The Latin America, Middle East and Africa IoT Professional Services Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).
The demand for long-distance infrastructure has grown significantly due to the expanding population and increasing urbanization. As a result, governments all across the world are implementing smart city projects in areas like safety, transportation, and utility management to address these issues. Additionally, it is anticipated that problems, including rising traffic congestion and greenhouse gas emissions, would enhance the adoption of energy management and smart mobility technology.
Several governments are using the Internet of Things (IoT) platforms to monitor municipal infrastructures and manage elements like parking, traffic, and water and air quality. Using the collected smart data, these communities are addressing long-term planning choices centered on environmental sustainability. In the coming years, more smart city initiatives and projects will materialize as the world gradually moves toward urbanization.
The goal of Dubai's IoT strategy is to create the most technologically sophisticated IoT eco-system possible in the world's most intelligent metropolis. The Smart Dubai Plan aims to safeguard Dubai's digital assets to realize its 2024 goal of becoming a fully paperless government. This encourages government agencies to participate in the Emirate's dynamic, smart change. Its six strategic sectors include management, deployment, monetization, acceleration, government, and security. The Dubai IoT initiative unifies the data sources for the Dubai Pulse platform, that acts as Dubai's digital backbone.
The Brazil market dominated the LAMEA IoT Professional Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,786.3 million by 2028. The Argentina market is experiencing a CAGR of 9.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.6% during (2022 - 2028).
Based on Type, the market is segmented into IoT Consulting, System Designing & Integration, Support & Maintenance, IoT Infrastructure, and Education & Training. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Type, the market is segmented into On-Premises and Cloud. Based on Application, the market is segmented into Smart Manufacturing, Smart Transport & Logistics, Smart Energy, Smart Healthcare, Smart Retail, and Smart Buildings. 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 Professional Services Market is Predict to reach $170.7 Billion by 2028, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Cognizant Technology Solutions Corporation, IBM Corporation, Oracle Corporation, Tata Consultancy Services Ltd., NTT Data Corporation, Infosys Limited, Atos Group, Capgemini SE, and DXC Technology Company.
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