Market Overview:
The global IoT managed services market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for connected devices and the need for efficient management of these devices. The security management services segment is expected to hold the largest share of the global IoT managed services market in 2018. This can be attributed to the increasing number of cyber-attacks and data breaches across industries. The network management services segment is projected to grow at a high CAGR during the forecast period, owing to rising demand for optimized network performance and reliability across industries.
Product Definition:
IoT managed services is the process of managing and maintaining an organization's IoT devices and networks. The importance of IoT managed services lies in its ability to ensure that all devices are functioning properly, securely communicating with one another, and collecting data as intended. By outsourcing management of these systems to a third party, businesses can focus on their core operations while still benefiting from the efficiencies and cost savings that come with deploying IoT technologies.
Security Management Services:
Security management services are used to secure the communication between devices and cloud. It helps in protecting the data from fraudulent activities, identity theft, device manipulation, unauthorized access and other security threats. The factors that propel market growth include rise in cyber-attacks such as WannaCry ransomware attack and Locky ransomware attack which leads to revenue generation for providing solutions such as detection of anomalies & events with their root cause analysis.
Network Management Services:
NMS is a service that monitors the performance of devices and systems. It also diagnoses problems and takes preventive measures to ensure smooth functioning of the system. NMS plays an important role in IoT managed services as it enables remote monitoring, data analytics, predictive maintenance, and device management among others. Thus with the help of NMS; telecom operators can improve their customer experience by reducing downtime which is one of the key factors driving market growth globally.
Application Insights:
The manufacturing sector accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The manufacturing sector has been witnessing significant growth due to an increase in demand for smart factories that are capable of producing higher output with less input. This, as a result, reduces production costs which makes it more competitive. Furthermore, there is a need for efficient monitoring and control of industrial processes which requires an integrated network environment that can manage data from different sources and devices across various applications such as machine-to-machine (M2M) communication, process control communication etc. These factors are anticipated to drive the adoption of IoT managed services in this industry over the forecast period thereby contributing towards segment growth during the study period.
The automotive sector accounted for a considerable market share in 2017 owing to increasing demand from end users (car owners) coupled with rising innovation activities by key players such as Google Inc., Apple Inc., Baidu China Corporation etc.
Regional Analysis:
The North American region dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing adoption of IoT technologies, high disposable income, and growing demand for smart connected devices. Moreover, presence of major technology players such as Cisco Systems, Inc., Google LLC, Hewlett Packard Enterprise Development LP., and others has contributed to regional growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing penetration of internet users in this region coupled with rising disposable income levels. Additionally, governments are encouraging private enterprises by offering tax benefits on investments made through IoT technologies which will further boost regional demand during the forecast years from 2018 to 2030 (please see Table 1 for more details).
Growth Factors:
- Increasing demand for connected devices and sensors across different industry verticals is expected to drive the growth of IoT managed services market.
- Proliferation of big data and analytics is also anticipated to fuel the demand for IoT managed services over the forecast period.
- Growing need for security and privacy of data collected from various connected devices is expected to create opportunities for IoT managed service providers.
- Rapid expansion of 5G network infrastructure is likely to provide a thrust to the growth of IoT managed services market in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT Managed Services Market Research Report
By Type
Security Management Services, Network Management Services, Infrastructure Management Services, Device Management Services, Data Management Services
By Application
Manufacturing, Automotive, Healthcare, Retail, IT & Telecom, Others
By Companies
Cognizant, Tech Mahindra, Cisco Systems, Oracle, IBM, Accenture, HCL Technologies, Microsoft, Honeywell International, Google, AT&T, General Electric, SAP, Intel, Amazon Web Services
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global IoT Managed Services Market Report Segments:
The global IoT Managed Services market is segmented on the basis of:
Types
Security Management Services, Network Management Services, Infrastructure Management Services, Device Management Services, Data Management Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Automotive, Healthcare, Retail, IT & Telecom, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cognizant
- Tech Mahindra
- Cisco Systems
- Oracle
- IBM
- Accenture
- HCL Technologies
- Microsoft
- Honeywell International
- Google
- AT&T
- General Electric
- SAP
- Intel
- Amazon Web Services
Highlights of The IoT Managed Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Security Management Services
- Network Management Services
- Infrastructure Management Services
- Device Management Services
- Data Management Services
- By Application:
- Manufacturing
- Automotive
- Healthcare
- Retail
- IT & Telecom
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IoT Managed Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IoT managed services is a type of cloud-based service that helps organizations manage and monitor the connected devices in their networks. These services can include things like device management, security, and analytics. They can also help organizations to optimize their IoT deployments and keep them running smoothly.
Some of the major companies in the iot managed services market are Cognizant, Tech Mahindra, Cisco Systems, Oracle, IBM, Accenture, HCL Technologies, Microsoft, Honeywell International, Google, AT&T, General Electric, SAP, Intel, Amazon Web Services.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT Managed Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IoT Managed Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT Managed Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IoT Managed Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IoT Managed Services Market Size & Forecast, 2018-2028
4.5.1 IoT Managed Services Market Size and Y-o-Y Growth
4.5.2 IoT Managed Services Market Absolute $ Opportunity
Chapter 5 Global IoT Managed Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IoT Managed Services Market Size Forecast by Type
5.2.1 Security Management Services
5.2.2 Network Management Services
5.2.3 Infrastructure Management Services
5.2.4 Device Management Services
5.2.5 Data Management Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IoT Managed Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IoT Managed Services Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Automotive
6.2.3 Healthcare
6.2.4 Retail
6.2.5 IT & Telecom
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT Managed Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IoT Managed Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IoT Managed Services Analysis and Forecast
9.1 Introduction
9.2 North America IoT Managed Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IoT Managed Services Market Size Forecast by Type
9.6.1 Security Management Services
9.6.2 Network Management Services
9.6.3 Infrastructure Management Services
9.6.4 Device Management Services
9.6.5 Data Management Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IoT Managed Services Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Automotive
9.10.3 Healthcare
9.10.4 Retail
9.10.5 IT & Telecom
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IoT Managed Services Analysis and Forecast
10.1 Introduction
10.2 Europe IoT Managed Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IoT Managed Services Market Size Forecast by Type
10.6.1 Security Management Services
10.6.2 Network Management Services
10.6.3 Infrastructure Management Services
10.6.4 Device Management Services
10.6.5 Data Management Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IoT Managed Services Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Automotive
10.10.3 Healthcare
10.10.4 Retail
10.10.5 IT & Telecom
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IoT Managed Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IoT Managed Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IoT Managed Services Market Size Forecast by Type
11.6.1 Security Management Services
11.6.2 Network Management Services
11.6.3 Infrastructure Management Services
11.6.4 Device Management Services
11.6.5 Data Management Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IoT Managed Services Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Automotive
11.10.3 Healthcare
11.10.4 Retail
11.10.5 IT & Telecom
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IoT Managed Services Analysis and Forecast
12.1 Introduction
12.2 Latin America IoT Managed Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IoT Managed Services Market Size Forecast by Type
12.6.1 Security Management Services
12.6.2 Network Management Services
12.6.3 Infrastructure Management Services
12.6.4 Device Management Services
12.6.5 Data Management Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IoT Managed Services Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Automotive
12.10.3 Healthcare
12.10.4 Retail
12.10.5 IT & Telecom
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IoT Managed Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IoT Managed Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IoT Managed Services Market Size Forecast by Type
13.6.1 Security Management Services
13.6.2 Network Management Services
13.6.3 Infrastructure Management Services
13.6.4 Device Management Services
13.6.5 Data Management Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IoT Managed Services Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Automotive
13.10.3 Healthcare
13.10.4 Retail
13.10.5 IT & Telecom
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IoT Managed Services Market: Competitive Dashboard
14.2 Global IoT Managed Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cognizant
14.3.2 Tech Mahindra
14.3.3 Cisco Systems
14.3.4 Oracle
14.3.5 IBM
14.3.6 Accenture
14.3.7 HCL Technologies
14.3.8 Microsoft
14.3.9 Honeywell International
14.3.10 Google
14.3.11 AT&T
14.3.12 General Electric
14.3.13 SAP
14.3.14 Intel
14.3.15 Amazon Web Services
