I recently had this problem and found that this may have several fixes.
First try to check if this service is installed, open a PowerShell window and enter:
Get-Service -Name *USB* Status Name DisplayName Stopped IpOverUsbSvc Windows Phone IP over USB Transport...
If you get a response that the service is installed, but stop rebooting it.
Start-Service IpOverUsbSvc
If there is no answer, try installing the Windows 8 SDK, restart the computer, try checking again if the service is installed, and if you can continue debugging.
If you are not trying to enter these registry values ββinto the system registry. Copy this link below and save as a "reg" file. Then double click and add, restart your computer, check if you have a service.
Windows Registry Editor Version 5.00 [HKEY_LOCAL_MACHINE\SYSTEM\ControlSet001\Services\IpOverUsbSvc] "DisplayName"="Windows Phone IP over USB Transport (IpOverUsbSvc)" "Description"="Enables communication between Windows Phone SDK and Windows Phone device. If the service is stopped, application deployment and debugging will fail on device." "Type"=dword:00000010 "Start"=dword:00000002 "ErrorControl"=dword:00000000 "ImagePath"=hex(2):22,00,43,00,3a,00,5c,00,50,00,72,00,6f,00,67,00,72,00,61,00,\ 6d,00,20,00,46,00,69,00,6c,00,65,00,73,00,20,00,28,00,78,00,38,00,36,00,29,\ 00,5c,00,43,00,6f,00,6d,00,6d,00,6f,00,6e,00,20,00,46,00,69,00,6c,00,65,00,\ 73,00,5c,00,4d,00,69,00,63,00,72,00,6f,00,73,00,6f,00,66,00,74,00,20,00,53,\ 00,68,00,61,00,72,00,65,00,64,00,5c,00,50,00,68,00,6f,00,6e,00,65,00,20,00,\ 54,00,6f,00,6f,00,6c,00,73,00,5c,00,43,00,6f,00,72,00,65,00,43,00,6f,00,6e,\ 00,5c,00,31,00,31,00,2e,00,30,00,5c,00,62,00,69,00,6e,00,5c,00,49,00,70,00,\ 4f,00,76,00,65,00,72,00,55,00,73,00,62,00,53,00,76,00,63,00,2e,00,65,00,78,\ 00,65,00,22,00,00,00 "ObjectName"="LocalSystem"
If this also did not help yuu check if you have an executable in the directory:
C:\Program Files (x86)\Common Files\Microsoft Shared\Phone Tools\CoreCon\11.0\bin\IpOverUsbSvc.exe
Try installing the service from a regular command line using installutil like this.
installutil IpOverUsbSvc.exe
Hope this helps.