Internet of Things (IoT) Managed Services Market 2022-2027 Report provides the latest industry data on market status, market share, growth rate, competition landscape, future trends, budget allocation and key challenges, sales channels, and distributors.
“Internet of Things (IoT) Managed Services Market” 2022: – Report focus on and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications and etc. Data type include capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export and etc. Industry chain, manufacturing process, cost structure, marketing channel are also analyzed in this report. Internet of Things (IoT) Managed Services market report covers the many growth prospect over the approaching years. Likewise, it studies market new product analysis, strategies, financial overview and trends.
The global IoT managed services market was valued at USD 26.96 billion in 2017, and is expected to reach a value of USD 115.05 billion by 2027 at a CAGR of 27.36%, during the forecast period (2021 – 2027). This report provides information about the leading players in the market and a corresponding detailed analysis of the top vendors in the IoT managed services market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
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Company Coverage: –
– Cognizant Technology Solutions Corporation
– Infosys Limited
– Virtusa Corporation
– Tata Consultancy Services Ltd
– Tieto Corporation
– Dell Technologies Inc
– Harman International IndustriesInc.
– Wipro Limited
– HCL Technologies Limited
– Tech Mahindra Limited
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Market Players Competitor Analysis:
The key factors augmenting the adoption of IoT managed services is the major paradigm shift of organizations in various industries, from traditional hosting to cloud hosting services. These organizations are adopting managed service providers (MSPs) to achieve high performance and to aid them in planning financial budget.
Development of New Applications in the Field of Connected Device is Driving Market Growth
Development of new applications and technological advancements in the field of wireless connectivity innovations (such as Wi-Fi, GPRS, and WiMax) are increasing the number of connected devices. The increased security threats, identified with connected devices, and the demand for efficiency in connected devices can be accomplished by the IoT managed service, thus, leaving a positive effect on the IoT managed service market.
Manufacturing Expected to Have the Largest Market Share
The manufactures’ requirement for operational productivity has augmented the usage of sensors through upgraded automation and integrated connected technology solutions over the manufacturing procedure. High volume networking, coupled with a rise in the overall operations, devices and sensors, data, security, and the increasing requirement for managing analytics drive the manufacturing segment in the IoT managed services market.
APAC is Growing at an Exponential Rate
The North American market has been the market of focus for IoT Managed Service companies. The North American market is the highest contributor to the market, followed by Europe and Asia-Pacific. North America holds a major chunk in the global market. The United States is major contributor to the North American market, on account of early adoption and major investments in the IoT technology. The demand for IoT managed service in the Asia-Pacific region is expected to increase significantly during the forecast period. The increase in spending on technologies, rising investments in advanced technologies, and high mobile and internet penetration are the major drivers for the IoT managed service market in Asia-Pacific. India is set to be one of the most attractive destinations for investment activities in IoT, owing to government initiatives, such as smart cities.
Key Developments in the Market
• March 2021 Virtusa acquired eTouch Systems Corp, a technology service company that is specialized in Digital web Engineering. This acquisition is anticipated to expand Virtusa’s digital engineering and IT outsourcing services
• October 2017 Dell EMC expanded its open networking to handle digital transformation that is increasing top-of-rack performance, thereby, bringing open networking to data center interconnect applications
The major players include -COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION, INFOSYS LIMITED, VIRTUSA CORPORATION, TATA CONSULTANCY SERVICES LTD, TIETO CORPORATION, DELL TECHNOLOGIES INC, HARMAN INTERNATIONAL INDUSTRIES, INC., WIPRO LIMITED, HCL TECHNOLOGIES LIMITED, and TECH MAHINDRA LIMITED, amongst others.
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Reasons to Purchase this Report:
- To examine the increased usage of Internet of Things (IoT) Managed Services in Industry that affect the global market scenario
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- To know the modality and application that are expected to dominate the market
- To know the regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by major market players
Customization of the Report:
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Regional Analysis: –
– North America
– Asia-Pacific
– Europe
– South America
– Africa
Some Major Points from TOC: –
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Insights
4.1 Market Overview
4.2 Industry Attractiveness Porter’s Five Industry Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products or Services
4.2.5 Competitive Rivalry among Existing Competitors
4.3 Industry Valuechain analysis
5. Market Dynamics
5.1 Factors Driving the Market
5.1.1 Growing Momentum for Managed Cloud Services
5.1.2 Development Of New Applications In The Field Of Connected Device
5.2 Factors Restraining the Market
5.2.1 Privacy and Security Threats in IoT
6. Technology Snapshot
7. Global IoT Managed Services Segmentation
7.1 By Service
7.1.1 Security Management Services
7.1.2 Network Management Services
7.1.3 Infrastructure Management Services
7.1.4 Device Management Services
7.1.5 Data Management Services
7.2 By End-user
7.2.1 Energy and Utilities
7.2.2 IT and Telecom
7.2.3 Manufacturing
7.2.4 Transportation
7.2.5 Retail
7.2.6 Others
7.3 By Geography
7.3.1 North America
7.3.2 Europe
7.3.3 Asia-Pacific
7.3.4 Middle East and Africa
7.3.5 Latin America
8. Competitive Intelligence Company Profiles
8.1 Cognizant Technology Solutions Corporation
8.2 Infosys Limited
8.3 Virtusa Corporation
8.4 Tata Consultancy Services Ltd
8.5 Tieto Corporation
8.6 Dell Technologies Inc
8.7 Harman International Industries, Inc.
8.8 Wipro Limited
8.9 HCL Technologies Limited
8.10 Tech Mahindra Limited
*List not exhaustive
9. Investment Analysis
10. Future Outlook of the MarketAAAA
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