IoT Device Management Market Size Worth $5830.72 Mn, Globally, by 2028 at 28.50% CAGR, (Strategic Investment Plans | Business Opportunities | SWOT Analysis): Exclusive Report by Zion Market Research

NEW YORK, May 2, 2022 /PRNewswire/ -- As per Zion Market Research study, The global IoT Device Management market was worth around USD 1,295.10 million in 2021 and is estimated to grow to about USD 5830.72 million by 2028, with a compound annual growth rate (CAGR) of approximately 28.50 percent over the forecast period. The report analyzes the IoT Device Management market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the IoT Device Management market.

Key Industry Insights & Finding of the IoT Device Management Market Reports:

• As per the analysis shared by our research analyst, the IoT Device Management Market is expected to grow annually at a CAGR of around 28.50% (2022-2028).
• Through the primary research, it was established that the IoT Device Management Market was valued approximately USD 1,295.10 Million in 2021 and is projected to reach to roughly USD 5830.72 Million by 2028.
• The IoT device management market in APAC has grown at the fastest rate.

Zion Market Research published the latest report titled as "IoT Device Management Market By Component (Solution and Service), By Solution (Real-Time streaming analytics, Security solution, Data management, Remote monitoring and Network bandwidth management), By Service (Professional services and Managed services), By Organization (Size, Large Enterprises and Small and Medium-Sized Enterprises (SMEs)), By Deployment (Public cloud, Private cloud and Hybrid cloud), By Application area (Smart retail, Connected health, Connected logistics, Smart utilities, Smart manufacturing and Others) and By Region – Global Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028." into their research database.

IoT Device Management Market: Overview

IoT Device Management makes it simple to remotely register, monitor, organize, and manage large-scale IoT devices. IoT Device Management aids in the management of permissions in order to enhance device security. IoT device management is agnostic of design type and operating system, allowing fleets to scale and scale, cut costs and management efforts, vast and diversified IoT device deployments, all with the same service. The market for IoT device management has grown significantly as the Internet-of-Things (IoT) has become more widely adopted for various functions. Because of the rapid advancement of technology and the necessity for efficient management of connected devices, solutions such as real-time analysis, security, and data management have been developed.

Over the next few years, the market is likely to be driven by rising demand for IoT services, as well as increased penetration of communication and networking technologies. Increased investments in R&D activities for the development of technologically advanced IoT systems have been seen in the sector. The popularity of IoT device management products has risen as a result of this. Device provisioning, monitoring, administration, and diagnostics are all major application sectors in the industry. Because of the growing need for advanced infrastructure management solutions that eliminate manual complications in companies, the IoT Device Management Market is predicted to develop at a healthy rate.

Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.zionmarketresearch.com/sample/iot-devices-market

Our Free Sample Report Includes:

• 2022 Updated Report Introduction, Overview, and In-depth industry analysis
• COVID-19 Pandemic Outbreak Impact Analysis Included
• 170 + Pages Research Report (Inclusion of Updated Research)
• Provide Chapter-wise guidance on Request
• 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
• Includes Updated List of tables & figures
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Zion Market Research methodology

Industry Dynamics:

IoT Device Management Market: Growth Dynamics

Drivers:         

• Intelligent Connected Devices (ICD) Proliferation.
• The emergence of intelligent sensors and the adoption of Lwm2m have created a critical need for a converged device management platform.
• Platforms that are device and vendor agnostic are becoming more popular.

Restraint:

• Interoperability is hindered by the lack of uniform IoT standards.

Opportunities:

• Demand for cloud-based device management platforms is increasing.
• Increasing Enterprise Adoption of Bring Your Own Device (BYOD) and Bring Your Own Device (CYOD).

Challenges:

• Lack of compatibility and connectivity, as well as real-time complexity and a dynamic environment.
• Concerns about data security and privacy.
• Features and Functions of IoT Device Management.
• Benchmarking on a Strategic Level.

Directly Purchase a Copy of the Report at https://www.zionmarketresearch.com/buynow/su/iot-devices-market

Recent Developments

• In February 2020, Smith Micro Software, Inc. has announced the acquisition of Circle Media Labs Inc.'s operator business. Smith Micro's SafePath Connected Life Platform is expected to benefit from this recently acquired technology, which will provide a holistic connected life experience for Family Location and Parental Controls, IoT, and Home in one place.

Global IoT Device Management Market: Segmentation

• The global IoT Device Management market is segregated based on Component, solution, service, organization size, deployment and application area.

Based on Component, the market is segmented into solution and service. As security concerns among clients who are installing IoT solutions develop, the security solution is the fastest growing in the IoT device management market. Because of the non-standardization and non-compatibility of devices, data security becomes more complicated when more devices are connected to each other in an IoT system. Furthermore, because there are so many different protocols, applications, and devices, it is easier for hackers/attackers to carry out nefarious operations.

By deployment, the market is segmented into Public cloud, Private cloud and Hybrid cloud. The hybrid cloud deployment model is expected to grow at the highest CAGR during the forecast periodIt helps in lowering overall costs while offering clients with extremely flexible and expandable access. Vendors offer a hybrid cloud-based deployment methodology to help clients save money on infrastructure. Security is still a major concern that prevents widespread implementation; however, this concern is rapidly being addressed by third-party security testing to the highest standards.

Get More Insight before Buying@ : https://www.zionmarketresearch.com/inquiry/iot-devices-market

List of Key Players of  IoT Device Management Market:

• Advantech Co. Ltd.
• Aeris Communications LLC
• Amazon Web Services Inc.
• Amplia Soluciones S.L
• AVSystem
• Bosch.io GmbH
• Cumulocity GmbH
• Huawei Technologies Co. Ltd.
• GE Digital
• Google LLC
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• Particle Industries Inc.
• PTC Inc.
• Silicon Laboratories Inc.
• Smith Micro Software Inc.
• SiteWhere LLC
• Telite Communications PLC
• Vodafone Group PLC
• VMware Inc.
• Wind River Systems Inc.

Key questions answered in this report:

• What are the growth rate forecast and market size for IoT Device Management Market?
• What are the key driving factors propelling the IoT Device Management Market forward?
• What are the most important companies in the IoT Device Management Market Industry?
• What segments does the IoT Device Management Market cover?
• How can I receive a free copy of the IoT Device Management Market sample report and company profiles?

Report Scope:

Free Brochure: https://www.zionmarketresearch.com/requestbrochure/iot-devices-market

Regional Dominance:

• The IoT device management market in APAC has grown at the fastest rate.

The IoT device management market is predicted to be dominated by North America, which is expected to have the biggest market share. This region has a significant economic advantage because to its stable and well-established economy, allowing it to invest heavily in R&D and so contribute to the development of new IoT security and analytics technology. In addition, the government's support and significant expenditures by a number of well-known businesses are propelling the market in the North American region forward.

Due to the rapid adoption of smart cities and increased government investment in IoT programmes, the IoT device management market in APAC has grown at the fastest rate. 

Global IoT Device Management Market is segmented as follows:

 IoT Device Management Market: By Component Outlook (2022-2028)

• Solution
• Service

IoT Device Management Market: By Solution Outlook (2022-2028)

• Real-Time streaming analytics
• Security solution
• Data management
• Remote monitoring
• Network bandwidth management

IoT Device Management Market: By Service Outlook (2022-2028)

• Professional services
• Managed services

IoT Device Management Market: By Organization Size Outlook (2022-2028)

• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)

IoT Device Management Market: By Deployment Outlook (2022-2028)

• Public cloud
• Private cloud
• Hybrid cloud

IoT Device Management Market: By Application Area Outlook (2022-2028)

• Smart retail
• Connected health
• Connected logistics
• Smart utilities
• Smart manufacturing
• Others

IoT Device Management Market: By Region Outlook (2022-2028)

North America

• The U.S.
• Canada

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

Press Release For IoT Device Management Market: https://www.zionmarketresearch.com/news/global-iot-device-management-market

Browse Other Related Research Reports from Zion Market Research

• Nano Satellite Market - Global Industry Analysis: The global Nano Satellite Market accrued earnings worth approximately 3.01 (USD Billion) in 2021 and is predicted to gain revenue of about 7.02 (USD Billion) by 2028, is set to record a CAGR of nearly 22.1% over the period from 2022 to 2028.
• Ecommerce Industry Market - Global Industry Analysis: The global Ecommerce Industry accrued earnings worth approximately 11.04 (USD Trillion) in 2021 and is predicted to gain revenue of about 28.02(USD Trillion) by 2028, is set to record a CAGR of nearly 14.8% over the period from 2022 to 2028.
• Oil-Free Air Compressor Market - Global Industry Analysis: The global Oil-Free Air Compressor market accrued earnings worth approximately 13.12(USD Billion) in 2020 and is predicted to gain revenue of about 19.73 (USD Billion) by 2028, is set to record a CAGR of nearly 4.7% over the period from 2021 to 2028.

Browse through Zion Market Research's coverage of the Global Technology & Media Industry

Follow Us on: LinkedIn | Twitter | Facebook

About Us

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com/
Blog - https://zmrblog.com/

Logo: https://mma.prnewswire.com/media/1605489/Zion_Market_Research_Logo.jpg

SOURCE Zion Market Research