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IoT Device Management Market by Solution, Service, Application Area, Deployment Model And Organization Size - Global Forecast to 2022

IoT Device Management Market: Global Forecast until 2022

  • May 2017
  • 159 pages
  • ID: 4908890
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The Internet of Things device management market is anticipated to grow at a CAGR of 29.80 percent between 2017 and 2022, due to the critical need for converged device management platforms

The IoT device management market size is forecasted to grow from $693.40M in 2017 to $2559.60M by 2022, at a compound annual growth rate of 29.80 percent between 2017 and 2022. The increasing penetration of heterogeneous smart devices and IoT sensors, mandates the critical need for reliable IoT device management platforms or solutions for device remote activation and provisioning, configuration and control, and its management.

Converged device management platform affords a single platform to manage devices across multitude of domains and protocols for communication. IoT devices contain heterogeneous stand-alone internet connected devices that need to be monitored and controlled from a remote location. As a result, this drives the need for reliable IoT device management platforms and solutions for properly monitoring and managing these smart devices

Integration services among the professional services segment is anticipated to gain maximum traction during the estimate period

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, including ZigBee, z-Wave, LTE-advanced, and Wi-Fi direct. Integration service providers help firms and business customers to expand a connected environment by integrating IoT devices and solutions with the business processes

Public cloud deployment model is projected to have the biggest sector size in IoT device management market during the outlook period

The public cloud deployment model is most widely utilized by companies, owing to a big number of advantages, including cost efficiency, scalability, and security. The public cloud offers 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

North America (NA) is projected to have the biggest industry size and Asia Pacific (APAC) is expected to grow at the maximal rate during the estimate period

North America continent is forecasted to hold the biggest market share during the outlook period. North America (NA) presently contributes the maximum to the overall IoT device management market, primarily due to the vast utilization of IoT device management services in several fields in this zone. The territory has witnessed the heavy adoption of latest networking technologies, including ANT+, ZigBee, z-Wave, LTE-advanced, and Wi-Fi. Moreover, the increase in use of IoT devices in different application areas is one of the important factors for the rise of IoT device management solutions and services in the North American area.

The APAC area is forecast to witness a significant increase and projected to be the quickest-increasing area in the IoT device management market. This area has a challenging advantage over other regions with many actors providing local cost-effective solutions, the easy availability of trained labors, and flexible regulations and policies.

Additionally, the countries in Asia-Pacific are taking aggressive initiatives to upsurge the IoT infrastructure, enabling commercial users to take the cutting-edge technology. Government actions in the Asia-Pacific regions has started to boost the mobile internet, cloud computing, big data, and the IoT adoption, to encourage the healthy development of eCommerce, industrial networks, and internet banking, and to help internet firms growth their overall presence.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The break-up of profile of primary members taking part is like:

• By Organization: Tier 1 - 30 %, Tier 2 - 40.0 percent, and Tier 3 - 30.0 percent

• By Description: C-suite - 72.0 percent, D-level - 14.0 percent, and Others - 14.0 percent

• By Area: North America continent - 57.0 percent, Europe (EU) - 14.0 percent, and Asia-Pac - 29.0 percent

The IoT device management ecosystem comprises main vendors, including Microsoft (NASDAQ:MSFT), PTC Incorporation, Telit Communications PLC, IBM (NYSE:IBM), Oracle (NASDAQ:ORCL), Smith Micro Software, Incorporated, Advantech Co. Ltd., Aeris, and Zentri.

Segment Research

The market research includes detailed competitive review of these main actors in the IoT device management market, with their company descriptions, recent evolutions, and key industries strategies. The research document breaks down the IoT device management market by solution, service, organization size, and deployment model, together with application, and area.

Why acquiring this study can help you

The IoT device management market has been split on the basis of solutions, services, organization sizes, deployment models, applications, and territories.

The study will facilitate the market top players/new sector entrants in this sector in these ways:

1. The global IoT device management market size has been estimated based on the incomes earned by sellers, offering solutions and services in multiple application areas, inclusive of professional and managed IoT device management services. The analysis offers the best approximations of the revenue data for the global market and the sub-segments. The industry numbers are further split into localities.

2. The market research benefits the partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate the partners to better find out the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers and acquisitions.

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