San Francisco, Oct 23 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:
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 more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-iot-device-management-market
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.
For more information:
www.grandviewresearch.com
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