IoT Engineering Service Market – Industry Analysis and Forecast (2017-2024) _ by Service Type (Cloud Engineering, Maintenance Services, Product Engineering, Experience Engineering, Security Engineering, Maintenance Services), by End-user (Small & Medium Enterprises and Large Enterprises), Vertical (Healthcare, IT & Telecom, Automotive, Energy & Utilities, Aerospace & Defense, Industrial Manufacturing, Transportation & Logistics), and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America).


IoT Engineering Service Market valued USD 8.3 Billion in 2016 and expected to reach USD 42.3 Billion by 2024, at a CAGR of 26.2%.

Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the service type, end-user, vertical and geography to assist in strategic business planning.

The major factors driving the IoT Engineering Service Market are the rapid growth in the necessity of risk mitigation to reduce the data loss and rising requirement in order to reduce the system troubleshooting and improved operational efficiency. The fluctuating IoT standards & protocols for interoperability & interconnectivity globally and huge initial cost are the major restraining factors that are hampering the IoT Engineering Service Market growth.

The security engineering service type segment is expected to witness lucrative market growth:

The security engineering service is process of developing and designing and set of security technologies and monitoring the solutions in order to detect and prevent the attacks.

Asia Pacific is expected to hold a major chunk of the market during the forecast period:

Asia-Pacific is anticipated to hold substantial market share over next ten years owing to the rsising rivalry among the keys players in this region and players are looking forward to expand their services to maximum countries in this region..

Scope of the Report:

IoT Engineering Service Market, By Service Type: Maintenance Services, Cloud Engineering, Experience Engineering, Product Engineering, and Maintenance Services.

IoT Engineering Service Market, By End-user: Small & Medium Enterprises, Large Enterprises

IoT Engineering Service Market, By Manufacturer Type: Healthcare, IT & Telecom, Automotive, Energy & Utilities, Aerospace & Defense, Industrial Manufacturing, Transportation & Logistics

IoT Engineering Service Market, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America