IoT Device Management Market to Reach $27.94 Bn by 2031, Driven by Security Focus and Expanding Connected Device Ecosystems

Mordor Intelligence has published a new report on the IoT device management, offering a comprehensive analysis of trends, growth drivers, and future projections

IoT Device Management Market Outlook

According to Mordor Intelligence, the IoT device management market size was valued at USD 8.79 billion in 2025 and is estimated to grow to USD 10.66 billion in 2026, reaching USD 27.94 billion by 2031, at a CAGR of 21.26% during the forecast period. This steady rise in market growth reflects the increasing need for centralized control of connected devices across industries. The rising number of connected endpoints, combined with the adoption of 5G networks and edge computing, is shaping the market forecast.

Companies are now focusing on platforms that support provisioning, monitoring, updates, and security in one place, helping improve operational visibility and reduce downtime. North America currently leads in adoption, while Asia-Pacific is witnessing faster expansion due to smart city projects and industrial automation. The IoT device management market share is also influenced by increasing investments from both public and private sectors aiming to support digital infrastructure.

Report Overview: https://www.mordorintelligence.com/industry-reports/iot-device-management-market?utm_source=openpr

IoT Device Management Market Drivers Shaping Industry Adoption

Rising Number of Connected Devices Across Industries

The rapid increase in IoT endpoints is one of the key IoT device management market trends. Enterprises are handling large device fleets that include sensors, machines, and connected systems. This growth is pushing the industry toward centralized platforms that can manage diverse devices efficiently.

Security and Compliance Becoming Core Requirements

Security has become a major factor influencing the IoT device management market growth. With stricter regulations and frequent cyber threats, organizations are prioritizing platforms that offer built-in security features such as continuous monitoring and secure firmware updates. Compliance requirements across regions are also contributing to the expansion of the market size.

Shift Toward Edge and Cloud Integration

The integration of edge computing with cloud systems is another important trend in the market. Businesses are using edge solutions for faster data processing while maintaining centralized control through cloud platforms. This hybrid approach is improving efficiency and supporting the overall IoT device management market forecast.

Growth of 5G and LPWAN Connectivity

The expansion of connectivity technologies like 5G and LPWAN is supporting the IoT device management market growth. These technologies allow large-scale device connections with better reliability and coverage. As connectivity improves, the industry is seeing increased demand for platforms that can manage devices across different network types.

IoT Device Management Market Segmentation Overview

By Component

Solutions

Security Management

Device Provisioning and On-boarding

OTA Firmware and Software Updates

Remote Monitoring and Diagnostics

Data Management and Analytics

Services

Professional Services

Managed Services

By Deployment Type

Cloud

On-premise

Hybrid

Edge-native

By Connectivity Technology

Cellular (2G/3G/4G/5G)

LPWAN (NB-IoT, LoRaWAN, Sigfox)

Wi-Fi/Bluetooth

Satellite and Others

By Organization Size

Small and Medium-sized Enterprises

Large Enterprises

By End-user Vertical

Manufacturing

Transportation and Logistics

Healthcare and Life Sciences

Retail and E-commerce

Energy and Utilities

Smart Cities and Public Safety

Agriculture

Others

By Geography

North America

United States

Canada

Mexico

South America

Brazil

Argentina

Rest of South America

Europe

Germany

United Kingdom

France

Italy

Spain

Rest of Europe

Asia-Pacific

China

Japan

India

South Korea

Rest of Asia-Pacific

Middle East and Africa

Middle East

United Arab Emirates

Saudi Arabia

Turkey

Rest of Middle East

Africa

South Africa

Nigeria

Kenya

Rest of Africa

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Key Players in the IoT Device Management Industry

Microsoft

Smith Micro Software

Advantech

Bosch.IO

IBM

Explore more insights on IoT device management competitive landscape https://www.mordorintelligence.com/industry-reports/iot-device-management-market/companies?utm_source=openpr

Conclusion

The market is moving toward a phase where automation, security, and scalability are essential requirements for businesses managing connected devices. The combination of growing device volumes, improved connectivity, and regulatory pressure is shaping the direction of the IoT device management market forecast. Organizations are increasingly adopting unified platforms that simplify device management while ensuring compliance and security.

This shift is expected to strengthen the market size and expand its applications across industries. In the coming years, the IoT device management industry will continue to grow as businesses rely more on connected ecosystems. The focus on efficient operations, real-time insights, and secure infrastructure will remain central to the market trends, supporting long-term development and wider adoption globally

For more insights on the IoT device management, please visit the Mordor Intelligence page: https://www.mordorintelligence.com/industry-reports/iot-device-management-market?utm_source=openpr

Industry Related Reports:

Enterprise IoT Market

The Enterprise IoT market size was valued at USD 354.36 million in 2025 and is projected to grow from USD 403.69 million in 2026 to USD 774.54 million by 2031, at a CAGR of 13.92%. Growth is supported by digital transformation initiatives, private 5G adoption, and increasing use of edge-AI analytics, while predictive maintenance and smart energy solutions are helping enterprises improve efficiency and reduce operational costs.

Get more insights: https://www.mordorintelligence.com/industry-reports/enterprise-iot-market?utm_source=openpr

Internet of Things (IoT) Market Growth

The Internet of Things market is estimated at USD 1.35 trillion in 2025 and is expected to reach USD 2.72 trillion by 2030, growing at a CAGR of 15.04%. Rising demand for real-time analytics, expansion of 5G and LPWAN networks, and declining sensor costs are accelerating adoption across industries such as manufacturing, agriculture, and logistics.

Get more insights: https://www.mordorintelligence.com/industry-reports/internet-of-things-iot-market?utm_source=openpr

5G IoT Market Trends

The 5G IoT market size was valued at USD 35.80 billion in 2025 and is projected to grow from USD 45.45 billion in 2026 to USD 149.83 billion by 2031, at a CAGR of 26.94%. Growth is driven by RedCap technology, increasing demand for low-latency connectivity, and strong government support, enabling large-scale deployments across manufacturing, logistics, and automotive sectors.

Get more insights: https://www.mordorintelligence.com/industry-reports/5g-iot-market?utm_source=openpr

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