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IoT Device Management Market Size - Industry Share Report 2022

05-16-2017 10:44 AM CET | IT, New Media & Software

Press release from: RNR Market Research

IoT Device Management

IoT Device Management

IoT Device Management Market Size, Share, Price | Industry Report 2022 Market Research Report to It’s a Database.

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The Internet of Things (IoT) device management market is expected to grow at a Compound Annual Growth Rate (CAGR) of 29.8% from 2017 to 2022, owing to the critical need for converged device management platforms

The IoT device management market size is expected to grow from USD 693.4 million in 2017 to USD 2,559.6 million by 2022, at a CAGR of 29.8% from 2017 to 2022.The growing penetration of heterogeneous smart devices and IoT sensors, mandates the critical need for reliable IoT device management platforms or solutions for device remote activation and provisioning, configuration and control, and its management. Converged device management platform offers a single platform to manage devices across multitude of domains and protocols for communication. IoT devices include heterogeneous stand-alone internet connected devices that need to be monitored and controlled from a remote location. As a result, this drives the need for reliable IoT device management platforms and solutions for properly monitoring and managing these smart devices.

Integration services among the professional services segment is expected to gain maximum traction during the forecast period

Installation and integration services are considered very important, as a typical IoT ecosystem consists of thousands of IoT devices and are connected through complex wireless network, such as Zig Bee, z-Wave, LTE-advanced, and Wi-Fi direct. Integration service providers help enterprises and business customers to develop a connected environment by integrating IoT devices and solutions with the business processes.

Public cloud deployment model is estimated to have the largest market size in IoT device management market during the forecast period

The public cloud deployment model is most widely utilized by enterprises, owing to a large number of advantages, such as cost efficiency, scalability, and security. The public cloud provides an extensibility model that enables developers to build robust device management solutions. It also enables secure communication, extensive monitoring and access control using per-device security keys, and also provides device-to-cloud and cloud-to-device communication options.

The break-up of profile of primary participants is as follows:

• By Company: Tier 1 – 30 %, Tier 2 – 40%, and Tier 3 – 30%
• By Designation: C level – 72%, Director level – 14%, and Others – 14%
• By Region: North America – 57%, Europe – 14%, and APAC – 29%

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Key players include:

(Business Overview, Products & Services, Key Insights, Recent Developments,)*

• Advantech Co., Ltd.
• Aeris
• Amplia Soluciones S.L.
• Cumulocity GmbH
• Enhanced Telecommunications Inc.
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• PTC Incorporation
• Smith Micro Software, Inc.
• Telit Communications PLC
• Wind River
• Xively
• Zentri

Research Coverage:

The report includes in-depth competitive analysis of these key players in the IoT device management market, with their company profiles, recent developments, and key market strategies. The research report segments the IoT device management market by solution, service, organization size, and deployment model, along with application, and region.

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