IoT Device Management Future Growth Analysis Forecast to 2024 On Oracle, Telit, Amazon Web Services, IBM, and Microsoft

Market Study Report adds global IoT Device Management market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years. The coming years will witness economies increasing their dependence on IoT devices and services.

The IoT Device Management market is estimated to grow on account of a massive push from factors such as projected to grow at a rapid pace, accredited to the increased implementation of IoT network and devices for performance and productivity enhancement.

One of the classic examples of an IoT device management solution that is certainly worth mentioning is Mbed Cloud, introduced by Arm Limited, which is fully scalable and supports efficient data transfer, end-to-end safety, flexibility in identity provision, and easy integration. With more such advanced technological devices becoming prevalent, IoT device management market is poised to witness a slew of growth opportunities across the globe.

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In terms of geographical hierarchy, U.S. leads the IoT device management market. The high demand is majorly accredited to the early adoption of advanced IoT technologies, exponentially surging IoT sector, and high investment power of the chief players to protect and suitably manage their IoT & cloud computing networks. China and India are slated to be the major revenue pockets for the Asia IoT device management market growth, owing to massive industrialization and growth of IT businesses.

Speaking of the competitive landscape of the IoT device management market, the key players include VMware, Inc., Smith Micro Software, Inc., Oracle, Telit, Amazon Web Services, IBM, Inc., and Microsoft. These players have adopted strategies like innovation, new product development, M&As, collaboration, and partnership. For instance, Amazon Web Services Inc., boasting of a robust presence in this business space coupled with massive market share, launched the AWS IoT Device Management in 2017, which enables customers to securely onboard, track, organize, and manage assorted IoT devices.

This would call for substantial funding by various key players and governments in the IoT device management market. Most of the industries across the globe have already increased their annual technology budget for deploying more IoT networks and devices for boosting operational performance and safety. This would perpetually augment the revenue graph of IoT device management market over the subsequent years.

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IoT device management market has garnered extensive impetus over the recent years attributed to the increasing demand for technologically advanced infrastructure management solutions that alleviate an organization?s manual intricacies. The complexities involved in manual device management are realized at the global level and have potentially led organizations towards IoT device management for handling multiple networks and devices. Not to mention, widely used components like routers, modems, and sensors are prone to atrocious cyber-attacks, which further fuels IoT device management market owing to data security concerns and the need for extending device capabilities.

The multifarious benefits of the IoT network, including marketing automation, supply chain analytics, connected computing, scalability and easy upgradability, that are primarily significant for numerous verticals, are further boosting IoT device management market growth. In addition, networking and communication technologies are rapidly spreading their wings and the era of digitization is fueling the demand for IoT and cloud-based technologies. The latest smart gadgets and intelligent home automation devices like smart watches, smart home lock, smart water meters, etc. are providing further stimulus to the IoT device management market.

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