
Study Period | 2019 - 2030 |
Market Size (2025) | USD 137.73 Billion |
Market Size (2030) | USD 193.27 Billion |
CAGR (2025 - 2030) | 7.01 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
IoT Professional Services Market Analysis
The IoT Professional Services Market size is estimated at USD 137.73 billion in 2025, and is expected to reach USD 193.27 billion by 2030, at a CAGR of 7.01% during the forecast period (2025-2030).
The IoT professional services landscape is experiencing a fundamental transformation as organizations increasingly integrate advanced technologies with IoT implementations. The convergence of artificial intelligence, edge computing, and IoT is creating new possibilities for enterprise solutions, driving the need for specialized professional services. According to GSMA projections, IoT connections are expected to reach 2.6 billion by 2025, highlighting the massive scale of IoT adoption. This integration is particularly evident in industrial settings, where professional services providers are developing domain-specific assessment frameworks and value discovery methodologies to create comprehensive IoT roadmaps based on organizational maturity levels.
Security and infrastructure considerations have become paramount in IoT professional services deployment, as organizations grapple with expanding network vulnerabilities. According to recent HP analysis, approximately 70% of commonly used IoT devices contain significant security vulnerabilities, emphasizing the critical need for robust security frameworks within IoT professional services offerings. Service providers are responding by incorporating advanced security protocols, implementing zero-trust architectures, and developing comprehensive security assessment methodologies as integral components of their service portfolios.
Smart city initiatives are emerging as a major catalyst for IoT professional services adoption, with governments worldwide launching ambitious programs to modernize urban infrastructure. Professional service providers are playing a crucial role in designing and implementing IoT solutions for transportation systems, utility networks, and public infrastructure management. The massive IoT technologies, including NB-IoT and Cat-M1, are projected to comprise 51% of all cellular IoT connections, demonstrating the growing importance of these technologies in smart city deployments and the corresponding need for professional services support.
Enterprise adoption of IoT professional services is increasingly focused on achieving operational efficiency and digital transformation objectives. Organizations are seeking end-to-end solutions that encompass consulting, deployment, and managed services, with a particular emphasis on industry-specific expertise. Service providers are responding by developing pre-built solution accelerators, establishing centers of excellence, and creating industry-specific reference architectures to expedite implementation timelines and ensure successful outcomes. This trend is particularly evident in the manufacturing sector, where companies are leveraging IoT professional services to implement smart manufacturing initiatives and achieve Industry 4.0 objectives.
IoT Professional Services Market Trends
Proliferation of Connected Devices Across the World
The exponential growth in connected devices across various industries is creating unprecedented opportunities and challenges that are driving the demand for IoT installation services. According to Ericsson's latest projections, the number of massive IoT connections is expected to double, reaching approximately 200 million connections, with 40% of cellular IoT connections anticipated to be broadband IoT by 2027. This massive scale of connected devices is generating enormous amounts of data that require sophisticated management, analysis, and security solutions. The complexity of managing these interconnected systems has become evident as Aruba Networks reports that 85% of businesses are expected to implement IoT technology, creating a strong need for professional services to handle device deployment, integration, and maintenance.
The proliferation of connected devices spans across multiple sectors, including manufacturing, healthcare, transportation, energy, and agriculture, each with its unique requirements and use cases. These connected devices are being utilized for various purposes, from remote monitoring and predictive maintenance in manufacturing to patient care management in healthcare and smart grid operations in utilities. Professional service providers are increasingly required to offer specialized expertise in managing these industry-specific implementations, ensuring seamless integration with existing systems, and providing ongoing support for optimal performance. The integration challenges, scalability requirements, and security concerns associated with managing such vast networks of connected devices have made professional services indispensable for organizations looking to maximize their IoT investments while minimizing operational risks.
Increasing Demand for IoT-enabled Digital Transformation of Enterprises
The growing emphasis on digital transformation across enterprises is catalyzing the adoption of IoT solutions market as organizations seek to modernize their operations and enhance competitive advantage. Recent studies indicate a significant shift in enterprise mindset, with 78% of U.S. manufacturing workers welcoming digitalization initiatives, and eight in ten expressing interest in learning new digital skills. This transformation is particularly evident in the utilities sector, where the installation of approximately 124 million smart meters in the United States by the end of 2022 demonstrates the scale of IoT implementation in enterprise operations. The combination of tax incentives and insurance benefits has further encouraged both consumers and utility companies to embrace smart services, creating additional demand for professional services to support these implementations.
The enterprise-wide digital transformation is also reflected in the comprehensive adoption of complementary technologies, as evidenced by Canadian organizations' investment patterns. Professional services are increasingly required to integrate IoT solutions with artificial intelligence and business process transformation tools, which have seen adoption rates of 60% and 58% respectively. These services are essential for enterprises undertaking complex digital transformation initiatives, as they provide crucial expertise in areas such as data analytics, security implementation, and system integration. Professional service providers are playing a pivotal role in helping organizations navigate the complexities of digital transformation by offering specialized consulting, deployment, and managed services that ensure successful implementation and ongoing optimization of IoT solutions across various business functions. The role of IoT consulting firms is becoming increasingly critical in this landscape, providing the necessary guidance and expertise.
Segment Analysis: By End User-Industry
Manufacturing Segment in IoT Professional Services Market
The manufacturing segment dominates the IoT Professional Services market, commanding approximately 28% market share in 2024. This is driven by the widespread adoption of Industry 4.0 technologies and smart manufacturing initiatives. The segment's prominence is attributed to the increasing deployment of IoT solutions and services market for optimizing discrete manufacturing products and environments, with manufacturers leveraging the capabilities of IoT, cloud, and big data analytics to enhance their innovation capabilities and maximize return on assets. Modern manufacturing facilities are increasingly relying on IoT Professional Services for implementing predictive maintenance, real-time analysis, and remote monitoring capabilities, while also enabling new business models such as Equipment-as-a-Service (EaaS).

Healthcare Segment in IoT Professional Services Market
The healthcare segment is experiencing the fastest growth in the IoT Professional Services market, with an expected growth rate of approximately 22% during 2024-2029. This rapid expansion is driven by the increasing adoption of remote patient monitoring solutions, mobile health (mHealth) applications, and smart hospital initiatives. Healthcare organizations are increasingly leveraging IoT Professional Services to implement connected medical equipment and devices, enabling centralized networks that can generate and exchange data within a single framework. The segment's growth is further accelerated by the rising demand for integrated software solutions among health insurance customers and the expanding scope of IoT in pharmaceutical research and development.
Remaining Segments in IoT Professional Services Market
The other significant segments in the IoT Professional Services market include Transportation & Logistics, Energy & Utilities, Retail, and Other End-user Industries. The Transportation & Logistics sector is witnessing substantial growth through the implementation of fleet management solutions and smart mobility initiatives. The Energy & Utilities segment is focusing on smart grid implementations and energy optimization solutions. The Retail sector is leveraging IoT services market to enhance customer experience and supply chain optimization. Other industries, including BFSI, Construction, and IT & Telecom, are also contributing significantly to the market through various digital transformation initiatives and IoT-enabled solutions. Notably, the global private narrowband IoT market size by vertical is also influencing these sectors, providing a competitive edge through enhanced connectivity and data management.
IoT Professional Services Market Geography Segment Analysis
IoT Professional Services Market in North America
North America has established itself as the dominant force in the IoT professional services market, commanding approximately 38% of the market share in 2024. The region's leadership position is driven by its advanced technological infrastructure, robust presence of major technology companies, and widespread adoption of IoT solutions across various industries. The manufacturing sector, in particular, has shown strong momentum in implementing IoT professional services, with enterprises focusing on smart manufacturing initiatives and digital transformation projects. The region's strength is further reinforced by its sophisticated ecosystem of service providers, system integrators, and technology consultants who offer comprehensive IoT implementation and management solutions. The presence of stringent regulatory frameworks and data protection standards has also contributed to the increased adoption of professional services for ensuring compliance and security in IoT deployments. Additionally, the region's emphasis on research and development, coupled with substantial investments in emerging technologies like 5G and edge computing, continues to create new opportunities for IoT professional services providers.

IoT Professional Services Market in Europe
Europe has demonstrated remarkable progress in the IoT professional services market, recording a robust growth rate of approximately 18% during the period 2019-2024. The region's market development has been characterized by strong adoption across diverse sectors, particularly in manufacturing, automotive, and smart city initiatives. European enterprises have shown particular interest in IoT consulting and implementation services to enhance their operational efficiency and digital transformation efforts. The region's market dynamics are shaped by its strong focus on industrial automation and Industry 4.0 initiatives, particularly in countries like Germany and France. The European market has also benefited from supportive regulatory frameworks and government initiatives promoting digital transformation. The presence of established industrial bases, coupled with increasing investments in smart manufacturing and connected technologies, has created a fertile ground for IoT professional services. The region's emphasis on sustainability and energy efficiency has further driven the adoption of IoT solutions, particularly in the utilities and manufacturing sectors.
IoT Professional Services Market in Asia-Pacific
The Asia-Pacific region is positioned as the fastest-growing market for IoT professional services, with a projected growth rate of approximately 24% during the period 2024-2029. This dynamic market is characterized by rapid industrialization, increasing digital transformation initiatives, and growing adoption of smart manufacturing practices. The region's development is driven by significant investments in industrial automation, smart city projects, and digital infrastructure development. Countries like China, Japan, and South Korea are leading the adoption of advanced IoT solutions, particularly in manufacturing and industrial applications. The market is witnessing increased demand for consulting and implementation services as organizations seek to modernize their operations and enhance competitiveness. The region's vast manufacturing base, coupled with government initiatives promoting industrial digitalization, creates substantial opportunities for IoT professional service providers. The growing focus on smart city development and industrial modernization continues to drive the demand for specialized IoT consulting and implementation services.
IoT Professional Services Market in Rest of the World
The Rest of the World region, encompassing Latin America, the Middle East, and Africa, represents an emerging market with significant growth potential in the IoT professional services market. The market is characterized by increasing adoption of digital transformation initiatives across various industries, particularly in oil and gas, manufacturing, and smart city development. Countries in the Middle East are showing particular interest in IoT professional services as part of their economic diversification strategies and smart city initiatives. Latin American countries are focusing on modernizing their industrial infrastructure and implementing IoT solutions across various sectors. The region's market is driven by increasing investments in digital infrastructure, growing awareness of IoT benefits, and government initiatives promoting technological advancement. The adoption of IoT professional services is particularly strong in sectors such as oil and gas, manufacturing, and utilities, where organizations are seeking to enhance operational efficiency and competitiveness.
IoT Professional Services Market in United States
The United States maintains its position as a key market for IoT professional services, driven by its advanced technological infrastructure and strong innovation ecosystem. The market is characterized by widespread adoption across various sectors, particularly in manufacturing, healthcare, and retail. American enterprises are increasingly leveraging IoT professional services to enhance operational efficiency, improve customer experience, and drive digital transformation initiatives. The country's robust startup ecosystem and presence of major technology companies contribute to continuous innovation in IoT solutions and services. The manufacturing sector, in particular, has shown strong adoption of IoT professional services as part of Industry 4.0 initiatives. The market is further strengthened by significant investments in research and development, particularly in areas such as edge computing, artificial intelligence, and advanced analytics integrated with IoT solutions.
IoT Professional Services Market in Canada
Canada's IoT professional services market is experiencing steady growth, driven by increasing digitalization across various industries and strong government support for technological innovation. The market is characterized by growing adoption in sectors such as manufacturing, natural resources, and smart city development. Canadian enterprises are increasingly recognizing the value of IoT professional services in enhancing operational efficiency and driving digital transformation. The country's focus on sustainable development and smart city initiatives has created significant opportunities for IoT professional service providers. The market benefits from Canada's strong technology infrastructure and skilled workforce, enabling sophisticated IoT implementations across various sectors. The manufacturing and resource sectors, in particular, are showing increased interest in IoT professional services to optimize operations and improve productivity. The market is further supported by collaborative initiatives between industry stakeholders and academic institutions, fostering innovation in IoT solutions and services.
IoT Professional Services Industry Overview
Top Companies in IoT Professional Services Market
The IoT professional services market features prominent players like IBM, Accenture, Atos, TCS, Wipro, Cognizant, DXC Technology, and Capgemini leading the innovation curve. These companies are actively investing in expanding their IoT service portfolios through strategic acquisitions and partnerships with technology providers to enhance their capabilities. The focus remains on developing industry-specific solutions and frameworks that accelerate IoT adoption across various sectors. Companies are strengthening their positions by establishing innovation centers, investing in research and development, and building comprehensive partner ecosystems. There is a notable trend toward offering end-to-end IoT professional services, from consulting and implementation to managed services, with an increasing emphasis on security and analytics capabilities. Market leaders are also investing heavily in cloud capabilities and edge computing solutions to deliver IoT services more efficiently and securely.
Market Dominated by Global Tech Conglomerates
The IoT professional services market exhibits a relatively consolidated structure dominated by large global technology conglomerates with extensive service portfolios and deep industry expertise. These established players leverage their strong brand presence, extensive geographic reach, and robust partner ecosystems to maintain their market positions. The market is characterized by frequent strategic acquisitions, with larger players actively acquiring specialized IoT service providers and startups to enhance their technological capabilities and expand their service offerings. The competitive dynamics are further shaped by strategic partnerships between service providers and technology vendors, creating integrated solution ecosystems.
The market witnesses continuous consolidation through mergers and acquisitions, particularly focused on acquiring specialized capabilities in emerging technologies like edge computing, artificial intelligence, and machine learning. Regional players are increasingly being absorbed by global companies looking to expand their geographic presence and acquire local expertise. The competitive landscape is evolving with the entry of telecommunications companies and specialized IoT service providers, though their impact remains limited compared to the established global players. Companies are increasingly focusing on developing industry-specific expertise and solutions, leading to the emergence of specialized service providers catering to specific sectors.
Innovation and Specialization Drive Market Success
Success in the IoT solutions market increasingly depends on providers' ability to deliver specialized, industry-specific solutions while maintaining technological leadership. Companies must continuously invest in emerging technologies, develop robust security frameworks, and build strong partner ecosystems to maintain a competitive advantage. The ability to provide end-to-end solutions, from strategy consulting to implementation and managed services, has become crucial for market success. Service providers need to focus on developing deep domain expertise, creating innovative delivery models, and maintaining strong relationships with technology vendors to stay competitive.
Market players must address the growing demand for customized solutions while managing the challenges of scalability and standardization. The increasing complexity of IoT implementations requires providers to maintain high levels of technical expertise across multiple domains. Success factors include the ability to handle data security concerns, ensure regulatory compliance, and provide seamless integration with existing systems. Companies must also focus on developing flexible pricing models and maintaining service quality while managing the challenges of rapid technological change and evolving customer expectations. The market shows relatively high barriers to entry due to the need for extensive expertise, established client relationships, and significant investment capabilities. Notably, IoT consulting firms like AT&T are making strides in offering comprehensive IoT professional services, including the specialized AT&T IoT professional services, which cater to diverse industry needs.
IoT Professional Services Market Leaders
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IBM Corporation
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AT&T Inc.
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General Electric Company
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Atos SE
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Accenture PLC
- *Disclaimer: Major Players sorted in no particular order

IoT Professional Services Market News
- March 2023: KORE Group Holdings, a global player in pure-play IoT solutions and connectivity-as-a-service ("IoT CaaS"), has agreed to purchase Twilio's IoT business division as part of a growth strategy to offer customers a unified, smooth approach to launching IoT solutions.
- November 2022: A Memorandum of Understanding was signed between Disrupt-X, an IoT platform provider based in the UAE, and LORIOT, a global IoT company based in Switzerland, to assist in deploying the next generation of IoT solutions leveraging the adequate LoRaWAN infrastructure. The alliance plans to market IoT products primarily in the European market.
- February 2022: Astrocast, a global nanosatellite IoT network, announced a partnership agreement with IoT service provider, UnaBiz, to develop an end-to-end IoT solution for asset tracking and monitoring. Through the partnership, Astrocast will provide its direct-to-satellite data service offering and consulting services to UnaBiz. Furthermore, UnaBiz is expected to facilitate the onboarding of Astrocast-enabled devices on UnaConnect, and an ISO27001-certified IoT device management data platform that manages close to a million IoT devices.
- February 2022: Boingo Wireless, a total connectivity provider of distributed antenna systems (DAS), Wi-Fi, and private network, announced its partnership with Qualcomm Technologies Inc. and the Qualcomm Smart Cities Accelerator Program ecosystem to streamline the deployment of IoT devices for venue and enterprise customers leveraging the Qualcomm IoT Services Suite.
IoT Professional Services Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
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4.2 Industry Attractiveness - Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Threat of Substitute Products
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 Regulatory Landscape
- 4.4 IoT Ecosystem (Coverage on Pure, Dual, and Triple Play Vendor Landscape across Service Providers for IoT Development Services, IoT Edge Technologies, IoT Cloud Backend-as-a-service, and IoT Telco Stacks)
- 4.5 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Proliferation of Connected Devices Across the Globe
- 5.1.2 Increasing Demand for IoT-enabled Digital Transformation of Enterprises
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5.2 Market Restraints
- 5.2.1 Concerns Associated With Data Privacy And Security
- 5.2.2 Lack of Standardized Protocols and Frameworks for IoT Deployments
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5.3 IoT Professional Service Offerings (Qualitative Information Covering What Each Service Entails, Trends Across Industries, and Strategic Developments by Service Providers)
- 5.3.1 IoT Consulting
- 5.3.2 Deployment Services
- 5.3.3 Managed Services
- 5.4 Trend across Large Enterprise and SMEs vis-a-vis IoT Consulting and Implementation
6. MARKET SEGMENTATION
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6.1 By Service Type
- 6.1.1 IoT Consulting
- 6.1.2 IoT Infrastructure
- 6.1.3 System Designing and Integration
- 6.1.4 Support and Maintenance
- 6.1.5 Education and Training
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6.2 By Organization Size
- 6.2.1 Small and Medium Enterprises (SMEs)
- 6.2.2 Large Enterprises
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6.3 By Deployment Type
- 6.3.1 Cloud-based
- 6.3.2 On-premises
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6.4 By End-user Industry
- 6.4.1 Manufacturing
- 6.4.2 Retail
- 6.4.3 Healthcare
- 6.4.4 Energy and Utilities
- 6.4.5 Transportation and Logistics
- 6.4.6 Other End-user Industries
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6.5 By Geography***
- 6.5.1 North America
- 6.5.2 Europe
- 6.5.3 Asia
- 6.5.4 Australia and New Zealand
- 6.5.5 Latin America
- 6.5.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles
- 7.1.1 IBM Corporation
- 7.1.2 General Electric Company
- 7.1.3 AT&T Inc.
- 7.1.4 Atos SE
- 7.1.5 Accenture PLC
- 7.1.6 Oracle Corporation
- 7.1.7 Cognizant Technology Solutions Corporation
- 7.1.8 Capgemini SE
- 7.1.9 DXC Technology Company
- 7.1.10 Tata Consultancy Services Limited
- 7.1.11 Virtusa Corporation
- 7.1.12 Wipro Technologies
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
IoT Professional Services Industry Segmentation
IoT professional services include a wide range of professional services and resources, such as customized development and implementation, consulting, training, and technical support to its users to deploy IoT solutions and maximize return on investment. The market for the study defines the revenue accrued from the sales of IoT professional services worldwide.
The IoT professional services market is segmented by service type (IoT consulting, IoT infrastructure, system designing and integration, support and maintenance, education and training), organization size (small and medium-sized enterprises (SMEs), large enterprises), end-user industry (manufacturing, retail, healthcare, energy and utilities, transportation and logistics), and geography (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Service Type | IoT Consulting |
IoT Infrastructure | |
System Designing and Integration | |
Support and Maintenance | |
Education and Training | |
By Organization Size | Small and Medium Enterprises (SMEs) |
Large Enterprises | |
By Deployment Type | Cloud-based |
On-premises | |
By End-user Industry | Manufacturing |
Retail | |
Healthcare | |
Energy and Utilities | |
Transportation and Logistics | |
Other End-user Industries | |
By Geography*** | North America |
Europe | |
Asia | |
Australia and New Zealand | |
Latin America | |
Middle East and Africa |
IoT Professional Services Market Research FAQs
How big is the IoT Professional Services Market?
The IoT Professional Services Market size is expected to reach USD 137.73 billion in 2025 and grow at a CAGR of 7.01% to reach USD 193.27 billion by 2030.
What is the current IoT Professional Services Market size?
In 2025, the IoT Professional Services Market size is expected to reach USD 137.73 billion.
Who are the key players in IoT Professional Services Market?
IBM Corporation, AT&T Inc., General Electric Company, Atos SE and Accenture PLC are the major companies operating in the IoT Professional Services Market.
Which is the fastest growing region in IoT Professional Services Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in IoT Professional Services Market?
In 2025, the North America accounts for the largest market share in IoT Professional Services Market.
What years does this IoT Professional Services Market cover, and what was the market size in 2024?
In 2024, the IoT Professional Services Market size was estimated at USD 128.08 billion. The report covers the IoT Professional Services Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the IoT Professional Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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