IoT is a 24 hours network of interconnected objects which are able to gather and exchange data using fixed sensors and mobile devices, among others. A connected device can be “smart” by integrating sensors, applications, networks, etc., which combined together to create additional intelligence. The applications of IoT can be observed in various industries today, such as healthcare, manufacturing, transport & logistics, retail, government and energy & utility, among others. Managed service is the application of outsourcing a dedicated team to manage defined responsibilities, to reduce cost and handle operations effectively. The market is growing owing to the rising evolution of smart cities and increasing ICT spending across industries, evolution of new applications in the field of wireless connectivity innovations along with the AI-based protection of data, devices and systems. These markets are highly used in the Healthcare, Retail, Transportation & Logistics, Utilities, Manufacturing, among various others. Surging demand from agriculture in smart farming and production sector for rising equipment productivity is a major driver for the increase of the IoT managed services market. The internet of things management market must develop to meet the ever-rising scale and scope of consumer, enterprise, industrial, and government solutions and systems. On the other hand the factors such as sluggish digitalization, dearth of common standards, coupled with privacy concerns, are restraining the market. Besides, the penetration of networking and communication technologies and the requirement for connected assets, real-time analytics and security of machines have resulted in the selection of IoT Managed Services.

Furthermore, the market is propelled by infrastructural advancements taking place in around the world and supportive economic conditions. In addition to this, several actions taken by governments in various countries for the development of digitalization are projected to provide new growth opportunities for players. The IT industry is transitioning from traditional hosting to cloud hosting. This boosts the increase of managed cloud services in China, which is propelling the market of wireless networking technologies. The major key players are emphasizing on new technological advancements to support the growth of the market for the Internet of Things in the domain.

The global IoT Managed Services Market is segregated on the basis of Service Type as Infrastructure management services, Security management services, Network management services, Data management services and Device management services. Based on Applications the global IoT Managed Services Market is segmented in Smart manufacturing, Smart metal, IT & telecom, Smart transportation, Smart energy & utilities, Smart buildings and Others.

The global IoT Managed Services Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The IoT Managed Services Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Cognizant, Harman International Industries, Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Tech Mahindra and others are among the major players in the global IoT Managed Services Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In February 2020, Smartfren, is an Indonesia’s leading telecom operators with more than 20 million active subscribers, declared Cisco as its preferred digitization partner to build a multi-cloud architecture. The project will include the creation of a digital service data center architecture in Indonesia with cloud computing and cloud services integrated.
• In October 2019, Integron declared the launch of managed services solution for mobile asset management. Integron will strengthen its expertise in IoT managed services to support connected health and life sciences companies in the turn key deployment of scalable asset management tools.
• In April 2019, Larsen & Toubro Infotech Ltd. and Veermata Jijabai Technological Institute (VJTI) executed various projects, which are the result of their alliance’s distinct Industrial Internet of Things (IIoT) test lab developed few years. By establishing the IIoT lab, the alliance of LTI-VJTI is intended to raise awareness and creating interest in using the cutting-edge and developing technologies to solve social problems.

The global IoT Managed Services Market has been segmented as below:

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

IoT Managed Services Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

IoT Managed Services Market, By Company

• Cognizant
• Harman International Industries, Inc.
• Dell Technologies Inc.
• Hewlett Packard Enterprise Co.
• Tech Mahindra
• Cisco Systems
• Oracle
• IBM
• Accenture
• HCL Technologies
• Microsoft
• Honeywell International
• Google
• AT&T
• General Electric
• SAP
• Intel
• Amazon Web Services

The report covers the below scope:

• Global IoT Managed Services Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global IoT Managed Services Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global IoT Managed Services Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global IoT Managed Services Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global IoT Managed Services Market share. Major industry players with significant revenue share include Cognizant, Harman International Industries, Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Tech Mahindra and others.

Why to Buy this Report:

• Gain detailed insights on the IoT Managed Services industry trends
• Find complete analysis on the market status
• Identify the IoT Managed Services Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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