Report Code: A14716 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Software maintenance and Support refers to the services (care) provided by the licensee (holder) of the software products to the licensee including, but not limited to, repairs, improvements, and other similar code or software programs. Technical services (support) may be installed or sold as a separate supplier by the licensee and covered under this release. This exemption does not apply if there is more than one support service provider.
COVID-19 Scenario Analysis:
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Growing Need to Reduce Maintenance Cost and Downtime:
Companies are using AI and ML technology to achieve greater clarity, accuracy, and speed than traditional business intelligence tools to analyze IoT data. With the advent of speculation maintenance, businesses can make operational guesses up to 20 times faster and with greater accuracy than threshold-based monitoring systems, such factors drive the growth of the market. However, with a variety of verticals, such as industrial production or coastal oil and gas, the unplanned rest from a mechanical breakdown can be costly. Moreover, IoT-based solutions provide businesses with predictive planning solutions to predict equipment failures ahead of time. As industrial consumers become more aware of the rising cost of maintenance and downtime caused by unexpected mechanical failures, conservation savings solutions are gaining traction even more. Pre-based forecasting solutions help businesses identify patterns in endless data streams to predict equipment failures, which will provide ample opportunity for the market during the forecast period.
Lack of Skilled Workforce:
Qualified staff needs to manage the latest software applications to use IoT technology based on AI and capabilities. Therefore, existing employees need to be trained in how to use new and improved systems. In addition, industries have the potential to embrace new technologies; however, it faces a shortage of highly skilled workers. As more and more global vendors plan forecasting projects, the need for more skilled workers is growing. Companies need to get expertise in areas, such as cyber security, communications and applications. In addition, it wants to use IoT data to predict results, prevent failure, improve performance, develop new products, provide advanced analytics capabilities, including AI and ML, these technologies will play a key role in reducing operating costs. In addition, with businesses integrating AI into IoT, there will be a growing need for intelligent data analytics teams to manage large amounts of data generated from IoT devices.Â
Key Benefits of the Report:
Questions Answered in the Global IT Maintenance and Support Services Market Research Report:
IT Maintenance and Support Services Market Report Highlights
Aspects | Details |
---|---|
By Service Type |
|
By Application |
|
By Organization Size |
|
By Region |
|
Key Market Players | IBM, Fujitsu, Symantec, NEC, HP, Lenovo, Oracle, Dell, Hitachi |
Loading Table Of Content...
Start reading.
This Report and over 71,295+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time for readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers