Key Factors for Global Automotive Steel Piston Automotive Steel Piston new project SWOT analysis | Page 2

Report Highlights

Globally, the rising adoption rate of smart technologies in various industries
has led the demand for the IoT technologies. Most of the businesses today
are spending on smart technologies to improve their customer satisfaction,
reduce the operational costs, and increase the ROI. Within few years, billions
of devices will be connecting to the internet from various industries. The
increase in the number of connected devices will lead to high demand for the
managed services. To run the IoT technologies successfully, a properly
managed service in each layer of IoT ecosystem is required. The IoT consists
of devices, connectivity, security, applications and a properly managed
service is required to manage these in an effective way. Hence managed
services will play a major role in the IoT market.

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