FRANKFURT, Germany--(BUSINESS WIRE)--Supercharged by AI, ML and 5G, the market for Internet of Things (IoT) technologies in Germany is accelerating, expected to reach revenue of €50 billion by 2025, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
The 2023 ISG Provider Lens™ Internet of Things – Services and Solutions report for Germany finds IoT has the potential to revolutionize key industries in Germany, including automotive, healthcare and manufacturing, making them significantly more efficient and productive. In addition, IoT can help companies reduce their carbon footprints and meet sustainability targets, ISG says.
“IT service providers are critical in planning and implementing IoT sustainability solutions,” said Philipp Glatz, partner and smart manufacturing lead for ISG EMEA, based in Germany. “Their expertise and support can help clients achieve their individual sustainability goals.”
By analyzing data from IoT devices, AI and ML algorithms can identify potential problems before they occur, allowing for preventive maintenance that can reduce downtime and repair costs. The ability to track vehicles and shipments in real-time and correct inefficiencies can reduce fuel consumption and optimize delivery routes, ISG says.
An increased emphasis on sustainability has led to a major transformation in Germany’s IoT strategy services market as manufacturers have had to rethink their overall approach. Companies are now looking for IoT solutions that can help them save costs by saving energy, ISG says.
According to the ISG report, the integration of AI and ML with IoT devices, along with the spread of 5G technology and the adoption of edge computing, are expected to enhance the capabilities of IoT devices, making them more energy efficient as well as more intelligent.
“Manufacturing still plays a major role in Germany’s economy,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “You can be sure that German manufacturers will continue to develop IoT solutions to expand their competitive advantage.”
The report also examines the latest market development in “edge AI,” which uses complex algorithms on small, low-power devices, enabling more intelligent and efficient data gathering and decision-making.
The 2023 ISG Provider Lens™ Internet of Things – Services and Solutions report for Germany evaluates the capabilities of 43 providers across four quadrants: Strategy Consulting, Implementation and Integration, Managed Services and Data Management and AI on the Edge.
The report names Capgemini, Cognizant, Eviden (Atos) and Siemens as Leaders in four quadrants each, while Accenture, HCLTech and HPE are named as Leaders in three quadrants each. Deutsche Telekom (TSI) and TCS are named as Leaders in two quadrants each, while CANCOM, Kyndryl and NTT DATA are named as Leaders in one quadrant each.
In addition, TCS is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in two quadrants, while Deloitte and Infosys are named as Rising Stars in one quadrant each.
The 2023 ISG Provider Lens™ Internet of Things – Services and Solutions report for Germany is available to subscribers or for one-time purchase on this webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.
