India IoT Professional Services Market
Professional services for the Internet of Things (IoT) are a set of ongoing processes that make it simpler for computers and physical objects (equipment) to share and exchange data. Infrastructure, support and maintenance, system planning and integration, and consultancy are the four primary categories of IoT services. To increase the accuracy of business processes, these services allow organizations to wirelessly connect their equipment with other devices. Despite its broad range of applications, this technology is heavily used by businesses in a variety of industries, including retail operations, manufacturing facilities, and smart cities.
Favorable conditions on the Internet of Things (IoT) professional services market are driven by the increasing adoption of smart farming and growing demand for cloud-based service management platforms. Enterprises planning a large-scale digital transformation of their business operations need professional IoT services. This service helps you efficiently define, design, and deploy IoT-based systems by providing end-to-end support for all phases of IoT deployment. These services include understanding customer requirements, architectural frameworks, high-level design, results validation, transformation readiness, program plan extension, adoption readiness, deployment execution, business reviews, and value realization and are presented in phases. The above factors combine to create opportunities for market growth, but factors such as the need for uniform regulatory standards and universal protocols constrain the market.
Rising Adaption of Connected Device
The market is being positively impacted by the growing trend of connected device adoption in the sector. Data throughput rates for this area are anticipated to rise significantly because of the deployment of 5G New Radio (NR) on both the old and new spectrum. A part of this has been made possible by emerging business models and applications as well as decreasing device costs. Worldwide adoption of NB-IoT and Cat-M1 scale IoT technology is still going strong. Broadband IoT cellular connectivity will be surpassed by massive IoT technologies, which are anticipated to account for 51% of all cellular IoT connections. The increased adoption of connected devices is driving the India IoT professional services market.
Rising Adoption of Blockchain-Based IoT Solutions for Smart Contracts and Edge Computing
Edge computing is a large-scale virtual system that improves processing and capacity between clients and the server farm of a traditional cloud computing system. Devices using edge computing are capable of uninterrupted communication with one another. Edge computing facilities and blockchain IoT devices can communicate with each other using the blockchain. Businesses have developed solutions that provide blockchain IoT solutions for edge computing and smart contracts as a result of the rise in demand for blockchain IoT technologies over time. As a result, it is expected that the increasing use of blockchain-based IoT solutions for smart contracts and edge computing will provide lucrative growth forecasts for companies in the India IoT professional service market.
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Market Segmentation
India
Market Players
Recent Development
- In October 2021, TataConsultancy Services announced a partnership with AIS, Thailand's largesttelecom operator, to enable manufacturers to deploy 5G smart networktechnology. The partnership will combine AIS' leadership in telecommunicationsservices in Thailand with TCS' extensive intellectual property portfolio and ITconsulting expertise to help Thai companies accelerate their growth andtransformation with TCS' 5G-enabled IoT products.
- In September 2021,Telstra and Cisco announced a five-year cooperation to enhance connectivitymanagement for Internet of Things (IoT) services through the Telstra ControlCenter powered by Cisco. Cisco's IoT Control Center SaaS solution has been usedby Telstra for more than 10 years, and it has assisted the firm in achievingits goals and establishing new revenue sources. The company's great visibilityand flexibility in managing their businesses and transforming IoT data intooptions benefits thousands of customers, including Australia's top financialinstitutions, retailers, and government.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Service Type By Organization Size By Deployment Type By End Use Industry |
| Country scope | North India, South India, East India, West India |
| Key companies profiled | Tata Consultancy Services, Infosys Technologies Limited, Wipro Technologies, HCL Technologies, Redington (India) Ltd, Tech Mahindra, L&T Infotech, Mphasis Ltd, Mindtree Ltd and Oracle Financial Services Software Ltd (OFSSL) |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
