The Business Research Company released its 2026 IoT managed services market report, highlighting a fragmented competitive landscape and strategic opportunities through 2035.
AWS led global sales in 2024 with a 1% share, while Microsoft, Cisco, IBM and Accenture also held about 1% each.
The top 10 players together accounted for just 5% of 2024 revenue, reflecting broad competition as enterprises expand IoT deployments and demand more connectivity, security and cloud-edge integration.
TBRC said 5G Standalone-native platforms, AI-driven predictive analytics, edge computing, multi-cloud expansion and managed cybersecurity are key trends shaping the market.