New research report of Global Internet of Things (IoT) Managed Services Market with figures as recent as 2017 and forecasts up to 2024 that helps you track the unprecedented growth seen in the Information and Communication Technology Industry giving you an edge to not just compete but to outmatch the competition.
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The Global Internet of Things (IoT) Ma…d Services Market Analysis accounted for USD 22.23 billion in 2016 growing at a CAGR of 30.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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TOP Key Players :
- Happiest Minds,
- HARMAN International,
- HCL Technologies Limited,
- Infosys Limited,
- Tata Consultancy Services Limited,
- Tech Mahindra Limited,
- Virtusa Corporation,
- Wipro Limited.
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On the basis of service type:- Infrastructure management services, security management services, network management services, data management services, and device management services.
On the basis of vertical:- Smart manufacturing, smart retail, IT and telecom, smart transportation, smart energy and utilities, smart buildings, and others.
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On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa. U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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Major Market Drivers & Restraints:
- Increasing momentum of managed cloud services
- Declining profits from service revenues shifting the focus to MSPs
- Growing inclination toward cost-efficient managed services
- Inability of MSPs to cope up with IoT complexities
- MSPs in IoT space lack scalability and flexibility in their service offerings
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