Market Research Logo

Internet of Things (IoT) Managed Services Market by Service Type (Infrastructure Management, Security Management, Network Management, Data Management, Device Management), Vertical, and Region - Global Forecast to 2021

Internet of Things (IoT) Managed Services Market by Service Type (Infrastructure Management, Security Management, Network Management, Data Management, Device Management), Vertical, and Region - Global Forecast to 2021

Growing inclination toward cost-efficient managed services is expected to drive the growth of the IoT managed services market
The IoT managed services market size is expected to grow from USD 21.85 billion in 2016 to USD 79.60 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 29.5% during the period 2016–2021. The major drivers for the upsurge in demand for the IoT managed services market include rise of managed cloud services and growing inclination towards cost effective managed services. The inability of Managed Service Providers (MSPs) to cope up with IoT complexities and the lack of scalability and flexibility in their service offerings are the major restraints for the IoT managed services markets.

Smart manufacturing is estimated to have the largest market share
The smart manufacturing vertical is expected to have the largest market share during the forecast period. The manufacturers’ need for operational efficiency has increased the utilization of sensors through enhanced automation and integrated connected technology solutions across the manufacturing process, which in turn, has increased the demand for IoT managed services for various manufacturing applications.

Asia-Pacific (APAC) is expected to grow at a faster rate during the forecast period
As per the geographic analysis, APAC is expected to grow at the highest CAGR during the forecast period. The region is estimated to surpass Europe in terms of IoT adoption and deployment in the near future. This growth can be attributed to the growing number of connected devices, sensors, network connectivity, and cloud adoptions for business applications and also the increasing requirements of the enterprise IT security technologies.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profiles of primary discussion participants are given below:
By Company Type: Tier-1 (39%), Tier-2 (34%), and Tier-3 (27%)
By Designation: C-Level (68 %), Manager Level (21 %), and Others (11%)
By Region: Europe (36 %), APAC (24 %), North America (22 %), and the Rest of World (RoW) (18%)

The various key IoT managed services vendors profiled in the report are as follows:
1. Cisco Systems, Inc. (California, U.S.)
2. Cognizant Technology Solutions Corporation (New Jersey, U.S.)
3. HCL Technologies Limited (Uttar Pradesh, India)
4. Harman International Industries, Inc. (Connecticut, U.S.)
5. Infosys Limited (Karnataka, India)
6. Virtusa Corporation (Massachusetts, U.S.)
7. Tieto Corporation (Helsinki, Finland)
8. Tata Consultancy Services Limited (Maharashtra, India)
9. Tech Mahindra Limited (Maharashtra, India)
10. Wipro Limited (Karnataka, India).

Research Coverage
The global IoT managed services market has been segmented on the basis of services type, vertical, and region. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions. In addition to this, product portfolio analysis, value chain analysis, and strategic benchmarking are some of the other MarketsandMarkets analysis included in the report.

Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the IoT managed services market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments, across different regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • SECONDARY DATA
      • KEY DATA POINTS TAKEN FROM SECONDARY SOURCES
    • PRIMARY DATA
      • KEY DATA FROM PRIMARY SOURCES
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table IOT MANAGED SERVICES MARKET AND GROWTH RATE, 2016-2021 (USD BILLION, Y-O-Y%)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE IOT MANAGED SERVICES MARKET
    • IOT MANAGED SERVICES MARKET, BY REGION, 2016
    • IOT MANAGED SERVICES MARKET, BY SERVICE TYPE, 2016-2021
    • IOT MANAGED SERVICES MARKET, BY VERTICAL, 2016-2021
    • LIFECYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • IOT MANAGED SERVICES MARKET SEGMENTATION: BY SERVICE TYPE
      • BY VERTICAL
      • BY REGION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • STRATEGIC BENCHMARKING
      • Table IOT MANAGED SERVICES MARKET: STRATEGIC BENCHMARKING
  • IOT MANAGED SERVICES MARKET ANALYSIS, BY SERVICE TYPE
    • INTRODUCTION
      • Table IOT MANAGED SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
    • INFRASTRUCTURE MANAGEMENT SERVICES
      • Table INFRASTRUCTURE MANAGEMENT SERVICES: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SECURITY MANAGEMENT SERVICES
      • Table SECURITY MANAGEMENT SERVICES: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • NETWORK MANAGEMENT SERVICES
      • Table NETWORK MANAGEMENT SERVICES: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • DATA MANAGEMENT SERVICES
      • Table DATA MANAGEMENT SERVICES: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • DEVICE MANAGEMENT SERVICES
      • Table DEVICE MANAGEMENT SERVICES: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
  • IOT MANAGED SERVICES MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table IOT MANAGED SERVICES MARKET SIZE, BY VERTICAL, 2016-2021 (USD MILLION)
    • SMART MANUFACTURING
      • Table SMART MANUFACTURING: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SMART RETAIL
      • Table SMART RETAIL: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • IT AND TELECOM
      • Table IT AND TELECOM: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SMART TRANSPORTATION
      • Table SMART TRANSPORTATION: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SMART ENERGY AND UTILITIES
      • Table SMART ENERGY AND UTILITIES: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • SMART BUILDINGS
      • Table SMART BUILDINGS: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • OTHERS
      • Table OTHERS: IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table IOT MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2021 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: IOT MANAGED SERVICES MARKET SIZE, 2016-2021 (USD MILLION, Y-O-Y %)
      • Table NORTH AMERICA: IOT MANAGED SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table NORTH AMERICA: IOT MANAGED SERVICES MARKET SIZE, BY VERTICAL, 2016-2021 (USD MILLION)
    • EUROPE
      • Table EUROPE: IOT MANAGED SERVICES MARKET SIZE, 2016-2021 (USD MILLION, Y-0-Y %)
      • Table EUROPE: IOT MANAGED SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table EUROPE: IOT MANAGED SERVICES MARKET SIZE, BY VERTICAL, 2016-2021 (USD MILLION)
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: IOT MANAGED SERVICES MARKET SIZE, 2016-2021 (USD MILLION, Y-O-Y %)
      • Table ASIA-PACIFIC: IOT MANAGED SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table ASIA-PACIFIC: IOT MANAGED SERVICES MARKET SIZE, BY VERTICAL, 2016-2021 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: IOT MANAGED SERVICES MARKET SIZE, 2016-2021 (USD MILLION, Y-O-Y %)
      • Table LATIN AMERICA: IOT MANAGED SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table LATIN AMERICA: IOT MANAGED SERVICES MARKET SIZE, BY VERTICAL, 2016-2021 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: IOT MANAGED SERVICES MARKET SIZE, 2016-2021 (USD MILLION, Y-O-Y %)
      • Table MIDDLE EAST AND AFRICA: IOT MANAGED SERVICES MARKET SIZE, BY SERVICE TYPE, 2016-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT MANAGED SERVICES MARKET SIZE, BY VERTICAL, 2016-2021 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION AND TRENDS
    • PARTNERSHIPS AND COLLABORATIONS, 2014-2016
      • Table PARTNERSHIPS AND COLLABORATIONS, 2014-2016
    • MERGERS AND ACQUISITIONS, 2014-2016
      • Table MERGERS AND ACQUISITIONS, 2014-2016
    • BUSINESS EXPANSIONS, 2016
      • Table BUSINESS EXPANSIONS, 2016
    • NEW SERVICE LAUNCHES, 2015-2016
      • Table NEW SERVICE LAUNCHES, 2015-2016
  • COMPANY PROFILES
    • CISCO SYSTEMS, INC.
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HAPPIEST MINDS TECHNOLOGIES
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HARMAN INTERNATIONAL INDUSTRIES, INC.
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HCL TECHNOLOGIES LIMITED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INFOSYS LIMITED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TATA CONSULTANCY SERVICES
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TECH MAHINDRA LIMITED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TIETO CORPORATION
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • VIRTUSA CORPORATION
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WIPRO LIMITED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KEY INNOVATORS
      • ARICENT INC.
      • FUTURISM TECHNOLOGIES PVT. LTD.
      • ILINK SYSTEMS INC.
      • SCALABLE SYSTEMS, INC.
      • TRUSTWAVE HOLDINGS, INC.
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATION
    • REFERENCES
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report