Information Communication and Technology Reports IoT Managed Services Market Report

Internet of Things (IoT) Managed Services Market is estimated to
grow from USD 21.85 billion in 2016 to USD 79.60 billion by 2021
According to a new market research report” Internet of Things (IoT) Managed Services Market by Service Type
(Infrastructure Management, Security Management, Network Management, Data Management, Device
Management), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets™, The IoT
managed services market size is expected to grow from USD 21.85 Billion in 2016 to USD 79.60 Billion by 2021, at a
Compound Annual Growth Rate (CAGR) of 29.5% during the period 2016–2021.
IoT managed services is a portfolio of services and capabilities that help in managing the entire IoT environment. It
defines an appropriate strategy for business for digital transformation and empowers the organizations, to bring
together, the right mix of IoT products and solutions.
Browse and in-depth TOC on “Internet of Things (IoT) Managed Services Market”
74 - Tables
35 - Figures
135 - Pages
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Major Key Companies
The major vendors covered in the IoT managed services market for this study include Cisco Systems, Inc.
(California, U.S.), Cognizant Technology Solutions Corporation (New Jersey, U.S.), HCL Technologies Limited (Uttar
Pradesh, India), Harman International Industries, Inc. (Connecticut, U.S.), Infosys Limited (Karnataka, India), Virtusa
Corporation (Massachusetts, U.S.), Tieto Corporation(Helsinki, Finland), Tata Consultancy Services Limited
(Maharashtra, India), Tech Mahindra Limited (Maharashtra, India), and Wipro Limited (Karnataka, India).
The major driver for the increase in the demand for market is the growing momentum of managed cloud services,
the as industry is shifting from traditional hosting to cloud hosting. Managed Service Providers (MSPs) offer the
organizations the desired level of performance and effectiveness and it aids them to planning of the financial
budget.
The scope of this report covers the IoT managed services market analysis by service type, vertical, and region. The
device management services segment is expected to grow at the highest CAGR during the forecast period. Device
management services help to achieve better data security, perform analyses to gain valuable insights from the
granular data coming out from these services, and ensure a great customer experience.
Network management services is expected to have the largest market share in the IoT managed services market.
Network management deals with the entire network chain of an organization. It is essential to optimize the
network to make the best use of the available resources. Network management services assists in analyzing the
amount of data transferring over a network and automatically routes it, to avoid congestion that can result in a
network crash. Opting for a MSP that offers network management services in the IoT ecosystem can aid
organizations in terms of reduced downtime, better network connectivity, safety, security, automatic device
discovery, scalability, and seamless operation of the business process.