IoT Engineering Services Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, By Geographic Scope And Forecast Up to 2022 (Trending Report)

Loading...
Loading...

Japan, Japan, Wed, 12 Jan 2022 05:18:06 / Comserve Inc. / -- The IoT engineering services market size is expected to grow from USD 9.87 billion in 2017 to USD 29.53 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 24.5% during the forecast period.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The IoT engineering services market size is estimated to grow at a CAGR of 24.5% during the forecast period
The IoT engineering services market
size is expected to grow from USD 9.87 billion in 2017 to USD 29.53 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 24.5% during the forecast period. The market is said to be driven by the growing need for reduced system troubleshooting and enhanced operational efficiency, the increasing requirement of risk mitigation to minimize the data loss, the increasing adoption of micro services, and the accelerating Social, Mobile, Analytics, and Cloud (SMAC)technologies. However, enterprises face various obstacles while adopting IoT engineering services, due to varying IoT standards and protocols for interconnectivity and interoperability.

The Small and Medium-Sized Enterprises (SMEs) end user segment is expected to have the fastest growth rate during the forecast period
SMEs have realized that immediate response, quick business decisions, and customer satisfaction are the key features to expand the business, generate more revenues, and ensure the desired outcome. Therefore, SMEs are coming up with tailored needs to manage heterogeneous devices and online transaction processing, using reliable device management solutions. It is also believed that the SMEs are facing tough challenges to monitor and manage their heterogeneous devices and systems. As a result, they are adopting reliable IoT engineering services to monitor and manage the business operations and functions.

Loading...
Loading...

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-108984
The Final Report will cover the impact analysis of COVID-19 on this industry: IoT Engineering Services Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, By Geographic Scope And Forecast Up to 2022 (Trending Report)

Industrial manufacturing vertical is expected to have the largest market share during the forecast period
The industrial manufacturing vertical includes network management, data management, security solutions, and remote monitoring. Industrial manufacturing is a complex process, and the IoT engineering services play a key role in eliminating the complexity associated with the technology. The IoT engineering service providers offer comprehensive services by deploying the latest techniques and tools, skills, knowledge, and strategies, to address an organization's technological needs. Using experience engineering, the service providers are also keen on sketching intelligent designs of machines and production to improve the manufacturing processes and applications for attaining the higher economy of scale.

Asia Pacific (APAC) is expected to have the fastest growth rate during the forecast period
APAC is estimated to have the fastest growth rate and expected to dominate the IoT engineering services market during the forecast period, owing to the increasing adoption of advanced technologies, steady economic growth, and ongoing smart city initiatives. The competition in this region is fragmented and the IoT service providers are looking at expanding the base of their services to most of the countries in the region, because of the improving infrastructure and other business strategic moves. Organizations in the region lag behind their counterparts, North America and Europe, in terms of information, security awareness, and technical expertise. The adoption of IoT engineering and testing services is said to be gaining traction in the region to transform the business operations. This region covers some of the potential countries, namely, China, Japan, South Korea, Indonesia, Thailand, Malaysia, and Singapore.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-108984
The Final Report will cover the impact analysis of COVID-19 on this industry: IoT Engineering Services Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, By Geographic Scope And Forecast Up to 2022 (Trending Report)

The break-up profiles of primary participants are given below:
• By company: Tier 1: 53%, Tier 2: 33%, and Tier 3: 14%
• By designation: C-level: 60%, Manager level: 30%, and Director Level: 10%
• By region: North America: 35%, Europe: 30%, APAC: 25%, and RoW: 10%

Research Coverage
The IoT engineering services market has been segmented on the basis of service types, end users, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews; IoT engineering services offering; key strategies; new IoT engineering service launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the IoT engineering services market.


The report will help the market leaders/new entrants in this market in the following ways:
• This report segments the IoT engineering services market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.
• This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report helps stakeholders to better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.4 YEARS CONSIDERED 16
1.5 CURRENCY CONSIDERED 16
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Breakdown of primaries 19
2.1.2.2 Key industry insights 20
2.2 MARKET SIZE ESTIMATION 21
2.3 RESEARCH ASSUMPTIONS AND LIMITATIONS 23
2.3.1 ASSUMPTIONS 23
2.3.2 LIMITATIONS 23

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

The post IoT Engineering Services Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, By Geographic Scope And Forecast Up to 2022 (Trending Report) appeared first on Comserveonline.

Loading...
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...