(2020-2030) IoT Services Market Size, Industry Growth, Emerging Trends With Top Players Cisco Systems, Cognizant, Google, Infosys, Tieto Corporation, Virtusa Corporation, IBM

The Business Research Company offers "IoT Services Market Global Report 2020-30: Covid 19 Growth And Change" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global IoT services market is expected to decline from $143.48 billion in 2019 to $139.36 billion in 2020 at a compounded annual growth rate (CAGR) of -2.87%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities that eventually led to a slowdown in the economy. The market is then expected to recover and reach $260.41 billion in 2023 at a CAGR of 23.17%.

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The internet of things (IoT) services market consists of the sales of IoT as services and their related products. Business entities act as a support to the end-user companies by providing professional and managed services such as network management, data management platforms, infrastructure, and deployment of the IoT technology for making them automated and smarter. Internet of things (IoT) services are delivered by the IoT service providers who provide consulting, security, and analytics services as per the requirement of the business.

An increase in the internet of things use cases is expected to drive the IoT service market. IoT use cases are the areas where IoT can be used for automating the process and increasing productivity. Over the years IoT has found its use in many areas such as manufacturing, farming, smartwatches, smart cities, transportation, and other fields, which has increased the need for IoT services that provide support by delivering services such as consulting, data management, network management, security services, and others.

Internet of Things (IoT) Services Market Segmentation: -
By Type
Professional Services
Managed Services

By Vertical
Manufacturing
Retail
IT & Telecom
Transportation & Logistics
Utilities
Healthcare
Energy
Others

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Few Points From Table Of Content
1. Executive Summary
2. Internet of Things (IoT) Services Market Characteristics
3. Internet of Things (IoT) Services Market Size And Growth
4. Internet of Things (IoT) Services Market Segmentation
5. Internet of Things (IoT) Services Market Regional And Country Analysis
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25. Internet of Things (IoT) Services Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Internet of Things (IoT) Services Market
27. Internet of Things (IoT) Services Market Trends And Strategies
28. Internet of Things (IoT) Services Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the Internet of Things (IoT) Services Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Internet of Things (IoT) Services Market are Cisco Systems, Cognizant, Google, Infosys, Tieto Corporation, Virtusa Corporation, Accenture PLC, IBM, Tech Mahindra, Harman International Industries.

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