SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ -- A new market study
published by Global Industry Analysts Inc., (GIA) the premier
market research company, today released its report
titled "Internet of Things (IoT) Engineering Services - Global
Market Trajectory & Analytics". The report presents fresh
perspectives on opportunities and challenges in a significantly
transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 737
Companies: 36 - Players covered include Accenture PLC;
AGT; Arrow Sustainable Technology Solutions; AT&T; Atos SE;
Bosch; Capgemini; CGI; Cisco; Cognizant; Dell Technologies Inc;
Deloitte; EPAM Systems, Inc; Ericsson; Globecomm; Harman
International Industries; Infosys; Integron; Jetter AG; Lochbridge
Inc; Luxoft Holding Inc; NIIT Technologies; NTT Data Corporation;
Rogers Communication Inc; Tata Consultancy Services ; Tech
Mahindra; Tech Mahindra; Tieto Corporation; Verizon Enterprise
Solutions; Virtusa Corporation; Vodafone Global PLC; Wind River and
Others.
Coverage: All major geographies and key segments
Segments: Service Type (Product Engineering, Cloud
Engineering, Experience Engineering, Analytics Services,
Maintenance Services, Security Engineering, Other Service
Types)
Geographies: World; United
States; Canada;
Japan; China; Europe
(France; Germany; Italy; United
Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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templates and much more. You may also build your own bespoke report
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ABSTRACT-
Global Internet of Things (IoT) Engineering Services Market
to Reach $57 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things
(IoT) Engineering Services estimated at US$17.4 Billion in the year 2020, is projected to
reach a revised size of US$57 Billion
by 2026, growing at a CAGR of 21.5% over the analysis period.
Product Engineering, one of the segments analyzed in the report, is
projected to record a 22.8% CAGR and reach US$18 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the
pandemic and its induced economic crisis, growth in the Cloud
Engineering segment is readjusted to a revised 21.1% CAGR for the
next 7-year period.
The U.S. Market is Estimated at $5.9
Billion in 2021, While China is Forecast to Reach
$8.9 Billion by 2026
The Internet of Things (IoT) Engineering Services market in the
U.S. is estimated at US$5.9 Billion
in the year 2021. China, the
world`s second largest economy, is forecast to reach a projected
market size of US$8.9 Billion by the
year 2026 trailing a CAGR of 20.9% over the analysis period. Among
the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.3% and
18.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately
14.8% CAGR.
Experience Engineering Segment to Reach US$5.8 Billion by the year 2026
In the global Experience Engineering segment, USA, Canada,
Japan, China and Europe will drive the 18.2% CAGR estimated for
this segment. These regional markets accounting for a combined
market size of US$1.4 Billion in the
year 2020 will reach a projected size of US$4.9 Billion by the close of the analysis
period. China will remain among
the fastest growing in this cluster of regional markets.
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CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.