IoT Engineering Services Market Is Projected To Grow At A CAGR Of 23% To Surpass USD 30 Billion By 2023 | TechSci Research
Global IoTengineering services market stood at $ 8.9 billion in 2017, and is projected to grow at a CAGR of 23% to surpass $ 30 billion by 2023, backed by expanding market of smart and connected devices and ongoing Industrial IoT adoption. Growing demand for IoT engineering services for various activities such as security, maintenance, analytics, product engineering, etc., as well as rising focus on operational efficiency enhancement and risk mitigation across critical sectors such as manufacturing, energy & utilities, government and healthcare are expected to positively influence the global IoT engineering services market during forecast period. Years considered for this report: Historical Years: 2013-2016 Base Year: 2017 Estimated Year: 2018 Forecast Period: 2019–2023 Objective of the Study: To define, segment, describe and forecast the global IoT engineering services market on the basis of service type, end use sector, region and company. To analyze ...