Asia Pacific IoT Engineering Services Market to Grow at 24% CAGR until 2023
Industry 4.0 is driving adoption of Digital
Twin technology across manufacturing, transportation & logistics,
utilities, healthcare, aerospace & defense, and several other sectors,
thereby fueling Asia-Pacific IoT engineering services market
According
to TechSci Research report, “Asia-Pacific
IoT Engineering Services Market By Service, By End User Sector, By Country,
Competition Forecast & Opportunities, 2013 – 2023”, IoT
engineering services market in the region is forecast
to grow
at a CAGR of over 24%, in
value terms, during 2018-2023. Industrie 4.0 revolution has taken the
world on a transformational whirlwind by integrating physical and digital
assets, thereby accelerating the digitalization in the marketplace by
leveraging Digital Twin, IIoT and analytical capabilities majorly across manufacturing, transportation, and
energy & utilities sectors. These factors are anticipated to boost demand for IoT engineering services across the region in
coming years.
Browse 24 Figures spread through 60 Pages and an in-depth TOC on "Asia-Pacific IoT Engineering
Services Market"
https://www.techsciresearch.com/report/asia-pacific-iot-engineering-services-market/3425.html
On the basis of service, security
engineering segment is likely to grow at the fastest rate in the Asia-Pacific IoT
engineering services market during the forecast period, owing to increasing data
privacy, theft and loss concerns, on
account of growing business-technology interdependencies giving rise to these
business vulnerabilities. Over
the coming years, share of healthcare sector is expected to grow at a robust pace in
the market, majorly due to increasing focus on healthcare quality quotient,
giving rise to reformed, intelligent, connected and mobile healthcare services.
China is expected to dominate the
region’s IoT engineering
services market, owing to the tech-savvy population, digitalized governance and rich
economy.
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“With continuous technological innovations, data
telecommuting and mobility trends, and increasing IT quotient among
millennials, businesses and government organizations, demand for smart and connected things is growing, consequently, requiring
IoT engineering services across entire product development, deployment,
maintenance and security phases across the region.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Asia-Pacific IoT Engineering Services Market By Service, By End User
Sector, By Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the
future growth potential of the IoT engineering services market and provides
statistics and information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers to take sound investment decisions. Besides, the report also identifies
and analyses the emerging trends along with essential drivers, challenges and
opportunities existing in the market.
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