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The Asia Pacific IoT managed services market is expected to grow at a CAGR of 28.16% for the forecast period of 2019-2027, generating approximately $XX million by its end. IoT devices are likely to be equipped with powerful embedded processors to carry out advanced computing processes. So, further development in the next generation processors will be fruitful for the advancement of the IoT managed services market.
The countries of India, Japan, China, Australia, South Korea and the Rest of Asia Pacific are the major contributors to the Asia-Pacific market. The market holds a huge potential in areas like safety & security, agriculture, healthcare, and energy. The growing smart city implementation in the region is presenting the market with varied potential growth opportunities.
Qualcomm Incorporated, Cisco Systems Inc., Tata Consultancy Services, Samsung Corporation, International Business Machines Corporation (IBM Corp.), Hewlett Packard Enterprise, Honeywell International Inc., Intel Corporation, Microsoft Corporation, Accenture PLC, Alphabet Inc., Huawei Technologies and Infosys are some of the established companies in the region.