IoT Services Market Application, Scope, Growth Drivers, Insights, Market Report from 2021 To 2029


Posted December 14, 2022 by pranit10

IoT Services Market was valued US$ 106.09 Bn in 2021, and is expected to reach US$ 161.01 Bn by 2027, at CAGR of 7.20% during forecast period.

 
IoT Services Market Overview:

The report has forecasted to expected fluctuations in demand of IoT Services by year and by country, which is supposed to give good idea about the future course of movement about the IoT Services market. The supply side by key players by region and by end user is given in volume as well as volume in the report. The report also has given the expected demand and supply gap over the period, focusing on the market opportunities for key players in IoT Services Industry.

Competitive landscape chapter has covered the market structure by region. Market share in each country for market leader, market followers and local players has given in the report for 2021 and also the forecast of share in 2029. Every key player has been studied in the report in strategic perspective.

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IoT Services Market Scope and research methodology:

34 key economies are covered in the report from all five continent, however, that does not make the report general understanding about market but deep insight in each geographical and end user segment have made this report exclusive in the market.

Bottom up approach has been applied to collect the data, analyse, validate the same and come on conclusion for each country. Secondary and primary methods have been used to collect the data. Annual reports of each key players are referred as source however; data is purchased from different sources available in market in each country. Import-export data is purchased from each country’s tax department or relevant department. Primary respondents were selected on the need basis to validate the figures and analysis done through secondary research.

IoT Services Segmentation:

Managed services have developed and become a vital sector for the survival of IoT systems in terms of network, security, data, and device management across the cyber security issues. The demand for managed services has risen to an all-time high due to the fact that cybersecurity expenditures worldwide have exceeded USD 95 billion and that damages from cybercrime are expected to cost USD 6 trillion by 2020.

A significant portion of the market for IoT services is anticipated to be accounted for by transportation and logistics. Existing transportation infrastructure making way for connectivity and real-time surveillance are a few important factors that will affect the growth. The demand for global IoT services has also been fueled by an increase in the need for managing analytics, security, data, high volume networking, management, digitalization, and more responsive operations.

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IoT Services Key Players:

Due to the limitations of giving profiles of all the players, companies for profiling sections are chosen on different parameters like market leader, local leaders, innovative companies. Profiling section of the report covers the competitive benchmarking of key players by region. Benchmarking is done on market presence, dominance pricing, penetration in end use application, market share, recent expansions, M&A.

Even though all the players in the industry are not profiled, it is taken caret that while estimating market size not a single player in scope area is missed out of consideration. “Profiles of additional companies can be provided on request”, said Sr. Research Analyst at MMR.

The major players covered in the IoT Services market report are

Vodafone Global PLC
Accenture PLC
Atos SE
NTT Data Corporation
Tech Mahindra
Luxoft Holding Inc.
EPAM Systems, Inc.
NIIT Technologies
Lochbridge Inc.
Dell Technologies Inc.
Bosch
Rogers Communication Inc.
Deloitte
AGT
Key Questions Answered in the IoT Services Market Report are:

Which segment held the largest share in the IoT Services market in 2021?
Competitive landscape by region
Who are the market leaders, market followers, and new entrants?
Strategies of market leaders in each segments with investment
SWOT analysis of each player
Region wise market structure and dynamics that impact the industry and companies
What was the competitive scenario of the IoT Services market in 2021?
Which are the key factors responsible for the IoT Services market growth?
Which region held the maximum share in the IoT Services market in 2021?
About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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Issued By MMR
Business Address pune
Country India
Categories News
Tags iot services market , iot services , iot
Last Updated December 14, 2022