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Global IoT Services Market Value Expected To Reach $381.16 Billion By 2025
The Business Research Company offers "IoT Services Global Market Report 2021: COVID-19 Growth And Change To 2030" 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 trend s and strategies that players in the market can adopt.The internet of things (IoT) services market report describes and explains the global Internet of things (IoT) services market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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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.
The global IoT services market is expected grow from $139.24 billion in 2020 to $162.39 billion in 2021 at a compound annual growth rate (CAGR) of 16.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The internet of things (IoT) services market is expected to reach $381.16 billion in 2025 at a CAGR of 24%.
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Some of the major players of the internet of things (IoT) services market are Cisco Systems, Cognizant, Google, Infosys, Tieto Corporation, Virtusa Corporation, IBM, Tech Mahindra, and Harman International Industries.
The countries covered in the global internet of things (IoT) services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global internet of things (IoT) services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global internet of things (IoT) services market is segmented -
1) By Type: Professional Services, Managed Services
2) By Vertical: Manufacturing, Retail, IT & Telecom, Transportation & Logistics, Utilities, Healthcare, Energy, Others
3) By Application: Smart Buildings, Smart Manufacturing, Smart Transport and Logistics, Smart Healthcare, Smart Retail, Smart Energy
Read More On The Global Internet of things (IoT) services Market Report:
https://www.thebusinessresearchcompany.com/report/iot-services-market-global-report-2020-30-covid-19-growth-and-change
Few Points From Table Of Content
1. Executive Summary
2. IoT Services Market Characteristics
3. IoT Services Market Trends And Strategies
4. Impact Of COVID-19 On IoT Services
5. IoT Services Market Size And Growth
...
26. Africa IoT Services Market
27. IoT Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT Services Market
29. IoT Services Market Future Outlook and Potential Analysis
30. Appendix
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