Global IoT Device Management Market – Industry Analysis and Forecast (2019-2026)
Global IoT Device Management Market was valued US$ XX Bn in 2018 and is expected to reach XX Bn by 2026, at a CAGR of 30.80 % during a forecast period.
IoT device management consists of multiple operating systems and several varieties of communication methods and protocols, which are targeted at guiding the smooth functioning of smart devices.
An increase in the penetration of communication and networking technologies and the requirement for real-time analytics, connected assets, and security of machines are some of the driving factors behind the growth in the global IoT device management. These devices support provisioning and authentication, configuration and control, software updates and maintenance, and monitoring and diagnostics of connected devices, which is expected to boost the growth in the global IoT device management market.
On the other hand, the growing incidence of cybercrime is a key factor expected to limit the growth of the global market during the forecast period.
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A major trend in the global IoT device management market is the execution of the solutions in the industrial sector due to the digitization of supply chain and manufacturing procedures. The demand for the IoT management devices is increasing due to these device helps to reduce the operational cost of the industrial activities. It also helps in process automation, growing productivity, and eliminating manual challenges.
The security solution segment is expected to lead the Global IoT device management market. The demand for security solutions is increasing among clients who are deploying IoT solutions owing to security concerns. As various devices are connected to each other in an IoT system, in which security of data becomes complex owing to the non-standardization and non-compatibility of devices. IoT solution providers are investing large capitals in research and development (R&D) of security solutions. Security is also one of the major challenges, which is faced by organizations while organizing IoT solutions.
The Small and Medium-Sized Enterprises (SMEs) segment is expected to share significant growth in the global IoT device management market during the forecast period. These enterprises face some specific challenges like the necessity of domain-specific technical personnel and skilled workforce, budget constraint, and limited financial prudence of scale. Increasing competition has encouraged SMEs to invest in disruptive technology and adopt go-to-market strategies to make effective decisions for business growth.
North America region is estimated to dominate the growth in the global IoT device management market. The dominant position in the market is attributed to the increasing adoption of advanced IoT technologies and the high investment power of the key players to secure and properly manage their IoT and cloud computing networks. High broadband speed and innovative infrastructure in the developed countries are increasing the consumption of smart devices. Furthermore, the Asia Pacific region is projected to grow at a XX % rate of CAGR during the forecast period. The rapid expansion of the IT industries is expected to boost the growth in the global IoT device management market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global IoT device management market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global IoT device management market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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The Scope of the Report for Global IoT Device Management Market
Global IoT Device Management Market, By Component
• Solution
• Service
Global IoT Device Management Market, By Solution
• Real-Time streaming analytics
• Security solution
• Data management
• Remote monitoring
• Network bandwidth management
Global IoT Device Management Market, By Service
• Professional services
• Managed services
Global IoT Device Management Market, By Organization Size
• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)
Global IoT Device Management Market, By Deployment Model
• Public cloud
• Private cloud
• Hybrid cloud
Global IoT Device Management Market, By Application
• Smart retail
• Connected health
• Connected logistics
• Smart utilities
• Smart manufacturing
• Others
Global IoT Device Management Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global IoT Device Management Market
• Aeris
• Amplia Soluciones S.L.
• Microsoft Corporation
• Cumulocity GmbH
• Enhanced Telecommunications Inc.
• Proximetry
• Tibbo Systems
• International Business Machines Corporation
• Microsoft Corporation
• SmithMicro Software
• Oracle Corporation
• SiteWhere LLC
• Wind River
MAJOR TOC OF THE REPORT
Chapter One: IoT Device Management Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global IoT Device Management Market Competition, by Players
Chapter Four: Global IoT Device Management Market Size by Regions
Chapter Five: North America IoT Device Management Revenue by Countries
Chapter Six: Europe IoT Device Management Revenue by Countries
Chapter Seven: Asia-Pacific IoT Device Management Revenue by Countries
Chapter Eight: South America IoT Device Management Revenue by Countries
Chapter Nine: Middle East and Africa Revenue IoT Device Management by Countries
Chapter Ten: Global IoT Device Management Market Segment by Type
Chapter Eleven: Global IoT Device Management Market Segment by Application
Chapter Twelve: Global IoT Device Management Market Size Forecast (2019-2026)
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