Iot Device Management Market Is Extrapolated To Rise, Due To Growing Emphasis On Increasing Operational Efficiencies And Managing Connected Devices

  

IoT Device Management Industry Overview

 

The global IoT device management market size was valued at USD 1.48 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 34.2% from 2022 to 2030.

 

Growing emphasis on increasing operational efficiencies and managing connected devices is anticipated to drive market growth. Major players in the IoT industry are undertaking various initiatives, such as the formation of the Open Mobile Alliance (OMA), for standardizing protocols. This has also helped boost the growth of the industry. The outbreak of the COVID-19 pandemic has impacted all walks of life, including businesses from all the end-use industries. Government agencies and public sector organizations, IT, telecommunication, and healthcare invested heavily in IoT technology to deal with the unusual COVID-19 pandemic situation and obtain the best possible results in saving a life, energy, and money. Thus, growth in IoT investment during the pandemic is a triggering factor contributing to the development of the market.

Gather more insights about the market drivers, restrains and growth of the Global IoT Device Management Market

 

The penetration of communication and networking technologies and the need for real-time analytics, connected assets, and the security of machines have led to the adoption of IoT device management. It assists in provisioning and authentication, configuration and control, software updates and maintenance, and monitoring and diagnostics of connected devices.

 

The increasing adoption of Internet-of-Things (IoT) for various operations has created significant demand in this market. The rapid change in technology and the need for efficient management of connected devices leads to the development of real-time analytics, security solutions, and data management solutions.

 

These solutions are designed to cater to the needs of manufacturing, automobile, and other industries. They enable efficient management of devices and connected assets, providing users with network security, authentication, and API security. Security solutions are predicted to be the fastest-growing solution over the forecast period.

 

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

  • Artificial Intelligence in Telecommunication Market - The global artificial intelligence in telecommunication market size was valued at USD 679.0 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 38.4% from 2020 to 2027.
  • Cellular IoT Market - The global cellular IoT market size was valued at USD 1,788.5 million in 2016 and is expected to gain traction over the forecast period. Factors such as resilient networks, ubiquitous mobility, and robust security are the key functionalities driving growth in the market.

 

IoT Device Management Market Segmentation

Grand View Research has segmented the global IoT device management market based on component, solutions, services, organization size, vertical, and region:

IoT Device Management Market Component Outlook (Revenue, USD Million, 2017 - 2030)

  • Solution
  • Services

IoT Device Management Market Solution Outlook (Revenue, USD Million, 2017 - 2030)

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

IoT Device Management Market Service Outlook (Revenue, USD Million, 2017 - 2030)

  • Professional Services
  • Managed Services

IoT Device Management Market Organization Size Outlook (Revenue, USD Million, 2017 - 2030)

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

IoT Device Management Market Vertical Outlook (Revenue, USD Million, 2017 - 2030)

  • Retail
  • Healthcare
  • Transportation & Logistics
  • Utilities
  • Manufacturing
  • Others

IoT Device Management Market Regional Outlook (Revenue, USD Million, 2017- 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

Key Companies profiled:

Some prominent players in the global IoT device management market include

  • Bosch Software Innovation GmbH
  • Smith Micro Software, Inc.
  • Advantech Co. Ltd.
  • International Business Machines Corporation
  • Aeris Communication, Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • PTC Incorporation.
  • Proximetry
  • Telit Communications PLC

 

Order a free sample PDF of the IoT Device Management Market Intelligence Study, published by Grand View Research.

 

 

 

 

 

 

Comments

Post a Comment

Popular posts from this blog

Global Post-Production Market is anticipated to grow at a CAGR of 7.94% during 2018-2022

Image
The post-production process converts raw footage into presentable video content.  Covered in this report  The report covers the present scenario and the growth prospects of the global post-production market. To calculate the market size, the report considers the revenue generated from the post-production services. The market is divided into the following segments based on geography:  •    Americas •    APAC •    EMEA Request a Free Sample Copy of Post-production Market Report @  https://www.radiantinsights.com/research/global-post-production-market-2018-2022/request-sample global post-production market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors •    21st Century Fox   •    AT&T (WarnerMedia)   •    Comcast   •    The Walt Disney Co
Read more

Gesture Recognition Market Will Grow Due To Increasing Digitization Across Various Industries

Image
May 20, 2019:  The global gesture recognition market size is likely to reach USD 30.6 billion by 2025. It is poised to post a CAGR of 22.2% from 2018 to 2025, according to a new report by Grand View Research, Inc. Increasing digitization across various industries is benefiting the growth of the market. Ease of adoption due to low technical complexity for end users is escalating its implementation across the consumer electronics industry. Several other industries have also started using this technology. Similarly, the touchless gesture recognition market is primarily driven by factors such as rising hygiene consciousness, government measures for water conservation, low maintenance cost, and booming hospitality and tourism industry. Request a Free Sample Copy of Gesture Recognition Market Report @  https://www.radiantinsights.com/research/gesture-recognition-market/request-sample Surging use of consumer electronics and Internet of Things, along with increasing need for comfort and
Read more

Movies And Video Industry To Grow Due To Rapid Innovation | Industry Trends Data Book To 2030

Image
        Grand View Research’s movies and video industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.   Access the Global Movies and Video Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies   Video Streaming Market Report Highlights The global video streaming market size is expected to reach USD 416.84 billion by 2030, registering a CAGR of 21.5% from 2023 to 2030, according to a new report published by Grand View Research, Inc. Prominent technological advancements
Read more