Internet of Things (IoT) Managed Services Market Analysis and Forecast by Rapid Growth Rate 2020 Value Share Analysis by Regions, Industry Size, Key Insights till 2024

Internet of Things (IoT) Managed Services

The “Internet of Things (IoT) Managed Services Market” report 2020 covers all the significant developments which are recently being adopted across the global market. The prime objective of the Internet of Things (IoT) Managed Services market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends, and opportunities. The Internet of Things (IoT) Managed Services market report covers both the demand and supply aspects of the market. The report also highlighted the future trends in the Internet of Things (IoT) Managed Services market that will impact the demand during the forecast period.

Scope of the Report:

The IoT comprises of devices, applications, security, and connectivity, which all need a well-managed service. Therefore, solutions managing these devices have gained traction, owing to the growth in IoT.

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Market Overview:

  • The internet of things (IoT) managed services market was valued at USD 36.4 billion in 2018, and it is expected to reach a value of USD 124.2 billion by 2024 at a CAGR of 27.82%, during the forecast period (2019 - 2024).
  • - Due to continuous advancements in cloud technology, cloud computing helps in the storage and analysis of huge data generated by IoT, so that enterprise can get the maximum benefit of an IoT infrastructure. This is enabling the market to grow faster.
  • - Increasing demand from agriculture in smart farming, and manufacturing sector for increasing equipment efficiency is a key driver for the growth of the IoT managed services market.
  • - However, exposure of confidential information regarding the privacy concerns is a key challenge for the market.<

    Some of the Top Key Players of Internet of Things (IoT) Managed Services Market Report Are:

  • Atos SE
  • IBM Corporation
  • Capgemini SE
  • Infosys Limited
  • Tata Consultancy Services Limited (TCS)
  • Harman International (Samsung )
  • Accenture PLC
  • Tech Mahindra Limited
  • Larsen & Toubro Infotech
  • Aricent Inc.

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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    Key Market Trends:

    Adoption of Wireless IoT Devices in the Agriculture Sector to Drive the Market Growth

    - Application of technologies, like IoT, in the agriculture industry may have the greatest impact on the market. According to the UN, the global population is set to touch 9.6 billion by 2050, so, to feed this much population, the farming industry must embrace IoT.
    - Framing technologies, such as smart and precision farming based on IoT technologies, are expected to enable farmers to reduce waste and enhance productivity ranging from the quantity of fertilizer utilized.
    - In IoT-based smart farming, a system is built for monitoring the crop field with the help of sensors (light, humidity, temperature, soil moisture, etc.) and automating the irrigation system. The farmers can monitor the field conditions from anywhere. IoT-based smart farming is highly efficient, when compared with the conventional approach.
    - The applications of IoT-based smart farming not only target conventional large farming operations, but also may be used to uplift other growing or common trends in agriculture, like organic farming, family farming (complex or small spaces, particular cattle and/or cultures, preservation of particular or high quality varieties etc.), and enhance highly transparent farming. This may enable the IoT managed services market to grow efficiently in the forecast period.

    Asia-Pacific is Expected to Witness the Highest Growth Rate

    - As the Asia-Pacific region is developing, it holds major expansion potential, owing to the booming commercial sectors, like healthcare, safety and security, manufacturing, energy, and agriculture. This is enabling the IoT market to grow at a faster rate.
    - Due to integration of blockchain and cryptographic processes across IoT security services, IoT offers centralized management of network and associated data, thereby reducing the business vulnerabilities and security concerns, as well as fueling the IoT in the engineering services market in this region.
    - The countries, such as India, Japan, China, Australia, and South Korea, are the major contributors to the Asia-Pacific market, and the growing smart city implementation in this region is presenting the market with varied potential growth opportunities.
    - Moreover, growing government initiatives to encourage healthcare providers and other healthcare organizations to adopt EHR and EMR technologies and aggressive investments from nonprofit entities and private sectors in different applications are some of the factors expected to drive IoT managed services market in the Asia-Pacific region.

    The Report Covers:

    • Comprehensive research methodology of Internet of Things (IoT) Managed Services market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Internet of Things (IoT) Managed Services market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Internet of Things (IoT) Managed Services Market Report 2020-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Continuous Advancements in Cloud Technology for Huge Data Storage
    4.3.2 Increasing Demand from Agriculture and Manufacturing Sector
    4.4 Market Restraints
    4.4.1 Exposure of Confidential Information Regarding Privacy
    4.5 Industry Attractiveness - Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry


    6.1 By Application
    6.1.1 Network Management
    6.1.2 Device Management
    6.1.3 Data Management
    6.1.4 Security Management
    6.1.5 Other Applications
    6.2 By End User
    6.2.1 Energy and Utilities
    6.2.2 Manufacturing
    6.2.3 Agriculture
    6.2.4 Healthcare
    6.2.5 BFSI
    6.2.6 Retail
    6.2.7 Government & Defense
    6.2.8 Other End Users
    6.3 Geography
    6.3.1 North America
    6.3.2 Europe
    6.3.3 Asia-Pacific
    6.3.4 Rest of the World

    7.1 Company Profiles
    7.1.1 Atos SE
    7.1.2 IBM Corporation
    7.1.3 Capgemini SE
    7.1.4 Infosys Limited
    7.1.5 Tata Consultancy Services Limited (TCS)
    7.1.6 Harman International (Samsung )
    7.1.7 Accenture PLC
    7.1.8 Tech Mahindra Limited
    7.1.9 Larsen & Toubro Infotech
    7.1.10 Aricent Inc.



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