IoT Managed Services

IoT Managed Services

Global IoT Managed Services Market to Reach $1.1 Trillion by 2030
In the changed post COVID-19 business landscape, the global market for IoT Managed Services estimated at US$165.2 Billion in the year 2022, is projected to reach a revised size of US$1.1 Trillion by 2030, growing at aCAGR of 26.5% over the period 2022-2030. Network Management, one of the segments analyzed in the report, is projected to record 27.5% CAGR and reach US$403.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Infrastructure Management segment is readjusted to a revised 26.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $52 Billion, While China is Forecast to Grow at 25.5% CAGR
The IoT Managed Services market in the U.S. is estimated at US$52 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$180.9 Billion by the year 2030 trailing a CAGR of 25.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.6% and 22.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 18.5% CAGR.

Select Competitors (Total 154 Featured) -

• Aricent, Inc.
• Cisco Systems, Inc.
• Cognizant Technology Solutions Corporation
• Futurism Technologies, Inc.
• Happiest Minds Technologies Private Limited
• Harman International Industries, Inc.
• HCL Technologies Ltd.
• iLink Systems, Inc.
• Infosys Ltd.
• Scalable Systems
• Tata Consultancy Services Ltd.
• Tech Mahindra Ltd.
• Tieto Corporation
• Trustwave Holdings, Inc.
• Virtusa Corporation
• Wipro Ltd.

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