Global IoT Managed Services Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers

5 May, 2023

The global IoT managed services market size is expected to grow from $60.28 billion$76.21 billion$178.05 billion23.6%.

Global IoT Managed Services Market Key Driver

The increasing use of IoT managed services solutions in the automotive, electronic goods, and information and telecommunications industries will propel the growth of the IoT managed services market. The primary factors boosting the IoT managed services are the present long-term evolution (LTE) deployment and technical developments in numerous areas. IoT-managed services are widely used in the automotive, consumer electronics, and telecom industries.

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Global IoT Managed Services Market Segments

The global IoT managed services market is segmented:
1) By Service Type: Infrastructure Management Services, Security Management Services, Network Management Services, Data Management Services, Device Management Services
2) By End-Users: Automotive And Transport, Information Technology And Telecom, Healthcare, Banking, Financial Services, And Insurance (BFSI), Manufacturing, Other End-Users
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Geography: The regions covered in the IoT managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global IoT managed services market.

Major IoT Managed Services Industry Players

Cisco Systems Inc., IBM Corporation, HCL Technologies Ltd., HARMAN International, Cognizant Technology Solutions Corporation, GOOGLE Inc., Infosys Limited, Wipro Limited, Microsoft Corporation.

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IoT Managed Services Market Overview

The IoT managed services are services that aid in IoT environment management. It defines a suitable business strategy for digital transformation and enables organizations to bring together the right mix of IoT products and solutions. IoT managed services offer systematic solutions to business problems, boost operational efficiency, and open up new markets.
IoT Managed Services Global Market Report 2023 provides data on the global IoT managed services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The IoT managed services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.