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Worldwide Internet of Things Services Forecast, 2018–2022

Worldwide Internet of Things Services Forecast, 2018–2022

This IDC study presents the 2017–2022 market sizing and growth rates for the worldwide Internet of Things services market."IT and business services firms have a real opportunity to deliver significant business value to their customers seeking to leverage the capabilities of the IoT. Adoption of IoT is gaining traction, and most customers will seek to partner with an external service firm to help them realize their IoT objectives. Successful service firms in this space will be able to address customers' needs for strategy and advisory services, application development and implementation, analytics, product engineering services, training, support, and management services. They will absolutely need strong knowledge and expertise in the specific process domains of focus and that includes whatever operational technology (OT) is being automated. More than any other types of digital transformation, IoT has the potential to vastly change every aspect of the business, and those customers that take a strategic and holistic approach to adoption will be most successful," said Rebecca Segal and Curtis Price, vice presidents and co-leads of IDC's Internet of Things: Services Program.

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Worldwide IoT Services Spending by Region
Americas
EMEA
Asia/Pacific (Including Japan)
Worldwide IoT Services Spend Forecast by Service Market
Project-Oriented Services
Managed Services
Support and Training Services
Trends in the U.S. IoT Services Market
Market Context
Drivers and Inhibitors
Drivers
Proliferation of Interconnected Devices and Things
IoT Ecosystem Complexity
Enterprise Readiness
Inhibitors
Security Concerns
Coordination Between IT and Line of Business
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
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