ICT Industry Reports

Rising incidences of cybercrimes and cyber threats and growing security concerns are acting as key growth drivers for global IoT device management market. According to TechSci Research report,  “ Global  IoT Device Management Market  By Component (Solution v/s Service), By Deployment Mode (On-Premise v/s Cloud), By Organization Size (Large Enterprises v/s SMEs), By Application (Smart Retail, Connected Health, Connected Logistics, Smart Utilities, Smart Manufacturing, Others), By Region, Forecast & Opportunities, 2025 ” , the market is forecast to grow at a CAGR of 22% by 2025. Key factors propelling the growth of global IoT device management market are increasing adoption of Internet of Things (IoT) and growing stress on increasing operational efficiencies & managing connected devices. The escalating penetration of communication and networking technologies and growing need for real time analytics are further driving the growth of global IoT device management marke...

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 marke...