Managed IoT Service Market Key Highlights:
- Market Size (2024): USD 939.94 Million
- Projected Market Size (2034): USD 4,595.98 Million
- CAGR (2023-2034): 17.20%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Managed IoT Service Market Definition
The managed IoT service market includes services designed to provide secure connectivity between IoT devices and cloud platforms. These services perform various functions. The market is growing as managed IoT services provide end-to-end IoT solutions, including device management, data analytics, and security services, to simplify an enterprise’s IoT deployment and management and provide the necessary support during the entire lifecycle of these solutions.
The demand for managed IoT service market continues to grow with managed IoT solutions that enable organizations of all types to benefit from the advent of Internet of Things (IoT) technology. This is achieved by eliminating complex tasks such as device management, data management, and various IoT processes. According to a recent study by Gartner, Inc., 47% of organizations with global IT budgets plan to increase their Internet of Things investments. Managed services provide seamless integration across devices, platforms, and applications, providing continuous monitoring to ensure security and deliver meaningful insights from the world of connected things. IBM Services will manage Aegon’s life insurance until the last life insurance policy expires in 2066.
Managed IoT Service Market Segmentation:
By Type
- Online Service
- Offline Service
By Application
Managed IoT Service Market Companies:
- AT&T
- Codit
- Device Insight
- Fujitsu
- Inmarsat
- KORE
- IPacket Networks
- Leverege
- Maxis Bhd
- Medical ITG
- Sierra Wireless
- Solution Analysts
- Subex
- Telenor
- Zipit Wireless.
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