Product Code: ETC13277453 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Internet of Things Managed Services Market was valued at USD 18.5 Billion in 2024 and is expected to reach USD 33.8 Billion by 2031, growing at a compound annual growth rate of 9.00% during the forecast period (2025-2031).
The Global Internet of Things (IoT) Managed Services Market is experiencing significant growth driven by the increasing adoption of IoT solutions across various industries. IoT managed services offer companies the ability to outsource the management of their IoT infrastructure, including device management, connectivity, security, and data analytics. This allows organizations to focus on their core business activities while benefiting from the expertise of managed service providers in implementing and maintaining IoT solutions. Key market players are offering a range of services tailored to different industry verticals, such as healthcare, manufacturing, and transportation, driving the market expansion. Additionally, the growing need for efficient IoT deployment, cost-effective solutions, and the rise of connected devices are further fueling the demand for IoT managed services globally.
The Global Internet of Things Managed Services Market is experiencing rapid growth due to the increasing adoption of IoT solutions across various industries. Key trends include the rising demand for end-to-end managed services to address complex IoT implementations, the integration of advanced technologies such as AI and machine learning to enhance IoT capabilities, and the focus on cybersecurity to protect IoT devices and networks. Opportunities in the market lie in offering customized managed services tailored to specific industry needs, expanding service offerings to include predictive maintenance and asset tracking solutions, and catering to the growing demand for managed IoT services in emerging markets. Overall, the market presents promising prospects for service providers to capitalize on the expanding IoT landscape and drive innovation in managed IoT services.
The Global Internet of Things (IoT) Managed Services Market faces various challenges, including data security and privacy concerns, interoperability issues among different IoT devices and platforms, and the lack of standardized protocols. Managing a vast network of interconnected devices also requires robust infrastructure and scalability, which can be costly and complex to implement. Additionally, the rapid pace of technological advancements in the IoT space means that service providers must constantly update their offerings and stay ahead of the competition. Furthermore, the need for skilled professionals with expertise in IoT technologies poses a challenge in meeting the growing demand for managed services in this market. Overall, addressing these challenges will be crucial for the sustainable growth and success of IoT managed services globally.
The Global Internet of Things (IoT) Managed Services Market is being primarily driven by the increasing adoption of IoT solutions across various industries, leading to the need for specialized managed services to support and maintain these complex systems. The growing demand for cost-effective and efficient IoT deployment, along with the rising focus on enhancing operational efficiency and productivity, is fueling the market growth. Additionally, the complexity of managing IoT devices, ensuring data security, and maintaining regulatory compliance are compelling organizations to outsource these services to specialized providers. Furthermore, the need for real-time monitoring, predictive maintenance, and data analytics capabilities in IoT deployments is driving the demand for managed services to optimize performance and maximize ROI in the IoT ecosystem.
Government policies related to the Global Internet of Things Managed Services Market vary by region and country. In the United States, the government has focused on initiatives to promote IoT adoption, such as funding for research and development, cybersecurity regulations, and standards to ensure data privacy and security. In the European Union, there are data protection regulations like the General Data Protection Regulation (GDPR) that impact IoT services. In China, the government has outlined strategic plans to support the development of IoT technology, including investments in infrastructure and policies to encourage innovation. Overall, government policies play a significant role in shaping the regulatory environment and market dynamics for IoT managed services globally, influencing factors such as data privacy, cybersecurity, and technological innovation.
The Global Internet of Things Managed Services Market is poised for significant growth in the coming years as businesses increasingly adopt IoT solutions to enhance operational efficiency and drive innovation. The market is expected to expand at a robust pace, driven by the growing complexity of IoT ecosystems, the need for specialized expertise in managing connected devices, and the rising demand for seamless integration of IoT solutions across industries. Managed service providers will play a crucial role in supporting organizations with end-to-end IoT services, including device management, data analytics, security, and maintenance. As IoT deployments continue to scale and evolve, the market for managed IoT services is likely to witness steady expansion, offering lucrative opportunities for service providers to deliver value-added solutions and drive digital transformation for businesses worldwide.
In the Global Internet of Things (IoT) Managed Services Market, Asia Pacific is expected to witness significant growth due to the increasing adoption of IoT solutions in countries like China, Japan, and India. North America remains a key player in the market, with a strong presence of IoT service providers and advanced technology infrastructure. Europe is also a prominent market for IoT managed services, driven by stringent regulations promoting IoT security and data privacy. In the Middle East and Africa region, IoT managed services are gaining traction in sectors like oil and gas, transportation, and healthcare. Latin America is experiencing steady growth in IoT managed services adoption, particularly in smart agriculture and smart city initiatives. Overall, each region offers unique opportunities and challenges for the IoT managed services market players.
Global Internet of Things (IoT) Managed Services Market |
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 Global Internet of Things (IoT) Managed Services Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Internet of Things (IoT) Managed Services Market Revenues & Volume, 2021 & 2031F |
3.3 Global Internet of Things (IoT) Managed Services Market - Industry Life Cycle |
3.4 Global Internet of Things (IoT) Managed Services Market - Porter's Five Forces |
3.5 Global Internet of Things (IoT) Managed Services Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Internet of Things (IoT) Managed Services Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Internet of Things (IoT) Managed Services Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.8 Global Internet of Things (IoT) Managed Services Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Internet of Things (IoT) Managed Services Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 Global Internet of Things (IoT) Managed Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Internet of Things (IoT) Managed Services Market Trends |
6 Global Internet of Things (IoT) Managed Services Market, 2021 - 2031 |
6.1 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Infrastructure management service, 2021 - 2031 |
6.1.3 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Security management service, 2021 - 2031 |
6.1.4 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Network management service, 2021 - 2031 |
6.1.5 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Data management service, 2021 - 2031 |
6.1.6 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Device management service, 2021 - 2031 |
6.2 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Cloud, 2021 - 2031 |
6.2.3 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By On-premise, 2021 - 2031 |
6.3 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Network Management, 2021 - 2031 |
6.3.3 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Device Management, 2021 - 2031 |
6.3.4 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Data Management, 2021 - 2031 |
6.3.5 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Security Management, 2021 - 2031 |
6.4 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.4.3 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Smart Retail, 2021 - 2031 |
6.4.4 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By IT and Telecom, 2021 - 2031 |
6.4.5 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Smart Transportation, 2021 - 2031 |
6.4.6 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Energy and Utilities, 2021 - 2031 |
6.4.7 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Buildings, 2021 - 2031 |
6.4.8 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Agriculture, 2021 - 2031 |
6.4.9 Global Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Internet of Things (IoT) Managed Services Market, Overview & Analysis |
7.1 North America Internet of Things (IoT) Managed Services Market Revenues & Volume, 2021 - 2031 |
7.2 North America Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
7.5 North America Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
8 Latin America (LATAM) Internet of Things (IoT) Managed Services Market, Overview & Analysis |
8.1 Latin America (LATAM) Internet of Things (IoT) Managed Services Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
8.5 Latin America (LATAM) Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
9 Asia Internet of Things (IoT) Managed Services Market, Overview & Analysis |
9.1 Asia Internet of Things (IoT) Managed Services Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
9.5 Asia Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
10 Africa Internet of Things (IoT) Managed Services Market, Overview & Analysis |
10.1 Africa Internet of Things (IoT) Managed Services Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
10.5 Africa Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
11 Europe Internet of Things (IoT) Managed Services Market, Overview & Analysis |
11.1 Europe Internet of Things (IoT) Managed Services Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
11.5 Europe Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
12 Middle East Internet of Things (IoT) Managed Services Market, Overview & Analysis |
12.1 Middle East Internet of Things (IoT) Managed Services Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Internet of Things (IoT) Managed Services Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
12.5 Middle East Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Internet of Things (IoT) Managed Services Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
13 Global Internet of Things (IoT) Managed Services Market Key Performance Indicators |
14 Global Internet of Things (IoT) Managed Services Market - Export/Import By Countries Assessment |
15 Global Internet of Things (IoT) Managed Services Market - Opportunity Assessment |
15.1 Global Internet of Things (IoT) Managed Services Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Internet of Things (IoT) Managed Services Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Internet of Things (IoT) Managed Services Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
15.4 Global Internet of Things (IoT) Managed Services Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Internet of Things (IoT) Managed Services Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
16 Global Internet of Things (IoT) Managed Services Market - Competitive Landscape |
16.1 Global Internet of Things (IoT) Managed Services Market Revenue Share, By Companies, 2024 |
16.2 Global Internet of Things (IoT) Managed Services Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |