The article cited AMA's Global IoT Professional Service Market Study explored substantial growth with CAGR of %. According the report, The Advent of Wireless access to IoT Professional Service
is one of the primary growth factors for the market. The need for Improved Asset Monitoring and Maintenance Across Industrial Utilities
is also expected to contribute significantly to the IoT Professional Service market. Overall, Commercial
applications of IoT Professional Service, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as AT&T Intellectual Property (United States), Accenture plc (Ireland), IBM (United States), NTT Data Corporation (Japan), Capgemini SE (France), Cognizant (United States), Vodafone Limited (United Kindom), Infosys Limited (India), Genpact (United States), DXC Technology Company (Luxoft) (Switzerland), Atos (France) and Wipro (India) may see astonishing sales in this Market and certainly improve revenue growth.
The Industry Verticals, such as Manufacturing, is boosting the IoT Professional Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment, such as On-premise, is boosting the IoT Professional Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global IoT Professional Service market identified that the demand is rising in many different parts of the world as "The Emerging use of IoT Professional Service in Blockchain Industry
". Furthermore, some recent industry insights like "On 27th November 2019, Accenture and Snam announced that they have signed the memorandum of understanding to study and assess solutions based on Internet of Things (IoT) technologies to boost the innovation and sustainability of energy networks as a part of the global strategic push towards an energy transition. The collaboration is part of a broad initiative by Snam — dubbed "SnamTec, Tomorrow’s Energy Company" — that calls for investments of over €1.4 billion in innovation and energy transition by 2023 involving everything from the application of new technologies to increase the networks’ sustainability to a commitment to green sectors such as sustainable mobility, renewable gas, hydrogen, and energy efficiency." is constantly making the industry dynamic. One of the challenges that industry facing is "Adherence to Stringent Regulatory Guidelines"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of IoT Professional Service market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of IoT Professional Service market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the IoT Professional Service market tight? Which application/end-user category or Product Type [IoT Consulting, Deployment Services, System Designing & Integration, Managed Services, IoT Integrated Solutions and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the IoT Professional Service market and other related sub-markets covered in the study.
o Key & emerging players in the IoT Professional Service market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall IoT Professional Service market size is calculated using market estimation process, the IoT Professional Service market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global IoT Professional Service market size has been validated using both top-down and bottom-up approaches.