The Solutions & Services market is valued at USD 3.42 billion in 2024, expanding at a CAGR of 8.9% as digital transformation, smart infrastructure, and climate resilience initiatives reshape industry priorities. Governments, enterprises, and consumers are increasingly investing in IoT-enabled sensors, AI-powered forecasting services, satellite integration solutions, and cloud-based platforms, driving adoption across energy, agriculture, aviation, and disaster management sectors. Asia-Pacific has emerged as the fastest-growing region, led by India, China, and Southeast Asia, where exports of technology solutions and managed services grew by 11–13% in FY24, outpacing the 7–8% global trade growth in the Solutions & Services industry. While North America and Europe dominate premium technology exports such as Doppler radars and satellite receivers, APAC is ramping up imports of LIDAR systems, calibration devices, and monitoring solutions, with India alone importing USD 1.2 billion worth of equipment in 2024. Tariff structures, logistics costs, and compliance with WMO and ICAO regulations remain critical trade determinants.
Solutions & Services overview
Published by MMR Statistics Research Team, Updated