Current excitements within the Internet of Things (IoT) managed services market

At the core of stakes we have performance and effectiveness. Research and Markets reveals that, the major driver for the increase in the demand for IoT managed services market is the growing momentum of managed cloud services, as industry is shifting from traditional hosting to cloud hosting.

According to the firm, the Internet of Things (IoT) managed services market size is expected to grow from USD 21.85 Billion in 2016 to USD 79.60 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 29.5% during the period 2016-2021.