IoT Integration Market Key Trends and Opportunity Analysis up to 2030

Comments · 92 Views

The global IoT integration market is projected to register a CAGR of over 25.80% during 2023-2030, reaching USD 2493.56 billion by 2030.

The IoT Integration Market: Seamlessly Connecting Devices, Data and Applications

The global IoT integration market is poised for robust growth as enterprises aim to securely connect IoT devices, platforms, data, and applications across diverse systems. IoT integration services solve complex interoperability challenges involved in combining disparate IoT components into a unified infrastructure. As enterprise IoT deployments scale, the market outlook remains positive.

Market Overview

IoT integration implements specialized middleware solutions to bridge connectivity, protocol, and data gaps between IoT devices, networks, cloud services and on-premise enterprise systems. It establishes seamless bi-directional data flows between field devices and backend databases and analytics tools. IoT integration is pivotal for organizations to realize the full potential of IoT investments.

Get PDF for more professional and technical insights: 

Market Growth

The global IoT integration market is projected to register a CAGR of over 25.80% during 2023-2030, reaching USD 2493.56 billion by 2030. The market is driven by rising enterprise focus on enhancing supply chain visibility, optimizing business processes, and enabling insightful decision making based on real-time data analysis. Investments made towards Industry 4.0 and Industrial IoT spur the need for robust integration.

Market Segmentation

By service, the market is segmented into device and platform management, advisory, system designing and architecture, and others. Based on organization size, it caters to SMEs and large enterprises. Key end-user verticals include manufacturing, energy, transportation, retail, healthcare, BFSI and IT & telecom. The major regional markets are North America, Europe, APAC, MEA, and Latin America.

Key Companies

Leading IoT integration service providers include Accenture, Atos, Capgemini, Cognizant, HCL Technologies, IBM, Infosys, Intel, Mulesoft, NTT Data, and TCS. Large IT consulting firms offer a comprehensive range of IoT integration services for clients across industries. Mergers and acquisitions are focused strategies to widen the market footprint.

Market Drivers

  • Rising need to securely connect distributed IoT devices, data, applications and platforms across locations.
  • Growing focus on improving real-time data capture, analysis, and actionable insights generation capabilities.
  • Increased need to integrate IoT data with existing enterprise business systems like ERP and CRM.
  • Importance of overcoming interoperability challenges involved in combining IoT, IT and OT environments.
  • Tactical partnerships between IoT vendors and IT service providers to deliver joint solutions catering integration needs.

Regional Insights North America leads the IoT integration market share while Asia Pacific exhibits the fastest growth considering China’s thriving manufacturing sector. Europe accounts for the second highest share driven by Industry 4.0 initiatives in countries like Germany. Expanding IoT applications across industries are catalyzing growth globally.

Industry Latest News

  • IBM acquired Envizi to strengthen its sustainability and environmental data analytics offerings in 2022.
  • Microsoft introduced Azure IoT Central, a SaaS app to quickly build IoT solutions in 2021.
  • Siemens partnered with AWS in 2020 to enhance its Industrial IoT integration services on AWS cloud.
  • Accenture acquired Realworld E2E to bolster its connected platforms capabilities across industries in 2020.
  • Atos acquired Processia, an industrial IoT company to expand its digital manufacturing integration services in 2019.

As enterprise IoT adoption matures from proof of concept to production systems, the need for robust and scalable integration will intensify, presenting strong growth opportunities.

Get PDF for more professional and technical insights: 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, and regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.


Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: [email protected]