Information Communication and Technology Reports IoT Managed Services Market Report | Seite 2
Smart transportation segment is expected to grow at the highest CAGR during the forecast period. Smart
transportation is all about integrating advanced technologies with the existing transportation infrastructure,
delivering real-time online information about the traffic flow, tracking of the assets, and passengers/commuters.
IoT managed services help the transportation vendors to manage and monitor the complex IoT ecosystem. The
increasing requirement for managing analytics, security, devices & sensors, data, and high volume networking,
along with the rise in the overall operations and responsiveness, drives the smart transportation vertical in the IoT
managed services market.
As per the geographic analysis, North America is expected to have the largest market share. North America is likely
to benefit from its rapid digitization across industry verticals, increasing adoption of smart connected devices, and
technological advancements, followed by robust network infrastructure and presence of major IoT managed
services that offers specialized managed services. The need for better operational efficiency and business process
at a low operating cost is expected to drive continuous growth in the IoT managed services market.
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