PUBLISHER: Mind Commerce | PRODUCT CODE: 1225877
PUBLISHER: Mind Commerce | PRODUCT CODE: 1225877
This report assesses the IoT managed service market including network managed service, data managed service, security managed service, and access managed services. Mind Commerce conducted a study to identify and measure the scope for IoT managed service in each major market segment, service types, and by global region. The report covers developments in carrier-based services as well as service bureau-based IoT managed service.
IoT managed services are becoming increasingly popular with businesses around the world. For example, automation systems in industrial sectors, and in particular manufacturing companies, are constantly seeking greater operational efficiencies. This includes lower production downtime, lower production costs, and increased productivity, among other benefits. Managed IoT services are poised to deliver in this regard for both large corporations as well as SMB entities.
A managed IoT services provider allows businesses to implement end-to-end, commercial-ready solutions on a large scale, while also providing the flexibility to scale up or down as needed. Managed IoT services also provide organizations the ability to achieve higher levels of digital transformation and a more streamlined reach across external and internal supply chains.
One of the key goals of IoT managed services is to reduce complexity associated with implementation and operation of IoT networks and systems. Some leading companies are directly addressing these issues. For example, Qualcomm is hoping to solve the fragmentation challenges that have plagued the IoT space with the launch of Aware, a platform that combines the company's silicon with a cloud framework and features developer-friendly tools such as open application protocol interfaces (APIs).
This is crucial as IoT APIs are the cornerstone of signaling, communications, and data exchange. This is arguably critically important in the case of database access for various transactions. The prudent use of APIs provides operational flexibility, scalability, and enhanced opportunities for new application and service deployment. APIs will become table stakes for IoT interoperability between platforms, devices, and gateways. Moreover, IoT APIs will become a critical part of major IoT application and service developer programs.
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