The rising utilization of the solutions provided by the developers and players functional within the global IoT application development services market in the automotive domain stands out as one of the most prominent drivers for the expansion of the industry in coming years. The solutions offered by the vendors in the global IoT application development services market are utilized in the automotive sector for fleet management, vehicle tracking services, connected vehicles operations, vehicle monitoring, remote vehicle diagnostic services, and no texting as well as safe driver services, among others. Numerous players in the global IoT application development services market are also focusing on providing enhanced solutions to automotive vendors in order to facilitate enhanced customer satisfaction by providing transparent, efficient, and flexible functionalities.
Another salient driver motivating the growth in the global IoT application development services market is the increasing demand for cost effective business operations across various end use industry verticals. Furthermore, the increasing need for accurate analysis of data acquired through implementation of automation process as well as the rising usage of connected devices working on the IoT platforms and capabilities are also motivating increase in sales in the global IoT application development services market. Players operational in the global IoT application development services market offer various essential services to their end users, such as software testing and quality assurance, support and maintenance, application development, and integration as well as implementation.
The major and leading players and vendors functional in the landscape of the global IoT application development services market are Intel Corporation, Texas Instruments Incorporated, Blockchain Education Network, Cuelogic, Digiteum, Hidden Brains Infotech, Intuz, MindInventory, PureSiftware, iPraxa, SAP SE, Belitsoft, Velvetech, Geneca, and Peerbits, among others. Players and vendors in the global IoT application development services market are focused on new product launches as the primary growth strategy to weed out their competition. For instance, a new 3rd gen scalable processor range was launched by the Intel Corporation in April of 2021. This series, known as Intel Xeon Scalable Processors go hand in hand with Intel’s current product inventory of Optane persistent storage and memory, FPGAs, and Ethernet adapters, to provide optimized and advanced software solutions.
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