The technology advancement in the field of wireless connected innovation such as wifi, WiMax and GPRS and development of new applications are increasing the number of connected devices. These are some of the factors likely to argument growth of the global internet of things market in the coming years.
The global Internet of thing managed service market could be categorized on the basis of service and by industry. Among these, the manufacturing managed service is likely to hold maximum share in the global market in 2016.
The report provides a comprehensive analysis of the global Internet of thing managed services market along with the segmental and regional analysis is also included. The report also provides insight on the major drivers and restraints impacting growth of this market in the year to come. The competitive dynamic of the global internet of things is also provided in the research report.
The paradigm shift of various organization from traditional hosting to cloud hosting services are some of the key factors propelling demand for the global internet o things managed service market in the upcoming years. In addition, several organizations are managed service provider to gain high performance and to plan financial budget and this is likely to another factor fueling demand for the global internet of Things managed service market in the coming years.
The growing security threat which is identified through connected devices and the demand for efficiency in connected devices can be accomplished by the Internet of thing managed service. These are another factors bolstering demand for this market in the coming years.
From a geographical point of view, North America dominates global Internet of Things managed service market owing to presence of large number of companies in the region. This is further trailed by Asia Pacific and Europe. North America holds maximum share in the Internet of Things market.
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However, other economy such as Asia Pacific is likely to register significant growth due to rising demand for Internet of Things in this region. In addition, the increasing investment in internet of thing and increasing spending on technology and rapid increase in mobile usage and internet penetration are some of the factors supporting growth of the global Internet of Things managed service market in the coming years. Other countries such as India is one of key region for the investment activities in Internet of Things due to growing government initiatives such as smart cities.
This section of the report provides insight on major players operating in the global internet of things managed service market. The key companies operating in the global internet of things market are Tech Mahindra Limited, Cognizant Technology Solutions Corporation, Harman International Industries, Inc. and Dell Technologies Inc. The manufactures are largely focused towards research and development activities in order to produce innovative product and to strengthen their foothold across the globe.