Market Research Report IoT Engineering Services Market Report 2018

Analysis of Global IoT Engineering Services Market
Report 2018-2022
A new report released by Businessindustryreports.com titled
“Global IoT Engineering Services Market 2018” that targets
and provides comprehensive market analysis with future
prospects to 2022. The IoT Engineering Services Market
report broadly provides the in-depth study of market growth,
trends, share, industry overview, size and top players.
Global IoT Engineering Services Market Overview:
According to Market Analysts Global IoT Engineering Services Market size is to maintain the
average annual growth rate of 21.37% from 5520 million $ in 2014 to 9870 million $ in 2017.
Market analysts believe that IoT Engineering Services Market size will be further expanded, The
market size of the IoT Engineering Services will reach 29530 million $ by 2022.
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The demand for IoT engineering services is said to be driven by the growing need for reduced system
troubleshooting and enhanced operational efficiency, increasing requirement of risk mitigation to
minimize the data loss, the increasing adoption of micro services, and the accelerating Social,
Mobile, Analytics, and Cloud (SMAC) technologies.
The IoT Engineering Services Market is segmented based on Service Type, Vertical and Region. On
the basis of service type, the market is sub-segmented into Product Engineering, Cloud Engineering,
Analytics Services, Maintenance Services and other. Product engineering service type is expected to
have the largest market share during the forecast period.
On the basis of vertical, the market is sub-segmented into Automotive, Aerospace and Defense,
Healthcare, Transportation and Logistics and other. Healthcare vertical is expected to grow at the
highest CAGR during the forecast period.
Regionally, Asia Pacific is expected to hold the largest market share and estimated to grow at the
highest CAGR during the forecast period.