployment category leads the market, contributing 70% revenue in 2024, owing to its scalability, cost efficiency, and ability to support remote IoT management and analytics. Meanwhile, on-premises deployments continue to appeal to organizations prioritizing data security and control.
End-User Trends:
The manufacturing sector dominates with a 55% market share, driven by the rising demand for predictive maintenance, asset tracking, and quality control solutions. The ongoing adoption of Industry 4.0 practices and smart factories further strengthens this segment.
The healthcare and energy & utilities sectors are witnessing rapid growth due to the increasing deployment of IoT for remote patient monitoring, smart grids, and energy optimization solutions.
Regional Analysis:
North America leads the IoT professional services market, attributed to its early adoption of IoT, strong IT infrastructure, and the presence of key industry players. The U.S., in particular, remains a hub for innovation and deployment of IoT solutions.
Asia-Pacific is the fastest-growing region, fueled by rapid industrialization, smart city projects, and the increasing use of IoT technologies across industries in countries like China, Japan, and India.
Europe is also witnessing steady growth, driven by advancements in IoT platforms, increased focus on data privacy regulations, and investments in smart energy solutions.
Technological Advancements:
The integration of AI and ML with IoT solutions is revolutionizing data analytics, enabling organizations to extract actionable insights and improve decision-making processes. Additionally, advancements in edge computing and cloud technologies are enhancing the scalability and efficiency of IoT deployments, further driving the demand for professional services.
Competitive Landscape:
The market is fragmented, with major players focusing on service innovation, partnerships, and the development of industry-specific solutions. As IoT deployments become increasingly complex, companies are offering end-to-end professional services to address challenges like system integration, cybersecurity, and data governance. This growing demand presents significant opportunities for IoT professional service providers to expand their market presence and deliver value-driven solutions.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by service type
- 1.4.2. Market size breakdown, by deployment type
- 1.4.3. Market size breakdown, by organization
- 1.4.4. Market size breakdown, by end user
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Service Type (2019-2030)
- 6.3. Market Revenue, by Deployment Type (2019-2030)
- 6.4. Market Revenue, by Organization (2019-2030)
- 6.5. Market Revenue, by End User (2019-2030)
- 6.6. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Service Type (2019-2030)
- 7.3. Market Revenue, by Deployment Type (2019-2030)
- 7.4. Market Revenue, by Organization (2019-2030)
- 7.5. Market Revenue, by End User (2019-2030)
- 7.6. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Service Type (2019-2030)
- 8.3. Market Revenue, by Deployment Type (2019-2030)
- 8.4. Market Revenue, by Organization (2019-2030)
- 8.5. Market Revenue, by End User (2019-2030)
- 8.6. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Service Type (2019-2030)
- 9.3. Market Revenue, by Deployment Type (2019-2030)
- 9.4. Market Revenue, by Organization (2019-2030)
- 9.5. Market Revenue, by End User (2019-2030)
- 9.6. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Service Type (2019-2030)
- 10.3. Market Revenue, by Deployment Type (2019-2030)
- 10.4. Market Revenue, by Organization (2019-2030)
- 10.5. Market Revenue, by End User (2019-2030)
- 10.6. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Service Type (2019-2030)
- 11.3. Market Revenue, by Deployment Type (2019-2030)
- 11.4. Market Revenue, by Organization (2019-2030)
- 11.5. Market Revenue, by End User (2019-2030)
- 11.6. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Service Type (2019-2030)
- 12.3. Market Revenue, by Deployment Type (2019-2030)
- 12.4. Market Revenue, by Organization (2019-2030)
- 12.5. Market Revenue, by End User (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Service Type (2019-2030)
- 13.3. Market Revenue, by Deployment Type (2019-2030)
- 13.4. Market Revenue, by Organization (2019-2030)
- 13.5. Market Revenue, by End User (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Service Type (2019-2030)
- 14.3. Market Revenue, by Deployment Type (2019-2030)
- 14.4. Market Revenue, by Organization (2019-2030)
- 14.5. Market Revenue, by End User (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Service Type (2019-2030)
- 15.3. Market Revenue, by Deployment Type (2019-2030)
- 15.4. Market Revenue, by Organization (2019-2030)
- 15.5. Market Revenue, by End User (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Service Type (2019-2030)
- 16.3. Market Revenue, by Deployment Type (2019-2030)
- 16.4. Market Revenue, by Organization (2019-2030)
- 16.5. Market Revenue, by End User (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Service Type (2019-2030)
- 17.3. Market Revenue, by Deployment Type (2019-2030)
- 17.4. Market Revenue, by Organization (2019-2030)
- 17.5. Market Revenue, by End User (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Service Type (2019-2030)
- 18.3. Market Revenue, by Deployment Type (2019-2030)
- 18.4. Market Revenue, by Organization (2019-2030)
- 18.5. Market Revenue, by End User (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Service Type (2019-2030)
- 19.3. Market Revenue, by Deployment Type (2019-2030)
- 19.4. Market Revenue, by Organization (2019-2030)
- 19.5. Market Revenue, by End User (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Service Type (2019-2030)
- 20.3. Market Revenue, by Deployment Type (2019-2030)
- 20.4. Market Revenue, by Organization (2019-2030)
- 20.5. Market Revenue, by End User (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Service Type (2019-2030)
- 21.3. Market Revenue, by Deployment Type (2019-2030)
- 21.4. Market Revenue, by Organization (2019-2030)
- 21.5. Market Revenue, by End User (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Service Type (2019-2030)
- 22.3. Market Revenue, by Deployment Type (2019-2030)
- 22.4. Market Revenue, by Organization (2019-2030)
- 22.5. Market Revenue, by End User (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Service Type (2019-2030)
- 23.3. Market Revenue, by Deployment Type (2019-2030)
- 23.4. Market Revenue, by Organization (2019-2030)
- 23.5. Market Revenue, by End User (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Service Type (2019-2030)
- 24.3. Market Revenue, by Deployment Type (2019-2030)
- 24.4. Market Revenue, by Organization (2019-2030)
- 24.5. Market Revenue, by End User (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Service Type (2019-2030)
- 25.3. Market Revenue, by Deployment Type (2019-2030)
- 25.4. Market Revenue, by Organization (2019-2030)
- 25.5. Market Revenue, by End User (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Service Type (2019-2030)
- 26.3. Market Revenue, by Deployment Type (2019-2030)
- 26.4. Market Revenue, by Organization (2019-2030)
- 26.5. Market Revenue, by End User (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Service Type (2019-2030)
- 27.3. Market Revenue, by Deployment Type (2019-2030)
- 27.4. Market Revenue, by Organization (2019-2030)
- 27.5. Market Revenue, by End User (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Service Type (2019-2030)
- 28.3. Market Revenue, by Deployment Type (2019-2030)
- 28.4. Market Revenue, by Organization (2019-2030)
- 28.5. Market Revenue, by End User (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. IBM Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. General Electric Company
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. AT&T Inc.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Atos SE
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Accenture PLC
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Astrocast SA
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Oracle Corporation
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Loriot AG
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Cognizant Technology Solutions Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Capgemini SE
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Boingo Wireless Inc.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. DXC Technology Company
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
- 30.13. Tata Consultancy Services Limited
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
- 30.14. Virtusa Corporation
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.14.3. Key financial summary
- 30.15. Wipro Technologies
- 30.15.1. Business overview
- 30.15.2. Product and service offerings
- 30.15.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
