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IoT Managed Services Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The iot managed services market has experienced significant expansion recently. It is projected to increase from $80.08 billion in 2025 to $93.8 billion in 2026, achieving a compound annual growth rate (CAGR) of 17.1%. This historical growth can be attributed to several factors, including the expansion of enterprise iot deployments, the increasing complexity of connected device environments, the growth of cloud-based service models, a rising need for operational visibility, and the availability of managed service providers.
The iot managed services market is expected to experience significant expansion in the upcoming years, with its size projected to reach $174.39 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 16.8%. This anticipated growth is driven by several factors, including the increasing demand for scalable iot operations, the rising adoption of AI-driven service automation, the broadening of industry-specific managed services, a greater focus on cybersecurity resilience, and the increasing outsourcing of iot infrastructure management. During the forecast period, key trends are expected to involve the growing adoption of end-to-end iot management platforms, an increased need for device lifecycle management services, a stronger emphasis on iot security and compliance management, the expansion of data analytics and monitoring services, and enhanced integration within multi-vendor iot ecosystems.
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IoT Managed Services Market Growth Factors Supporting Long-Term Expansion
The expanding application of IoT managed services solutions within the automotive, electronic goods, and information and telecommunications industries is projected to accelerate the growth of the IoT managed services market. Fundamental drivers for these services include current long-term evolution (LTE) deployments and technological progress across multiple domains. IoT-managed services are extensively utilized in the automotive, consumer electronics, and telecom industries. As an illustration, Transforma Insights reported in May 2023 that the worldwide count of IoT connections reached approximately 15.8 billion in 2023, having risen from roughly 14.4 billion in 2022. Thus, the escalating volume of connected devices is a primary impetus for the IoT managed services market’s development.
IoT Managed Services Market Segment Analysis Highlighting Growth Areas
The iot managed services market covered in this report is segmented –
1) By Service Type: Infrastructure Management Services, Security Management Services, Network Management Services, Data Management Services, Device Management Services
2) By End-Users: Automotive And Transport, Information Technology And Telecom, Healthcare, Banking, Financial Services, And Insurance (BFSI), Manufacturing, Other End-Users
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
Subsegments:
1) By Infrastructure Management Services: Cloud Infrastructure Management, On-Premises Infrastructure Management
2) By Security Management Services: Endpoint Security Management, Network Security Management, Data Security Management
3) By Network Management Services: Network Monitoring, Network Optimization, Network Configuration Management
4) By Data Management Services: Data Analytics, Data Storage And Backup, Data Integration
5) By Device Management Services: Device Provisioning, Device Monitoring, Firmware Management
IoT Managed Services Market Industry Trends Shaping Future Revenue Growth
Leading companies in the abrasives market are adopting a strategic partnership approach to expand within the industry. Strategic partnerships describe a process where companies utilize each other’s strengths and resources to achieve mutual benefits and success. For instance, in May 2023, NTT Ltd., a US-based IT infrastructure and services firm, and Cisco Systems Inc., a US-based technology company, announced a collaboration to develop and deploy integrated solutions aimed at empowering organizations to boost operational efficiencies and advance sustainability goals. Through capabilities like predictive maintenance, asset tracking, and supply chain management, the solutions created by the two companies will leverage NTT’s Edge as a Service portfolio and Cisco’s IoT capabilities to provide real-time data insights, improved security, enhanced decision-making, and lower operational costs.
IoT Managed Services Market Leading Companies: Who Holds Significant Market Presence?
Major companies operating in the iot managed services market are Cisco Systems Inc.; International Business Machines Corporation; HCL Technologies Limited; HARMAN International Industries Incorporated; Cognizant Technology Solutions Corporation; AT&T Inc.; Verizon Communications Inc.; Vodafone Group Plc; T-Mobile US Inc.; Ericsson AB; Orange Business Services; Deutsche Telekom AG; Sierra Wireless Inc.; Telit Communications PLC; Aeris Communications Inc.; KORE Wireless Group; Arm Ltd.; PTC Inc.; Microsoft Corporation; Amazon Web Services Inc.; Siemens Aktiengesellschaft; Robert Bosch GmbH; Dell Technologies Inc.; Hewlett Packard Enterprise Company; Oracle Corporation; Telstra Corporation Limited; Software Aktiengesellschaft; Wipro Limited; Accenture plc; Fujitsu Limited; NTT Data Corporation
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IoT Managed Services Market Regional Analysis: Which Region Leads By Revenue?
North America was the largest region in the IoT managed services market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iot managed services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.