North America IoT Engineering Services Market by Service (Product Engineering, Cloud Engineering, Experience Engineering, Security Engineering & Others), By End User (BFSI, Automotive, Aerospace & Defense, Healthcare, Transportation & Logistics, IT & Telecom, Industrial Manufacturing, Others), By Country, Competition, Forecast and Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNorth America IoT Engineering Services Market by Service (Product Engineering, Cloud Engineering, Experience Engineering, Security Engineering & Others), By End User (BFSI, Automotive, Aerospace & Defense, Healthcare, Transportation & Logistics, IT & Telecom, Industrial Manufacturing, Others), By Country, Competition, Forecast and Opportunities, 2018-2028F
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 8.76 Billion |
| CAGR (2023-2028) | 24.7% |
| Fastest Growing Segment | Cloud Engineering |
| Largest Market | United States |
Market Overview
Key Market Drivers
Rapid Adoption of IoT Across Industries
Technological Advancements and Connectivity
Increasing Focus on Data Analytics and Insights
Security and Privacy Concerns
Key Market Challenges
Security and Privacy Concerns in IoT Implementations
Interoperability and Standards
Key Market Trends
Edge Computing Integration in IoT Engineering Services
AI and Machine Learning Integration for Advanced Analytics
Sustainability and IoT for Environmental Monitoring
Segmental Insights
Service Insights
End User
Based on End User, the healthcare emerged as the dominant segment in the North America IoT (Internet of Things) engineering services market, and it is poised to maintain its leadership position throughout the forecast period. This dominance is underpinned by the healthcare industry's rapid adoption of IoT technology to revolutionize patient care, streamline operations, and improve overall healthcare outcomes. IoT engineering services have played a pivotal role in facilitating the development and implementation of IoT solutions tailored to the unique needs of healthcare providers. These solutions encompass remote patient monitoring, smart medical devices, healthcare wearables, and data-driven healthcare analytics. The ability to collect and analyse real-time patient data has empowered healthcare professionals to make more informed decisions, enhance treatment protocols, and ensure timely interventions. As the healthcare sector in North America continues to prioritize the integration of IoT for better patient care and operational efficiency, it is expected to remain at the forefront of IoT engineering services demand, driving innovation and advancements in the healthcare landscape.
Regional Insights
Recent Developments
- In January 2023, Accenture, a prominent global professional servicesfirm, unveiled its plans to acquire Everise, a reputable provider of IoTengineering and consulting services. This strategic acquisition is set toempower Accenture with an enhanced portfolio of IoT capabilities, positioningthe company to effectively address the surging demand for IoT solutions amongits client bases.
- In February 2023, IBM, the multinational IT giant, disclosed itsintentions to acquire Envizi, a company specializing in IoT and sustainabilitysolutions. This strategic acquisition is poised to bolster IBM's IoT andsustainability service portfolio, equipping the company to better cater to theneeds of its clients. By integrating Envizi's expertise, IBM aims to provideits customers with comprehensive solutions that not only enhance their IoTcapabilities but also contribute to minimizing their environmental footprint.
- In March 2023, PTC, a renowned global provider of product lifecyclemanagement (PLM) software and solutions, unveiled its acquisition agreementwith ThingWorx, a leading provider of IoT platform software. This strategicmove is set to reinforce PTC's IoT platform capabilities, enhancing itscapacity to deliver comprehensive IoT solutions to its clientele. By integratingThingWorx's expertise and technology, PTC aims to empower its customers toefficiently construct and implement IoT solutions, further solidifying itsposition in the IoT platform market.
Key Market Players
- IBM Corporation
- AccentureLLP
- DeloitteLLP
- CiscoSystem, Inc.
- MicrosoftCorporation
- AT&T,Inc.
- HCLTechnologies
- CognizantTechnology Solutions Corporation
- InfosysLimited
- WiproLimited
| By Service | By End User | By Country |
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