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The IoT managed services market share should rise by USD 179.29 billion from 2022 to 2026 at a CAGR of 26.41%.
This IoT managed services market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by type (network management services, security management services, infrastructure management services, data management services, and device management services) and geography (North America, Europe, APAC, MEA, and South America). The IoT managed services market report also offers information on several market vendors, including Accenture Plc, Alphabet Inc., AT and T Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., HCL Technologies Ltd., Infosys Ltd., Microsoft Corp., Tech Mahindra Ltd., and Wipro Ltd. among others.
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The increased adoption of IoT solutions is notably driving the IoT managed services market growth, although factors such as lack of awareness of efficient management of IoT initiatives and investments may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IoT managed services market. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This IoT managed services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The vendor landscape of the IoT managed services market entails successful business strategies deployed by the vendors. The IoT managed services market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the IoT managed services market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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31% of the market's growth will originate from North America during the forecast period. The US is the key market for IoT managed services market in North America.
The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Need to adhere to regulatory guidelines and ensure compliance will facilitate the IoT managed services market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
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The IoT managed services market share growth by the network management services segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2022-2026 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the IoT managed services market size. Furthermore, our analysts have indicated actionable market insights on the post-COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
IoT Sensors market - The market share is expected to increase by USD 20.40 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 27.67%.
IoT Platform market - The market share is expected to increase by USD 1.25 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 26.67%.
IoT Analytics market - The market share is expected to increase by USD 49.04 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 27.48%.
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IoT Managed Services Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 26.41% |
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Market growth 2022-2026 |
$179.29 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
28.14 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 31% |
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Key consumer countries |
US, UK, Germany, China, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Companies profiled |
Accenture Plc, Alphabet Inc., AT and T Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., HCL Technologies Ltd., Infosys Ltd., Microsoft Corp., Tech Mahindra Ltd., and Wipro Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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