IoT Managed Services Market is predicted to reach USD 391.53 Billion at a CAGR of 21.33% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published a cooked research report on the “IoT Managed Services Market” that contains information from 2023 to 2030. The IoT Managed Services Market is estimated to register a CAGR of 21.33% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global IoT Managed Services Market — Harman International Industries, Inc., Virtusa Corporation, Infosys Limited, Hcl Technologies Limited, Wipro Limited, Tech Mahindra Limited, Happiest Minds Technologies, Cisco Systems, Inc., Cognizant Technology Solutions Corporation, Tieto Corporation, and Tata Consultancy Services.

Market Highlights

The global IoT Managed Services Market is accounted to register a CAGR of 21.33% during the forecast period and is estimated to reach USD 391.53 Billion by 2030.

The IoT (Internet of Things) Managed Services market refers to the provision of outsourced services for managing and maintaining IoT devices and systems. It involves the deployment, monitoring, maintenance, and support of connected devices and networks to ensure their optimal performance and security.

Segment Analysis

The global IoT Managed Services Market has been segmented based Components Organization Site Insights, and Deployment.

On the basis of the components, the platform with the highest market revenue share with increasing demands from the customer with enhanced platforms with increased network connectivity developed servers and increased number of applications with the advanced developed technologies in IoT with an increased number of solutions and services and increased acquisition of the IoT with the instalment of the software devices.

On the basis of the organization site, the large-scale enterprises which account for the largest market share with an increased growth rate of the IoT with advanced developed technologies with enhanced adoption of the new advanced developed technologies in the business with developed strategies in the business to enhance the workflow helps to grow the market rate of the IoT solutions and services with increased demands and enhance the collection of the information, analyzing the information with improved security helps to protect the data from the cyber-attacks.

On the basis of the end-user, the healthcare sector accounts for the largest market share due to increased installation of the IoT with new software-developed technologies utilized in the healthcare sector with enhanced demands and increases in the workflow and easy access to the patient's personal medical history and increased online prescription of the patients and online pharmacy in the health care sector with advanced developed technologies in IoT with improved solutions and services with increased performance with enhanced efficiency of the IoT with increased quality of the work, less time requires for accessing the information and increased supply of the information with the increased connection of the servers with enhanced connectivity helps to propel the market of IoT solutions and services.

Regional Analysis

The global IoT Managed Services Market , based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. As the Asia-Pacific region is developing, it holds significant expansion potential owing to booming commercial sectors like healthcare, safety and security, manufacturing, energy, and agriculture.

The United States and Canada are significant players in the IoT managed services market due to the presence of established technology companies and a high adoption rate of IoT solutions across various industries.

Countries like the United Kingdom, Germany, France, and the Nordics have shown strong interest in IoT adoption, leading to significant growth potential for managed services in this region.

This region includes countries such as China, Japan, South Korea, India, and Southeast Asian nations, where there is a rapid expansion of IoT infrastructure and applications, providing ample opportunities for managed services providers.

Due to the integration of blockchain and cryptographic processes across IoT security services, IoT offers a centralized network and associated data management, reducing business vulnerabilities and security concerns and fueling the IoT in the engineering services market in this region.

Moreover, growing government initiatives to encourage healthcare providers and other healthcare organizations to adopt EHR and EMR technologies and aggressive investments from nonprofit entities and private sectors in different applications are expected to drive IoT managed services market in the Asia-Pacific region.

Key Findings of the

• The global IoT Managed Services Market is expected to reach USD 391.53 Billion by 2030 at a CAGR of 21.33% during the forecast period.


• As the Asia-Pacific region is developing, it holds significant expansion potential owing to booming commercial sectors like healthcare, safety and security, manufacturing, energy, and agriculture.


• On the basis of the components, the platform with the highest market revenue share with increasing demands from the customer with enhanced platforms with increased network connectivity developed servers and increased number of applications with the advanced developed technologies in IoT with an increased number of solutions and services and increased acquisition of the IoT with the instalment of the software devices.


• Harman International Industries, Inc., Virtusa Corporation, Infosys Limited, Hcl Technologies Limited, Wipro Limited, Tech Mahindra Limited, Happiest Minds Technologies, Cisco Systems, Inc., Cognizant Technology Solutions Corporation, Tieto Corporation, and Tata Consultancy Services