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Internet of Things Managed Services Market by Service Type, Vertical, and Region - Global Forecast to 2021

Internet of Things Managed Services Market: Global Forecast until 2021

  • February 2017
  • 114 pages
  • ID: 4716215
In this report:
North America is expected to account for almost ##.##% of the overall IoT managed services market share in 2016 and is estimated to grow at a CAGR of ##.##% during the forecast period.
Among the service types, the network management services segment is expected to hold the largest market share of ##.##% in 2016 and is estimated to grow at a CAGR of ##.##% during the forecast period.

Summary

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Growing inclination toward cost-efficient managed services is predicted to push the rise of the IoT operated services industry

The IoT operated services market size is forecasted to grow from ~$21.9B in 2016 to ~$79.6B by 2021, at a Compound Annual Increase rate of 29.50 percent during the period 2016-2021. The main drivers for the upsurge in demand for the IoT operated services industry contain increase of managed cloud services and increasing inclination towards cost effective managed services. The inability of Managed Service Providers to cope up with IoT complexities and the lack of scalability and flexibility in their service offerings are the main restraints for the IoT operated services sectors.

Smart manufacturing is projected to have the largest part of market share

The smart manufacturing vertical is anticipated to have the biggest market share during the outlook period. The manufacturers' need for operational efficiency has grown the utilization of sensors through enhanced automation and integrated connected technology solutions across the manufacturing process, which in turn, has rised the industry demand for IoT operated services for several manufacturing applications.

Asia Pacific (APAC) is anticipated to rise at a faster rate during the estimate period

As per the geographic review, Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. The territory is expected to surpass EU in terms of IoT adoption and deployment in the upcoming future. This increase can be accredited to the increasing number of connected devices, sensors, network connectivity, and cloud adoptions for business applications and also the growing requirements of the enterprise IT security technologies.

In the process of finding out and checking the market value for various segments and subsegments collected by secondary research, extensive primary audit sessions were managed with main industry personnel. The break-up profiles of primary discussion participants are given below:

- By Company Type: Tier-1 (39.0 percent), Tier-2 (34.0 percent), and Tier-3 (27.0 percent)

- By Description: C-suite (68 %), Grade of manager (21 %), and Others (11.0 percent)

- By Area: Europe (EU) (36 %), Asia-Pac (24 %), North America continent (22 %), and the Rest of World (18.0 percent)

Segment Research

The overall IoT operated services market has been split on the basis of services type, vertical, and area. An in-depth study of the regions has been done to furnish business insights into the potential future business opportunities in several regions. Additionally to this, product portfolio review, value chain study, and strategic benchmarking are some of the other MarketsandMarkets review included in the study.

Reasons to Buy the Report

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the IoT operated services industry comprehensively and offers the best approximations of the revenue data for the global market and the sub segments, across different areas.

2. The market research benefits the partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate the partners to better find out the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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