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 the 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 the 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.
For more info visit here: 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 a 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.
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
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Mexico
- Middle East & Africa
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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 info visit @ https://www.grandviewresearch.com
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