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A14980 | Pages: 200 | Charts: 65 | Tables: 119 |
The global iot managed services market was valued at $132.1 billion in 2023, and is projected to reach $1313.2 billion by 2033, growing at a CAGR of 25.6% from 2024 to 2033. The IoT managed services industry is being propelled by the rising demand for cloud-based solutions, the increasing acceptance of smart cities, and the growing need for seamless device connectivity.
The technology services sector dedicated to the management, oversight, and upkeep of IoT ecosystems for enterprises and organizations is known as the IoT managed services market. Device administration, data analytics, network management, security monitoring, and application integration are just a few of the many responsibilities that fall under the umbrella of IoT managed services. These services make sure that the intricate network of linked sensors, devices, and systems functions effectively, safely, and dependably, allowing businesses to get valuable insights and returns on their IoT investments.
The IoT managed services market serves numerous industries, including healthcare, manufacturing, transportation, retail, and smart cities. The need for these services is expanding because of the rise in connected devices and the complexity of IoT networks. Organizations can stay competitive in an increasingly connected world by lowering operational costs, improving security, and ensuring scalability using IoT managed services.
The IoT managed services market forecast study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
Several product literatures, industry releases, annual reports, and other such documents of major IoT managed services industry participants along with authentic industry journals, associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global IoT managed services market size and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key Market Segments
Key Market Players