IoT Device Management Market Segmentation, Industry trends and Developments By Key Players: Amazon, VMware, Smith Micro Software, IBM, Microsoft, Oracle
IoT Device Management Market is anticipated to witness healthy growth to 2024 owing to the rising demand for advanced infrastructure management solutions that are reducing the manual complexities in organizations. Regular maintenance of these devices is an essential and a complex task to be performed manually, owing to which device management services are being used by companies for managing multiple networks and devices. Components, such as sensors, routers, and modems, are prone to cyber-attacks that may fail during the operation.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2868
The IoT device management market is driven by the need to extend device capabilities and ensure data security in these systems. The system ensures supercharging of IoT applications by adding user-defined attributes and only specific data is provided to pre-authorized users and recipients.
A major challenge for the IoT device management market is the issue with cybersecurity in the device and network level. Occurrences, such as hacking of systems, servers, and browsers, can make the network unsafe for use, resulting in the loss of important data, increased cost for installation of new devices, and theft of vital organizational data such as financial information and customer information. These issues can be overcome by regular system upgrades and frequent changes of user credentials.
The scalability of the systems and devices is a hurdle in the IoT device management market. The inability to foresee and accommodate future needs, changes, and additions to the network is a prime issue. Additionally, scalability can be multi-faceted such as deployment at the ground level, edge getaways of computing, and a high cost of deploying the IoT devices. This issue can be overcome by developing and incorporating efficient management system from a plethora of options available for these solutions such as AWS IoT device management and Verismic cloud management suite.
A major trend in the IoT device management market is the implementation of the solutions in the industrial sector owing to the digitization of supply chain and manufacturing procedures. Industrial IoT is growing due to the reduction in the operational cost of the industrial activities. It also aids in process automation, increasing productivity, and eliminating manual challenges. The concept of Industrial IoT allows OEMs to incorporate the benefits of IoT in industrial operations, increasing the need to manage complex IoT networks in the industries.
The implementation of device management solutions at this stage is essential for industries, fueling the demand for the IoT device management market. The management systems have a scope for improvement in managing IoT devices such as enhanced productivity, real-time device monitoring and updating, increased customer reliability, and data security.
The smart manufacturing end-use segment in the IoT device management market has witnessed a high growth in the recent years owing to the high adoption of industrial IoT in the manufacturing and production sector. This software allows users to collect and analyze data to make better & informed decisions and optimize production. The smooth working of these systems is possible only by implementing an efficient management solution. The smart homes segment is steadily rising in the IoT device management market. The growth is attributed to the need for secured networking systems in modern homes to be secure from theft and the ease in using modern implementations.
Request for customization of this report @ https://www.gminsights.com/roc/2868
The U.S. dominates the IoT device management market. The high demand for management solution in this region is attributed to the early adoption of advanced IoT technologies and high investment power of the major players to secure and properly manage their IoT and cloud computing networks. High broadband speed and advanced infrastructure in the country are fueling the consumption of smart devices incorporating these technologies as they require extremely efficient internet facilities for their operations.
Countries including China and India are expected to witness a high IoT device management market demand due to the rapid industrial boom and growth of the IT industries. Additionally, there are governmental provisions, such as huge investments of the Chinese government, in IoT for development and strong connectivity. The growing development of SMEs in India owing to the provisions, such as tax exemptions, easier capital fund availability, and land sanctions, is aiding the implementation of these IoT device management solutions to support the technical advancements in device operations and management.
Companies operating in the IoT device management market include Telit, Amazon Web Services, Inc., VMware, Inc., Smith Micro Software, Inc., IBM, Inc., Microsoft, and Oracle. The players have adopted strategies such as new product development, innovation, merger, acquisition, collaboration, and partnership.
Browse Full Reports: https://bit.ly/2NBdbbH
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IoT Device Management Market Segmentation, Industry trends and Developments By Key Players: Amazon, VMware, Smith Micro Software, IBM, Microsoft, Oracle here
News-ID: 1325255 • Views: 198
More Releases from Global Market Insights, Inc.
Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing
More Releases for IoT
Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these