The global IoT integration market size is expected to reach USD 72.87 billion by 2034, according to a new study by Polaris Market Research. The report "IoT Integration Market Size, Share, Trends, Industry Analysis Report: By Enterprise Size (Large Enterprises and Small and Medium Enterprises), Service, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The IoT integration market growth is driven by an increase in investments and a surge in mergers and acquisitions. Companies across various industries are recognizing the advantages of IoT technologies, such as enhanced operational efficiency, cost savings, and the ability to leverage real-time data for better decision-making. This growing recognition is prompting substantial financial investments in the development and deployment of advanced IoT solutions. Simultaneously, mergers and acquisitions are on the rise, with companies seeking to consolidate resources, integrate complementary technologies, and expand their market reach. These strategic moves enable businesses to combine expertise, streamline operations, and foster innovation, ultimately boosting their competitiveness in an increasingly dynamic technological landscape. This consolidation strengthens individual companies and drives the IoT integration market demand, creating a more interconnected and advanced ecosystem. The combined effect of heightened investments and strategic mergers is cultivating an environment that supports the ongoing expansion and advancement of IoT technologies, making them an integral part of modern business operations and technological progress.
Advancements in sensor technology are expected to drive the IoT integration market expansion, opening up new applications and enhancing cost-effectiveness. Modern sensors are becoming more advanced, compact, and affordable, enabling the collection of precise and diverse data. At the same time, improvements in connectivity technologies, such as 5G networks, have significantly enhanced the reliability and speed of data transmission, making IoT devices ideal for time-sensitive applications. This synergy between cutting-edge sensors and powerful connectivity broadens the scope of IoT system applications while lowering costs, leading to greater adoption across a wide range of industries.
The consumer IoT segment, by application, is set to lead the IoT integration market share due to the rising adoption of smart devices such as thermostats, health monitors, and security systems. Driven by demand for convenience, energy efficiency, and health tracking, this segment is expected to expand significantly.
IoT Integration Market Report Highlights
The consumer IoT segment, based on application, is anticipated to experience a significant CAGR in the global market due to the increasing number of consumers adopting smart devices.
The large enterprises segment, by enterprises size, accounted for a larger revenue share of the market in 2024 as they have vast operations that require scalable solutions.
In 2024, North America dominated the global IoT integration market share due to the increasing deployment of IoT technologies by major companies and a large number of consumers IoT users.
The IoT integration market in India is projected for substantial growth during the forecast period due to increased investments and merger and acquisition activities.
A few global key market players are Cognizant Technology Solutions Corporation, NTT Data Corporation, International Business Machines Corporation, ATOS SE, Tata Consultancy Services Limited, Dell Technologies Inc., Intel Corporation, Fujitsu Ltd., Wipro Limited, Accenture PLC, Honeywell, Schneider Electric, Rockwell Automation, Nordic Semiconductor, and Bosch IoT Suite
Polaris Market Research has segmented the IoT integration market report on the basis of enterprise size, service, application, and region:
By Enterprise Size Outlook (Revenue - USD Billion, 2020-2034)
- ¡× Large Enterprises
- ¡× Small and Medium Enterprises
- By Service (Revenue - USD Billion, 2020-2034)
- ¡× Device and Platform Management
- ¡× Advisory Service
- ¡× Testing Service
- ¡× Network Management Service
- ¡× System Design and Architecture
- ¡× Other Services
- By Application (Revenue - USD Billion, 2020-2034)
- ¡× Consumer IoT
- Smart Homes
- Wearables
- ¡× Industrial IoT
- ¡× Healthcare IoT
- ¡× Retail IoT
- ¡× Other
By Regional Outlook (Revenue - USD Billion, 2020-2034)
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global IoT Integration Market Insights
- 4.1. IoT Integration Market - Market Snapshot
- 4.2. IoT Integration Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growth in Smart Cities and Infrastructure Development Are Driving Market Growth
- 4.2.1.2. Advancement in Sensor Technology is Propelling Market Size
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Initial Cost of Manufacturing
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. IoT Integration Market Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global IoT Integration Market, by Component
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global IoT Integration Market, by Component, 2020-2034 (USD billion)
- 5.3. Hardware
- 5.3.1. Global IoT Integration Market, by Hardware, by Region, 2020-2034 (USD billion)
- 5.4. Software
- 5.4.1. Global IoT Integration Market, by Software, by Region, 2020-2034 (USD billion)
6. Global IoT Integration Market, by Service
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global IoT Integration Market, by Service, 2020-2034 (USD billion)
- 6.3. Device and Platform Management
- 6.3.1. Global IoT Integration Market, by Device and Platform Management, by Region, 2020-2034 (USD billion)
- 6.4. Advisory Service
- 6.4.1. Global IoT Integration Market, by Advisory Service , by Region, 2020-2034 (USD billion)
- 6.5. Testing Service
- 6.5.1. Global IoT Integration Market, by Testing Service, by Region, 2020-2034 (USD billion)
- 6.6. Network Management Service
- 6.6.1. Global IoT Integration Market, by Network Management Service, by Region, 2020-2034 (USD billion)
- 6.7. System Design and Architecture
- 6.7.1. Global IoT Integration Market, by System Design and Architecture, by Region, 2020-2034 (USD billion)
- 6.8. Other Services
- 6.8.1. Global IoT Integration Market, by other services, by Region, 2020-2034 (USD billion)
7. Global IoT Integration Market, by Application Industry
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 7.3. Consumer IoT
- 7.3.1. Global IoT Integration Market, by Consumer IoT, by Region, 2020-2034 (USD billion)
- 7.3.2. Smart Homes
- 7.3.3. Global IoT Integration Market, by Smart Homes, by Region, 2020-2034 (USD billion)
- 7.3.4. Wearables
- 7.3.5. Global IoT Integration Market, by Wearables, by Region, 2020-2034 (USD billion)
- 7.4. Industrial IoT
- 7.4.1. Global IoT Integration Market, by Industrial IoT, by Region, 2020-2034 (USD billion)
- 7.5. Healthcare IoT
- 7.5.1. Global IoT Integration Market, by Healthcare IoT, by Region, 2020-2034 (USD billion)
- 7.6. Retail IoT
- 7.6.1. Global IoT Integration Market, by Retail IoT, by Region, 2020-2034 (USD billion)
- 7.7. Other Application
- 7.7.1. Global IoT Integration Market, by other application, by Region, 2020-2034 (USD billion)
8. Global IoT Integration Market, by Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. IoT Integration Market Assessment, By Geography, 2020-2034 (USD billion)
- 8.3. IoT Integration Market - North America
- 8.3.1. North America: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.3.2. North America: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.3.3. North America: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.3.4. IoT Integration Market - U.S.
- 8.3.4.1. U.S.: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.3.4.2. U.S.: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.3.4.3. U.S.: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.3.5. IoT Integration Market - Canada
- 8.3.5.1. Canada: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.3.5.2. Canada: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.3.5.3. Canada: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.4. IoT Integration Market - Europe
- 8.4.1. Europe: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.4.2. Europe: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.4.3. Europe: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.4.4. IoT Integration Market - UK
- 8.4.4.1. UK: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.4.4.2. UK: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.4.4.3. UK: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.4.5. IoT Integration Market - France
- 8.4.5.1. France: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.4.5.2. France: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.4.5.3. France: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.4.6. IoT Integration Market - Germany
- 8.4.6.1. Germany: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.4.6.2. Germany: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.4.6.3. Germany: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.4.7. IoT Integration Market - Italy
- 8.4.7.1. Italy: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.4.7.2. Italy: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.4.7.3. Italy: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.4.8. IoT Integration Market - Spain
- 8.4.8.1. Spain: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.4.8.2. Spain: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.4.8.3. Spain: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.4.9. IoT Integration Market - Netherlands
- 8.4.9.1. Netherlands: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.4.9.2. Netherlands: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.4.9.3. Netherlands: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.4.10. IoT Integration Market - Russia
- 8.4.10.1. Russia: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.4.10.2. Russia: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.4.10.3. Russia: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.4.11. IoT Integration Market - Rest of Europe
- 8.4.11.1. Rest of Europe: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.4.11.2. Rest of Europe: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.4.11.3. Rest of Europe: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.5. IoT Integration Market - Asia Pacific
- 8.5.1. Asia Pacific: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.5.2. Asia Pacific: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.5.3. Asia Pacific: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.5.4. IoT Integration Market - China
- 8.5.4.1. China: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.5.4.2. China: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.5.4.3. China: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.5.5. IoT Integration Market - India
- 8.5.5.1. India: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.5.5.2. India: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.5.5.3. India: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.5.6. IoT Integration Market - Malaysia
- 8.5.6.1. Malaysia: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.5.6.2. Malaysia: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.5.6.3. Malaysia: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.5.7. IoT Integration Market - Japan
- 8.5.7.1. Japan: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.5.7.2. Japan: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.5.7.3. Japan: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.5.8. IoT Integration Market - Indonesia
- 8.5.8.1. Indonesia: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.5.8.2. Indonesia: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.5.8.3. Indonesia: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.5.9. IoT Integration Market - South Korea
- 8.5.9.1. South Korea: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.5.9.2. South Korea: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.5.9.3. South Korea: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.5.10. IoT Integration Market - Australia
- 8.5.10.1. Australia: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.5.10.2. Australia: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.5.10.3. Australia: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.5.11. IoT Integration Market - Rest of Asia Pacific
- 8.5.11.1. Rest of Asia Pacific: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.5.11.2. Rest of Asia Pacific: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.5.11.3. Rest of Asia Pacific: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.6. IoT Integration Market - Middle East & Africa
- 8.6.1. Middle East & Africa: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.6.2. Middle East & Africa: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.6.3. Middle East & Africa: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.6.4. IoT Integration Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.6.4.2. Saudi Arabia: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.6.4.3. Saudi Arabia: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.6.5. IoT Integration Market - UAE
- 8.6.5.1. UAE: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.6.5.2. UAE: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.6.5.3. UAE: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.6.6. IoT Integration Market - Israel
- 8.6.6.1. Israel: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.6.6.2. Israel: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.6.6.3. Israel: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.6.7. IoT Integration Market - South Africa
- 8.6.7.1. South Africa: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.6.7.2. South Africa: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.6.7.3. South Africa: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.6.8. IoT Integration Market - Rest of Middle East & Africa
- 8.6.8.1. Rest of Middle East & Africa: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.6.8.2. Rest of Middle East & Africa: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.6.8.3. Rest of Middle East & Africa: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.7. IoT Integration Market - Latin America
- 8.7.1. Latin America: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.7.2. Latin America: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.7.3. Latin America: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.7.4. IoT Integration Market - Mexico
- 8.7.4.1. Mexico: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.7.4.2. Mexico: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.7.4.3. Mexico: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.7.5. IoT Integration Market - Brazil
- 8.7.5.1. Brazil: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.7.5.2. Brazil: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.7.5.3. Brazil: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.7.6. IoT Integration Market - Argentina
- 8.7.6.1. Argentina: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.7.6.2. Argentina: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.7.6.3. Argentina: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
- 8.7.7. IoT Integration Market - Rest of Latin America
- 8.7.7.1. Rest of Latin America: IoT Integration Market, by Component, 2020-2034 (USD billion)
- 8.7.7.2. Rest of Latin America: IoT Integration Market, by Service, 2020-2034 (USD billion)
- 8.7.7.3. Rest of Latin America: IoT Integration Market, by Application Industry, 2020-2034 (USD billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Cognizant Technology Solutions Corporation
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. NTT DATA CORPORATION
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. International Business Machines Corporation
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. ATOS SE
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Tata Consultancy Services Limited
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Dell Technologies Inc.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Intel Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Fujitsu Ltd.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Wipro Limited
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Accenture PLC
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Honeywell
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Schneider Electric
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Rockwell Automation
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Nordic Semiconductor
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Bosch IoT Suite
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development