Global IoT Professional Services Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “IoT Professional Services Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the IoT Professional Services Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the IoT Professional Services Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
IoT is developing the network of physical gadgets that feature and IP address for internet connectivity, and the communication that takes place between these objects and other internet-enabled devices and structure. IoT expert services gives a full portfolio of services and competencies to guile the whole IoT life cycle.
There is rising adoption of digital transformation services in organizations by opting for specialized IoT business and technology consulting services. In industrial and transportation sectors there is continuous demand for customized IoT services which give rise to the growth of the market. The service known as IoT consulting services are increasing due to the adoption of technology, connected gadgets, and automation.
Building a recurring revenue stream is an opportunity of the market which boost the market growth. Limited availability of technical skilled persons can restrain the growth of the market. The market has to face several challenges which includes low quality of service offered may challenge the growth of the market.
Key Question Answered:
What will be the market size in 2025 and at what rate it will grow? Who are the major key players in global IoT professional services market and what are their strategies? Which vertical industry is expected to show major growth? What segment and region will lead the market and why?
The major companies profiled in the report include: Capgemini, NTT DATA Corporation, IBM Corporation, Wipro Limited Tech Mahindra, Infosys Limited, Tata Consultancy Services, Accenture PLC, Cognizant Technology, and Atos SE.
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