Global IoT Device Management Market report provide emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. The market report assesses key opportunities in the market and outlines the factors that are and will be driving the growth of the IoT Device Management industry.
The Internet of Things (IoT) device management market is expected to grow at a Compound Annual Growth Rate (CAGR) of 29.8% from 2017 to 2022.
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Major Key Companies of IoT Device Management Market are:
- Microsoft Corporation (US)
- PTC Incorporation (US)
- Telit Communications PLC (UK)
- IBM Corporation (US)
- Oracle Corporation (US)
- Smith Micro Software
- Advantech Co. Ltd. (China)
- Aeris (U.S.)
- and Zentri (US).
Installation and integration services are considered very important, as a typical IoT ecosystem consists of thousands of IoT devices and are connected through complex wireless network, such as ZigBee, z-Wave, LTE-advanced, and Wi-Fi direct. Integration service providers help enterprises and business customers to develop a connected environment by integrating IoT devices and solutions with the business processes.
The public cloud deployment model is most widely utilized by enterprises, owing to a large number of advantages, such as cost efficiency, scalability, and security. The public cloud provides an extensibility model that enables developers to build robust device management solutions. It also enables secure communication, extensive monitoring and access control using per-device security keys, and also provides device-to-cloud and cloud-to-device communication options.
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Major Factors of this IoT Device Management Industry are:
1.1 Proliferation of intelligent connected devices
1.2 Critical need for converged device management platform
1.3 Advent of intelligent sensors and adoption of LwM2M
1.4 Adoption of device and vendor agnostic platform
2.1 Absence of uniform IoT standards for interoperability
3.1 Rising demand for cloud-based device management platform
3.2 Increasing adoption of BYOD and CYOD among enterprises
Public cloud deployment model is estimated to have the largest market size in IoT device management market during the forecast period
North America is estimated to have the largest market size and Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period
North America is expected to hold the largest market share during the forecast period. North America presently contributes the maximum to the global IoT device management market, mainly due to the vast utilization of IoT device management services in various fields in this region. The region has witnessed the heavy adoption of latest networking technologies, such as ANT+, ZigBee, z-Wave, LTE-advanced, and Wi-Fi. Furthermore, the rise in use of IoT devices in various application areas is one of the important factors for the growth of IoT device management solutions and services in the North American region.