The IDC’s recently published findings unveil a wide range of Internet of Things opportunities for service providers across the globe
In the latest update from the IDC, the Corporation has revealed details of its newly published study, which indicate that service providers around the world could benefit from a variety of IoT opportunities.
The report’s key findings showed:
- The Americas region represented 52.2 percent of the worldwide IoT services market opportunity in 2016.
- The EMEA region represented 34.4 percent of the worldwide IoT services market opportunity in 2016.
- The Asia/Pacific (including Japan) region represented 13.4 percent of the total IoT services market opportunity in 2016.
- Project-based services represented the highest percentage of market opportunity in 2016, and will gain nearly one point of market share to 56.7 percent by 2021, approaching $30.8 billion.
- Business consulting represents the fastest growing segment of the project-based services market.
The study, which is called ‘Worldwide Internet of Things Services Forecast, 2017-2021’ was co-authored by Curtis Price, Vice President of Infrastructure Services, and Rebecca Segal, group vice president of Worldwide Services.
Segal commented, “Service providers have a real opportunity in the IoT services market to show significant value to their customers by helping plan, implement, support, and operate IoT initiatives.”
The three regions of the world which were featured in the study are the Americas, the EMEA, and the Asia/Pacific region.
According to IDC, the study “details the 2017-2021 market sizing and growth rates for the worldwide Internet of Things (Iot) services market as well as provides insights for services firms looking to capitalize on this exciting opportunity. The study provides IoT services spending forecasts by region and markets.”