IoT Managed Services Market

IoT is a 24*7 network of interconnected objects that are able to collect and exchange data using embedded sensors and mobile devices, among others. A connected device can become “smart” by combining sensors, networks, applications, etc., which come together to create added intelligence. The applications of IoT can be found in several industries today, such as manufacturing, healthcare, transport & logistics, government, retail, and energy & utility, among others. Managed service is the practice of outsourcing a dedicated team to handle defined responsibilities to cut down the cost and manage operations effectively.

On the basis of services, the IoT managed services market is segmented into security management services, network management services, infrastructure management services, device management services, and data management services. The IoT network managed services segment is expected to dominate the market throughout the forecast period and enjoy a market share of 27.1% and 29.5% in 2018 and 2026 respectively.

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Global IoT managed services market

Revenue generated by the global IoT managed services market is estimated to exhibit a double-digit CAGR, and hence, reach US$ 94.3 Bn by 2026. On the basis of IoT managed services type, the network management segment is estimated to hold the largest share of the IoT managed services market in 2026.
On the basis of industry, the manufacturing IoT managed services segment is estimated to hold approximately 27.5% of the market share in 2026. However, the healthcare sector in the IoT managed services market is expected to project the highest CAGR in 2018-2026. On the basis of the IoT managed services segment, the infrastructure management services segment is estimated to exhibit a CAGR of 20.3% during the forecast period.

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Key Segments Covered

• Manufacturing
• Automotive
• Healthcare
• Retail
• IT & Telecom
• Others

Key Regions Covered

North America IoT Managed Services Market
• United States
• Canada
Latin America IoT Managed Services Market
• Brazil
• Mexico
• Rest of Latin America
Europe IoT Managed Services Market
• Germany
• Italy
• France
• U.K.
• Spain
• Russia
• Rest of Europe

SEA IoT Managed Services Market

• India
• Indonesia
• Philippines
• Thailand
• Malaysia
• Oceania
• Rest of SEA and Others of Asia Pacific

Japan IoT Managed Services Market

China IoT Managed Services Market

Middle East and Africa IoT Managed Services Market
• Northern Africa
• GCC Countries
• South Africa
• Turkey


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