Press release
IoT Managed Services Market 2018 Global Leaders: Intel, Accenture, Cisco System, Microsoft, HP, HP Qualcomm, Google, International Business Machines, AT & T
Market Highlights
Innovation and the numerous benefits such as flexibility, disaster recovery, automatic software updates and others; provided by the cloud technology has boosted the adoption of cloud services. The enterprises and industries are adopting cloud services on a large scale as it is cost efficient and provides high performance. According to the analysis, to sustain the technological advancements of cloud technology and the penetration of IoT, there has been a great demand for IoT managed services. Cloud services are coupled with cyber security threats. Rising adoption of cloud services is also leading to the requirement of data security services. There has been a recent news dated February 26, 2017; about Avnet, the leading global technology distributor partnered with AT&T to integrate IoT managed services with cloud applications and deliver it impeccably into their IoT solution stack. The IoT managed services are industry specific therefore many organizations prefer IoT managed services for their specified requirements. However, security has been a major concern in all the sectors and the IoT managed service for IoT security assessments is the best solution available in the market.
The Global Iot Managed Services Market is expected to reach at USD 84.12 billion with 24.48% of CAGR from 2016 to 2022.
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Taste the market data and market information presented through more than 60 market data tables and figures spread over 85 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “IoT Managed Services Market Research Report -Forecast to 2022”.
IoT Managed Services Global Market - Segmentation
The IoT managed services market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
• Segmentation by Service Type: Comprises of Infrastructure Management Services, Security Management Services, Network Management Services, Data Management Services and Device Management Services
• Segmentation by Organization Size: Comprises Of SMEs and Large Enterprises
• Segmentation by Application: Comprises Of Smart Manufacturing, Smart Retail, IT & Telecommunication, Smart Transportation, Smart Energy & Utilities, Smart Buildings and Others
• Segmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Key Players:
The prominent players in the market of IoT Managed Services market are –Accenture Plc. (Ireland), Cisco System Inc. (U.S), Google Inc. (U.S), Apple Inc. (U.S), AT & T Inc. (U.S), Intel Corporation (U.S), Microsoft Corporation (U.S), HP Inc. - (U.S), - International Business Machines Corporation (IBM) (U.S), Qualcomm Inc. (U.S) and among others
IoT Managed Services Global Market - Regional Analysis
North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the IoT managed services market in North America owing to the presence of a large number of established key players such as Cisco Systems Inc., Google Inc., Apple Inc., Intel Corporation, Microsoft Corporation, HPE, IBM and Qualcomm Inc. among others. Also, U.S. is leading the market in North America due to the technological
advancements and early adoption of internet of things in the region. IoT managed services market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 due to rise in demand for managed services across different industry verticals in China, Japan, and India in the region. Whereas, the Europe market for IoT Managed Services is expected to grow at a considerable CAGR (2017-2023).
Industry News
February 2018 – Cisco has launched a new ‘5G Now’ portfolio for service providers taking action. More than 20 global service providers and mobile operator customers globally are advancing their 5G action plans. Cisco here is focused on providing three things, namely services, infrastructure and automation. The key elements in Cisco’s “5G Now” Portfolio include Multi Cloud, IP Core, 5G packet core and service edge, access, client services, security, and professional services.
January 2018 – PTC has partnered with Microsoft Corporation in order to help customers accelerate their digital transformations in IoT. Both the companies will align the technology and expertise in order to deliver a robust solution for Industrial IoT and digital product lifecycle management. However, PTC will be responsible for offering a managed service of ThingWorx which will be delivered on Azure.
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Intended Audience
• IoT Managed Services Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• Stakeholders
• End-user sectors
• Technology Investors
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