Internet of Things (IoT) Managed Services Market will be Valued at USD 115.05 Billion by 2023, at a CAGR of 27.36% | Cognizant, Infosys, Virtusa, TCS, Tieto, Dell, Wipro, HCL Technologies, Tech Mahindra

Marketprognosis.com Publish a New Market Research Report On “Global Internet of Things (IoT) Managed Services Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Internet of Things (IoT) Managed Services Market:

The Global Internet of Things (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 2023 at a CAGR of 27.36%, during the forecast period (2018 - 2023).

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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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 & sensors, data, security, and the increasing requirement for managing analytics drive the manufacturing segment in the IoT managed services market.

Geographically, 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.

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Major Key Players:

1 Cognizant Technology Solutions Corporation

2 Infosys Limited

3 Virtusa Corporation

4 Tata Consultancy Services Ltd

5 Tieto Corporation

6 Dell Technologies Inc

7 Harman International Industries, Inc.

8 Wipro Limited

9 HCL Technologies Limited

10 Tech Mahindra Limited and More…………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Internet of Things (IoT) Managed Services Market.

Table of Contents:

1 Introduction

2 Executive Summary

3 Internet of Things (IoT) Managed Services Market Overview

4 Internet of Things (IoT) Managed Services Market Dynamics

5 Internet of Things (IoT) Managed Services Market Segmentation

6 Vendor Market Share

7 Company Profiles

8 Investment Analysis

9 Future of the Market

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