Managed IoT Service Market size is estimated to be USD 12.5 Billion in 2024 and is expected to reach USD 35 Billion by 2033 at a CAGR of 12.5% from 2026 to 2033.
The global IoT Managed Services Market was valued at approximately USD 47.7 billion in 2021, with projections indicating growth to nearly USD 200 billion by 2030, reflecting a compound annual growth rate (CAGR) of 17.1% during this period. In 2022, the market was valued at USD 34.36 billion and is expected to reach USD 79.58 billion by 2029, with a CAGR of 12.7%. Another report estimates the market at USD 89.5 billion in 2022, anticipated to reach USD 265.3 billion by 2033, growing at a CAGR of 10.5%.
Regionally, North America held a significant share, accounting for 36.38% of the market in 2023, valued at USD 29.35 billion. The Asia Pacific region is expected to experience substantial growth, with a projected CAGR of 32.41% during the forecast period, driven by increasing digital transformation initiatives and investments in IoT infrastructure. Europe also demonstrates strong market presence, with a market share of 29.1% in 2022. These regional dynamics present significant opportunities for market expansion, particularly in sectors such as manufacturing, healthcare, and energy management, where IoT adoption is rapidly increasing.
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AT&T
Codit
Device Insight
Fujitsu
Inmarsat
KORE
IPacket Networks
Leverege
Maxis Bhd
Medical ITG
Sierra Wireless
Solution Analysts
Subex
Telenor
Zipit Wireless
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Managed IoT Service Market
Connectivity Management
Device Management
Application Management
Data Management
Security Management
Smart Cities
Healthcare
Manufacturing
Transportation and Logistics
Retail
Energy and Utilities
Cloud-based
On-premises
Hybrid Models
Monitoring Solutions
Analytics Solutions
Automation Solutions
Integration Solutions
Platform Solutions
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Managed IoT Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Managed IoT Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Managed IoT Service Market, By Type
6. Global Managed IoT Service Market, By Application
7. Global Managed IoT Service Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Managed IoT Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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