Market Forecast By Service Type (Infrastructure management services, Security management services, Network management services, Data management services, Device management services), By Applications (Smart manufacturing, Smart metal, IT & telecom, Smart transportation, Smart energy & utilities, Smart buildings, Others (smart healthcare and smart education)) And Competitive Landscape
Product Code: ETC4427316 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Report Name | Australia Internet of Things Iot Managed Services Market |
Forecast period | 2025-2031 |
CAGR- | 8.7% |
Growing Sector | Healthcare |
The Australia Internet of Things (IoT) Managed Services Market report thoroughly covers the market by service type and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Internet of Things (IoT) Managed Services Market has accomplished major success and is projected to attain more in the coming years on the back of the increased number of connected devices, government support, the adoption of cloud-based services, and businesses to protect their data.
According to 6Wresearch, the Australia Internet of Things (IoT) Managed Services Market size is expected to reach a significant CAGR of 8.7% during the forecast period from 2025-2031. One of the major drivers for the growth of the market is the increasing adoption of IoT technology in various industries such as healthcare, transportation, manufacturing, and agriculture. These industries impose IoT to improve efficiency, productivity, and cost-effectiveness, but maintaining and securing data generated by devices is a challenging task. IoT-managed service provides expertise and resources to handle the infrastructure of IoT. The growing emphasis on data security is another factor contributing to the IoT managed services. With the rising cases of cyber threats, companies are concerned about the security of the data and connected devices. IoT-managed services offer security solutions and continuous monitoring to ensure the safety of sensitive data.
However, despite growth and demand in the market, there are some challenges hindering the Australia Internet of Things (IoT) Managed Services Market Growth. One of the main challenges is security. As many devices are connected, the rise of cyber-attacks and breaching of the data increases. So, it is crucial for managed service providers to offer the best security measures in order their protect sensitive data. Managed services require a skilled workforce poses a challenge as Australia lacks skilled labor. With the vast amount of data generated across devices, the management and analysis of data pose a challenge for the market.
Some of the key players in the Australia Internet of Things (IoT) Managed Services Market include names Telstra, Vodafone, Fujitsu Australia, KPMG Australia, and Optus. These companies are leveraging their existing infrastructure and getting experts in telecommunications to offer end-to-end solutions for businesses.
The government has taken several initiatives to boost the Australia Internet of Things (IoT) Managed Services market. The government has also launched the National Innovation and Science Agenda (NISA), which aims to promote innovation and entrepreneurship in Australia and includes a focus on fostering digital technology adoption and supporting IoT initiatives. The government has also established the Cyber Security Growth Centre as part of its Industry Growth Centres Initiative. This centre works to support the growth and development of Australia's cybersecurity sector, which is crucial for protecting the increasing amount of data being generated by IoT devices. The government has also invested in research and development to support IoT.
The Australia Internet of Things (IoT) Managed Services Industry is witnessing significant growth in the future driven by government support, the adoption of cloud-based services, and businesses to protect their data. As more and more devices are connected, the demand for IoT-managed services will rise. With the growth of sensitive data and concerns about managing it, more businesses are adopting IoT-managed services.
According to Ravi Bhandari, Research Head, 6Wresearch, the network management services segment dominated this industry. Network management involves monitoring and managing the connections between devices, as well as ensuring their seamless communication and functionality. The segment will grow in the coming years due to the increasing number of connected devices across various industries, network management services are crucial for maintaining a smooth and efficient IoT ecosystem.
In the Application, the healthcare segment has been leading the Australia Internet of Things (IoT) Managed Services Market Share due to the increasing use of connected medical devices and wearables, healthcare providers are turning to managed services to manage their IoT infrastructure, ensuring data security and seamless integration with existing systems.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Internet of Things (IoT) Managed Services Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Internet of Things (IoT) Managed Services Market - Industry Life Cycle |
3.4 Australia Internet of Things (IoT) Managed Services Market - Porter's Five Forces |
3.5 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume Share, By Service Type, 2021 & 2031F |
3.6 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Australia Internet of Things (IoT) Managed Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of IoT technology in various industries |
4.2.2 Growing demand for managed services to support IoT infrastructure |
4.2.3 Government initiatives and funding for IoT projects in Australia |
4.3 Market Restraints |
4.3.1 Data security and privacy concerns related to IoT devices and services |
4.3.2 High initial setup costs for implementing IoT solutions |
4.3.3 Lack of skilled workforce for managing IoT systems effectively |
5 Australia Internet of Things (IoT) Managed Services Market Trends |
6 Australia Internet of Things (IoT) Managed Services Market, By Types |
6.1 Australia Internet of Things (IoT) Managed Services Market, By Service Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Service Type, 2021-2031F |
6.1.3 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Infrastructure management services, 2021-2031F |
6.1.4 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Security management services, 2021-2031F |
6.1.5 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Network management services, 2021-2031F |
6.1.6 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Data management services, 2021-2031F |
6.1.7 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Device management services, 2021-2031F |
6.2 Australia Internet of Things (IoT) Managed Services Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Smart manufacturing, 2021-2031F |
6.2.3 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Smart metal, 2021-2031F |
6.2.4 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By IT & telecom, 2021-2031F |
6.2.5 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Smart transportation, 2021-2031F |
6.2.6 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Smart energy & utilities, 2021-2031F |
6.2.7 Australia Internet of Things (IoT) Managed Services Market Revenues & Volume, By Smart buildings, 2021-2031F |
7 Australia Internet of Things (IoT) Managed Services Market Import-Export Trade Statistics |
7.1 Australia Internet of Things (IoT) Managed Services Market Export to Major Countries |
7.2 Australia Internet of Things (IoT) Managed Services Market Imports from Major Countries |
8 Australia Internet of Things (IoT) Managed Services Market Key Performance Indicators |
8.1 Average revenue per user (ARPU) for IoT managed services |
8.2 Number of active IoT devices connected to managed services |
8.3 Percentage of IoT projects completed within specified timelines |
9 Australia Internet of Things (IoT) Managed Services Market - Opportunity Assessment |
9.1 Australia Internet of Things (IoT) Managed Services Market Opportunity Assessment, By Service Type, 2021 & 2031F |
9.2 Australia Internet of Things (IoT) Managed Services Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Australia Internet of Things (IoT) Managed Services Market - Competitive Landscape |
10.1 Australia Internet of Things (IoT) Managed Services Market Revenue Share, By Companies, 2024 |
10.2 Australia Internet of Things (IoT) Managed Services Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |