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

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Date: 16-Feb-2017
No. of pages: 112
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Growing inclination toward cost-efficient managed services is expected to drive the growth of the IoT managed services market

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. The major drivers for the upsurge in demand for the IoT managed services market include rise of managed cloud services and growing inclination towards cost effective managed services. The inability of Managed Service Providers (MSPs) to cope up with IoT complexities and the lack of scalability and flexibility in their service offerings are the major restraints for the IoT managed services markets.

Smart manufacturing is estimated to have the largest market share

The smart manufacturing vertical is expected to have the largest market share during the forecast period. The manufacturers’ need for operational efficiency has increased the utilization of sensors through enhanced automation and integrated connected technology solutions across the manufacturing process, which in turn, has increased the demand for IoT managed services for various manufacturing applications.

Asia-Pacific (APAC) is expected to grow at a faster rate during the forecast period

As per the geographic analysis, APAC is expected to grow at the highest CAGR during the forecast period. The region is estimated to surpass Europe in terms of IoT adoption and deployment in the near future. This growth can be attributed to the growing number of connected devices, sensors, network connectivity, and cloud adoptions for business applications and also the increasing requirements of the enterprise IT security  technologies.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profiles of primary discussion participants are given below:


  • By Company Type: Tier-1 (39%), Tier-2 (34%), and Tier-3 (27%)

  • By Designation: C-Level (68 %), Manager Level (21 %), and Others (11%)

  • By Region: Europe (36 %), APAC (24 %), North America (22 %), and the Rest of World (RoW) (18%)


The various key IoT managed services vendors profiled in the report are as follows:


  • 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.)

  • Tie to Corporation (Helsinki, Finland)

  • Tata Consultancy Services Limited (Maharashtra, India)

  • Tech Mahindra Limited (Maharashtra, India)

  • Wipro Limited (Karnataka, India).


Research Coverage

The global IoT managed services market has been segmented on the basis of services type, vertical, and region. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions. In addition to this, product portfolio analysis, value chain analysis, and strategic benchmarking are some of the other MarketsandMarkets analysis included in the report.

Reasons to Buy the Report

The report will help the market leaders/new entrants in this market in the following ways:


  • This report segments the IoT managed services market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments, across different regions.

  • The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

  • This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Secondary Data
2.1.1 Key Data Points Taken From Secondary Sources
2.2 Primary Data
2.2.1 Key Data From Primary Sources
2.2.1.1 Key Industry Insights
2.2.1.2 Breakdown of Primaries
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown and Data Triangulation
2.5 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Market
4.2 Market By Region, 2016
4.3 Market By Service Type, 2016–2021
4.4 Market By Vertical, 2016–2021
4.5 Lifecycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 IoT Managed Services Market Segmentation: By Service Type
5.2.2 By Vertical
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 MSPs Enable Operational Effectiveness and High-Performance Work Systems in Organizations
5.3.1.2 Increasing Momentum of Managed Cloud Services
5.3.1.3 Declining Profits From Service Revenues Shifting the Focus to MSPs
5.3.1.4 Growing Inclination Toward Cost-Efficient Managed Services
5.3.2 Restraints
5.3.2.1 Inability of Msps to Cope Up With IoT Complexities
5.3.2.2 MSPs in IoT Space Lack Scalability and Flexibility in Their Service Offerings
5.3.3 Opportunities
5.3.3.1 Proliferation of Connected Devices Will Generate Demand for IoT Managed Services
5.3.3.2 Recurring Revenue Opportunity for IoT MSPs
5.3.3.3 IoT Managed Services Experience Enables Msps to Enhance Their Service Offerings Portfolio
5.3.4 Challenges
5.3.4.1 Constant Security Threats in the IoT Environment
5.3.4.2 MSPs are Using Legacy Support Processes for Service Delivery
5.3.4.3 Lack of Long-Term Successful Partnerships Between MSPs and Organizations

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Strategic Benchmarking

7 IoT Managed Services Market Analysis, By Service Type
7.1 Introduction
7.2 Infrastructure Management Services
7.3 Security Management Services
7.4 Network Management Services
7.5 Data Management Services
7.6 Device Management Services

8 IoT Managed Services Market Analysis, By Vertical
8.1 Introduction
8.2 Smart Manufacturing
8.3 Smart Retail
8.4 IT and Telecom
8.5 Smart Transportation
8.6 Smart Energy and Utilities
8.7 Smart Buildings
8.8 Others

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 Latin America
9.6 Middle East and Africa

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situation and Trends
10.3 Partnerships and Collaborations, 2014–2016
10.4 Mergers and Acquisitions, 2014–2016
10.5 Business Expansions, 2016
10.6 New Service Launches, 2015–2016

11 Company Profiles
(Overview, Financials, Products & Services, Strategy, and Developments)*
11.1 Cisco Systems, Inc.
11.2 Cognizant Technology Solutions Corporation
11.3 Happiest Minds Technologies
11.4 Harman International Industries, Inc.
11.5 Hcl Technologies Limited
11.6 Infosys Limited
11.7 Tata Consultancy Services
11.8 Tech Mahindra Limited
11.9 Tieto Corporation
11.10 Virtusa Corporation
11.11 Wipro Limited
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.
11.12 Key Innovators
11.12.1 Aricent Inc.
11.12.2 Futurism Technologies Pvt. Ltd.
11.12.3 Ilink Systems Inc.
11.12.4 Scalable Systems, Inc.
11.12.5 Trustwave Holdings, Inc.

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customization
12.5 References
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 Market and Growth Rate, 2016-2021 (USD Billion, Y-O-Y%)
Table 2 IoT Managed Services Market: Strategic Benchmarking
Table 3 Market Size, By Service Type, 2016–2021 (USD Million)
Table 4 Infrastructure Management Services: Market Size, By Region, 2016–2021 (USD Million)
Table 5 Security Management Services: Market Size, By Region, 2016–2021 (USD Million)
Table 6 Network Management Services: Market Size, By Region, 2016–2021 (USD Million)
Table 7 Data Management Services: Market Size, By Region, 2016–2021 (USD Million)
Table 8 Device Management Services: Market Size, By Region, 2016–2021 (USD Million)
Table 9 IoT Managed Services Market Size, By Vertical, 2016–2021 (USD Million)
Table 10 Smart Manufacturing: Market Size, By Region, 2016–2021 (USD Million)
Table 11 Smart Retail: Market Size, By Region, 2016–2021 (USD Million)
Table 12 IT and Telecom: Market Size, By Region, 2016–2021 (USD Million)
Table 13 Smart Transportation: Market Size, By Region, 2016–2021 (USD Million)
Table 14 Smart Energy and Utilities: Market Size, By Region, 2016–2021 (USD Million)
Table 15 Smart Buildings: Market Size, By Region, 2016–2021 (USD Million)
Table 16 Others: Market Size, By Region, 2016–2021 (USD Million)
Table 17 IoT Managed Services Market Size, By Region, 2016–2021 (USD Million)
Table 18 North America: Market Size, 2016–2021 (USD Million, Y-O-Y %)
Table 19 North America: Market Size, By Service Type, 2016–2021 (USD Million)
Table 20 North America: Market Size, By Vertical, 2016–2021 (USD Million)
Table 21 Europe: Market Size, 2016–2021 (USD Million, Y-0-Y %)
Table 22 Europe: Market Size, By Service Type, 2016–2021 (USD Million)
Table 23 Europe: Market Size, By Vertical, 2016–2021 (USD Million)
Table 24 Asia-Pacific: IoT Managed Services Market Size, 2016–2021 (USD Million, Y-O-Y %)
Table 25 Asia-Pacific: Market Size, By Service Type, 2016–2021 (USD Million)
Table 26 Asia-Pacific: Market Size, By Vertical, 2016–2021 (USD Million)
Table 27 Latin America: Market Size, 2016–2021 (USD Million, Y-O-Y %)
Table 28 Latin America: Market Size, By Service Type, 2016–2021 (USD Million)
Table 29 Latin America: Market Size, By Vertical, 2016–2021 (USD Million)
Table 30 Middle East and Africa: Market Size, 2016–2021 (USD Million, Y-O-Y %)
Table 31 Middle East and Africa: Market Size, By Service Type, 2016–2021 (USD Million)
Table 32 Middle East and Africa: Market Size, By Vertical, 2016–2021 (USD Million)
Table 33 Partnerships and Collaborations, 2014–2016
Table 34 Mergers and Acquisitions, 2014–2016
Table 35 Business Expansions, 2016
Table 36 New Service Launches, 2015–2016

List of Figures

Figure 1 IoT Managed Services Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 IoT Managed Services Market and Growth Rate, 2016–2021 (USD Billion, Y-O-Y %)
Figure 7 North America is Expected to Hold the Largest Market Share in 2016
Figure 8 IoT Managed Services Market: Segments Growing at the Highest CAGR During the Forecast Period
Figure 9 Emergence of IoT Technology Offers Attractive Market Opportunities
Figure 10 North America is Expected to Hold the Largest Market Share in 2016
Figure 11 Network Management Services Segment is Expected to Hold the Largest Market Share Among Service Types in 2016-2021
Figure 12 Smart Manufacturing is Expected to Lead the Market Share During the Forecast Period
Figure 13 Market Segmentation: By Service Type
Figure 14 Market Segmentation: By Vertical
Figure 15 Market Segmentation: By Region
Figure 16 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 IoT Managed Services Market: Value Chain
Figure 18 Network Management Services Segment is Expected to Hold the Largest Market Size During the Forecast Period
Figure 19 Smart Manufacturing Vertical is Expected to Have the Largest Market Size During the Forecast Period
Figure 20 North America is the Leading Region in Terms of Market Size During the Forecast Period
Figure 21 Asia-Pacific: A Hotspot for the IoT Managed Services Market During the Forecast Period
Figure 22 North America Market Snapshot
Figure 23 Asia-Pacific Market Snapshot
Figure 24 Companies Have Widely Adopted Partnerships, Agreements & Collaboration as Growth Strategy
Figure 25 Market Evaluation Framework
Figure 26 Battle for Market Share: Partnerships and Collaborations is the Key Strategy
Figure 27 Cisco Systems, Inc.: Company Snapshot
Figure 28 Cognizant Technology Solutions Corporation: Company Snapshot
Figure 29 Harman International Industries, Inc.: Company Snapshot
Figure 30 HCL Technologies Limited: Company Snapshot
Figure 31 Infosys Limited: Company Snapshot
Figure 32 Tata Consultancy Services: Company Snapshot
Figure 33 Tech Mahindra: Company Snapshot
Figure 34 Tieto Corporation: Company Snapshot
Figure 35 Virtusa Corporation: Company Snapshot
Figure 36 Wipro Limited: Company Snapshot

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