IoT Engineering Services Market Scope
The Internet of Things (IoT) allows engineers to follow the products they design and also enable engineers to learn how their design performs in reality so they can generate more productive and efficient products in the future. By utilizing the cloud, IoT platforms, smart product modules, big data, and connectivity, engineers will steer the future of engineering innovation. IoT is the technology engineers need to gain valuable insights and eventually to improve designs.
The market study is segmented by Type (Product Engineering [Connected Devices, Software], Cloud Engineering [DevOps, Cloud Architecture, Testing and Validation], Experience Engineering [User Interface Design, Human Machine Interface], Analytics Services, Maintenance Services and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that Indian Players will contribute to the maximum growth of Asia IoT Engineering Services market throughout the predicted period.
Integra Sources (Russia), Infosys Limited (India), Tata Consultancy Services (India), NEC Corporation (Japan), INEAX AT ENGINEERING SDN. BHD (Russia), Tech Mahindra Limited (India), Happiest Minds Technologies Private Limited (India), eInfochips (India), Prodapt Solutions Private Limited (India), Happiest Minds (India), Agera Consulting (Japan) and TAAL Tech (India) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Asia IoT Engineering Services market by Type, Application and Region.
On the basis of geography, the market of IoT Engineering Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Automotive will boost the IoT Engineering Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On July 26, 2019 - Star Alliance, the world's largest airline alliance, and NEC Corporation, global leader in IT, network and biometric technologies, has signed a partnership agreement to develop a biometric data-based identification platform that will significantly improve the travel experience for frequent flyer program customers of Star Alliance member airlines. and On March 25, 2019 - Happiest Minds Technologies, a next-generation digital transformation, infrastructure, security, and product Engineering Services Company, announced that it has joined Siemens’ MindSphere Partner Program to provide digital transformation services and develop vertical apps using MindSphere. Happiest Minds is a MindSphere Gold Partner.
- Development of Enhanced IoT Applications
- Acceleration in the SMAC Technologies
- Growing Need for Enhanced Operational Efficiency
- Rising Requirement of Risk Moderation to Minimize Data Loss
- Explosion of IoT Technology amongst Small and Medium Enterprises
- Increase in the Number of Smart City Projects
- High Initial Cost in Designing the New IoT Ecosystem Model
- Different Requirements Could Affect Business Process
Key Target AudiencePlatform Provider of IoT, Service Provider of IoT, IT Industry and Governmental Bodies
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