- IoT Managed Services encompass outsourced solutions for managing IoT ecosystems, including device provisioning, network management, data analytics, and security services. These services enable organizations to deploy and scale IoT solutions efficiently across industries like manufacturing, healthcare, and smart cities.
- The demand for IoT Managed Services is significantly driven by the proliferation of connected devices, expected to exceed 30 billion by 2025, and the need for real-time data analytics and automation.
- North America is expected to dominate the IoT Managed Services market due to advanced digital infrastructure and high IoT adoption in industries like manufacturing and healthcare.
- Asia-Pacific is expected to be the fastest-growing region during the forecast period due to government initiatives like China’s “Made in China 2025” and India’s smart city projects.
- The Device Management segment is expected to dominate the market with a market share of 42.5% in 2025 due to its critical role in provisioning, monitoring, and securing IoT devices across diverse applications.
