Global IoT Services Market to Grow 24% by 2020 - Owing to Rising Internet & Smartphone Penetration - Research and Markets
The global IoT services market is projected to exhibit a CAGR of over 24% during 2016-2021, owing to rising internet and smartphone penetration, growing Industrial IoT (IIoT) adoption, coupled with increasing number of smart city projects across various countries.
Global IoT services market witnessed significant growth over the past few years, on account of growing technological advancements, increasing initiatives to automate processes, coupled with booming consumer electronics industry. Furthermore, growing adoption of Bring Your Own Device (BYOD) concept, rising intelligent transportation system market and exponentially increasing volume of data are generating need for data analytics and thereby fueling growth in global IoT services market during next five years.
Managed services dominated global IoT services market in 2015 and the trend is anticipated to continue during the forecast period as well, owing to increasing number of government initiatives towards digitization and increasing IT spending on security services. Although, high demand for IoT services across the globe is emanating from healthcare, smart homes & buildings, smart cities, etc., manufacturing segment dominated global IoT services market in 2015, on account of rising need to reduce costs and increasing demand for data analytics.
Companies Mentioned:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. Global IoT Services Market Outlook
5. North America IoT Services Market Outlook
6. Europe IoT Services Market Outlook
7. Asia-Pacific IoT Services Market Outlook
8. Middle East & Africa IoT Services Market Outlook
9. South America IoT Services Market Outlook
10. Global IoT Services Market Attractiveness Index
11. Market Dynamics
12. Market Trends & Developments
13. Competitive Landscape
14. Strategic Recommendations
For more information about this report visit http://www.researchandmarkets.com/research/cqwkz4/global_internet
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