The market is said to be driven by the growing need for reduced system troubleshooting and enhanced operational efficiency, the increasing requirement of risk mitigation to minimize the data loss, the increasing adoption of micro services, and the accelerating Social, Mobile, Analytics, and Cloud (SMAC)technologies.
Industrial manufacturing vertical is expected to have the largest market share during the forecast period.

Market Analysis and Insights: Global IoT Engineering Services Market
The global IoT Engineering Services market size is projected to reach US$ 12470 million by 2026, from US$ 10320 million in 2020, at a CAGR of 19.8%% during 2021-2026.

Global IoT Engineering Services Scope and Market Size
IoT Engineering Services market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global IoT Engineering Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

The key players covered in this study

ARICENT
WIPRO
CAPGEMINI
IBM
TCS
HAPPIEST MINDS
INFOSYS
COGNIZANT
EINFOCHIPS
RAPIDVALUE
TECH MAHINDRA
PRODAPT SOLUTIONS

Market segment by Type, the product can be split into

Product Engineering
Cloud & Platform Engineering
UI/UX Design
Analytics

Market segment by Application, split into

Medical
Transportation And Logistics
IT, Communication
Industrial Production
Energy, Utilities
Other

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India