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MarketsandMarkets

Internet of Things (IoT) Managed Services Market- Global Forecast to 2021

$5,650.00

Report Published By: MarketsandMarkets
Publication Date : Feb-17
No. Of Pages: 114

Growing inclination toward cost-efficient managed services is expected to drive the growth of the IoT managed services market
The IoT managed services market size is expected to grow from USD 21.85 billion in 2016 to USD 79.60 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 29.5% during the period 2016–2021. The major drivers for the upsurge in demand for the IoT managed services market include rise of managed cloud services and growing inclination towards cost effective managed services. The inability of Managed Service Providers (MSPs) to cope up with IoT complexities and the lack of scalability and flexibility in their service offerings are the major restraints for the IoT managed services markets.
Smart manufacturing is estimated to have the largest market share
The smart manufacturing vertical is expected to have the largest market share during the forecast period. The manufacturers’ need for operational efficiency has increased the utilization of sensors through enhanced automation and integrated connected technology solutions across the manufacturing process, which in turn, has increased the demand for IoT managed services for various manufacturing applications.
Asia-Pacific (APAC) is expected to grow at a faster rate during the forecast period
As per the geographic analysis, APAC is expected to grow at the highest CAGR during the forecast period. The region is estimated to surpass Europe in terms of IoT adoption and deployment in the near future. This growth can be attributed to the growing number of connected devices, sensors, network connectivity, and cloud adoptions for business applications and also the increasing requirements of the enterprise IT security technologies.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profiles of primary discussion participants are given below:
• By Company Type: Tier-1 (39%), Tier-2 (34%), and Tier-3 (27%)
• By Designation: C-Level (68 %), Manager Level (21 %), and Others (11%)
• By Region: Europe (36 %), APAC (24 %), North America (22 %), and the Rest of World (RoW) (18%)
The various key IoT managed services vendors profiled in the report are as follows:
1. Cisco Systems, Inc. (California, U.S.)
2. Cognizant Technology Solutions Corporation (New Jersey, U.S.)
3. HCL Technologies Limited (Uttar Pradesh, India)
4. Harman International Industries, Inc. (Connecticut, U.S.)
5. Infosys Limited (Karnataka, India)
6. Virtusa Corporation (Massachusetts, U.S.)
7. Tieto Corporation (Helsinki, Finland)
8. Tata Consultancy Services Limited (Maharashtra, India)
9. Tech Mahindra Limited (Maharashtra, India)
10. Wipro Limited (Karnataka, India).
Research Coverage
The global IoT managed services market has been segmented on the basis of services type, vertical, and region. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions. In addition to this, product portfolio analysis, value chain analysis, and strategic benchmarking are some of the other MarketsandMarkets analysis included in the report.
Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the IoT managed services market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments, across different regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 SECONDARY DATA 18
2.1.1 KEY DATA POINTS TAKEN FROM SECONDARY SOURCES 18
2.2 PRIMARY DATA 19
2.2.1 KEY DATA FROM PRIMARY SOURCES 19
2.2.1.1 Key industry insights 20
2.2.1.2 Breakdown of primaries 20
2.3 MARKET SIZE ESTIMATION 21
2.3.1 BOTTOM-UP APPROACH 21
2.3.2 TOP-DOWN APPROACH 22
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 23
2.5 ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE IOT MANAGED SERVICES MARKET 29
4.2 IOT MANAGED SERVICES MARKET, BY REGION, 2016 30
4.3 IOT MANAGED SERVICES MARKET, BY SERVICE TYPE, 2016–2021 30
4.4 IOT MANAGED SERVICES MARKET, BY VERTICAL, 2016–2021 31
4.5 LIFECYCLE ANALYSIS, BY REGION 31
5 MARKET OVERVIEW 32
5.1 INTRODUCTION 33
5.2 MARKET SEGMENTATION 33
5.2.1 IOT MANAGED SERVICES MARKET SEGMENTATION: BY SERVICE TYPE 33
5.2.2 BY VERTICAL 33
5.2.3 BY REGION 34
5.3 MARKET DYNAMICS 35
5.3.1 DRIVERS 35
5.3.1.1 MSPs enable operational effectiveness and high-performance work systems in organizations 35
5.3.1.2 Increasing momentum of managed cloud services 36
5.3.1.3 Declining profits from service revenues shifting the focus to MSPs 36
5.3.1.4 Growing inclination toward cost-efficient managed services 36
5.3.2 RESTRAINTS 37
5.3.2.1 Inability of MSPs to cope up with IoT complexities 37
5.3.2.2 MSPs in IoT space lack scalability and flexibility in their service offerings 37
5.3.3 OPPORTUNITIES 37
5.3.3.1 Proliferation of connected devices will generate demand for IoT managed services 37
5.3.3.2 Recurring revenue opportunity for IoT MSPs 37
5.3.3.3 IoT managed services experience enables MSPs to enhance their service offerings portfolio 38
5.3.4 CHALLENGES 38
5.3.4.1 Constant security threats in the IoT environment 38
5.3.4.2 MSPs are using legacy support processes for service delivery 38
5.3.4.3 Lack of long-term successful partnerships between MSPs and organizations 39
6 INDUSTRY TRENDS 40
6.1 INTRODUCTION 40
6.2 VALUE CHAIN ANALYSIS 40
6.3 STRATEGIC BENCHMARKING 41
7 IOT MANAGED SERVICES MARKET ANALYSIS, BY SERVICE TYPE 42
7.1 INTRODUCTION 43
7.2 INFRASTRUCTURE MANAGEMENT SERVICES 44
7.3 SECURITY MANAGEMENT SERVICES 45
7.4 NETWORK MANAGEMENT SERVICES 46
7.5 DATA MANAGEMENT SERVICES 47
7.6 DEVICE MANAGEMENT SERVICES 48
8 IOT MANAGED SERVICES MARKET ANALYSIS, BY VERTICAL 49
8.1 INTRODUCTION 50
8.2 SMART MANUFACTURING 51
8.3 SMART RETAIL 52
8.4 IT AND TELECOM 52
8.5 SMART TRANSPORTATION 53
8.6 SMART ENERGY AND UTILITIES 54
8.7 SMART BUILDINGS 55
8.8 OTHERS 56
9 GEOGRAPHIC ANALYSIS 57
9.1 INTRODUCTION 58
9.2 NORTH AMERICA 60
9.3 EUROPE 63
9.4 ASIA-PACIFIC 65
9.5 LATIN AMERICA 68
9.6 MIDDLE EAST AND AFRICA 70
10 COMPETITIVE LANDSCAPE 72
10.1 OVERVIEW 72
10.2 COMPETITIVE SITUATION AND TRENDS 73
10.3 PARTNERSHIPS AND COLLABORATIONS, 2014–2016 74
10.4 MERGERS AND ACQUISITIONS, 2014–2016 75
10.5 BUSINESS EXPANSIONS, 2016 76
10.6 NEW SERVICE LAUNCHES, 2015–2016 76
11 COMPANY PROFILES 77
(Overview, Financials, Products & Services, Strategy, and Developments)*
11.1 CISCO SYSTEMS, INC. 77
11.2 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION 79
11.3 HAPPIEST MINDS TECHNOLOGIES 82
11.4 HARMAN INTERNATIONAL INDUSTRIES, INC. 84
11.5 HCL TECHNOLOGIES LIMITED 86
11.6 INFOSYS LIMITED 88
11.7 TATA CONSULTANCY SERVICES 90
11.8 TECH MAHINDRA LIMITED 92
11.9 TIETO CORPORATION 94
11.10 VIRTUSA CORPORATION 96
11.11 WIPRO LIMITED 98
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.
11.12 KEY INNOVATORS 100
11.12.1 ARICENT INC. 100
11.12.2 FUTURISM TECHNOLOGIES PVT. LTD. 100
11.12.3 ILINK SYSTEMS INC. 100
11.12.4 SCALABLE SYSTEMS, INC. 101
11.12.5 TRUSTWAVE HOLDINGS, INC. 101
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12 APPENDIX 102
12.1 DISCUSSION GUIDE 102
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 105
12.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 107
12.4 AVAILABLE CUSTOMIZATION 108
12.5 REFERENCES 109
12.6 RELATED REPORTS 111
12.7 AUTHOR DETAILS 112

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