The Latin America, Middle East and Africa IIoT Platform Market would witness market growth of 16.8% CAGR during the forecast period (2021-2027).
The device management platform offers abilities like configuration & control, authentication & provisioning, software updates & maintenance, and monitoring & diagnostics. Moreover, the device management platform is beneficial in providing advanced features like activation certification, device monitoring, configuration, troubleshooting, and service and device enablement. Using device management platforms, manufacturing companies are enabled to efficiently manage and track, and secure devices utilized in a company.
Installed software is helped by the support and maintenance services and it is within the complete IIoT infrastructure. These services involve up-gradation of the existing software; 24 *7 troubleshooting assistance; problem-solving, field maintenance; repairing, replacing failure components; proactive services; test scenario management; and technical support by the technicians. As companies are utilizing various connected devices these days, the support and maintenance service vendors help them reveal potential problems previously and provide solutions to manage problems before they convert into larger problems. Companies are highly adopting these services in order to prevent business threats and protect their devices.
The Brazil market dominated the LAMEA Business Process Optimization IIoT Platform Market by Country 2020, thereby, achieving a market value of $59 million by 2027. The Argentina market would witness a CAGR of 18.6% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 17.8% during (2021 - 2027).
The Platform (Without Services) market dominated the South Africa IIoT Platform Market by Offering 2020, and would continue to be a dominant market till 2027. The Services market is expected to witness a CAGR of 20.8% during (2021 - 2027).
Based on Offering, the market is segmented into Platform (Without Services) and Services. Platform Type segment is further bifurcated across Device Management Platform, Application Enablement Platform and Connectivity Management Platform. Based on Application, the market is segmented into Asset Management, Business Process Optimization, Email, Supply Chain & Management and Automation Control. Based on Industry Vertical, the market is segmented into Energy & Utilities, Logistics & Transportation, Machine Manufacturing, Food & Beverages, Semiconductor & Electronics, Chemical & Materials, Automotive and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global IIoT Platform Market is Predict to reach $14.8 Billion by 2027, at a CAGR of 13.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Cisco Systems, Inc., Microsoft Corporation, Software AG, SAP SE, Hitachi, Ltd., Intel Corporation, Siemens AG, Accenture PLC, and PTC, Inc.
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