IoT Device Management Market Size Worth $5.1 Billion by 2025: Grand View Research, Inc.
SAN FRANCISCO, March 21, 2018 /PRNewswire/ --
The global IoT device management market size is anticipated to reach USD 5.1 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 28.3% CAGR during the forecast period. Growing demand for IoT services, need for digitalization, and increasing penetration of communication and networking technologies are expected to drive the market over the coming years.
In the past few years, the industry has witnessed increasing investments in R&D activities for development of technologically advanced IoT systems. This has increased the popularity of IoT devices management products. Major application sectors in the market include device provisioning, monitoring, administration, and diagnostics.
The security solutions segment is projected to exhibit the highest growth rate over the forecast years. The market is witnessing increasing use of security solutions for connected devices. Advantages bestowed by the technology include higher efficiency in device monitoring, diagnostics, and analytics.
Key market participants in the market include IBM Corporation; Aeris Communications, Inc.; Microsoft Corporation; Bosch Software Innovations; Oracle Corporation; PTC; and Advantech Co. Ltd. Vendors in the IoT market are likely to witness robust demand for connected device management over the forecast years, owing to increasing technological advancements.
Browse full research report with TOC on"IoT Device Management Market Size, Share & Trends Analysis Report By Component (Solutions, Services), By Solution, By Service, By Organization Size (SME, Large Enterprise), By Vertical, And Segment Forecasts, 2018 - 2025" at:https://www.grandviewresearch.com/industry-analysis/iot-device-management-market
Further Key Findings From the Report Suggest:
Security solutions is expected to be the fastest-growing segment with a CAGR of 29.2% over the forecast period
Managed services are predicted to largely contribute to market growth, as they facilitate higher level of performance and efficiencies
Asia Pacific is expected to be the fastest-growing region, owing to high demand for smart city infrastructure and healthcare in emerging economies such as India and China
Major players in the IoT device management market include Microsoft Corporation; IBM Corporation; Bosch Software Innovations; Oracle Corporation; PTC; and Advantech Co. Ltd.
Browse related reports by Grand View Research:
Quad High Definition Market - The QHD market (Quad High Definition) is expected to witness substantial growth over the forecast period owing to increasing adoption of electronic devices, primarily smart devices with large screen size.
Intelligent Vending Machines Market - The intelligent vending machines market size was valued at USD 3.34 billion in 2015 and is presumed to gain traction over the forecast period.
Public Relations (PR) Tools Market - The global public relations (PR) tools market size was valued at USD 4.55 billion in 2015 and is predicted to gain momentum over the next eight years.
Talent Management Software Market - The global talent management software market size was valued at USD 6.26 billion in 2015 and is expected to witness a significant growth owing to its growing application scope in almost all the human capital-centric industries.
Grand View Research has segmented the global IoT device management market based on component, solution, service, organization size, vertical, and region:
IoT Device ManagementComponent Outlook (Revenue, USD Million, 2014 - 2025)
Solution
Services
IoT DeviceSolution Outlook (Revenue, USD Million, 2014 - 2025)
Real-Time Streaming Analytics
Security Solutions
Data Management
Remote Monitoring
Network Bandwidth Management
IoT DeviceService Outlook (Revenue, USD Million, 2014 - 2025)
Professional
Managed
IoT DeviceOrganization Size Outlook (Revenue, USD Million, 2014 - 2025)
SMEs
Large Enterprise
IoT DeviceVertical Outlook (Revenue, USD Million, 2014 - 2025)
Retail
Healthcare
Transportation & Logistics
Utilities
Manufacturing
Others
IoT DeviceRegional Outlook (Revenue, USD Million, 2014 - 2025)
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact: Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Aspire Health Alliance ("Aspire Health") is a company headquartered in Braintree, Massachusetts, that provides behavioral health services in the community. Aspire Health experienced a data security incident that may have involved personal and...
Rally House, a national sports and merchandise retailer, is excited to have their doors open at the first storefront location in Buffalo, NY, with Rally House Walden Galleria. Shoppers can find Rally House Walden Galleria inside the mall on the upper...
J. Stout Auctions (JSA) proudly announces the successful completion of this year's largest forestry equipment auction with the fleet dispersal of Jerry DeBriae Logging. This auction marked JSA's largest forestry auction since March 2022, when it...
We are advised by a representative for FirstHive that journalists and other readers should disregard the news release, FirstHive Welcomes Investors Benhamou Global Ventures, Saama and Amit Singal in New Funding Round, issued April 24, 2024 over PR...
Pluribus Technologies Corp. ("Pluribus" or the "Company"), a growing acquirer of small, profitable technology companies, today announced that Company management will host a conference call to discuss its fiscal 2024 fourth quarter financial results...
SpryPoint, the leading enterprise software-as-a-service (SaaS) provider to Utilities across North America, is proud to announce the upcoming release of SpryWallet, an embedded payment solution designed specifically for the SpryCIS and SpryEngage...