IoT Managed Services Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025

IoT Managed Services market: Introduction

To help manage energy costs and improve comfort and convenience, the customers are seen investing in IoT solutions. IoT provides the opportunity for managed services to improve their service interactions, gain more information about the users and their behaviors related to specific devices and services, and ultimately provide better support, maximize operational efficiency and reduce operational overhead. Some of the IoT Managed Services are fleet tracking, operational efficiency and business model transformation in different industries, cloud based video surveillance, home control and automation, power monitoring and loss identification, healthcare and wellness services and city wide Government IoT capabilities.

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IoT Managed Services market: Drivers and Challenges

Cost containment, demand for customer choice and improved interactions with existing DSM programs point toward the potential of IoT to help transform the relationship between utilities and their customers. IoT enables customers to manage their energy independent from their utility and will require a rethinking of current utility business models to capture market share in this broader demand management landscape.

MSPs will be required to make substantial investments to support IoT devices as in many cases, to support a device, part of the code may need to be rewritten or modified which could include an IoT device's embedded operating system (OS), the drivers that enable it to communicate with a network, or the device's remote management software or in some cases, it could be a basic modification in terms of a change to values in a configuration file such as auto-starting a service on the OS which means that they may want to modify the firmware itself and recompile it to add support for additional protocols. It totally depends and is on a case-by-case basis. This would lead the company to invest more on these problems solutions and the greatest challenge will be recruiting staff with the appropriate data analytics skills for the companies which are looking forward to advance in IoT Managed Services market.

IoT Managed Services Market: Segmentation

Segmentation of IoT Managed Services market on the basis of End-User shows the direct sector in which it is used. On the basis of End-User the IoT Managed Services market can be segmented into Commercial and Residential.

Segmentation of IoT Managed Services market on the basis of Verticals shows the use of these services in different segments. On the basis of Verticals the IoT Managed Services market can be segmented into Oil and Gas, Mining, Discrete Manufacturing, Transportation and Defense, Machine to Machine, Healthcare and Retail.

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IoT Managed Services Market: Key Players

Some of the key players of IoT Managed Services Market include Cisco Systems, Inc., Google, Cognizant Technology Solutions Corporation, Prodea, Scalable Systems, HCL Technologies Limited, Harman International Industries, Inc., Infosys Limited, Virtusa Corporation, Tieto Corporation, Tata Consultancy Services Limited, Tech Mahindra Limited, and Wipro Limited.

IoT Managed Services Market: Key Development

In October 2017, Google Cloud launched a public beta of their Cloud IoT Core services, which is a fully managed offering for IoT messaging and device management. This comes in place as the service open in private preview with a few customers previously, but the launch opens the service to all users and provides a competing solution to the IoT offerings.

IoT Managed Services Market: Regional Overview

On the basis of geography, IoT Managed Services Market can be segmented into five key regions namely North America, Latin America, Europe, APAC and Middle East & Africa. Among various regions, the IoT Managed Services Market in North America is expected to dominate during the forecast period owing to a more adaption of IoT devices. APAC is expected to increase fast as due to the presence of creditable organizations that are gradually moving to a digital marketing trend related IoT managed service market.

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The report covers exhaustive analysis on:

IoT Managed Services market Segments, IoT Managed Services market Dynamics, Historical Actual market Size, 2012 - 2016, IoT Managed Services market Size & Forecast 2017 To 2027, Supply & Demand Value Chain, IoT Managed Services market Current Trends/Issues/Challenges, Competition & Companies involved, IoT Managed Services market Value Chain, IoT Managed Services market Drivers and Restraints

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