The IoT (Internet of Things) application development services market refers to the market for businesses and organizations that offer services to develop IoT applications and solutions. These services include design, development, testing, and deployment of IoT-based systems and devices.
Key players in this market include Accenture, IBM, Infosys, Tata Consultancy Services, and Wipro, among others. The market is driven by the growing demand for IoT-based solutions across various industries, including manufacturing, healthcare, retail, and transportation, among others. The market is highly competitive and is expected to grow significantly in the coming years due to the increasing adoption of IoT technology.
The internet of things (IoT) is a network of connected computers, virtual machines, humans, or other items that are given special identification numbers. IoT application development services can be used to create IoT apps for a variety of industries, including manufacturing, energy and utilities, aerospace and defence, automotive, and telecommunications.
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For fleet management & vehicle monitoring, linked vehicles, vehicle tracking, safe driver & no-texting services, and remote vehicle diagnostics, the automotive industry uses IoT application development services.
The development of scalable IoT platforms and the advancement of connected devices both benefit from the use of IoT application development services. In order to manage the numerous systems of linked devices with ease, various organisations are using IoT application development services for improved efficiency, flexibility, customer happiness, and transparency in their facilities.
IoT Application Development Services Market: Regional overview
By geography, the IoT application development services market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific, and Middle East & Africa. Among these regions, North America is expected to dominate the global IoT application development services market due to early adoption of digital technologies in the US.
Moreover, economies like India, China, Japan, Singapore, Indonesia and others would offer high growth opportunities for the market to grow in the Asia Pacific region.
IoT Application Development Services Market: Competition Landscape
Some of the prominent players providing IoT application development services are
- Contus
- Hidden Brains Infotech
- Dot Com Infoway
- Velvetech
- LLC
- SAP SE
- PureSoftware
- Others.
These vendors are offering wide range of services to their end customers to fulfil their specific IoT application development requirements.
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IoT Application Development Services Market: Segmentation
The IoT application development services market has been segmented on the basis of solution, enterprise size, verticals and region.
Services :
- Application Development
- Software Testing and Quality Assurance
- Implementation Rollout
- Application Support & Maintenance
Enterprise size :
- Large Enterprises
- SMEs
Verticals :
- Rack mount
- Portable
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