IoT Device Management Market is expected to surpass $2,559.6 Million by 2022 at a CAGR of 29.8%

IoT Device Management Market will expand $2,559.6 Million by 2022

IoT device management market

According to the new market research report on IoT Device Management Market by Solution (Real-Time Streaming Analysis, Security Solutions, Data Management, Remote Monitoring, Network Bandwidth Management), Service, Application Area, Deployment Model, and Organization Size – Global Forecast to 2022″, Internet of Things (IoT) Device Management Market – Global Forecast to 2022, the market is expected to grow from USD 693.4 Million in 2017 to USD 2,559.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 29.8%.

This report covers major IoT device management solutions, such as data management, real-time streaming analytics, security solution, remote monitoring, and network bandwidth management, along with the market trends between 2017 and 2022. The growing proliferation of connected devices and advent of intelligent sensors are driving the growth of the global IoT device management market. The critical need for converged device management platform is also a major driving factor for IoT device management market.

Browse and in-depth TOC on “IoT Device Management Market

69 – Tables

67 – Figures

157 – Pages   

Download PDF Brochure@

North America is expected to hold the largest market share in the IoT device management market

As per the geographic analysis, North America is the largest region in the IoT device management market. Countries, such as the US and Canada are the major growth drivers of the region. The strong financial position of North America allows these countries to invest heavily in leading IoT-enabled devices and solutions/services.

Smart manufacturing is expected to dominate in the application areas during the forecast period

IoT plays a key role in the manufacturing application with the help of identification technologies. With the connection of objects or things with Information Technology (IT) or IoT, either through embedded smart devices or by using unique detectors and data carriers that can communicate with an intelligent supporting network infrastructure and information systems, production processes can be optimized and the entire lifecycle of objects from production to dumping can be monitored. By tagging items and containers, a greater transparency can be obtained on the status of the shop floor, the location and disposition of materials, and the status of production machines.

Speak With Analyst@

Data management is expected to hold the largest market share in the IoT device management market

Data management is one of the most essential requirements of an organization that is deploying IoT technology. The connected devices, such as sensors, tags, and actuators, generate and transmit large amounts of data every day. The traditional data management techniques are inadequate to store, analyze, and retrieve this data. Thus, data management for IoT is gaining a huge traction and is expected to hold the largest market share during the forecast period.

The major vendors covered in the IoT device management market include Microsoft Corporation (US), IBM Corporation (US), Oracle Corporation (US), PTC Inc. (US), ARM Ltd. (UK), Aeris (US), Smith Micro Software (US), Tibbo Systems (Taiwan), DevicePilot (UK), Xively (US), Zentri (US), CumulocityGmBH (Germany), Proximetry (US), Einfochips (US), Wind River Systems Inc. (US), and Capricode (Finland).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Content Source :

Matched content

Editor’s pick

Leave a comment

Your email address will not be published.


Express Press Release Distribution