The research report analyzes the scope of consulting services in the IoT and Connected Devices market. It evaluates major market trends, competitive dynamics, and market participants, as well as providing five-year predictions by region and application.
According to the report, the overall IoT consultancy market is expected to grow at a CAGR of 16.1%, from $22.3 bn (2019) to $63.4 bn (2026) in total global revenue. While the implementation service segment is predicted to grow from $8.1 bn (2019) to $22.1 bn in total revenue in 2026.
“Over the next several years, the enterprise IoT platform market is predicted to grow rapidly in terms of revenue and data created. Innominds is very uniquely placed and works as a design house with OEMs, IoT solution providers, and security operations center providers in the IoT project space, assisting them in the launch of new or custom IoT products and solutions by developing real-time operating systems.,” says Sam Lucero – Chief Analyst, IoT Services & Technologies, Omdia.
Innominds focuses on complex solution development at the intersection of embedded hardware design, application logic development, and big data analytics. IoT is one of three core practice areas for the company; within IoT, Innominds focuses on industrial, automotive, medical, and consumer applications. The company’s ‘Connected Devices and IoT’ practice that employs more than 200 engineers and architects, has been supporting IoT customers for more than 12 years and shipped over 100 million IoT devices (representing over 100 brands) using Innominds services to date.
“Innominds has a very strong design house reputation and can build a device from the ground up, giving it a distinct advantage in IoT-related projects. It is a certified design center that creates production-ready systems and has extensive knowledge of wireless, 5G, and IoT technologies. The company primarily works with independent software vendors (ISVs) and original equipment manufacturers (OEMs), but it is gradually branching out into enterprise over the past few years. Our strategic collaborations with leaders in the IoT, 5G, and Cloud ecosystems, supported by a deeper DNA in designing devices, apps, and analytics, are enabling us to power these major businesses’ “Digital Next initiatives” across industries,” says Sairam Vedam, CMO, Innominds.
Innominds works with all three types of customers—ISVs, early-stage software providers, and ODMs/OEMs, as well as enterprise adopters. Innominds has a portfolio of platforms and accelerators that productize the company’s IP speed development of individual engagements. These include iFusion™ (data, AI, and analytics engineering); iSymphony™ (product engineering); iHarmony™ (quality engineering); and iTrill™ (hardware engineering).
Innominds is an AI-first, platform-led digital transformation and full-cycle product engineering services company headquartered in San Jose, CA. Innominds powers the Digital Next initiatives of global enterprises, software product companies, OEMs, and ODMs with integrated expertise in devices & embedded engineering, software apps & product engineering, analytics & data engineering, quality engineering, and cloud & DevOps, security. It works with ISVs to build next-generation products, SaaSify, transform total experience, and add cognitive analytics to applications.