The increasing adoption of connected devices and rapid roll-out of the 4G/5G network is significantly driving the global IoT managed services market
The IoT managed services market is witnessing a huge adoption across the industries during the forecast period. Various service providers operating in the market are focused on offering IoT managed services with advanced technology and competitive price. Further, the increasing adoption of cloud technology is enabling service providers to offer cloud-based services to their customers. IoT managed services market is witnessing multiple partnerships, mergers, and acquisitions among the players for the development of upgraded managed services.
Some of the key players in the IoT managed services market are Cisco Systems Inc., Cognizant, Google Inc., Harman International, HCL Technologies Limited, IBM Corporation, Infosys Limited, Microsoft, Tata Consultancy Services Limited, and Wipro Limited for a considerable share of the market owing to its service offerings and regional presence.
The key players are making significant investments in the IoT managed services market research and developments to offer advanced services to its customers. For instance, In September 2018, BSNL entered into the partnership with Unlimit for IoT services in India. This partnership will provide enhanced managed service for device management and advanced analytics for industries such as transportation, automotive, manufacturing, agriculture, public sector enterprise, and others. In September 2018, Qualcomm opened a center in Brazil for the development of IoT solutions. The center will focus on projects such as smart cities and other IoT based public sector projects. Qualcomm also entered into the partnership with Logicalis, an IT services firm to develop IoT solutions and services for Brazilian clients.
Many global and regional players are present in the IoT managed services market to offer diversified managed services to its customers. The partnership and acquisition remain the key strategy to enhance the service portfolio and to expand the footprints in different geographies. Few of the market related key developments are mentioned below-
| Year | News | Region |
| 2018 | Cisco entered into partnership with Kar-Tel, a leading mobile and network service provider in Kazakhstan to launch Cisco Jasper Control Center automated IoT connectivity platform for all companies looking to deliver IoT services to their customers on KaR-Tel’s mobile network. | Asia Pacific |
| 2018 | IBM extended its IoT offering to agriculture sector. This new AI-enabled IoT offering includes strategy, implementation, security, managed services, and operations. | North America |
| 2018 | Microsoft collaborated with Telefonica, a leading provider of IoT solution and services to facilitate IoT device integration with Microsoft Azure. This collaboration will facilitate device integration enhancing connectivity data exploitation, integrated diagnosis capabilities, and analytics. | Europe |
| 2017 | Google launched Google Cloud IoT Core, a fully managed service with high security connect and management of IoT devices. It enables enterprises to easily connect and centrally manage millions of connected devices. | North America |
