Global Internet of Things Managed Services Market Size study & Forecast, by Application by End User and Regional Analysis, 2023-2030

Description

List of Tables

Global Internet of Things (IoT) Managed Services Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a CAGR of more than 27.82% over the forecast period 2023-2030. Internet of Things (IoT) Managed Services involve outsourcing the management and support of IoT infrastructure and devices. As IoT ecosystems become more complex, organizations often require specialized assistance to deploy, monitor, and maintain their IoT solutions. IoT Managed Services providers offer comprehensive support, including device management, connectivity management, data management and analytics, security and compliance, and support and maintenance. These services enable organizations to offload the complexities of IoT management, optimize their deployments, enhance operational efficiency, and drive innovation in their industries. Moreover, the increasing adaptation of IoT and the growing IT Industry are the growth drivers of the Internet of Things (IoT) Managed Services Market.

According to United Nations Conference on Trade and Development (UNCTAD) in 2023, The IoT market is experiencing rapid expansion and is projected to generate significant value globally. The growth is driven by advances in semiconductor technology, enabling the development of cost-effective and efficient IoT devices. On the demand side, the increasing demand for advanced consumer electronics, adoption of smart devices, internet-enabled devices, tele-healthcare services, and automation technology are key drivers. According to India Brand Equity Market (IEBF) in 2023, The software product industry in India is projected to achieve a milestone of USD 100 billion by 2025. Indian companies are strategically investing overseas to expand their global presence and strengthen their global delivery capabilities. In FY20, the data annotation market in India was valued at USD 250 million, with the US market accounting for 60% of its total worth. With the growing domestic demand for AI, the data annotation market is anticipated to reach a substantial value of USD 7 billion by 2030. Moreover, the increasing expansion of the 5G network and growing demand for business intelligence solutions are growth opportunities in the market space. However, cybersecurity risks & privacy concerns and limited skilled professionals pose potential challenges to market growth during forecasted year 2023-2030.

The key regions considered for the Global Internet of Things (IoT) Managed Services Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In 2022, North America dominates the global Internet of Things (IoT) Managed Services market due to its advanced technological infrastructure and the widespread adoption of IoT across various industries. The region's strong emphasis on data security and privacy regulations has further fueled the demand for professional IoT Managed Services. Additionally, North America benefits from a thriving venture capital ecosystem, which supports the growth and innovation of IoT startups and service providers. With these factors in place, North America stands as the leading region in the global IoT Managed Services market. Asia-Pacific region emerged as the fastest growing region, it presents considerable opportunities for expansion, driven by thriving commercial sectors such as healthcare, safety and security, manufacturing, energy, and agriculture. This development is fueling the rapid growth of the Internet of Things (IoT) market in the region. Moreover, the integration of blockchain and cryptographic processes in IoT security services is enhancing data management and reducing vulnerabilities and security risks for businesses. This integration is playing a crucial role in driving the adoption of IoT in the engineering services market within the region, as it offers centralized networks and robust security measures.

Major market player included in this report are:

Wipro Ltd.
Cognizant Technology Solutions Corp.
Cisco Systems Inc.
Tata Consultancy Services Limited
Tech Mahindra Ltd.
TietoEVRY Corporation
Virtusa Corporation
Infosys Technologies Limited
HCL Technologies Ltd.
Aricent Technologies Holdings Limited

Recent Developments in the Market:

In February 2022, IBM completed the acquisition of Neudesic, a prominent cloud services consultancy based in the United States. Neudesic specializes in delivering cloud solutions, particularly on the Microsoft Azure platform, and possesses expertise in multi-cloud environments. With this strategic acquisition, IBM aims to bolster its range of hybrid multi-cloud services and strengthen its hybrid cloud and AI strategy. The addition of Neudesic's capabilities, enable IBM to provide enhanced cloud services to its clients and further solidify its position in the rapidly evolving cloud computing market.
In November 2021, Nasdaq and AWS entered into a long-term partnership to develop advanced cloud-based infrastructure for global capital markets. As part of this partnership, Nasdaq intends to gradually migrate its North American markets to AWS, beginning with the US options market Nasdaq MRX in 2022. The migration, executed in a phased manner. To support this transition, Nasdaq and AWS have jointly created an innovative edge computing solution specifically designed for market infrastructure. This partnership signifies a significant step forward in leveraging cloud technology to enhance the efficiency, scalability, and reliability of capital markets worldwide.

Global Internet of Things (IoT) Managed Services Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Application:

Network Management
Device Management
Data Management
Security Management
Other Applications

By End User:

Energy and Utilities
Manufacturing
Retail, Healthcare
Banking, Financial Services & Insurance (BFSI)
IT & Telecom
Other

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Internet of Things (IoT) Managed Services Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Internet of Things (IoT) Managed Services Market, by Application, 2020-2030 (USD Billion)
- 1.2.3. Internet of Things (IoT) Managed Services Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Internet of Things (IoT) Managed Services Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Internet of Things (IoT) Managed Services Market Dynamics

3.1. Internet of Things (IoT) Managed Services Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing Adaptation of IoT
  - 3.1.1.2. Growing IT Industry
- 3.1.2. Market Challenges
  - 3.1.2.1. Cybersecurity Risk & Privacy Concern
  - 3.1.2.2. Limited Skilled Professionals
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing Expansion of 5g Network
  - 3.1.3.2. Growing Demand for Business Intelligence Solution

Chapter 4. Global Internet of Things (IoT) Managed Services Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Internet of Things (IoT) Managed Services Market, by Application

5.1. Market Snapshot
5.2. Global Internet of Things (IoT) Managed Services Market by Application, Performance - Potential Analysis
5.3. Global Internet of Things (IoT) Managed Services Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Internet of Things (IoT) Managed Services Market, Sub Segment Analysis
- 5.4.1. Network Management
- 5.4.2. Device Management
- 5.4.3. Data Management
- 5.4.4. Security Management
- 5.4.5. Other Applications

Chapter 6. Global Internet of Things (IoT) Managed Services Market, by End User

6.1. Market Snapshot
6.2. Global Internet of Things (IoT) Managed Services Market by End User, Performance - Potential Analysis
6.3. Global Internet of Things (IoT) Managed Services Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Internet of Things (IoT) Managed Services Market, Sub Segment Analysis
- 6.4.1. Energy and Utilities
- 6.4.2. Manufacturing
- 6.4.3. Retail, Healthcare
- 6.4.4. Banking, Financial Services & Insurance (BFSI)
- 6.4.5. IT & Telecom
- 6.4.6. Other

Chapter 7. Global Internet of Things (IoT) Managed Services Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Internet of Things (IoT) Managed Services Market, Regional Market Snapshot
7.4. North America Internet of Things (IoT) Managed Services Market
- 7.4.1. U.S. Internet of Things (IoT) Managed Services Market
  - 7.4.1.1. Application breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. End User breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Internet of Things (IoT) Managed Services Market
7.5. Europe Internet of Things (IoT) Managed Services Market Snapshot
- 7.5.1. U.K. Internet of Things (IoT) Managed Services Market
- 7.5.2. Germany Internet of Things (IoT) Managed Services Market
- 7.5.3. France Internet of Things (IoT) Managed Services Market
- 7.5.4. Spain Internet of Things (IoT) Managed Services Market
- 7.5.5. Italy Internet of Things (IoT) Managed Services Market
- 7.5.6. Rest of Europe Internet of Things (IoT) Managed Services Market
7.6. Asia-Pacific Internet of Things (IoT) Managed Services Market Snapshot
- 7.6.1. China Internet of Things (IoT) Managed Services Market
- 7.6.2. India Internet of Things (IoT) Managed Services Market
- 7.6.3. Japan Internet of Things (IoT) Managed Services Market
- 7.6.4. Australia Internet of Things (IoT) Managed Services Market
- 7.6.5. South Korea Internet of Things (IoT) Managed Services Market
- 7.6.6. Rest of Asia Pacific Internet of Things (IoT) Managed Services Market
7.7. Latin America Internet of Things (IoT) Managed Services Market Snapshot
- 7.7.1. Brazil Internet of Things (IoT) Managed Services Market
- 7.7.2. Mexico Internet of Things (IoT) Managed Services Market
7.8. Middle East & Africa Internet of Things (IoT) Managed Services Market
- 7.8.1. Saudi Arabia Internet of Things (IoT) Managed Services Market
- 7.8.2. South Africa Internet of Things (IoT) Managed Services Market
- 7.8.3. Rest of Middle East & Africa Internet of Things (IoT) Managed Services Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Wipro Ltd.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Cognizant Technology Solutions Corp.
- 8.3.3. Cisco Systems Inc.
- 8.3.4. Tata Consultancy Services Limited
- 8.3.5. Tech Mahindra Ltd.
- 8.3.6. TietoEVRY Corporation
- 8.3.7. Virtusa Corporation
- 8.3.8. Infosys Technologies Limited
- 8.3.9. HCL Technologies Ltd.
- 8.3.10. Aricent Technologies Holdings Limited

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Internet of Things (IoT) Managed Services Market, report scope
TABLE 2. Global Internet of Things (IoT) Managed Services Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Internet of Things (IoT) Managed Services Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 4. Global Internet of Things (IoT) Managed Services Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 5. Global Internet of Things (IoT) Managed Services Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Internet of Things (IoT) Managed Services Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Internet of Things (IoT) Managed Services Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Internet of Things (IoT) Managed Services Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Internet of Things (IoT) Managed Services Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Internet of Things (IoT) Managed Services Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Internet of Things (IoT) Managed Services Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Internet of Things (IoT) Managed Services Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Internet of Things (IoT) Managed Services Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Internet of Things (IoT) Managed Services Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Internet of Things (IoT) Managed Services Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Internet of Things (IoT) Managed Services Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Internet of Things (IoT) Managed Services Market
TABLE 70. List of primary sources, used in the study of global Internet of Things (IoT) Managed Services Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Internet of Things (IoT) Managed Services Market, research methodology
FIG 2. Global Internet of Things (IoT) Managed Services Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Internet of Things (IoT) Managed Services Market, key trends 2022
FIG 5. Global Internet of Things (IoT) Managed Services Market, growth prospects 2023-2030
FIG 6. Global Internet of Things (IoT) Managed Services Market, porters 5 force model
FIG 7. Global Internet of Things (IoT) Managed Services Market, pest analysis
FIG 8. Global Internet of Things (IoT) Managed Services Market, value chain analysis
FIG 9. Global Internet of Things (IoT) Managed Services Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Internet of Things (IoT) Managed Services Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Internet of Things (IoT) Managed Services Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Internet of Things (IoT) Managed Services Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Internet of Things (IoT) Managed Services Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Internet of Things (IoT) Managed Services Market, regional snapshot 2020 & 2030
FIG 15. North America Internet of Things (IoT) Managed Services Market 2020 & 2030 (USD Billion)
FIG 16. Europe Internet of Things (IoT) Managed Services Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Internet of Things (IoT) Managed Services Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Internet of Things (IoT) Managed Services Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Internet of Things (IoT) Managed Services Market 2020 & 2030 (USD Billion)