Information Communication and Technology Reports IoT Managed Services Market Report | Page 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. Browse Complete Press Release @ services.asp https://www.marketsandmarkets.com/PressReleases/iot-managed- About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: [email protected] Visit Our Website: https://www.marketsandmarkets.com