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IoT Managed Services Market 2019: Competitor Analysis By Cisco Cognizant, Google, HARMAN International, HCL Technologies, IBM, Infosys Limited, Microsoft, Tata Consultancy Services, Wipro Limited

06-24-2019 02:56 PM CET | IT, New Media & Software

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
IoT Managed Services

IoT Managed Services

The report encompasses a thorough study of current situation of the global market along with several market dynamics Competitor analysis is one of the most important aspects of market research report which helps businesses decide upon the strategies by comparing them with the competitors. The use of newest and advanced tools and techniques used for this report makes it the finest in the class. Competitor strategies highlighted in this IoT Managed Services Market report mainly include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this market.

With a systematic problem analysis, model building and fact-finding, IoT Managed Services Market report helps businesses in decision-making and managing marketing of goods and services. The numerical data of this report is mainly backed up by two statistical tools such as SWOT analysis and Porter's Five Forces Analysis. IoT Managed Services Market research report is a meticulous investigation of current scenario of the market, which covers several market dynamics. This Market Report provides data on patterns and improvements, target business sectors and materials, limits and advancements. The IoT Managed Services Market report also identifies and analyses emerging trends along with major drivers, challenges and opportunities in the market.

Some of The Leading Players of IoT Managed Services Market
• Cisco
• Cognizant
• Google
• HARMAN International
• HCL Technologies
• IBM
• Infosys Limited
• Microsoft
• Tata Consultancy Services
• Wipro Limited


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Market Insights

Market Insights
Increasing Demand from the Manufacturing Sector
The increasing adoption of IoT in the manufacturing sector is creating a massive demand for IoT managed services and are significantly driving the global IoT managed services market. With the increasing adoption of IoT in the manufacturing sector, most of the manufacturing companies are facing challenges while implementing IoT such as identification of suitable IoT solution, compatibility of IoT devices from different vendors, and others. To resolve this issue, IoT managed services providers offer services such as evaluate, integrate, and deploy IoT solution based on the requirement. For instance, Microsoft offers Azure cloud platform to enable industrial IoT centric device management. To tap the market vendors are highly focused on offering unique services such as smart enterprise control, smart factory and business interconnect services, asset performance management, and others. Currently, the government, manufacturing, and transport & logistics collectively accounted for almost half of the global IoT managed services market by end-use in 2018. Moreover, the transport & logistics market for IoT managed services is expected to grow with a CAGR of 20.9% during the forecast period of 2019 – 2027.

Integration of Managed Security Services with Other Technologies
IoT Managed service providers are integrating new technologies to gain more intelligent insights about the behavior of malware and other threats. Few vendors have network sandboxing technology with its services to gain access to the behavior of malicious activities in a virtual environment. Network sandboxing technology generates huge volumes of reporting information than traditional tools. Advanced automated security event and log correlation rules are applied to filter out the false positives. The real threats are then analyzed using managed security services technology to understand the behavior and business impact of reaming positive threats. A detailed incident report is generated with specific remediation recommendations. This helps service providers to focus on their resources to true incidents rather than on false incidents. Security management services in IoT managed services market are expected to be the fastest growing segment during the forecast period.

The increasing adoption of IoT in the manufacturing sector is creating a massive demand for IoT managed services and are significantly driving the global IoT managed services market. With the increasing adoption of IoT in the manufacturing sector, most of the manufacturing companies are facing challenges while implementing IoT such as identification of suitable IoT solution, compatibility of IoT devices from different vendors, and others. To resolve this issue, IoT managed services providers offer services such as evaluate, integrate, and deploy IoT solution based on the requirement. For instance, Microsoft offers Azure cloud platform to enable industrial IoT centric device management. To tap the market vendors are highly focused on offering unique services such as smart enterprise control, smart factory and business interconnect services, asset performance management, and others. Currently, the government, manufacturing, and transport & logistics collectively accounted for almost half of the global IoT managed services market by end-use in 2018. Moreover, the transport & logistics market for IoT managed services is expected to grow with a CAGR of 20.9% during the forecast period of 2019 – 2027.

Integration of Managed Security Services with Other Technologies

IoT Managed service providers are integrating new technologies to gain more intelligent insights about the behavior of malware and other threats. Few vendors have network sandboxing technology with its services to gain access to the behavior of malicious activities in a virtual environment. Network sandboxing technology generates huge volumes of reporting information than traditional tools. Advanced automated security event and log correlation rules are applied to filter out the false positives. The real threats are then analyzed using managed security services technology to understand the behavior and business impact of reaming positive threats. A detailed incident report is generated with specific remediation recommendations. This helps service providers to focus on their resources to true incidents rather than on false incidents. Security management services in IoT managed services market are expected to be the fastest growing segment during the forecast period.

GLOBAL IOT MANAGED SERVICES - MARKET SEGMENTATION

By SERVICE
• Device Management Services
• Data Management Services
• Network Management Services
• Security Management Services


By End-Use:

• Government
• Manufacturing
• Transportation & Logistics
• Energy & Utilities
• Smart Building & Home
• IT & Telecom
• Healthcare
• BFSI
• Retail

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Table of Contents
1. INTRODUCTION
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IOT MANAGED SERVICES MARKET LANDSCAPE
5. IOT MANAGED SERVICES MARKET - KEY MARKET DYNAMICS
6. IOT MANAGED SERVICES MARKET - GLOBAL MARKET ANALYSIS
7. IOT MANAGED SERVICES MARKET - REVENUE AND FORECASTS TO 2027 - TECHNOLOGY TYPE
8. IOT MANAGED SERVICES MARKET - REVENUE AND FORECASTS TO 2027 – SERVICES
9. IOT MANAGED SERVICES MARKET - REVENUE AND FORECASTS TO 2027 – APPLICATION
10. IOT MANAGED SERVICES MARKET - REVENUE AND FORECASTS TO 2027 - END-USER
11. IOT MANAGED SERVICES MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
12. INDUSTRY LANDSCAPE
13. IOT MANAGED SERVICES MARKET, KEY COMPANY PROFILES
14. APPENDIX
Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Reason to Purchase:
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the IoT Managed Services market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to components and end user.

Contact Us:
The Insight Partners
533, 5th Floor, Amanora Chambers,
Amanora Township, East Block,
Kharadi Road, Hadapsar, Pune-411028
sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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