Europe Iot Managed Services Market Forecast 2017-2025
KEY FINDINGS The Europe IOT managed services market is expected to generate a net worth of $40383.6 million by rising at a CAGR of 21.88% for the forecast period of 2017-2025.
MARKET INSIGHTS The market is segmented on the basis of its service, organization size, and end-users. The Network management services dominated the service segment of the market in 2016. Due to their compliance with the network system of any organization and the fact that they can provide optimum utilization of available resources with better network connectivity and operational insights, the network management services are predicted to continue their reign throughout the forecast period. However, major factor hindering the market growth is the dearth of flexibility and scalability. Also, data loss due to security glitch is a major concern that has emerged for the market in recent years.
COMPETITIVE INSIGHTS Some of the leading market companies are Microsoft Corporation, IBM, Cisco Systems Inc, Huawei Technologies, Google Inc, SAP, Hewlett Packard Enterprise Co, Accenture Plc and Qualcomm Incorporated.