The IoT Managed Services Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the IoT Managed Services Market?
The market size for IoT managed services has seen a substantial expansion in the past few years. In 2024, the market size was $88.38 billion, and this is projected to increase to $108.22 billion in 2025, with a CAGR of 22.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the IoT Managed Services Industry?
The IoT managed services market is projected to reach $263.01 billion in 2029, with a compound annual growth rate (CAGR) of 24.9%.
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What are the Key Growth Drivers Fueling the IoT Managed Services Market?
The key drivers in the iot managed services market are:
• Expansion of 5G networks
• Growth in edge computing for IoT
• Emphasis on IoT security and privacy
• Rise of industry-specific IoT applications
Global Market Segmentation: Identifying Major IoT Managed Services Industry Segments
The IoT managed services market covered in this report 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
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What are the Emerging Trends Shaping the Future of the IoT Managed Services Market?
The key trends in the workplace safety market are:
• The integration of artificial intelligence in IoT management is emerging as a significant trend.
• There is a growing trend towards managed IoT platform-as-a-service (PaaS) offerings.
• Predictive maintenance and remote monitoring are becoming more prevalent in the market.
• The shift towards sustainable and green IoT practices and the adoption of blockchain for IoT security are notable emerging trends.
Who Are the Top Competitors & Leading Players in the IoT Managed Services Market?
Major companies 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
• 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
Regional Dominance: Which Area Leads the Global IoT Managed Services Market?
North America was the largest region in the IoT managed services market in 2024
