By Revenue, IoT Device Management Market is expected to reach US$ 16.84 Bn in 2025, Transparency Market Research.

According to a new market report published by Transparency Market Research (www.transparencymarketresearch.com) IoT Device Management Market by Organization Sizes – (Large Enterprises, and Small & Medium Sized Enterprises), by Deployment (Public Cloud, Private Cloud and Others), by Application (Smart Manufacturing, Smart Homes, Smart Utilities, Smart Retail, Connected Health, Smart Transportation, and Others), by Solution (Security Solution, Data Management, Remote Monitoring, Network Bandwidth Management, and Others) and by Region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025”. In terms of revenue, the global IoT device management market was valued at US$ 1.45 Bn in 2016, and is expected to reach US$ 16.84 Bn by 2025, increasing at a CAGR of 31.5% from 2017 to 2025.

Browse The Press Release: http://www.transparencymarketresearch.com/pressrelease/iot-device-management-market.htm

IoT device management is comprised of different operating system, various communication protocols and methods. In this system hardware and software co-exist to enhance smooth functioning of smart devices. IoT device management is basically a centralized monitoring system. In this system we can see that different devices are connected with this centralized system and this device management system facilitates data storage, data transmission thus enhancing the efficiency of smart devices.

Global IoT device management market is segmented into two types on the basis of organization sizes and the types are large enterprise and small & medium sized enterprises. Large enterprises held the largest market share in global IoT device management market. Percentage of large enterprises is gradually growing in recent decades. Countries in North America and Europe witness increasing concentration of large enterprises. Large enterprises have diversified revenue streams, more opportunities for advancement and larger resource base. These factors help large enterprises to adopt IoT device management to a greater extent thus facilitating the demand for IoT device management during the forecast period.

On the basis of deployment, global IoT device management market is divided into three types such as public cloud, private cloud and others. Public cloud held the dominant position in global IoT device management market. Growing number of organization such as large enterprise, small & medium sized enterprises adopt public cloud system for data storage. Public cloud system offers shared connection which reduces data storage and management costs to a great extent and this factor is likely to enhance the demand for IoT device management during the forecast period.

In terms of application, global IoT device management market is segregated into smart manufacturing, smart home, smart utilities, smart retail, connected health, smart transportation and others. Smart home held the leading position in global IoT device management market and this segment is expected to retain its market dominance during the forecast period. With the rising popularity of smart technology, home automation offers several advantages. Individuals can operate various functioning at home even from his workplace, shopping mall and others. In this way, this ensures safety and accessibility of different items. Home automation boosts energy efficiency, this reducing energy consumption and its fuel bills. These factors is expected to trigger the demand for IoT device management over the forecast period.

On the basis of solution, global IoT device management market is divided into security solution, data management, remote monitoring, network bandwidth management and others. IoT device management witnesses considerable usage in data management. Rising penetration of internet produce large volume of data and IoT device management increase efficiency of data analytics, and data management thus expanding the market prospect of IoT device management during the forecast period.

IoT device management market is divided into five regions on the basis of geographical locations namely, North America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin America. North America is the leading regional market for IoT device management in 2016. The U.S. has large number of smart homes. Moreover, technological evolution and development increase the adoption of IoT device management in manufacturing process, healthcare and logistics, thus raising the demand for IoT device management market during the forecast period. Asia Pacific is the fastest growing regional segment in IoT device management market. This region witnesses growing concentration of large enterprises coupled with higher adoption of public cloud system. Smart manufacturing process and application of smart equipment in healthcare are some of the latest trends and this is likely to drive the market demand for IoT device management over the forecast period.

Leading market players of IoT device management market are Robert Bosch GmbH, ARM Ltd., HP, Google, Intel Corporation, IBM Corporation, Oracle Corporation, Microsoft Corporation, Smith Micro Software, and SAP SE.

The global IoT device management market has been segmented into:

Global IoT Device Management Market: By Geography

  • North America

    • U.S.

    • Rest of North America

  • Europe

    • Germany

    • France

    • U.K.

    • Italy

    • Rest of Europe

  • Asia Pacific

    • Japan

    • China

    • India

    • Rest of Asia Pacific

  • Middle East and Africa (MEA)

    • UAE

    • South Africa

    • Rest of MEA

  • Latin America (LATAM)

    • Brazil

    • Rest of LATAM

Global IoT Device Management Market: By Organization Sizes

  • Large Enterprises

  • Small and Medium Sized Enterprises

Global IoT Device Management Market: By Deployment

  • Public Cloud

  • Private Cloud

  • Others

Global IoT Device Management Market: By Application

  • Smart Manufacturing

  • Smart Home

  • Smart Utilities

  • Smart Retail

  • Connected Health

  • Smart Transportation

  • Others

Global IoT Device Management Market: By Solution

  • Security Solution

  • Data Management

  • Remote Monitoring

  • Network Bandwidth Management

  • Others

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