Press release
Exploring the Growth of IoT Managed Services Market: CAGR of 24.9%, Increased IoT Complexity and the Rise of 5G Networks and Edge Computing for IoT Drive Market Expansion
Exploring the Growth of IoT Managed Services Market
What Is The Projected Market Size Of The Global IoT Managed Services Market And Its Growth Rate?
• Market size in 2024 was worth $88.38 billion, growing to $108.22 billion in 2025 with a CAGR of 22.4%.
• Projected exponential growth leads to a market size of $263.01 billion in 2029 with a CAGR of 24.9%.
• Growth factors include high IoT device proliferation, need for secure connectivity, increased demand for data analytics in IoT, and limitations of in-house expertise for IoT management.
• Major trends for the forecast period include AI integration in IoT management, managed IoT PaaS, predictive maintenance and remote monitoring, sustainable IoT practices, and adoption of blockchain for IoT security.
What Is Driving The Growth In The IoT Managed Services Market?
The significant drivers of the IoT managed services market include high usage in the automotive, electronic goods, and telecommunications industries. Recent improvements in technology and deployment of long-term evolution (LTE) networks are major contributors. For instance, as per a report by the Health Sector Cybersecurity Coordination Center (HC3) in August 2022, approximately 7 billion devices are connected via IoT in 2022, and this number is predicted to increase by an additional 20 billion devices by 2025.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7554&type=smp
Who Are the Key Players Driving IoT Managed Services Market Growth?
• 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
• T-Mobile US Inc.
• 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
• Fujitsu Limited
• NTT Data Corporation
What Are The Key Trends In The IoT Managed Services Market?
• Integration of artificial intelligence in IoT management
• Managed IoT platform-as-a-service (PaaS)
• Predictive maintenance and remote monitoring
• Sustainable and green IoT practices
• Adoption of blockchain for IoT security
What Are The Segments Of The Global IoT Managed Services Market?
• By Service Type: Infrastructure Management Services, Security Management Services, Network Management Services, Data Management Services, Device Management Services
• By End-Users: Automotive And Transport, Information Technology And Telecom, Healthcare, Banking, Financial Services, And Insurance (BFSI), Manufacturing, Other End-Users
• By Organization Size: Small And Medium Enterprises, Large Enterprises
Which Region Leads The IoT Managed Services Market?
North America was the largest region in the IoT managed services market in 2024. However, during the forecast period, the Asia-Pacific region is expected to see the fastest growth. Other regions covered in this report include Western Europe, Eastern Europe, South America, the Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/iot-managed-services-global-market-report
What Is Covered In The IoT Managed Services Market Global Market Report?
- Market Size Analysis: Analyze the IoT Managed Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IoT Managed Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IoT Managed Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IoT Managed Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company:
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Exploring the Growth of IoT Managed Services Market: CAGR of 24.9%, Increased IoT Complexity and the Rise of 5G Networks and Edge Computing for IoT Drive Market Expansion here
News-ID: 3817184 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for IoT
IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
IoT Insurance Market Size Growth Forecast: What to Expect by 2025?
The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)…
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-…
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview -
The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or…
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled…
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom - for complete manufactures list, please…
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market.
"Blockchain in Internet…
