PUBLISHER: The Business Research Company | PRODUCT CODE: 1975841
PUBLISHER: The Business Research Company | PRODUCT CODE: 1975841
IoT managed services refer to services that assist in the management of IoT environments, defining appropriate business strategies for digital transformation. They enable organizations to assemble the right mix of IoT products and solutions, providing systematic solutions to business problems, enhancing operational efficiency, and opening up new markets.
The main types of IoT managed services include infrastructure management services, security management services, network management services, data management services, and device management services. Security management services are particularly crucial as they form the foundation of an organization's cybersecurity strategy, locating and safeguarding its resources and procedures. These services are utilized by end-users in various sectors such as automotive and transport, IT and telecom, healthcare, BFSI, manufacturing, and others. Organizations of different sizes, including SMEs and large enterprises, benefit from these IoT managed services.
Tariffs are impacting the iot managed services market by increasing costs of imported servers, networking hardware, security appliances, and device management platforms that underpin managed service delivery. Enterprises in North America and Europe are most affected due to reliance on imported infrastructure equipment, while Asia-Pacific faces higher costs for service platform deployments. These tariffs are increasing service pricing and infrastructure investment requirements. However, they are also driving greater adoption of cloud-based delivery models, localized data center investments, and software-centric managed service offerings.
The iot managed services market research report is one of a series of new reports from The Business Research Company that provides iot managed services market statistics, including iot managed services industry global market size, regional shares, competitors with a iot managed services market share, detailed iot managed services market segments, market trends and opportunities, and any further data you may need to thrive in the iot managed services industry. This iot managed services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The iot managed services market size has grown rapidly in recent years. It will grow from $80.08 billion in 2025 to $93.8 billion in 2026 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to expansion of enterprise iot deployments, increasing complexity of connected device environments, growth of cloud-based service models, rising need for operational visibility, availability of managed service providers.
The iot managed services market size is expected to see rapid growth in the next few years. It will grow to $174.39 billion in 2030 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to increasing demand for scalable iot operations, rising adoption of ai-driven service automation, expansion of industry-specific managed services, growing focus on cybersecurity resilience, increasing outsourcing of iot infrastructure management. Major trends in the forecast period include increasing adoption of end-to-end iot management platforms, rising demand for device lifecycle management services, growing focus on iot security and compliance management, expansion of data analytics and monitoring services, enhanced integration of multi-vendor iot ecosystems.
The increasing use of IoT managed services solutions in the automotive, electronic goods, and information and telecommunications industries is expected to propel the growth of the IoT managed services market. The primary factors driving this growth include ongoing long-term evolution (LTE) deployment and technological advancements across various sectors. IoT-managed services are widely adopted in the automotive, consumer electronics, and telecom industries, enabling real-time monitoring, predictive maintenance, and improved operational efficiency. For instance, in May 2023, according to Transforma Insights, the total number of global IoT connections reached approximately 15.8 billion in 2023, up from around 14.4 billion in 2022. Therefore, the rising number of connected devices is driving the adoption of IoT managed services and expanding the overall market.
Leading companies in the abrasives market are increasingly pursuing strategic partnerships to enhance their presence in the industry. Strategic partnerships involve companies utilizing each other's strengths and resources to achieve shared benefits and success. For example, in May 2023, NTT Ltd., a US-based IT infrastructure and services provider, and Cisco Systems Inc., a US-based technology firm, announced a collaboration aimed at developing and implementing integrated solutions that help organizations improve operational efficiencies and advance sustainability objectives. The solutions created by both companies will utilize NTT's Edge as a Service portfolio and Cisco's IoT capabilities, incorporating features such as predictive maintenance, asset tracking, and supply chain management to deliver real-time data insights, enhanced security, improved decision-making, and reduced operational costs.
In August 2023, Thales Group, a France-based provider of aerospace, defence, and security technology, acquired Tesserent Ltd. for an undisclosed amount. This acquisition expands Thales' cybersecurity and IoT capabilities in Australia and New Zealand, enhancing its ability to secure critical infrastructure and IoT ecosystems. Tesserent Ltd. is an Australia-based provider of cybersecurity services for enterprises and government organisations.
Major companies operating in the iot managed services market are Cisco Systems Inc.; International Business Machines Corporation; HCL Technologies Limited; HARMAN International Industries Incorporated; Cognizant Technology Solutions Corporation; AT&T Inc.; Verizon Communications Inc.; Vodafone Group Plc; T-Mobile US Inc.; Ericsson AB; Orange Business Services; Deutsche Telekom AG; Sierra Wireless Inc.; Telit Communications PLC; Aeris Communications Inc.; KORE Wireless Group; Arm Ltd.; PTC Inc.; Microsoft Corporation; Amazon Web Services Inc.; Siemens Aktiengesellschaft; Robert Bosch GmbH; Dell Technologies Inc.; Hewlett Packard Enterprise Company; Oracle Corporation; Telstra Corporation Limited; Software Aktiengesellschaft; Wipro Limited; Accenture plc; Fujitsu Limited; NTT Data Corporation
North America was the largest region in the IoT managed services market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iot managed services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the iot managed services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The IoT managed services market consists of revenues earned by entities by providing IoT connectivity management and IoT hardware solutions. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
IoT Managed Services Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses iot managed services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for iot managed services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The iot managed services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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