Category: IT Management
Enhanced scalability and agility of data stored on servers, reduced hardware expenditure, ubiquitous accessibility of enterprise data and availability of continuous technical support are growth drivers in this market
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.
As the cloud infrastructure is growing, the demand for single tenancy and security improves the strength of the market, leading hardware segment to hold the majority of the share and reach $4,639.2 million by 2022, while services market will reach $3,616.2 million.
In the present dynamic discrete manufacturing market, manufacturers are aggressive in their growth strategies, are focused on reducing operational costs, and committed to achieving high-efficiency levels in production and supply chain. These factors, in addition to the advancements in wireless solutions and analytics, are likely to drive the market for IoT in discrete manufacturing.
Increasing demand for aligning IT with business needs, demand for improved consistency & compliance, technological advancements, and rising labor costs are driving the infrastructure automation market growth. The leading solutions segment - orchestration and integration - is expected to grow at a CAGR of 19.2% during the forecasted period..