Market Revenue IoT Device Management Industry Key Opportunities

IoT Device Management Industry Key Opportunities, Value Chain
Analysis, Demand Till 2025
“IoT Device Management Market size is expected to reach USD 5.1 billion by
2025. The IoT (internet of things) represents a complex system of networks,
interfaces, devices, protocols, platforms, and data. IoT devices range from
actuators, sensors, gateways, and embedded software/hardware within
products and assets.”
Global IoT Device Management Market size is expected to reach USD 5.1 billion by 2025. The IoT (internet of
things) represents a complex system of networks, interfaces, devices, protocols, platforms, and data. IoT devices
range from actuators, sensors, gateways, and embedded software/hardware within products and assets. IoT
device management consists of multiple operating systems& varieties of communication protocols and methods
conducting smooth functioning of smart devices. The IoT Device Management market is expected to register a
CAGR of 28.3% in the upcoming period as the scope, product types, and its applications are increasing across
the globe. By component, the market is bifurcated into services and solutions. The “services” segment is
anticipated to hold the largest market share in the upcoming period. This segment includes managed and
professional services. The “solutions” segment accounted for the highest market share in 2016 and is expected
to witness high growth rate in the forthcoming years.
This segment is further segmented into data management, security solutions, real-time analytics, network
bandwidth management and remote monitoring. IoT device management technologies are used in various
industries such as healthcare, retail, utilities, transportation & logistics, manufacturing, and others. The
“healthcare” industry is anticipated to witness the largest market share in the next couple of years. However,
the “transportation” sector is expected to hold the largest market share during the forecast period due to
increasing adoption of IoT device management solutions.
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