Global IoT Technology & Services spend by enterprises will dominate the ecosystem development; Pegged at USD 216 Billion in 2020, it’s anticipated to develop at a CAGR of 22% to achieve a large USD 554 Billion by 2025, says Zinnov

NEW YORK, Nov. 20, 2020 /PRNewswire/ — Zinnov, a number one world administration and technique consulting agency, launched its world rankings of IoT (Internet of Things) Technology Services Companies, titled, Zinnov Zones for IoT Technology Services – 2020,” at present. The 2020 version of the great research is exclusive as a result of for the primary time, Zinnov has rated Service Providers on use circumstances equivalent to Digital Thread, Telemedicine, Contactless Retail, and Public Infrastructure, along with assessing them for his or her general IoT prowess. The Zinnov research permits enterprise leaders throughout industries to make knowledgeable selections of their companion choice throughout geographies for his or her IoT-led product and repair initiatives.

The Zinnov research highlights that the IoT section has remained buoyant even within the face of COVID-19. Enterprises are persevering with their investments on end-to-end related, clever, and immersive initiatives equivalent to ‘Digital Thread,’ with a view to future-proof themselves from provide chain disruptions, manufacturing halts, and many others. In reality, Digital Thread is already taking part in a key function in how enterprises conceptualize, design, manufacture, and help merchandise, and can proceed to attract giant investments from enterprises.

Digital Manufacturing is one other space the place enterprises are closely investing in, and can grow to be an integral a part of the ‘manufacturing unit of the long run’- the place store flooring staff are empowered with Augmented Reality (AR), 3D printing, and IoT. ‘Contactless Retail’ is one of many extra extensively adopted IoT use circumstances, and has grow to be the proverbial life raft of the Retail vertical. Retailers are deploying IoT-based options store-wide to make sure that shops don’t grow to be hotspots of virus unfold. The pandemic has additionally expedited the retailers’ expertise adoption journey with a lot of them more and more specializing in Drone-based Delivery, Automated Checkout techniques, and Symptom Monitoring techniques, that are additional driving enterprise IoT spend.

The Zinnov Zones research additionally revealed that ‘Telehealth Services’ have gained rising prominence within the present disaster. Services equivalent to telemedicine, distant affected person monitoring, and different important healthcare providers have noticeably come to the fore. With the fast adoption of Tele-consultation platforms, leverage of good sensors and Artificial Intelligence (AI) to watch affected person well being in real-time, IoT is anticipated to witness additional acceleration when it comes to spend and deployment. IoT-based options are taking part in a pivotal function within the struggle towards the pandemic, serving to healthcare suppliers in affected person analysis and therapy, hospital operations, and even scientific trials. In mild of the unprecedented function that IoT has performed in battling the pandemic, governments internationally have renewed their give attention to constructing good and related ‘Public Infrastructure’ with initiatives equivalent to distant disinfection, contact tracing wearables, and drone-based monitoring attracting giant investments.

Speaking concerning the report, Pari Natarajan, CEO, Zinnov, mentioned, “Although there are a number of IoT-based use cases rapidly being deployed to cater to more immediate needs, enterprises are witnessing a fundamental transformation in technology leverage, process mapping, regulatory environment, and customer expectations, forcing businesses to relook at their technology adoption strategies. As business operations undergo this massive shift, IoT-based technologies and use cases will be anchored as the core of their product development initiatives to drive tangible business outcomes and increase customer safety as well as engagement. Given the multitude of uses across different organizations, across verticals that IoT as a technology offers, we expect that the enterprise community will double down on deploying various IoT solutions, resulting in a flywheel of adoption.”

For this research, 40 Global IoT Technology Service Providers had been assessed on their IoT Technology Services prowess and competency, throughout the next segments:

  • Overall IoT Services
  • Digital Thread
  • Telemedicine
  • Contactless Retail
  • Public Infrastructure

‘Zinnov Zones for IoT Technology Services 2020’ research analyzed 40 Global IoT Service Providers on their general IoT prowess in addition to different segments, to place them in 4 Zinnov Zones (‘Nurture Zone,’ ‘Breakout Zone,’ ‘Execution Zone,’ and ‘Leadership Zone’). Accenture, Aspire Systems, Robert Bosch Engineering and Business Solutions Private Limited, Bristlecone, Capgemini, Cognizant, Cyient, eInfochips, Expleo Group, e-Zest, GS Lab, Happiest Minds, HARMAN Connected Services, HashedIn, HCL, Ignitarium, Infostretch, Infosys, intive, Itransition, L&T TS, Marlabs, Microland, Mindteck, Mindtree, Mphasis, Musala Soft, N-iX, Persistent Systems, QuEST Global, Sasken, SoftDel, Tata Elxsi, Tata Technologies, TCS, Tech Mahindra, UST Global, Volansys, VVDN Technologies, Wipro are the worldwide Service Providers assessed on this research.

About Zinnov Zones

Zinnov Zones is an annual score printed by Zinnov which charges Global Technology Service Providers primarily based on their competencies, capabilities, and market success. Since 2009, Zinnov Zones (beforehand generally known as GSPR – Global Service Provider Ratings) has grow to be one of the crucial trusted reviews globally, for each enterprises and Service Providers to higher perceive the seller ecosystem throughout a number of domains equivalent to Digital Transformation, ER&D Services, IoT, RPA, and Media and Entertainment.

This is the twelfth consecutive 12 months that Zinnov has assessed Service Providers for his or her ER&D capabilities. The detailed rankings and make contact with info of service suppliers can be found on https://zinnovzones.com/

About Zinnov

Founded in 2002, Zinnov is a number one world administration and technique consulting agency, with presence in Santa Clara, Houston, Bangalore, Gurgaon, and Paris. Over the previous 18 years, Zinnov has efficiently consulted with over 250+ Fortune 500 enterprises and expertise corporations to develop actionable insights that assist them create worth – throughout dimensions of each income and optimization. With core experience in Product Engineering, Digital Transformation, Innovation, and Outsourcing Advisory, Zinnov assists purchasers by:

  • Enabling world corporations to develop and optimize a world engineering footprint by middle setups, and expertise and useful accelerators to attain increased R&D efficiencies, innovation, and productiveness;
  • Advising world PE companies in asset shortlisting and goal analysis, business due diligence, and worth creation;
  • Growing income for corporations’ services in newer markets by account intelligence, market entry, and market growth advisory;
  • Structuring and implementing Digital Transformation levers enabled by applied sciences like AI/ML, Cloud, IOT, and RPA;
  • Helping world corporations define and drive their open innovation applications, design and function accelerator applications, and allow collaboration with start-ups throughout particular use circumstances and predefined outcomes.

With their workforce of skilled consultants, material consultants, and analysis professionals, Zinnov serves purchasers from throughout a number of business verticals together with Enterprise Software, BFSI, Healthcare, Automotive, Retail, and Telecom within the US, Europe, Japan, and India. 

For extra info, go to http://zinnov.com.

Media contact:

Nitika Goel
Chief Marketing Officer
Zinnov
[email protected]
+1 408-390-5797

SOURCE Zinnov

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