The global IoT device management market size is
anticipated to reach USD 5.1 billion by 2025, according to a new report by
Grand View Research, Inc., exhibiting a 28.3% CAGR during the forecast period.
Growing demand for IoT services, need for digitalization, and increasing
penetration of communication and networking technologies are expected to drive
the market over the coming years.
In the past few years, the industry has
witnessed increasing investments in R&D activities for development of
technologically advanced IoT systems. This has increased the popularity of IoT
devices management products. Major application sectors in the market include
device provisioning, monitoring, administration, and diagnostics.
The security solutions segment is projected to
exhibit the highest growth rate over the forecast years. The market is
witnessing increasing use of security solutions for connected devices.
Advantages bestowed by the technology include higher efficiency in device
monitoring, diagnostics, and analytics.
Key market participants in the market include
IBM Corporation; Aeris Communications, Inc.; Microsoft Corporation; Bosch
Software Innovations; Oracle Corporation; PTC; and Advantech Co. Ltd. Vendors
in the IoT market are likely to witness robust demand for connected device
management over the forecast years, owing to increasing technological
advancements.
Browse full research report on IoT
Device Management Market:
https://www.grandviewresearch.com/industry-analysis/iot-device-management-market
Further key
findings from the study suggest:
- Security solutions is expected to be the
fastest-growing segment with a CAGR of 29.2% over the forecast period
- Managed services are predicted to largely
contribute to market growth, as they facilitate higher level of
performance and efficiencies
- Asia Pacific is expected to be the
fastest-growing region, owing to high demand for smart city infrastructure
and healthcare in emerging economies such as India and China
- Major players in the IoT device management
market include Microsoft Corporation; IBM Corporation; Bosch Software
Innovations; Oracle Corporation; PTC; and Advantech Co. Ltd.
Browse request sample of this report by
Grand View Research:
https://www.grandviewresearch.com/industry-analysis/iot-device-management-market/request/rs1
Grand
View Research has segmented the global IoT device management market based on
component, solution, service, organization size, vertical, and region:
IoT Device
ManagementComponent Outlook (Revenue, USD Million, 2014 - 2025)
- Solution
- Services
IoT
Device Solution Outlook (Revenue, USD Million, 2014 - 2025)
- Real-Time Streaming
Analytics
- Security Solutions
- Data Management
- Remote Monitoring
- Network Bandwidth
Management
IoT Device Service
Outlook (Revenue, USD Million, 2014 - 2025)
- Professional
- Managed
IoT
Device Organization Size Outlook (Revenue, USD Million, 2014 - 2025)
- SMEs
- Large
Enterprise
IoT
Device Vertical Outlook (Revenue, USD Million, 2014 - 2025)
- Retail
- Healthcare
- Transportation &
Logistics
- Utilities
- Manufacturing
- Others
IoT
Device Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Mexico
- Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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