IoT Device Management Market Outlook to 2022 Global Key Players ARM Ltd., Robert Bosch GmbH, Google, HP, IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, Smith Micro Software, and SAP SE

Global IoT Device Management Market Overview:

IoT is the abbreviation of the Internet of Things, which refers to the ever-growing network of physical objects with an IP address for Internet connectivity and communication between these objects and other Internet-enabled devices and systems. The management of the IoT device includes several operating systems and several types of protocols and communication methods so that intelligent devices work without problems. The IoT device management service has become a vital element for the business sector in recent years due to the increasing use of remote operation in several industries and the consequent need to manage the operation of the devices.

Global IoT Device Management Market Size:

According to Research Cosmos, The Global IoT Device Management Market size to grow from USD 693.4 Million in 2017 to USD 2,559.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 29.8%. 

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Drivers and Restraints:

The public cloud ranked first in the market in 2016, with more and more companies opting for a public cloud system to dramatically reduce the cost of data storage. As a result, the increasing popularity of public cloud systems will likely increase the demand for IoT device management during the forecast period. However, the increase in the use of remote electronic devices in homes could lead to a significant increase in the demand for private cloud infrastructure in the coming years, which could make it an important contributor to the global market.

The IoT device management market is gaining popularity in disparate industries such as financial institutions, healthcare, manufacturing, transportation and logistics. The key role played by digital operational mechanisms in these areas today should guarantee a continuous demand for the IoT management market.

Geographical Insights:

At the regional level, North America has the dominant participation in the global market of IoT devices due to the greater concentration of smart homes and the widespread adoption of intelligent technologies in manufacturing, health and customer service in this region. On the other hand, Asia-Pacific is the fastest growing regional segment in the ballooning IoT device management market in the world and is expected to emerge in the coming years. The Asia Pacific market is expected to publish a robust CAGR of 33.4% in the forecast Period.

ARM Ltd., Robert Bosch GmbH, Google, HP, IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, Smith Micro Software, and SAP SE are the major players of the world market.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:

Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

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