IoT
Managed Services Market Industry Share, Size Growth, Segments and Forecast -
2031

The
global IoT managed services market is expected to grow at a significant CAGR
during the forecast period (2024-2031). Some major factors such as the rise in
the application of multi-cloud, automation, and increased demand for IoT in
industrial space, are augmenting the demand for IoT managed services across the
globe. IoT refers to a 24*7 network of interconnected objects that can collect
and exchange data using embedded sensors and mobile devices, among others. A
connected device can become “smart” by combining sensors, networks,
applications, and so on, 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, cut down the
cost, and manage operations effectively. The IoT managed services market is
highly dependent upon the adoption of IoT among industries.

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The
IoT managed services market is highly fragmented, owing to the presence of a
large number of players. The majority of vendors are participating in various
marketing strategies to expand their market share. The vendors available in the
market are competing on price, quality, brand, and product differentiation, and
also the acquisition of small players is happening to ensure an optimum
position in the IoT managed services, globally. Several key players include HCL
Technologies Ltd., Infosys Ltd., and Tech Mahindra Ltd., among others. 

Recent
Developments-

• In February 2020,
  Smartfren, one of Indonesia’s leading telecom operators with more than 20
  million active subscribers, announced Cisco as its preferred digitization
  partner to create a multi-cloud architecture. The project will entail the
  creation of a digital services data center architecture in Indonesia with
  cloud computing, and cloud services integrated.


• In October 2019, Integron
  announced the launch of managed services solution for mobile asset
  management. Integron will leverage its expertise in IoT managed services,
  to assist connected health and life sciences companies in the turnkey
  deployment of scalable asset management tools.

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Market
Coverage

• Segment Covered- 

o             By Application

o             By End-User

Competitive
Landscape: 
HCL Technologies Ltd., Infosys Ltd., and Tech Mahindra Ltd., among other     

Key
questions addressed by the report

• What is the market growth
  rate?


• Which segment and region
  dominates the market in base year?


• Which segment and region
  will project fastest growth in the market?


• How COVID-19 impacted the
  market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the
  market?


• How players are addressing
  challenges to sustain growth?


• Where is the investment
  opportunity?

Global
IoT Managed Services Market Report Segmentation

By
Application

•                
Network Management

•                
Device Management

•                
Data Management

•                
Security Management

•                
Other Applications

By
End-User

•                
Energy and Utilities

•                
Healthcare

•                
Manufacturing

•                
BFSI

•                
Retail

•                
IT and Telecom

•                
Others

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