Iot Device Management Market

Iot Device Management Market Expected to Hit 31.5% CAGR from 2017 to 2025
Leading players in the global IoT device management market include Robert Bosch
GmbH, ARM Ltd., HP, Google, Intel Corporation, IBM Corporation, Oracle Corporation,
Microsoft Corporation, Smith Micro Software, and SAP SE. The fragmented IoT device
management market is likely to swell in the coming years, with several new players
acquiring a firm foothold in the burgeoning market. The constant need for new data
monitoring mechanisms is likely to ensure steady expansion of the IoT device
management market, entailing strong prospects for new players over a number of years.
According to Transparency Market Research (TMR), the global IoT device management
market is expected to exhibit a robust CAGR of 31.5% in the 2017-2025 forecast period.
Public cloud is likely to remain the leading contributor to the global IoT device
management market in the coming years due to the cost benefits it provides to users.
Proactive government efforts in developed countries to expand their telecommunication
networks by boosting the availability of public cloud services have been vital for the IoT
device management market.
The higher capital base of large enterprises has allowed them to adopt technological
advancements such as IoT device management relatively easily, which has led to topheavy distribution of the IoT device management market in the business sector. Many
leading players have focused on proactively incorporating advanced technological
solutions such as IoT devices in their daily workflow, which has proved vital for the global
IoT device management market. Rising awareness about the utility of IoT device
management tools and their increasing availability across the several financial spectra of
the business sector is likely to drive the global IoT device management market at a steady
rate in the coming years.
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North America is the leading regional segment of the global IoT device management
market. This is mainly due to the widespread adoption of smart home technology across
the U.S. and Canada. These highly prosperous countries also house several leading
players in the IoT sector, which has made distribution much easier. The steady presence
of technology giants such as IBM, Microsoft, Google, and Intel Corporation is likely to
remain a key driver for the North America IoT device management market in the coming
years.
The rising use of data analytics in various sectors is a vital driver for the global IoT device
management market. The benefits provided by data analytics in understanding the
demographic breakdown of consumers has led several sectors to incorporating information
tracking technology into their regular workflow, which has been enhanced by the ease of
using IoT devices. The rising use of smartphone-based IoT devices is also likely to aid the
growth of the IoT device management market, as smartphone-based operation provides
an easy means to accumulate data through digital means.
The information in this preview comes from a Transparency Market Research report titled
‘IoT Device Management Market (Organization Sizes - Large Enterprises, and Small &
Medium Sized Enterprises; Deployment - Public Cloud, Private Cloud and Others;
Application - Smart Manufacturing, Smart Homes, Smart Utilities, Smart Retail, Connected
Health, Smart Transportation; Solution - Security Solution, Data Management, Remote
Monitoring, Network Bandwidth Management) - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2017 - 2025.’

According to Transparency Market Research (TMR), the global IoT device management market is expected to exhibit a robust CAGR of 31.5% in the 2017-2025 forecast period.