Middle East & Africa IoT Engineering Services Market to Reach $ 1.7 Billion by 2023
Growing digitalization is driving the adoption of SMACT technologies
across various sectors, which is adding on to the existing technological,
security and business complexities, consequently driving the Middle East &
Africa IoT engineering services market
According to TechSci Research report, “Middle
East & Africa 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 projected to grow at a CAGR of 23.86%, in value terms, during 2018-2023. Adoption of IoT is growing across the finance and insurance sectors, giving rise to the emergence of
‘Fin’-ternet-of-Things, along with various FinTech and InsurTech start ups. The application of IoT engineering services, majorly analytics,
security and maintenance services in BFSI operations offers promising security compliance, enhanced customer experience, automated
workflow and better risk mitigation strategies. Thus, IoT engineering services market
in the region is expected to register double-digit growth during forecast
period.
Browse 19 Figures spread through 49 Pages and an in-depth TOC on "Middle East & Africa
IoT Engineering Services Market"
https://www.techsciresearch.com/report/middle-east-and-africa-iot-engineering-services-market/3428.html
Industrie 4.0 (IIoT) is driving
the convergence of OT and IT, that is, the physical world of sensors, devices
and tools combined with the information processing and analytical capabilities
of IT. This powerful mix is accelerating the digitalization and progressive
smart environment development (smart home, smart city and smart finance) in
the marketplace, further, highlighting the innovative use of convergence such
as Digital Twin and Edge Computing.
Over the coming
years, security engineering segment is likely to
grow at the fastest rate in the Middle East &
Africa IoT engineering services
market, on account of growing concerns regarding data privacy, theft and loss due to increasing business vulnerabilities owing to growing business-technology interdependencies.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3428
Customers
can also request for 10% free customization on this report.
“For the
Internet-of-Everything, such as smart homes, smart cities, smart healthcare,
smart government and smart society, the
demand for information processing power, communication and intelligence
capabilities is anticipated to increase, consequently, requiring highly
scalable, energy efficient and versatile 5G network for the emerging heavy
computational tasks. This is anticipated to further empower rich IoT services
and insightful content across the MEA region over the course of next five years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Middle East & Africa 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.
About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]