IoT Device Management Market

Market Overview:

The global IoT device management market is expected to exhibit a CAGR of 26.7% during 2023-2028.

IoT device management offers numerous services such as provisioning, authenticating, configuring, maintaining, monitoring, and diagnosing connected devices that are operating as part of an IoT environment. It allows the scaling of fleets and decreases the cost and effort of managing large number of IoT device deployments. Additionally, IoT device mangement platform also provides critical monitoring and management tools required to keep the devices online, up-to-date, and optimized for specific application needs. As a result, it is widely employed across various sectors, including retail, healthcare, transportation & logistics, manufacturing, etc.

IoT Device Management Market Trends:

The elevating demand for advanced infrastructure management solutions to manage connected devices and leverage their full capabilities for optimum performance is primarily driving the global IoT device management market. Additionally, the escalating utilization of connected devices in industrial operations to improve productivity, streamline processes, and reduce time-to-market has led to an inflating need for monitoring complex IoT networks. This, in turn, is augmenting the market growth. Besides this, the rising investments by numerous government bodies in the development of smart cities are further expanding the applications of IoT device management solutions. They aid in reducing energy consumption, improving building performance, enhancing urban space management, etc. Moreover, the elevating adoption of IoT-enabled devices in the healthcare sector to offer remote monitoring, regulate disease management, improve patient care, etc., is also catalyzing the global market. Apart from this, the increasing deployment of 5G networks and Multi-access Edge Computing (MEC) to enhance device connectivity is further bolstering the demand for IoT device management. Additionally, the rising dependence of several organizations on IoT-based solutions for boosting their productivity and creating new business models and revenue streams will continue to drive the global IoT device management market over the forecast period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global IoT device management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, solution, service, deployment mode, organization size and end user.

Breakup by Component:

• Solution
• Services
   

Breakup by Solution:

• Real-time Streaming Analytics
• Security Solutions
• Data Management
• Remote Monitoring
• Network Bandwidth
   

Breakup by Service:

• Professional Services
• Managed Services
   

Breakup by Deployment Mode:

• Public Cloud
• Private Cloud
• Hybrid Cloud
   

Breakup by Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises
   

Breakup by End User:

• Retail
• Healthcare
• Transportation and Logistics
• Manufacturing
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advantech Co. Ltd., Aeris Communication, Amazon Web Services Inc. (Amazon.com Inc.), Amplía Soluciones S.L., AVSystem, Bosch.IO GmbH (Robert Bosch GmbH), Huawei Technologies Co. Ltd., International Business Machines Corporation, PTC Inc., Silicon Laboratories Inc., Smith Micro Software Inc., Software AG, Telit Communications and Vodafone Group Plc.

Report Coverage: