IoT Managed Services Market to Reach US$ 135.0 Bn at CAGR of 18.5% by 2025 | The Insight Partners

IoT Managed Services Market to 2027 - Global Analysis and Forecasts by Service (Device Management Services, Data Management Services, Network Management Services, and Security Management Services); by End-Use (Government, Manufacturing, Transportation & Logistics, Energy & Utilities, Smart Building & Home, IT & Telecom, Healthcare, BFSI, and Retail)

Publication Month: Feb 2019 | Report Code: TIPTE100000445 | No. of Pages: 140 | Category: Technology, Media and Telecommunications | Status: Published

Premium Insights

The Global IoT Managed Services Market was valued at US$ 30.2 Bn in 2018 and is anticipated to grow at a CAGR of 18.5% to account for US$ 135.0 Bn by 2027.

Factors such as increasing adoption of connected devices, smart homes, and smart cities are the key factors driving the global IoT managed services market. Also, the Asia-Pacific region is anticipated to provide numerous profitable opportunities for the market players operating in the IoT managed services market in the coming years.

 

Exhibit: IoT Managed Services Regional Markets


 

Market Insights

Increasing Demand from the Manufacturing Sector

The increasing adoption of IoT in the manufacturing sector is creating a massive demand for IoT managed services and are significantly driving the global IoT managed services market. With the increasing adoption of IoT in the manufacturing sector, most of the manufacturing companies are facing challenges while implementing IoT such as identification of suitable IoT solution, compatibility of IoT devices from different vendors, and others. To resolve this issue, IoT managed services providers offer services such as evaluate, integrate, and deploy IoT solution based on the requirement. For instance, Microsoft offers Azure cloud platform to enable industrial IoT centric device management. To tap the market vendors are highly focused on offering unique services such as smart enterprise control, smart factory and business interconnect services, asset performance management, and others. Currently, the government, manufacturing, and transport & logistics collectively accounted for almost half of the global IoT managed services market by end-use in 2018. Moreover, the transport & logistics market for IoT managed services is expected to grow with a CAGR of 20.9% during the forecast period of 2019 – 2027.

 

Integration of Managed Security Services with Other Technologies

IoT Managed service providers are integrating new technologies to gain more intelligent insights about the behavior of malware and other threats. Few vendors have network sandboxing technology with its services to gain access to the behavior of malicious activities in a virtual environment. Network sandboxing technology generates huge volumes of reporting information than traditional tools. Advanced automated security event and log correlation rules are applied to filter out the false positives. The real threats are then analyzed using managed security services technology to understand the behavior and business impact of reaming positive threats. A detailed incident report is generated with specific remediation recommendations. This helps service providers to focus on their resources to true incidents rather than on false incidents. Security management services in IoT managed services market are expected to be the fastest growing segment during the forecast period.


Exhibit: IoT Managed Services Market by Region


 

Strategic Insights

The partnership was observed as the most adopted strategy in global IoT managed services market. Few of the recent strategies by some of the players are listed below:

 

2018: Cisco entered into the partnership with MTN to offer IoT services in South Africa with Cisco’s Jasper Control Center automated IoT connectivity platform. With collaboration with MTN, Cisco offered business customers with the launch, manage, and monetize IoT services.

 

2018: Infosys entered into the collaboration with PTC for the launch of joint CoE at Infosys campus in India. CoE will be focusing on the vertical specific IoT solutions with PTC ThingWorx industrial innovation platform.

 

2018: Wipro entered into the partnership with JCB India Ltd., a leading construction equipment manufacturer to deploy IoT to 10,000s construction equipment machine of JCB. Wipro’s IoT solution allows JCB to remotely monitor the health and performance of machines in the field.

 

GLOBAL IOT MANAGED SERVICES - MARKET SEGMENTATION

By SERVICE

  • Device Management Services
  • Data Management Services
  • Network Management Services
  • Security Management Services

 

By End-Use

  • Government
  • Manufacturing
  • Transportation & Logistics
  • Energy & Utilities
  • Smart Building & Home
  • IT & Telecom
  • Healthcare
  • BFSI
  • Retail

 

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Rest of SAM


Company Profiles

 

  • Cisco Systems Inc.
  • Cognizant
  • Google Inc.
  • Harman International
  • HCL Technologies Limited
  • IBM Corporation
  • Infosys Limited
  • Microsoft
  • Tata Consultancy Services Limited
  • Wipro Limited

1.   INTRODUCTION

1.1    Scope of the Study

1.2    The Insight partners research report guidance

2.   key takeaways

3.   IoT Managed services market landscape

3.1    market overview

3.2    market segmentation

3.2.1    Global IoT Managed Services Market – By Services

3.2.2    Global IoT Managed Services Market – By End-Use

3.2.3    Global IoT Managed Services Market – By Geography

3.3    PEST ANAlysis

3.3.1    North America – PEST Analysis

3.3.2    Europe – PEST Analysis

3.3.3    Asia Pacific – PEST Analysis

3.3.4    Middle East and Africa – PEST Analysis

3.3.5    South America – PEST Analysis

4.   Iot managed services market – key industry dynamics

4.1    key market drivers

4.1.1    Increasing adoption of IoT across the industries

4.1.2    Continuous Advancements in Cloud Technology

4.1.3    Increasing Demand from Manufacturing Sector

4.2    Key market restraints

4.2.1    Vulnerable IoT interfaces

4.2.2    Exposure of confidential information – Privacy Concerns

4.3    KEY MARKET opportunities

4.3.1    Analytical and big data features

4.3.2    Integration of Managed Security Services with Other Technologies

4.4    FUTURE TRENDS

4.4.1    Managed service providers shifting towards Everything-as-a-Service (XaaS)

4.4.2    Emergence of multi-cloud for IoT

4.5    impact analysis of Drivers and restraints

5.   iot managed services – global market analysis

5.1    Global iot managed services Market Overview

5.2    Global iot managed services market Forecast and Analysis

6.   IOT MANAGED SERVICES market revenue and forecasts to 2027 – SERVICES

6.1    Overview

6.2    Global IOT MANAGED SERVICES Market Breakdown, By SERVICES, 2018 & 2027

6.3    DEVICE MANAGEMENT SERVICES market

6.3.1    Overview

6.3.2    Device Management Services Market Forecasts and Analysis

6.4    DATA MANAGEMENT SERVICES market

6.4.1    Overview

6.4.2    Data Management Services Market Forecasts and Analysis

6.5    NETWORK MANAGEMENT SERVICES market

6.5.1    Overview

6.5.2    Network Management Services Market Forecasts and Analysis

6.6    SECURITY MANAGEMENT SERVICES market

6.6.1    Overview

6.6.2    Security Management Services Market Forecasts and Analysis

7.   IOT MANAGED SERVICES market revenue and forecasts to 2027 – END-USE

7.1    Overview

7.2    Global IOT MANAGED SERVICES Market Breakdown, By END-USE, 2018 & 2027

7.3    Government market

7.3.1    Overview

7.3.2    Government Market Forecasts and Analysis

7.4    Manufacturing market

7.4.1    Overview

7.4.2    Manufacturing Market Forecasts and Analysis

7.5    Transportation & Logistics market

7.5.1    Overview

7.5.2    Transportation & Logistics Market Forecasts and Analysis

7.6    Energy & Utility market

7.6.1    Overview

7.6.2    Energy & Utility Market Forecasts and Analysis

7.7    SMART BUILDING & HOME market

7.7.1    Overview

7.7.2    Smart Building & Home Market Forecasts and Analysis

7.8    IT & Telecom market

7.8.1    Overview

7.8.2    IT & Telecom Market Forecasts and Analysis

7.9    HEALTHCARE market

7.9.1    Overview

7.9.2    Healthcare Market Forecasts and Analysis

7.10   BFSI market

7.10.1     Overview

7.10.2     BFSI Market Forecasts and Analysis

7.11   RETAIL market

7.11.1     Overview

7.11.2     Retail Market Forecasts and Analysis

8.   Global iot managed services market – Geographical ANalysis

8.1    Overview

8.2    North America IoT managed services Market Revenue and Forecasts to 2027

8.2.1    North America IoT Managed Services Market Revenue and Forecasts to 2027 (US$ Bn)

8.2.2    North America IoT Managed Services Market Breakdown, by Key Countries

8.2.2.1   U.S. IoT Managed Services Market Revenue and Forecasts to 2027 (US$ BN)

8.2.2.2   Canada IoT Managed Services Market Revenue and Forecasts to 2027 (US$ Bn)

8.2.2.3   Mexico IoT Managed Services Market Revenue and Forecasts to 2027 (US$ Bn)

8.2.3    North America IoT Managed Services Market Breakdown by Services

8.2.4    North America IoT Managed Services Market Breakdown by End-Use

8.3    Europe IoT Managed Services Market Revenue and Forecasts to 2027

8.3.1    Europe IoT Managed Services Market Revenue and Forecasts to 2027 (US$ Bn)

8.3.2    Europe IoT Managed Services Market Breakdown, by Key Countries

8.3.2.1   UK IoT Managed Services Market Revenue and Forecasts to 2027 (US$ Bn)

8.3.2.2   Germany IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.3.2.3   France IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.3.2.4   Spain IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.3.2.5   Italy IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.3.2.6   Rest of Europe IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.3.3    Europe IoT Managed Services Market Breakdown by Service

8.3.4    Europe IoT Managed Services Market Breakdown by End-Use

8.4    asia-pacific IoT managed services Market REVENUE AND FORECASTS TO 2027

8.4.1    Overview

8.4.2    Asia-Pacific IoT Managed Services Market Breakdown by Key Countries

8.4.2.1   South Korea IoT Managed Services Market Revenue and Forecasts to 2027 (US$ Bn)

8.4.2.2   China IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.4.2.3   India IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.4.2.4   Japan IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.4.2.5   Australia IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.4.2.6   Rest of Asia-Pacific IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.4.3    Asia-Pacific IoT Managed Services Market Breakdown by Service

8.4.4    Asia-Pacific IoT Managed Services Market Breakdown by End-Use

8.5    mea IoT managed services Market REVENUE AND FORECASTS TO 2027

8.5.1    Overview

8.5.2    MEA IoT Managed Services Market Breakdown by Key Countries

8.5.2.1   Saudi Arabia IoT Managed Services Market Revenue and Forecasts to 2027 (US$ Bn)

8.5.2.2   UAE IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.5.2.3   South Africa IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.5.2.4   Rest of MEA IoT Managed Services Market Revenue and Forecast to 2027 (US$ Bn)

8.5.3    MEA IoT Managed Services Market Breakdown by Service

8.5.4    MEA IoT Managed Services Market Breakdown by End-Use

8.6    South america IoT managed services Market Revenue and Forecasts to 2027

8.6.1    Overview

8.6.2    SAM IoT Managed Services by Key Countries

8.6.2.1   Brazil IoT Managed Services Market Revenue and Forecasts to 2027 (US$ Bn)

8.6.2.2   Rest of SAM IoT Managed Services Market Revenue and Forecasts to 2027 (US$ Bn)

8.6.3    SAM IoT Managed Services Market Breakdown by Service

8.6.4    SAM IoT Managed Services Market Breakdown by End-Use

9.   industry landscape

9.1    Market Initiative

9.2    MERGER AND ACQUISITION

10. Competitive Landscape

10.1   COMPETITIVE SERVICE MAPPING

10.2   Market Positioning – Global Top 5 Players Ranking

11. IoT managed services market, key copany profiles

11.1   Cisco Systems, Inc.

11.1.1  Key Facts

11.1.2  Business Description

11.1.3  Financial Overview

11.1.4  SWOT Analysis

11.1.5  Key Developments

11.2   Cognizant

11.2.1  Key Facts

11.2.2  Business Description

11.2.3  Financial Overview

11.2.4  SWOT Analysis

11.2.5  Key Developments

11.3   GOOGLE, INC.

11.3.1  Key Facts

11.3.2  Business Description

11.3.3  Financial Overview

11.3.4  SWOT Analysis

11.3.5  Key Developments

11.4   HARMAN International

11.4.1  Key Facts

11.4.2  Business Description

11.4.3  SWOT Analysis

11.4.4  Key Developments

11.5   HCL Technologies Limited

11.5.1  Key Facts

11.5.2  Business Description

11.5.3  Financial Overview

11.5.4  SWOT Analysis

11.5.5  Key Developments

11.6   IBM Corporation

11.6.1  Key Facts

11.6.2  Business Description

11.6.3  Financial Overview

11.6.4  SWOT Analysis

11.6.5  Key Developments

11.7   Infosys Limited

11.7.1  Key Facts

11.7.2  Business Description

11.7.3  Financial Overview

11.7.4  SWOT Analysis

11.7.5  Key Developments

11.8   microsoft

11.8.1  Key Facts

11.8.2  Business Description

11.8.3  Financial Overview

11.8.4  SWOT Analysis

11.8.5  Key Developments

11.9   Tata Consultancy Services Limited

11.9.1  Key Facts

11.9.2  Business Description

11.9.3  Financial Overview

11.9.4  SWOT Analysis

11.9.5  Key Developments

11.10 Wipro Limited

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Financial Overview

11.10.4 SWOT Analysis

11.10.5 Key Developments

12. Appendix

12.1   about the insight partners

12.2   glossary

12.3   Methodology

12.3.1  Coverage

12.3.2  Secondary Research

12.3.3  Primary Research

 

 

LIST OF TABLES

TABLE 1.   Global Market Revenue and Forecasts to 2027 (US$ Bn)

TABLE 2.   North America IoT managed services market Revenue and Forecasts to 2027 – By services  (US$ bn)

TABLE 3.   North America IOT MANAGED SERVICES Market Revenue and Forecasts to 2027 – By END-USE  (US$ bn)

TABLE 4.   europe IoT managed services Market REVENUE AND FORECASTS TO 2027 – By service (US$ bn)

TABLE 5.   europe IoT managed services Market REVENUE AND FORECASTS TO 2027 – By end-use (US$ bn)

TABLE 6.   Asia-pacific IoT managed services Market REVENUE AND FORECASTS TO 2027 – By service (US$ bn)

TABLE 7.   asia-pacific IoT managed services Market REVENUE AND FORECASTS TO 2027 – By end-use (US$ bn)

TABLE 8.   MEA IoT managed services Market REVENUE AND FORECASTS TO 2027 – By service (US$ bn)

TABLE 9.   MEA IoT managed services Market REVENUE AND FORECASTS TO 2027 – By end-use (US$ bn)

TABLE 10. SAM IoT managed services Market REVENUE AND FORECASTS TO 2027 – By service (US$ bn)

TABLE 11. SAM IoT managed services Market REVENUE AND FORECASTS TO 2027 – By end-use (US$ bn)

TABLE 12. Glossary of terms, IOT MANAGED SERVICES market

 

LIST OF FIGURES

FIGURE 1.       Asia pacific IoT Managed Services MArket, By Revenue (US$ Bn), 2018 & 2027

FIGURE 2.      SECURITY MANAGEMENT Services MArket, By Revenue (US$ Bn), 2018 & 2027

FIGURE 3.      IoT Managed services market segmentation

FIGURE 4.      IoT Managed Services market segmentation – BY Region

FIGURE 5.       north america – pest analysis

FIGURE 6.       europe – pest analysis

FIGURE 7.       asia pacific – pest analysis

FIGURE 8.       middle east and africa – pest analysis

FIGURE 9.       SOUTH AMERICA – PEST ANALYSIS

FIGURE 10.    IoT managed services market impact analysis of drivers and restraints

FIGURE 11.    Global IoT managed services Market

FIGURE 12.    Global IoT MANAGED SERVICES Market Forecast and Analysis, (US$ Bn)

FIGURE 13.    IOT MANAGED SERVICES Market Breakdown, By SERVICES, 2018 & 2027 (%)

FIGURE 14.    DEVICE MANAGEMENT SERVICES Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 15.    Global data management services Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 16.    Network MANAGEMENT SERVICES Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 17.    Global SECURITY management services Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 18.    Global IOT MANAGED SERVICES Market Breakdown, By END-USE, 2018 & 2027 (%)

FIGURE 19.    government Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 20.    Manufacturing Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 21.    TRANSPORTATION & LOGISTICS Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 22.    ENERGY & UTILITY Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 23.    Smart building & home Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 24.    IT & Telecom Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 25.    Healthcare Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 26.    BFSI Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 27.    Retail Market Revenue and Forecasts to 2027 (US$ Bn)

FIGURE 28.    IoT managed services Market, Global Breakdown by Geography, 2018 & 2027 (%)

FIGURE 29.    North America IoT managed services market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 30.    North America IoT Managed Services Market Breakdown by Key Countries, 2018 & 2027(%)

FIGURE 31.    U.S. IoT managed services Market Revenue and Forecasts to 2027 (US$ BN)

FIGURE 32.    Canada IoT Managed services Market Revenue and Forecasts to 2027 (US$ BN)

FIGURE 33.    Mexico IoT managed services Market Revenue and Forecasts to 2027 (US$ BN)

FIGURE 34.    North America IoT managed services Market Breakdown by services, 2018 & 2027 (%)

FIGURE 35.    North America IoT managed services Market Breakdown by end-use, 2018 & 2027 (%)

FIGURE 36.    Europe IoT managed services market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 37.    EUROPE IOT Managed Services Market Breakdown by Key Countries, 2018 & 2027(%)

FIGURE 38.    uk IoT managed services Market REVENUE AND FORECASTS TO 2027 (US$ bn)

FIGURE 39.    germany IoT Managed Services Market REVENUE AND FORECASTS TO 2027 (US$ bN)

FIGURE 40.    frnce IoT Managed Services Market REVENUE AND FORECASTS TO 2027 (US$ bN)

FIGURE 41.    spain IoT Managed Services Market REVENUE AND FORECASTS TO 2027 (US$ bN)

FIGURE 42.    italy IoT Managed Services Market REVENUE AND FORECASTS TO 2027 (US$ bN)

FIGURE 43.    rest of europe IoT Managed Services Market REVENUE AND FORECASTS TO 2027 (US$ bN)

FIGURE 44.    EUROPE IoT managed services Market Breakdown by service, 2018 & 2027 (%)

FIGURE 45.    europe IoT managed services Market Breakdown By end-use, 2018 & 2027 (%)

FIGURE 46.    asia-pacific IoT managed services Market REVENUE AND FORECASTS TO 2027 (US$ bn)

FIGURE 47.    asia-pacific IoT Managed Services Market Breakdown by Key Countries, 2018 & 2027 (%)

FIGURE 48.    south korea IoT managed services Market REVENUE AND FORECASTS TO 2027 (US$ bn)

FIGURE 49.    china IoT managed services Market REVENUE AND FORECASTS TO 2027 (US$ BN)

FIGURE 50.    India IoT managed seervices Market REVENUE AND FORECASTS TO 2027 (US$ bN)

FIGURE 51.    japan IoT managed services Market REVENUE AND FORECASTS TO 2027 (US$ BN)

FIGURE 52.    Australia IoT managed services Market REVENUE AND FORECASTS TO 2027 (US$ BN)

FIGURE 53.    rest of asia-pacific IoT Managed Services Market REVENUE AND FORECASTS TO 2027 (US$ BN)

FIGURE 54.    Asia-Pacific IoT managed services Market Breakdown by service, 2018 & 2027 (%)

FIGURE 55.    Asia-Pacific IoT managed services Market Breakdown By end-use, 2018 & 2027 (%)

FIGURE 56.    mea IoT managed services MANAGEMENT Market REVENUE AND FORECASTS TO 2027 (US$ bn)

FIGURE 57.    MEA IOT MANAGED SERVICES Market Breakdown by Key Countries, 2017 & 2027 (%)

FIGURE 58.    saudi arabia iot managed services Market REVENUE AND FORECASTS TO 2027 (US$ bn)

FIGURE 59.    uae iot managed services Market REVENUE AND FORECASTS TO 2027 (US$ bN)

FIGURE 60.    South Africa IoT managed services Market REVENUE AND FORECASTS TO 2027 (US$ bN)

FIGURE 61.    REST OF MEA IoT managed services Market REVENUE AND FORECASTS TO 2027 (US$ bN)

FIGURE 62.    MEA IoT managed services Market Breakdown by service, 2018 & 2027 (%)

FIGURE 63.    MEA IoT managed services Market Breakdown By end-use, 2018 & 2027 (%)

FIGURE 64.    SAM IoT managed services Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 65.    SAM IoT managed services MARKET Breakdown by Key Countries, 2018 & 2027(%)

FIGURE 66.    Brazil iot managed services Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 67.    Rest of SAM IoT managed services Market Revenue and Forecasts to 2027 (US$ bn)

FIGURE 68.    SAM IoT managed services Market Breakdown by service, 2018 & 2027 (%)

FIGURE 69.    SAM IoT managed services Market Breakdown By end-use, 2018 & 2027 (%)

 

 

The List of Companies

  1. Cisco Systems Inc.
  2. Cognizant
  3. Google Inc.
  4. Harman International
  5. HCL Technologies Limited
  6. IBM Corporation
  7. Infosys Limited
  8. Microsoft
  9. Tata Consultancy Services Limited
  10. Wipro Limited
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global IoT Managed Services market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the IoT Managed Services market, thereby allowing players across the value chain to develop effective long term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client offering, segmentation, pricing and distribution
  • Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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