IoT managed services market seen reaching $173.11 billion by 2030

The Business Research Company says the global IoT managed services market will grow to $173.11 billion by 2030, led by Asia-Pacific and the U.S. The forecast points to rising demand for connected-device management, security, and infrastructure services across industries.

Why it matters: - IoT managed services are moving from a niche support category to a major enterprise IT market. - The forecasted $173.11 billion market size by 2030 suggests growing demand for outsourced device, network, data and infrastructure management. - The market's growth matters for industrial automation, smart infrastructure, telecom, healthcare, logistics and other connected operations.

What happened: - The Business Research Company released a 2026 market report on the global Internet of Things managed services market. - The report forecasts the market will reach $173.11 billion by 2030. - The report puts the market's compound annual growth rate at 16.7%. - The report also says the broader managed services market is expected to reach about $578 billion by 2030. - IoT managed services would account for around 30% of that parent market. - Within the wider information technology industry, projected at $13,788 billion by 2030, IoT managed services would represent nearly 1% of total market value.

The details: - Asia-Pacific is projected to be the largest region in 2030, with a market value of $68 billion. - Asia-Pacific's market is expected to rise from $28 billion in 2025 at a 20% CAGR. - Growth in Asia-Pacific is tied to connected-device deployment, smart manufacturing, industrial automation, telecom and edge computing investment, remote monitoring, predictive maintenance, government digitalization efforts, and expansion across China, India, Japan, South Korea and Southeast Asia. - The U.S. is projected to be the largest country in 2030, with a market value of $37 billion. - The U.S. market is expected to grow from $20 billion in 2025 at a 13% CAGR. - U.S. growth is linked to connected asset management, managed network security, device lifecycle services, cloud and IoT platform providers, and broader use in healthcare, logistics, energy and smart buildings. - The market is segmented by service type into infrastructure management services, security management services, network management services, data management services and device management services. - Infrastructure management services are projected to be the largest service segment in 2030, with 37% of the market or $64 billion. - Infrastructure management services are expected to be supported by scalable IoT infrastructure, centralized monitoring, hybrid cloud and edge architectures, connected ecosystems, uninterrupted connectivity, and automation tools for performance and resource management. - The market is also segmented by end user into automotive and transport, information technology and telecom, healthcare, banking, financial services and insurance, manufacturing and other end users. - The market is segmented by organization size into small and medium enterprises and large enterprises. - The report lists a 17% expected CAGR for the market leading up to 2030. - The report says the largest growth opportunities lie in infrastructure, security, network, data and device management services. - Those segments are projected to add more than $92 billion in market value by 2030. - The infrastructure management services market is projected to grow by $35 billion over 2025-2030. - The security management services market is projected to grow by $21 billion. - The network management services market is projected to grow by $9 billion. - The data management services market is projected to grow by $20 billion. - The device management services market is projected to grow by $7 billion. - The report includes a free sample request at More information and a detailed report link at the full report.

Between the lines: - The forecast points to IoT managed services becoming a core layer of enterprise digital operations, not just a support function. - The strongest growth drivers are recurring themes in enterprise tech: lower costs, better uptime, more automation and less internal complexity. - The report's emphasis on infrastructure and security suggests buyers are prioritizing control and reliability as connected-device fleets expand.

What's next: - Market growth is expected to continue through 2030 as enterprises expand connected-device deployments and adopt managed platforms. - Asia-Pacific and the U.S. are likely to remain the main regional and national growth centers. - Service providers are positioned to compete on end-to-end platforms that combine connectivity, analytics, security and device orchestration.

The bottom line: - IoT managed services are on track to become a roughly $173 billion market by 2030, powered by industrial digitization, infrastructure buildout and demand for outsourced operational control.