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(EMAILWIRE.COM, September 08, 2018 ) The Global IoT Device Management market is expected to grow from $461.24 million in 2016 to reach $3,125.68 million by 2023 with a CAGR of 31.4%. Some of the factors propelling the market growth include growing acceptance of device and vendor agnostic platforms, rising demand for converged device management platform and expansion of intelligent connected devices. However, privacy issues and lack of uniform IoT standards required for interoperability are restricting the market.
Some of the key players of the IoT Device Management market include:
Enhanced, Telecommunications Inc., Aeris, Telit Communications PLC, Advantech Co., Ltd., Oracle Corporation, Amplia Soluciones S.L., Xively, Cumulocity GmbH, Microsoft Corporation, Zentri, International Business Machines Corporation, Smith Micro Software, Inc., PTC Incorporation and Wind River.
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The demand for IoT devices have acquired largest market share in small and medium-sized enterprises as these devices helps in making efficient decisions in business areas. By deployment model, public cloud is leading the market with the highest CAGR and the growth can be attributed as many enterprises are adopting public cloud system which reduces the cost of data storage. Based on services, integration services is one of the fastest growing segments due to the rising number of protocols and connectivity technologies.
North America is dominating the global market due to government’s support in implementing new technologies in IoT security and analytics. Asia Pacific is the fastest growing region and the growth in this region can be mainly attributed to rising investments of governments in IoT initiatives.
Furthermore, consumption market share for each application is offered in the research for 2017 in a tabular format. Regional analysis is discussed in terms of current market status and growth prospects for the period, 2012–2023. Geographies analyzed in the study are North America, Europe, Asia Pacific, South America and Middle East & Africa. Statistics on revenue and growth rate for each region are mentioned with the help of figures for the historic period and the forecast period.
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Applications Covered:
• Connected Health
• Connected Logistics
• Smart Home
• Smart Manufacturing
Services Covered:
• Professional Services
• Managed Services
Deployment Models Covered:
• Hybrid Cloud
• Private Cloud
• Public Cloud
Solutions Covered:
• Data Management
• Network Bandwidth Management
• Real-Time Streaming Analytics
• Remote Monitoring
• Security Solutions
Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises
Table of Contents
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global IoT Device Management Market, By Application
6 Global IoT Device Management Market, By Service
7 Global IoT Device Management Market, By Deployment Model
8 Global IoT Device Management Market, By Solution
9 Global IoT Device Management Market, By Organization Size
10 Global IoT Device Management Market, By Geography
11 Key Developments
12 Company Profiling
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Source: EmailWire.Com
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