Global IoT Engineering Services Market is segmented into service type, end-user, vertical, and region. Based on service type, the IoT engineering services market is classified into cloud engineering, maintenance services, product engineering, experience engineering, security engineering, maintenance services, and others.
Global IoT Engineering Services Market is expected to reach US$ 42.3 Bn by 2024 from US$ 8.3 Bn in 2016 at a CAGR of 26.2% in the forecast period.
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In terms of service type, product engineering services offer business values, such as reduction in product development expenditure and cycle times, standardization of design processes, developed product performance, reduced rework cycles, and advancements in the existing IoT infrastructure. The growing demand for enriching customer experience places emphasis on cutting-edge product engineering services, thereby leading to the growth of the market. Based on vertical, healthcare vertical is anticipated to grow at the highest CAGR during the forecast period. Connected devices enable healthcare organizations to streamline operations, business processes, and aid in real-time patient care, even from remote locations.
The study objectives are:
To analyze and research Global IoT Engineering Services Market
status and future forecast，involving, production, revenue, consumption, historical and forecast.
· To present the key Global IoT Engineering Services Market, production, revenue, market share, and recent development.
· To split the breakdown data by regions, type, manufacturers and applications.
· To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
· To identify significant trends, drivers, influence factors in global and regions.
· To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In terms of region, Asia Pacific is anticipated to hold the largest market share and expected to grow at the fastest CAGR during the forecast period. 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. Some of the key players in the IoT engineering services market are Wipro, Aricent, IBM, Capgemini, TCS, Happiest Minds, Infosys, eInfochips, Cognizant, Tech Mahindra, and RapidValue among others.
Key Players operating in the Global IoT Engineering Services Market
• Happiest Minds
• Prodapt Solutions
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Global IoT Engineering Services Market
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