Infoholic Research LLP

Rising adoption of mobility technology, increasing awareness about smart technologies among end users, increased spending on IoT technologies in industries and rising mobile subscriber base are a few growth driving factors in the Worldwide Internet of Things (IoT) Managed Services Market.

"IIoT, Industry 4.0 concept, advanced cloud computing, integration of big data analytics into EMI, need for operational cost reduction and better decision making, adoption of sensor technologies, dynamic operation model, new revenue models are few factors which will continue to shape the Europe EMI market."

The increase in online gaming population, advancements in video gaming industry, and innovations in IoT and gaming technologies are driving the AR gaming market growth. The leading technology segment — RFID — is expected to grow at a CAGR of 154.2% during the forecasted period.

Smart Ticketing market will grow at a CAGR of 19.7% during the forecast period 2017-2023 to aggregate $14.19 billion by 2023. Increasing demand for RFID, NFC, open payment system, QR code, and barcode technology is expected to drive the smart ticketing market.

Rising demand for automation and the need for real-time information are expected to drive the market growth for IoT in Process Manufacturing. The network technologies such as Wi-Fi, Ethernet, Bluetooth, 4G, and 3G will boost the IoT implementation in the process manufacturing industries.

Increasing cost of healthcare, technological advancement, ageing population, and rising chronic diseases are driving the growth of artificial intelligence in healthcare. The leading technology segment - Natural Language Processing - is expected to grow at a CAGR of 61.6% and reach $487.7 million by 2022.

CaaS applications have evolved rapidly in the past 3 years. It has assisted in both Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). The services will get integrated and replace Software as a Service (SaaS) to evolve further in the next 5-10 years.