IoT Device Management Market Outlook 2027 By Deployment Mode, Size, Share, Trends, Technology
According to TechSci Research, Global IoT device management market is expected to grow at a robust rate of around 22% during the forecast period. The global IoT device management market is driven by the increasing incidences of cybercrimes and cyber threats which has led to the increase in security concerns within enterprises. This in turn increases the need to deploy IoT solutions for ensuring organizational safety and security thereby driving the growth of IoT device management market during forecast period. Additionally, increasing penetration of communication and networking technologies further fosters the market growth. Furthermore, the extensive adoption of sensors is expected to create lucrative opportunities for the market growth through 2027. However, lack of IT infrastructure and finances in the emerging countries can hamper the market growth over the next few years. Moreover, lack of standardization also impedes the market growth.
The global IoT device management market is segmented based on component, deployment mode, organization size, application, company and region. Based on component, the market can be bifurcated into solution and service. The solution segment can further be categorized into real-time streaming analytics, security solution, data management, remote monitoring, and network bandwidth management. The data management segment is expected to register significant growth in the market owing to the increasing penetration of networking & communication technologies coupled with increasing incidences of data breaches and cybercrime. The service segment helps the organizations in easily deploying the software on cloud. It can further be divided into professional and managed services. Based on deployment mode, the market can be split into on-premise and cloud. The cloud segment is expected to dominate the market on account of its associated advantages such as scalability, flexibility, 24/7 availability, reduced operational costs, auto update feature, among others. Based on end user, the market can be fragmented into smart retail, connected health, connected logistics, smart utilities, smart manufacturing and others. The smart manufacturing segment is expected to dominate the market on account of the widespread use of IoT device management solutions in production, procurement and storage of goods manufactured.
Regionally, the IoT device management market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected dominate the overall IoT device management market owing to the increasing investments by the major players operating in the market coupled with the government support for development of IoT solutions in the region.
Click here to download the sample
The major players operating in the IoT device management market are Microsoft Corporation, PTC Incorporation, Telit Communications PLC, IBM Corporation, Oracle Corporation, Smith Micro Software, Inc., Advantech Co. Ltd., Aeris Communications, LLC, Zentri, Cumulocity GmbH, Enhanced Telecommunications Inc., Amplia Soluciones S.L., Proximetry, Bosch Software Innovation GmbH, Wind River, SiteWhere LLC, Xively, VMware Inc., Matrix42 AG, Amazon Web Services, Inc., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
- To analyze and estimate the market size of global IoT device management market from 2017 to 2020.
- To estimate and forecast the market size of global IoT device management market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global IoT device management market based on component, deployment mode, organization size, end user, company and regional distribution.
- To identify dominant region or segment in the global IoT device management market.
- To identify drivers and challenges for global IoT device management market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global IoT device management market.
- To identify and analyze the profile of leading players operating in global IoT device management market.
- To identify key sustainable strategies adopted by market players in global IoT device management market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global IoT device management market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- IoT device management service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to IoT device management
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Years | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Component · Deployment Mode · Organization Size · End User |
Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
Key Companies Profiled | Microsoft Corporation, PTC Incorporation, Telit Communications PLC, IBM Corporation, Oracle Corporation, Smith Micro Software, Inc., Advantech Co. Ltd., Aeris Communications, LLC, Zentri, Cumulocity GmbH, Enhanced Telecommunications Inc., Amplia Soluciones S.L., Proximetry, Bosch Software Innovation GmbH, Wind River, SiteWhere LLC, Xively, VMware Inc., Matrix42 AG, Amazon Web Services, Inc. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global IoT device management market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global IoT Device Management Market, By Component:
- Solution
- Real-Time Streaming Analytics
- Security Solution
- Data Management
- Remote Monitoring
- Network Bandwidth Management
- Service
- Professional
- Managed
- Global IoT Device Management Market, By Deployment Mode:
- On-Premise
- Cloud
- Global IoT Device Management Market, By Organization Size:
- Large Enterprises
- SMEs
- Global IoT Device Management Market, By End User:
- Smart Retail
- Connected Health
- Connected Logistics
- Smart Utilities
- Smart Manufacturing
- Others
- Global IoT Device Management Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global IoT device management market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com
Comments
Post a Comment