"The latest IoT Managed Services Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving IoT Managed Services Market.
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Factors such as increasing pace of smart infrastructure development, growing number of connected devices, and increasing investments for the improvement in telecommunication is expected to be the major market driving forces in the coming years. As a result, the Asia-Pacific, South America and MEA region is anticipated to drive the market growth of IoT managed services market in the coming years. Moreover, the growing popularity of smart cities concepts and emphasis towards improving vehicle mobility especially among densely populated cities is projected to drive the market growth among developed economies.
The IoT managed services market on a global scenario was valued at US$ 30.2 Bn in 2018 and is expected to grow at a CAGR of 18.5% during the forecast period 2019 – 2027, to account to US$ 135.0 Bn by 2027
Major Key players covered in this IoT Managed Services Market report-
- CISCO SYSTEMS, INC.
- Cognizant
- GOOGLE, INC
- HARMAN International
- HCL Technologies Limited
- IBM Corporation
- Infosys Limited
- Microsoft
- Tata Consultancy Services Limited
- Wipro Limited
The global IoT managed services market is witnessing a high growth due to the factors such as increasing adoption of IoT across the industry, penetrating smartphones, increasing cyber-attacks, and others. The Asia Pacific region is holding the prominent market share of global IoT managed services market and are expected to witness high Y-o-Y growth during the forecast period. This growth is attributed to the increasing industrialization in developing countries such as China and India.
The scope of the IoT Managed Services Market Report:
The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the IoT Managed Services in North America, Europe, Asia-Pacific, Middle East Africa, and South America. The study also provides market insights and analysis of the IoT Managed Services, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.
The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
Major highlights of the report:
- All-inclusive evaluation of the parent market
- Evolution of significant market aspects
- Industry-wide investigation of market segments
- Assessment of market value and volume in past, present, and forecast years
- Evaluation of market share
- Tactical approaches of market leaders
- Lucrative strategies to help companies strengthen their position in the market
IoT Managed Services Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East Africa, and Central South America
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