Avasant has unveiled its pioneering RadarView™ market assessment for Internet of Things Services. The Internet of Things Services 2019 RadarView™ report covers the top 24 service providers that have shown mature capabilities, future-aligned investments and innovations, and consistent growth in their Internet of Things offerings. The report categorizes the top service providers as follows:
Leaders: Accenture, Cognizant, HCL, IBM, Infosys, TCS, Wipro
Innovators: Atos|Syntel, Capgemini, Happiest Minds, LTI, NTT, Persistent, Tech Mahindra
Disruptors: Birlasoft, Fujitsu, Harman Connected Services, Mphasis, Virtusa
Challengers: Altran, CenturyLink, Mindtree, UST Global, Zensar
Key research findings include:
– Over 45% of Global 2000 organizations are leveraging IoT to enable a transformation towards becoming data-driven enterprises. Using IoT in conjunction with big data/analytics, organizations are developing and scaling alternate business paradigms such as asset sharing, as-a-service and subscription models.
– IoT capabilities combined with AI and Blockchain are driving new efficiencies in industry value chains and becoming the foundation for Industry 4.0 and autonomous enterprise.
– Asset-centric industries such as manufacturing, travel, logistics and utilities scaled IoT implementations first, but other industries such as healthcare, financial services, retail and government have also accelerated adoption.
– Technology providers and service providers are integrating functions and features related to other disruptive technologies in their IoT offerings. This intersection with technologies like AI/ML and analytics, blockchain, edge computing and cybersecurity has become a way to drive true business value
– Acquisitions across the IoT ecosystem have become prevalent. The hardware, technology and connectivity providers, and service providers have used acquisitions as a way to access adjacent opportunities. Enterprises are also acquiring IoT solution providers to transform their businesses and accelerate disruptive product development.
– Security remains a concern. While robust regulations and governing bodies are still being established, enterprises need to be cognizant of the risks, and establish the right governance frameworks and accountabilities.
This Research Byte is a brief overview of the full Internet of Things Services 2019 RadarView™ report. The full report is available at no charge for Avasant clients, or it may be purchased by non-clients directly from our website (click for pricing).
Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.
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