A managed service supplier (MSP) represents a third-party entity that delivers ICT services, applications and/or equipment to communication service providers, enterprise, or different service suppliers. MSPs serve as outsourcing agents for firms, allowing their customers to focus on their own core business matters, such as market and selling their products and services. In the case of the Internet of Things (IoT), there are many areas to potentially outsource to a MSP. Two of the most important areas to consider are the IoT Managed Data Services market, which includes data and device management as both are operationally integral to the long-term success of the IoT services ecosystem, yet often difficult to manage from an end-to-end perspective.
IoT Managed Data Services Market Dynamics
As IoT systems and networks grow in complexity and importance, there will be an increasingly urgent need within enterprise for IoT device management platforms and software. The convergence of Cloud, Data Management, IoT Platforms and Solutions is enabling the next evolution of data analytics in which enterprise will realize significant tangible and intangible benefits from IoT data. The ability to sort data in a raw format, store it in different structural formats, and subsequently release it for further analytics, will be of paramount importance for all industry verticals.
To create and maintain a successful relationship long-term, MSPs must do more than reduce capital costs and provide operational expense flexibility. They must also add value in terms of technology integration and provide next generation capabilities. Mind Commerce findings indicate that no major industry vertical will be without real-time, edge computing driven data strategy by 2023 with up to 64% of all segments implementing at least one IoT related real-time data service offering by 2025. This will be one of the key focus areas for IoT services management.
IoT Managed Data Services Market Report
This report addresses the market for IoT managed services. It evaluates data and device management infrastructure technologies as well as the factors driving market needs for data and device management solutions and managed services. This report also addresses key IoT integration areas that impact data and device management including 5G, artificial intelligence, and edge computing. This includes detailed forecasts by Region (including major countries within each region), Service Type, and Sector, Organization, and Deployment Model. In addition, the report provides forecast for each major integration opportunity area including 5G, artificial intelligence, and edge computing. These forecasts cover the period 2018 to 2023.
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