IoT Services Market To Experience Substantial Growth In The Forecast Period 2022-2031 | Cisco Systems, Cognizant, Google, Infosys

The global IoT services market size is expected grow from $163.70 billion in 2021 to $188.80 billion in 2022 at a compound annual growth rate (CAGR) of 15.3%. The growth in the market 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 services market is expected to reach $340.61 billion in 2026 at a CAGR of 15.9%.

The Business Research Company offers the IoT Services Global Market Report 2022 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.

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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.

Some key IoT services market players are Cisco Systems, Cognizant, Google, Infosys, Tieto Corporation, Virtusa Corporation, IBM, Tech Mahindra, Harman International Industries, Microsoft, Wipro, HCL Technologies, Tata Consultancy Services Limited, AT&T, Honeywell International Inc., Amazon, HP (Hewlett Packard), Intel Security Group, Apple, and Qualcomm.

The countries covered in the global 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 IoT services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

IoT Services Market Segmentation:

By Type
1. Professional Services
2. Managed Services

By Vertical
1. Retail
2. IT and Telecom
3. Transportation and Logistics
4. Utilities
5. Healthcare
6. Energy

By Application
1. Smart Buildings
2. Smart Manufacturing
3. Smart Transport and Logistics
4. Smart Healthcare
5. Smart Retail
6. Smart Energy

See more on the report at https://www.thebusinessresearchcompany.com/report/iot-services-global-market-report

The Report's Table Of Contents includes
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

This report covers the trends and market dynamics of the 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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