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IoT Managed Services Market Size, Value And Growth Trajectory Through 2030
The iot managed services market size has expanded significantly in recent years. It is projected to increase from $80.08 billion in 2025 to $93.8 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 17.1%. Historical growth drivers include the expansion of enterprise IoT deployments, the escalating complexity of connected device environments, the proliferation of cloud-based service models, an increasing requirement for operational visibility, and the presence of managed service providers.
The iot managed services market size is expected to demonstrate significant growth over the next few years. It is set to expand to $174.39 billion by 2030, achieving a compound annual growth rate (CAGR) of 16.8%. This anticipated growth during the forecast period stems from factors such as increasing demand for scalable iot operations, a rise in the adoption of AI-driven service automation, the expansion of industry-specific managed services, an intensifying focus on cybersecurity resilience, and the growing outsourcing of iot infrastructure management. Prominent trends expected in this period include the increasing adoption of end-to-end iot management platforms, a rising demand for device lifecycle management services, a growing emphasis on iot security and compliance management, the expansion of data analytics and monitoring services, and enhanced integration of multi-vendor iot ecosystems.
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IoT Managed Services Market Industry Drivers: What’s Behind The Revenue Growth?
The expanding implementation of IoT managed services solutions within the automotive, electronic goods, and information and telecommunications industries is set to propel the growth of the IoT managed services market. The primary elements driving IoT managed services are the ongoing long-term evolution (LTE) deployment and technological advancements across various sectors. IoT-managed services are broadly utilized in the automotive, consumer electronics, and telecom industries. For example, Transforma Insights reported in May 2023 that the total count of global IoT connections reached approximately 15.8 billion in 2023, marking an increase from roughly 14.4 billion in 2022. This surge in connected devices is therefore a significant driver for the growth of the IoT managed services market.
IoT Managed Services Market Segment Analysis Spotlighting 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 Growth Trends: What’s Shaping The Future Outlook?
Leading companies within the abrasives market are adopting a strategic alliance approach to expand their presence. These strategic partnerships involve businesses utilizing each other’s strengths and resources to achieve shared benefits and success. For example, in May 2023, NTT Ltd., an IT infrastructure and services company based in the US, and Cisco Systems Inc., a US-based technology firm, announced a joint effort. This collaboration aims to develop and implement integrated solutions that empower organizations to enhance operational efficiencies and advance their sustainability objectives. Leveraging capabilities such as predictive maintenance, asset tracking, and supply chain management, the solutions created by these two companies will utilize NTT’s Edge as a Service portfolio and Cisco’s IoT functionalities to offer real-time data insights, improved security, better decision-making, and reduced operational expenses.
IoT Managed Services Market Leading Companies: Who Holds The Strongest 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 Geography Leads On 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.
