Press release
IoT Services Market 2022 Analysis By Size, Share, Growth, Trends up to 2026 | Cisco Systems, Cognizant, Google, Infosys, Tieto Corporation, Virtusa Corporation
'IoT Services Global Market Report 2022 - Market Size, Trends, And Global Forecast 2022-2026' by The Business Research Company is the most comprehensive report available on this market, with analysis of the market's historic and forecast growth, drivers and restraints causing it, and highlights of the opportunities that companies in the industry can take on. The iot services market research report helps gain a truly global perspective of the iot services industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.The regions covered in the iot services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest iot services share.
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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.
Key competitors in the internet of things (IoT) services market 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 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%.
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TBRC's report segments the global iot services market:
1) By Type: Professional Services, Managed Services
2) By Vertical: Manufacturing, Retail, IT and Telecom, Transportation and Logistics, Utilities, Healthcare, Energy, Others
3) By Application: Smart Buildings, Smart Manufacturing, Smart Transport and Logistics, Smart Healthcare, Smart Retail, Smart Energy
Read Further On The IoT Services Market Here:
https://www.thebusinessresearchcompany.com/report/iot-services-global-market-report
The 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
.....
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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