With Market Size Valued at $203.2 Billion by 2026, it`s a Healthy Outlook for the Global IoT Managed Services Market

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Oct 19, 2021, 10:25 ET

SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "IoT Managed Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 3952
Companies: 154 - Players covered include Aricent, Inc.; Cisco Systems, Inc.; Cognizant Technology Solutions Corporation; Futurism Technologies, Inc.; Happiest Minds Technologies Private Limited; Harman International Industries, Inc.; HCL Technologies Ltd.; iLink Systems, Inc.; Infosys Ltd.; Scalable Systems; Tata Consultancy Services Ltd.; Tech Mahindra Ltd.; Tieto Corporation; Trustwave Holdings, Inc.; Virtusa Corporation; Wipro Ltd. and Others.
Coverage: All major geographies and key segments
Segments: End-Use Vertical (Smart Manufacturing, Smart Retail, IT and Telecom, Smart Transportation, Smart Energy and Utilities, Smart Buildings, Other End-Use Verticals); Service Type (Infrastructure Management Services, Security Management Services, Network Management Services, Data Management Services, Device Management Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global IoT Managed Services Market to Reach $203.2 Billion by 2026
Amid the COVID-19 crisis, the global market for IoT Managed Services estimated at US$48.3 Billion in the year 2020, is projected to reach a revised size of US$203.2 Billion by 2026, growing at a CAGR of 26.7% over the analysis period. Infrastructure Management Services, one of the segments analyzed in the report, is projected to record a 29% CAGR and reach US$55.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Security Management Services segment is readjusted to a revised 27.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $19.2 Billion in 2021, While China is Forecast to Reach $35.1 Billion by 2026
The IoT Managed Services market in the U.S. is estimated at US$19.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.1 Billion by the year 2026 trailing a CAGR of 25.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.9% and 22.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 18.6% CAGR.

Network Management Services Segment to Reach US$44.1 Billion by the year 2026
In the global Network Management Services segment, USA, Canada, Japan, China and Europe will drive the 26.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.5 Billion in the year 2020 will reach a projected size of US$43.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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