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The Latin America, Middle East and Africa IoT Integration Market would witness market growth of 34.0% CAGR during the forecast period (2022-2028).
It is essential to establish integration methods right away if want to maximize the value of the data received from all IoT devices. With iPaaS, users can simply add new endpoints as needed and connect any number of IoT platforms, on-premise or cloud backend applications, and IoT platforms. Users will be able to better utilize that data and automate procedures if all of the IoT device data is accessible in the applications consumers are utilizing. To harmonize heterogeneous data into a format that systems can understand, iPaaS can handle any data format.
To make sure customers always get the right information, the integration solution can check data during data transmission against business rules. Over the next several years, it's anticipated that the number of IoT devices that are connected would increase quickly. Integration solutions built on iPaaS will ensure that they can handle the growing volume of incoming data.
In 1982, the first connected device was put into use. The computer science department at Carnegie Mellon University connected its primary computer to a Coca-Cola vending machine. The amount of the inventory and whether the beverages were cold or not were indicated via microswitches in each row of the dispenser. Integration with software that could automate refill notifications or signal when beverages are not being cooled was the only thing that was still lacking. Companies now have the tools necessary to act on IoT data.
With more planned, the UAE is one of the largest hubs for data centers in the Middle East. Up to $1 billion in new expenditures are anticipated by 2026. In 2019, Microsoft established two cloud zones in Dubai and Abu Dhabi. A new data center area in the United Arab Emirates will be announced by Amazon Web Services in 2021. In the first half of 2022, the new region which will have three availability zones will open. The UAE government's significant cloud computing investments, along with the nation's competitive business rules and advanced technological infrastructure, are anticipated to advance the industry in the upcoming years.
The Brazil market dominated the LAMEA Large Enterprises Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $180.6 million by 2028. The Argentina market would witness a CAGR of 34.5% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 33.3% during (2022 - 2028).
Based on Service, the market is segmented into Device & Platform Management Services, System Design & Architecture, Testing Services, Application Management Services, Network Management Services, Service Provisioning & Directory Management, Third-party API Management Services, Database & Block Storage Management Services, Advisory Services, and Infrastructure & Workload Management Services. Based on Application, the market is segmented into Smart Building & Home Automation, Industrial Manufacturing & Automation, Smart Healthcare, Smart Retail, Smart Transportation, Logistics & Telematics, and Energy & Utilities. 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 IoT Integration Market is Predict to reach $11.6 Billion by 2028, at a CAGR of 29.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tata Consultancy Services Ltd., Wipro Limited, Atos Group, Accenture PLC, Fujitsu Limited, Infosys Limited, Capgemini SE, HCL Technologies Ltd. (HCL Enterprises), IBM Corporation, Cognizant Technology Solutions Corporation and NTT Data Corporation.
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