The “IoT Engineering Services Market by Service Type (Product Engineering, Cloud & Platform Engineering, UI/UX Design, Analytics, Security, Maintenance Services), End User, Vertical (Industrial Manufacturing & Automotive) & Region-Global Forecast to 2022” report has been added to Research and Markets’ offering.
The IoT engineering services market size is expected to grow from USD 9.87 Billion in 2017 to USD 29.53 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 24.5% during the forecast period.
The growing need for reduced system troubleshooting and enhanced operational efficiency, the 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 are said to be driving the market growth.