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How IoT managed services transform businesses in the future? IoT managed services for business owners today, it is not a question of whether IoT will have an impact on their business and the competitive landscape in the market but rather, how this will be relevant in sustaining one’s business.
IoT managed services have a centralised business model where the operator controls a substantial portion of your digital architecture.
IoT managed services have a centralised business model where the operator controls a substantial portion of your digital architecture.
Everything You Need to Know about Smart Sensor Edge Technology
What is Edge Computing?
We are in the midst of significant transformation regarding the way we handle and manage data,, thanks to the digitization of industries. The transition is so compelling that it is called Industry 4.0. From the First Industrial revolution which was spurred by the use of steam powered engines, to the second industrial revolution when steam was replaced by water and electricity enabling mass production, the fourth industrial revolution or Industry 4.0 will take what was started in the third which was characterized by personal computer and the internet besides information and communication technology (ICT) and enhance it with smart and autonomous systems fueled by data and machine learning With the advent of Industry 4.0, we all have heard about the word “Edge” and how it is impacting this era of IoT Technology. Organizations around the world use cloud computing as a centralized server. Generally, it is a distant server, which increases the frequency of communications; this becomes a limitation for applications that requires real-time responses.
This limitation has given rise to edge computing in which nodes can be centralized, distributed, or at the end of the network (the edge), allowing for a more distributed processing of the information generated by peripheral devices. This technology allows computation at the network edge so that computing happens near data sources. In edge computing, the end device not only consumes data but also produces data. It works on downstream data on behalf of cloud services and upstream data on behalf of IoT services.
How to Use Edge Computing for Smart Sensors
The image above demonstrates how to use edge technology; the devices and sensors interact directly with the end user. Although some devices can send real-time data, not all devices have that capacity. In that case, they send information to the Edge infrastructure. Edge infrastructure is the distributed data centers which provide real-time data analysis, visualization filtering, and optimization. Since they are located closer to the end user, they perform a lot of calculations for a large volume of data. With this capability, the edge reduces data flow and the costs of using cloud services as well as reducing end user response time and latency.
Edge Computing Applications for Smart Sensor
Edge computing devices can be used for a variety of applications, including the following:
Health: Edge technology can be used to monitor devices in the health industry.
Remote Monitoring: Collecting and analyzing data from sensors and other field devices, remote monitoring provides industries with insight and visibility into the performance of their machines, processes, and people. Even sensor data can be accessed in real time from any location.
Predictive Maintenance:- Edge computing, coupled with AI/ML algorithms, enables users to more accurately anticipate when machine maintenance will be required based on real-time data from the machine itself.
Real Examples of Edge Device Application for Smart Sensors
Intelligent edge terminal units provide multiple networks, including industry-standard communication networks; that way, you can connect your existing and new sensors to a single device. The edge device transforms data on as per use case basis. It sends raw and transformed data to the public or on premise IOT platform for various visualization and analytics requirements.
The Intelligent Edge Platform Transforms Data into Actionable Intelligence
The Intelligent Edge terminal unit provides data transformation using Python, Node RED, or Flowchart-based programming. It transports raw or transformed data using secured MQTT/HTTP protocols via GSM/4G/Ethernet or Wi-Fi to the IoT Platform in a public cloud or datacentre. Want to know more about Intelligent Edge IoT Platform? Click the link or e-mail us at [email protected] to schedule a demo of the platform.
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Edge IoT Platform
Smart Sensor
Artificial Intelligence (AI) Solutions & Services
Industrial IoT Solutions
IoTfyNow is the leading Industrial IoT provider for small, medium enterprises to achieve Industry 4.0 based Industrial Automation & Smart Manufacturing. Call Us Now!
IoT Managed Services Market Augmented Expansion to Be Registered by 2021
According to a new market research report ”Internet of Things (IoT) Managed Services Market by Service Type (Infrastructure Management, Security Management, Network Management, Data Management, Device Management), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets™, The 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.
The major drivers for upsurge in demand for the IoT managed services market include rising momentum of managed cloud services as industry is transitioning from traditional hosting to cloud hosting. This fuel the rise of Managed Cloud Services. Many organizations are still unware and not successful to exploit the full potential of cloud. So this redirects them to mostly utilize a third party managed cloud service provider for the same.
Browse 36 market data tables and 36 figures spread through 112 pages and in-depth TOC on “Internet of Things (IoT) Managed Services Market by Service Type (Infrastructure Management, Security Management, Network Management, Data Management, Device Management), Vertical, and Region - Global Forecast to 2021"
Major Key Companies
The major vendors covered in the IoT managed services market for this study include Cisco Systems, Inc. (California, U.S.), Cognizant Technology Solutions Corporation (New Jersey, U.S.), HCL Technologies Limited (Uttar Pradesh, India), Harman International Industries, Inc. (Connecticut, U.S.), Infosys Limited (Karnataka, India), Virtusa Corporation (Massachusetts, U.S.), Tieto Corporation(Helsinki, Finland), Tata Consultancy Services Limited (Maharashtra, India), Tech Mahindra Limited (Maharashtra, India), and Wipro Limited (Karnataka, India).
Evolution of IoT technologies and increasing adoption of IoT system for enterprises provide lucrative growth opportunities across the globe over the forecast period. With growing emphasis on connected devices, the high demand for new cloud services is expected by all organizations. The service provider guide companies in creating a new IoT infrastructure to enhance its existing system. It also includes strategy formulation, use case development, roadmap development, technology assessment, and IoT architecture.
Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256294760
The scope of this report covers the IoT managed services market analysis by services type, vertical, and region. The device management services segment is expected to grow at the highest CAGR during the forecast period. Device management services helps to achieve better data security, perform analyses to gain valuable insights from the granular data coming out from these services, and ensure a great customer experience.
The smart transportation segment is expected to have the largest market share and estimated to grow at the highest CAGR during the forecast period. Smart transportation is all about integrating advanced technologies with the existing transportation infrastructure, delivering real-time online information about the traffic flow, tracking of the assets, and passengers/commuters. IoT managed services help the transportation vendors to manage the monitor the complex IoT ecosystem. The increasing requirement for managing analytics, security, devices& sensors, data and high volume networking and increase in the overall operations and responsiveness drives the smart transportation vertical in IoT managed services market.
As per the geographic analysis, Asia-Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The region is estimated to surpass Europe in terms of IoT adoption and deployment in the near future. This growth can be attributed to the growing number of connected devices, sensors, network connectivity, cloud adoptions and others for business applications and also the increasing requirement of the enterprise IT security technologies. The companies in this region are spending heavily on the connected devices; this is driving the adoption of IoT technology among numerous industries in this region. Additionally, the large number of government initiatives for IoT is driving the market in this region.
Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/iot-managed-services-market-256294760.html
About MarketsandMarkets™
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May 24, 2019 (Heraldkeeper via COMTEX) -- Market Research Future published a research report on "Global IoT Managed Services Market Research Report-...
The global IoT managed services market is showing immense growth; mainly due to the increase in demand for connected devices in automotive, healthcare, retail and transportation sector. Increasing momentum of managed cloud services and declining profits from service revenues shifting the focus towards managed service providers are major factors driving the growth of IoT managed services market. Growing inclination towards cost efficient managed services is further fuelling the growth of IoT managed services market.
Market Research Future published a research report on “Global IoT Managed Services Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
