MARKET RESEARCH BRIEFING · 2024 –2030
Managed IoT Services Market
From connected devices to managed outcomes — a USD 186 billion opportunity by 2030
$41.06B
$186.32B
24.25%
4.5×
Market size, 2023
Revenue forecast,
CAGR, 2024–2030
Value expansion,
2030
2023→2030
PREPARED FOR
REPORT COVERAGE
Investors · Internal strategy teams · B2B
28 countries · 10 companies profiled · Base
B2B decision-makers
year 2023
Copyright © Next Move Strategy Consulting
Source: nextmsc.com — Managed IoT Services Market report
01 | MARKET LANDSCAPE
A USD 41 B market on track to grow 4.5× by 2030 $41.06 B
$186.32 B
24.25%
N. America
Market size, 2023
Forecast, 2030
CAGR, 2024–2030
Dominant regional share
Market size & growth (USD billion)
Executive summary 186.3
• End-to-end deployment, connectivity, data management
CAGR 24.25%
150.1
and support for IoT fleets.
121.0
• Cloud, 5G and Industry 4.0 are the
97.4
core growth engines.
78.5
• North America leads; Asia-Pacific
63.3
41.1
51.0
rises on smart-city build-outs. • High upfront cost for SMEs restrains uptake; blockchain-
2023
2024
2025
2026
2027
2028
2029
2030
secured IoT is the next upside.
2023 & 2030 per report; interim years implied by the 24.25% CAGR.
Industry ecosystem — how value flows 1 · PROVIDERS
2 · SERVICES
3 · DEPLOYMENT
4 · END USERS
Telecom operators
Infrastructure mgmt.
Cloud
Security mgmt.
Scalable, cost-efficient
Network mgmt.
device management
Manufacturing Energy & utilities Transport & logistics Healthcare · BFSI Retail · Agriculture Government & defense
IT service providers
Network & cloud
mgmt. › Data Device mgmt.
technology vendors
›
› On-premise Control for regulated environments
Copyright © Next Move Strategy Consulting
Source: Next Move Strategy Consulting, Managed IoT Services Market
02 | GROWTH DRIVERS & OPPORTUNITIES
5G, digitalisation and Industry 4.0 are compounding demand DRIVER 1 · 5G & CLOUD
DRIVER 2 · DIGITALISATION
DRIVER 3 · INDUSTRY 4.0
1.05 B → 5.9 B
4.9 B online
IoT + AI
Global 5G connections grew 76%
~63% of the world used the
Integrating IoT, AI and
in 2022 and are forecast to hit
Internet in 2021; ~800 M joined
automation in manufacturing
5.9 B by 2027 (5G Americas).
since 2019 (ITU).
lifts efficiency, flexibility and
intelligence.
Regional opportunity map ① North America — leader Healthcare IoT for secure patient data; data; 78% of U.S. manufacturers use use ≥1 digital tech (EIB).
3
1
2
② Asia-Pacific — rising Smart-city roll-outs in China & India; NEC joined India's Smart Cities & 5G projects (May 2022).
③ Europe & RoW ● Dominant
● Steady rise
● Covered (11 countries + rest)
High-growth segments to watch Cloud deployment Rides cloud + 5G scale-up
Smart manufacturing Industry 4.0 investment
Healthcare Connected hospital systems
Security management Blockchain-enabled trust
Latin America, Middle East, Africa
RESTRAINT
High hardware, software & subscription cost for SMEs OPPORTUNITY
Blockchain for tamper-resistant IoT data and transparent records
Copyright © Next Move Strategy Consulting
Sources: NMSC report; 5G Americas; ITU; EIB
03 | COMPETITIVE SCENARIO
Platform leaders and IT-services majors race via partnerships Competitive positioning matrix PLATFORM LEADERS
10 key players profiled
GLOBAL SERVICES
Cisco Systems Inc. Cognizant
APAC anchor ← Market anchor → North America
Cisco
Google Inc. Harman International
Cognizant
HCL Technologies Infosys Limited
Harman
Tata Consultancy Services
IBM
Tech Mahindra Limited WHITE SPACE
IBM Corporation
APAC SERVICES MAJORS
Wipro Limited Few APAC-anchored platform
Infosys
Core strategy: product launches
TCS
players — a gap for partnerships
& partnerships to defend share
Tech Mahindra HCL Tech
across regions. Wipro
Technology / platform-led ← Core model → Services / integration-led
Key strategic moves — expansion, partnerships & capital May 2023
Jun 2022
May 2022
Mar 2022
PARTNERSHIP · LAUNCH
PARTNERSHIP
EXPANSION
ALLIANCE
NTT & Cisco launch IoT-
Tech Mahindra & Anritsu
as-a-Service for
open IoT lab for 5G device
Smart Cities & 5G projects
develop cloud, IoT,
enterprises
testing
projects
blockchain & AI solutions
FOR INVESTORS
Back players pairing 5G/cloud assets with partner ecosystems to capture 24.25% CAGR.
Copyright © Next Move Strategy Consulting
NEC joins India's Smart
Infosys & EY co-develop
solutions
FOR STRATEGY TEAMS
FOR B2B BUYERS
Bundle device, network, security &
labs & alliances to de-risk IoT roll-
data services into end-to-end offers.
roll-outs.
Favour providers with proven labs &
Qualitative positioning; company shares in full report
Thank You Connect with us for in-depth insights and strategic guidance on the Managed IoT Services Market.
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Managed IoT Services Market · 2024–2030