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.
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