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Many organizations are still to adopt the IoT professional services and although the market for its adoption is increasing year after year for reducing business complexities and improving profitability, few of them still lag behind their targets.
If Internet of Things as a whole is a treat for the organizations just as candy is for a kid, it boosts and enhances the results in the shortest periods.If we are to talk about the factors behind the increasing effect of the Internet of things on the professional services market, then the rapid increment of connected devices across the globe would be one such factor.
There is however a need for customized IoT professional services in the industrial and transportation sectors.With better and appropriate information on consumer and market, any organization’s productivity can be doubled in its attempt and results too.
If adopted, these services can affect the productivity of a business directly by making it efficient and less time-consuming.
Internet of Things Professional Services Market The service type, the system designing, and integration services segment of IoT professional services market is estimated to grow at the highest CAGR during the forecast period from 2018 to 2023.For improving the system designing and integration, Internet of Things related to business systems can provide solutions to support and risen their operational systems and business activities.
As per MarketsandMarkets, The IoT professional services market is projected to grow from USD 79.0 billion in 2018 to USD 189.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.1% from 2018 to 2023.

The digital maintenance technology of today's chemical industry can improve the performance of enterprises in the global competitive environment.For many chemical suppliers, digitization can be a confusing word.
A simple definition is that digitization is the use of digital technology to change business models and provide new revenue and value creation opportunities; it is a process of transferring to digital business.According to the latest MarketResearch.com Blog in the chemical industry trend, digital technology can help chemical suppliers in many aspects, such as capturing key data and drawing insights, at a lower cost, to improve production, arrange preventive maintenance, minimize downtime, promote accurate inventory planning, prevent shortage.After reading the interest areas pointed out by the market research blog, as mentioned in the previous paragraph, a computerized maintenance management system (CMMS) like maintenance connection is the first step for chemical suppliers to go digital, because it provides value in three key areas:Collect assets and maintenance data, provide reliable reports and KPIs, transform them into operational intelligence, and help reduce maintenance costs.Support preventive maintenance plan based on specified trigger, and provide automatic work order generation to predict and prevent unplanned downtime.Optimize inventory management through parts serialization and integrated barcode scanning.In operation, the application of digital technology in maintenance and other functions has improved the performance of the plant and network, and minimized downtime.
According to 2017 chemical trends, the operating cost has been reduced by 2% to 10%.Although passive maintenance has been the standard for many years, it is no longer an acceptable maintenance strategy for companies that want to excel.
Chemical suppliers are in different stages of transformation from passive maintenance to passive maintenance.
Some are still using paper work order system, others are using electronic form, many have implemented CMMs, but may not make full use of its ability.
A CMM can lay a solid foundation for steering preventive maintenance, and ultimately predictive maintenance.