IoT Managed Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global IoT Managed Services Providers & Market Share and it is Segmented by Application (network management, device management, data management, security management, and other applications), End-user (energy and utilities, manufacturing, retail, healthcare, BFSI, IT & Telecom, and other end-users), and Geography (North America (United States, Canada, and rest of North America), Europe (Germany, UK, France, Spain, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and Latin America (Brazil, Argentina, and rest of Latin America), and Middle East & Africa (UAE, Saudi Arabia, South Africa, and rest of MEA). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

IoT Managed Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Internet of Things (IoT) Managed Services Industry Overview

The IoT-managed services market is highly fragmented, owing to many players. Most vendors are participating in various marketing strategies to expand their market share. The vendors available in the market are competing on price, quality, brand, and product differentiation. The acquisition of small players ensures an optimum position in IoT-managed services globally. Various key players are IBM Corporation, Accenture PLC, Tech Mahindra Limited, etc. Key current advancements are -

  • November 2022 - Argentine Chamber of IoT and Telit, a global Internet of Things (IoT) business, have formed a strategic alliance (CAIoT). CAIoT is a member organization that works to promote the IoT market. It addresses legal and regulatory issues, facilitates communication between suppliers and buyers of IoT solutions, improves knowledge of all industry verticals, and promotes IoT as a new growth engine for the Internet in Argentina.
  • August 2022 - Through a recent agreement with Integron, a managed services supplier for the Internet of Things (IoT) market, Stefanini is now offering eHealth outsourcing solutions to the healthcare and pharmaceutical industries. The agreement combines Stefanini's expertise in IT outsourcing, application development, solution deployment, and systems integration with Integron's tried-and-true managed IoT services, which include connection, security, and device monitoring.

Internet of Things (IoT) Managed Services Market Leaders

  1. Tech Mahindra Limited

  2. Infosys Limited

  3. Wipro Limited

  4. Cognizant Technology Solutions Corp.​

  5. HCL Technologies Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Internet of Things (IoT) Managed Services Market Concentration