IoT Services Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the IoT services industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected IoT services market growth numbers 2021-2030.
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The IoT Services Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global IoT services market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The IoT Services Global Market Report 2021 covers IoT services market drivers, IoT services market trends, IoT services market growth rate, IoT services market major players, player-adopted strategies in the market, and IoT services market size.
The global IoT services market is expected to grow from $139.24 billion in 2020 to $162.39 billion in 2021 at a compound annual growth rate (CAGR) of 16.6%. The growth 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 (IoT) services market is expected to reach $381.16 billion in 2025 at a CAGR of 24%.
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The report covers the IoT services market segments-
1) By Type: Professional Services, Managed Services
2) By Vertical: Manufacturing, Retail, IT & Telecom, Transportation & Logistics, Utilities, Healthcare, Energy, Others
3) By Application: Smart Buildings, Smart Manufacturing, Smart Transport And Logistics, Smart Healthcare, Smart Retail, Smart Energy
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Let’s consider some tips that may become useful for any company that one day will desire to benefit by entering the fascinating and promising world of IoT: Don’t Try to Bite Off More Than You Can ChewDetermine What Goals IoT Will Help You AchieveConsider IoT Devices as One of Your Most Valuable AssetsRemember That It’s All About DataThere’s No Such Thing As Too Much TestingPlease read the article Five Tips For Making IoT Scalability Issues As Easy As Pie to Handle to know more.
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