IoT Services Market was valued US$ 113.72 Bn in 2022, and is expected to reach US$ 185.02 Bn by 2029, at CAGR of 7.2% during forecast period.
IoT Services Market Overview:
The "IoT Services Market" research report provides the latest market insights to assist decision-makers in making well-informed investment decisions. It offers an in-depth analysis of the global IoT Services Market, segmented by Product Type, End Users/Application, Key Manufacturers, and Major Regions. This study closely examines the IoT Services Market and explores the factors contributing to growth variations across different areas.
The primary goal of this study is to deliver a comprehensive analysis of the IoT Services Market by geography, industry, and segments. The report provides detailed information on the key factors driving the growth of the IoT Services Market sector, along with a thorough examination of the market's value chain.
IoT Services Market Report Scope:
The global "IoT Services Market" study analyzes critical industry factors such as developments, segmentation, growth prospects, opportunities, challenges, and competitive analysis. The segmentation analysis focuses on revenue forecasts by region, type, and application for the years 2024–2030. This study also examines the market's size, development status, and forecast, alongside competitive levels and profiles of prominent firms.
The research process to evaluate and forecast the IoT Services Market begins with gathering revenue data from key suppliers through secondary research sources. Market segmentation is developed considering vendor offerings. The bottom-up methodology is used to estimate the overall size of the IoT Services Market, based on the revenue of major firms.
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Research Methodology:
Almost half of the population all around the world are connected with each other. While China formed the largest online market globally with average internet users crossing 720 million in 2016 itself, US followed closely with around 300 million users in 2016.
Growth of smartphones and other devices is also increasing the number of contacts present between brands and consumers, thereby giving new opportunities to connect. A few of these contacts together with mobile technology is reshaping IoT services industry by enabling broader brand experiences, like branded content and social media engagement to boost market share.
IoT Services Market Segmentation:
by Type
Professional Services
Consulting
Designing & Integration
Support & Maintenance
Infrastructure
Others
Managed Services
Security Management
Network Management
Data Management
Device Management
Others
by Vertical
Manufacturing
Retail
IT & Telecom
Transportation & Logistics
Utilities
Healthcare
Energy
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IoT Services Market Key Players:
1. AT&T
2. Ericsson
3. Cisco
4. Cognizant
5. Infosys
6. Harman International Industries
7. Tieto Corporation
8. Virtusa Corporation
9. Tata Consultancy Services
10. Vodafone Global PLC
11. Accenture PLC
12. Atos SE
13. NTT Data Corporation
14. Tech Mahindra
15. Luxoft Holding Inc.
16. EPAM Systems, Inc.
17. NIIT Technologies
18. Lochbridge Inc.
19. Dell Technologies Inc.
20. Bosch
IoT Services Market, by Region:
- North America: Canada, Mexico, and the United States
- Europe: Austria, Sweden, Germany, Italy, Spain, UK, and France
- Asia Pacific: Bangladesh, Pakistan, Taiwan, Malaysia, Vietnam, South Korea, Japan, India, Australia, Indonesia, and the rest of APAC
- Middle East and Africa: South Africa, GCC, Egypt, Nigeria, and the remainder of ME&A
- South America: Brazil, Argentina, and the remaining parts
Separate market share data is available for North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Maximize analysts assess competitors' advantages and conduct independent competitive analyses of each opponent.
If you have any queries about this research, please get in touch with us at IoT Services Market.
Key questions answered in the IoT Services Market Report:
- What will be the CAGR of the IoT Services Market during the forecast period (2024-2030)?
- Which segment emerged as the leading segment in the IoT Services Market in 2030?
- Who are the key players in the IoT Services Market?
- What key trends are likely to emerge in the IoT Services Market during the forecast period?
- Which sub-segment held the largest share in the IoT Services Market?
- How is the competitive landscape of the IoT Services Market projected to be in 2030?
- What are the key drivers impacting the growth of the IoT Services Market?
- Which region holds the maximum share in the IoT Services Market?
Key offerings:
- Thorough segmentation analysis of the IoT Services Market
- In-depth market analysis of the entire sector
- Financial forecasts and revenue estimates for market trends
- Examination of key market factors: trends, investment opportunities, growth drivers, and limitations
- Analysis of the competitive environment, including key participants and stakeholders in the market
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