Global IoT Managed Services Market, By Service Type (Infrastructure management, Security management, Network management, Data management, Device management), By Applications (Smart manufacturing, Smart metal, IT & telecom, Smart transportation, Smart energy & utilities, Smart buildings, Others), and opportunities and forecast 2020-2027
IoT Managed Services Market Overview
The global IoT Managed Services market is projected to rise at a significant rate in the forthcoming years. IoT managed services help organizations to grip the right technologies, processes, and strategies. Additionally, advances in AI, 5G, and IoT technologies contribute more to the IoT managed services market’s growth. Furthermore, as the core value proposition of IoT services, scalable data management & analytics and security capabilities are critical to delivering IoT's promise of analysis and action. But, managing the volume and velocity of data at hyper-scale can be both challenging and costly. Resultantly, the process of IoT transmission to the cloud and large-scale analytics and security capabilities boost the growth of the IoT managed services market.
Furthermore, the paradigm shift of many organizations from traditional hosting to cloud hosting services are some of the key factors escalating the demand for the global IoT Managed Services market in the coming years. Additionally, many organizations are managed service providers to gain high performance and to plan financial budgets. This aspect further propels the demand for the global IoT Managed Services market in the coming years.
Moreover, increasing demand for connected wearable devices and government initiatives to boost the development of IoT-based modules enlarge the growth of the market. Besides, significant investments by major IoT-managed service providers influence the market’s growth, offering innovative devices that can transfer data in real-time.
Covid-19 Impact on IoT Managed Services Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
IoT Managed Services Market Segment Overview
Based on Service Type, the Device Management Services segment is anticipated to grow at the highest CAGR in the forecast period. Device management services help to achieve better data security, perform analyses to gain valuable insights from the granular data coming out from these services, and ensure a great customer experience. According to Applications, Smart Transportation is the largest segment in the market. Smart transportation is all about integrating advanced technologies with the existing transportation infrastructure, delivering real-time online information about the traffic flow, tracking of the assets, and passengers. Additionally, IoT managed services support the transportation vendors to manage and monitor the complex IoT ecosystem. Further, the increasing requirement for managing analytics, security, devices & sensors, data, and high-volume networking, along with the upsurge in the overall operations and responsiveness, boosts the growth of the smart transportation segment in the market.
IoT Managed Services Market, By Service Type · Infrastructure management services · Security management services · Network management services · Data management services · Device management services
IoT Managed Services Market, By Applications · Smart manufacturing · Smart metal · IT & telecom · Smart transportation · Smart energy & utilities · Smart buildings · Others (smart healthcare and smart education)
IoT Managed Services Market Regional Overview
On the basis of geography, North America dominates the global IoT Managed Services market. This is because of the presence of a large number of companies in the region. On the other hand, Asia Pacific is expected to emerge as a significant region in the overall IoT Managed Services market. The increasing investment in the Internet of Things and increasing spending on technology and rapid growth in mobile usage and internet penetration are some of the factors supporting the growth of the global IoT Managed Services market in this region. Countries such as India are one of the prominent regions for investment activities in the Internet of Things due to rising government initiatives such as smart cities.
IoT Managed Services Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
IoT Managed Services Market Competitor overview
Some key developments and strategies adopted by manufacturers in IoT Managed Services are highlighted below.
· In August 2021, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, announced the general availability of Amazon Managed Grafana, a fully managed data visualization service that enables customers to instantly query, correlate, and visualize operational metrics, logs, and traces, as well as Internet of Things (IoT) data.
· In August 2021, AT&T is opening up sub-6 GHz 5G access for enterprise Internet of Things (IoT) deployments, with managed services on a Cisco provided platform.
IoT Managed Services Market, Key Players
· Tech Mahindra Limited · Cognizant Technology Solutions Corporation · Harman International Industries, Inc. · Dell Technologies Inc. · Accenture PLC · Google Inc. · Cisco Systems Inc. · Qualcomm Incorporated · IBM · AT&T · Microsoft Corporation · Intel Security Group. · Oracle Corporation · Hewlett Packard Enterprise Co.
IoT Managed Services Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global IoT Managed Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Service Type
5.2.1. Infrastructure management services
5.2.2. Security management services
5.2.3. Network management services
5.2.4. Data management services
5.2.5. Device management services
5.3. Market Analysis, Insights and Forecast – By Applications
5.3.1. Smart manufacturing
5.3.2. Smart metal
5.3.3. IT & telecom
5.3.4. Smart transportation
5.3.5. Smart energy & utilities
5.3.6. Smart buildings
5.3.7. Others (smart healthcare and smart education)
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America, Middle East and Africa
6. North America IoT Managed Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Service Type
6.2.1. Infrastructure management services
6.2.2. Security management services
6.2.3. Network management services
6.2.4. Data management services
6.2.5. Device management services
6.3. Market Analysis, Insights and Forecast – By Applications
6.3.1. Smart manufacturing
6.3.2. Smart metal
6.3.3. IT & telecom
6.3.4. Smart transportation
6.3.5. Smart energy & utilities
6.3.6. Smart buildings
6.3.7. Others (smart healthcare and smart education)
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S.
6.4.2. Canada
7. Europe IoT Managed Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Service Type
7.2.1. Infrastructure management services
7.2.2. Security management services
7.2.3. Network management services
7.2.4. Data management services
7.2.5. Device management services
7.3. Market Analysis, Insights and Forecast – By Applications
7.3.1. Smart manufacturing
7.3.2. Smart metal
7.3.3. IT & telecom
7.3.4. Smart transportation
7.3.5. Smart energy & utilities
7.3.6. Smart buildings
7.3.7. Others (smart healthcare and smart education)
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Rest of Europe
8. Asia Pacific IoT Managed Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Service Type
8.2.1. Infrastructure management services
8.2.2. Security management services
8.2.3. Network management services
8.2.4. Data management services
8.2.5. Device management services
8.3. Market Analysis, Insights and Forecast – By Applications
8.3.1. Smart manufacturing
8.3.2. Smart metal
8.3.3. IT & telecom
8.3.4. Smart transportation
8.3.5. Smart energy & utilities
8.3.6. Smart buildings
8.3.7. Others (smart healthcare and smart education)
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Australia
8.4.5. South East Asia
8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa IoT Managed Services Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Service Type
9.2.1. Infrastructure management services
9.2.2. Security management services
9.2.3. Network management services
9.2.4. Data management services
9.2.5. Device management services
9.3. Market Analysis, Insights and Forecast – By Applications
9.3.1. Smart manufacturing
9.3.2. Smart metal
9.3.3. IT & telecom
9.3.4. Smart transportation
9.3.5. Smart energy & utilities
9.3.6. Smart buildings
9.3.7. Others (smart healthcare and smart education)
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. Brazil
9.4.2. Saudi Arabia
9.4.3. UAE
9.4.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. Tech Mahindra Limited
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. Cognizant Technology Solutions Corporation
10.6. Harman International Industries, Inc.
10.7. Dell Technologies Inc.
10.8. Accenture PLC
10.9. Google Inc.
10.10. Cisco Systems Inc.
10.11. Qualcomm Incorporated
10.12. IBM
10.13. AT&T
10.14. Microsoft Corporation
10.15. Intel Security Group.
10.16. Oracle Corporation
List of Figures
Figure 1: Global IoT Managed Services Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global IoT Managed Services Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global IoT Managed Services Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global IoT Managed Services Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global IoT Managed Services Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America IoT Managed Services Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America IoT Managed Services Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America IoT Managed Services Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America IoT Managed Services Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America IoT Managed Services Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America IoT Managed Services Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America IoT Managed Services Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America IoT Managed Services Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America IoT Managed Services Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America IoT Managed Services Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America IoT Managed Services Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe IoT Managed Services Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe IoT Managed Services Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe IoT Managed Services Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe IoT Managed Services Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe IoT Managed Services Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe IoT Managed Services Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe IoT Managed Services Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe IoT Managed Services Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe IoT Managed Services Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe IoT Managed Services Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific IoT Managed Services Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific IoT Managed Services Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific IoT Managed Services Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific IoT Managed Services Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa IoT Managed Services Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa IoT Managed Services Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa IoT Managed Services Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa IoT Managed Services Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global IoT Managed Services Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America IoT Managed Services Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe IoT Managed Services Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America IoT Managed Services Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific IoT Managed Services Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa IoT Managed Services Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa IoT Managed Services Market Revenue (USD Billion) Forecast, by Country, 2016-2027
