IoT Device Management Market anticipated to witness significant growth by 2024 - PowerPoint PPT Presentation

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IoT Device Management Market anticipated to witness significant growth by 2024


Request for TOC report @ The smart manufacturing end-use segment in the IoT device management market has witnessed a high growth in the recent years owing to the high adoption of industrial IoT in the manufacturing and production sector. This software allows users to collect and analyze data to make better & informed decisions and optimize production. The smooth working of these systems is possible only by implementing an efficient management solution. The smart homes segment is steadily rising in the IoT device management market. The growth is attributed to the need for secured networking systems in modern homes to be secure from theft and the ease in using modern implementations. – PowerPoint PPT presentation

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Title: IoT Device Management Market anticipated to witness significant growth by 2024

IoT Device Management Market predicted to grow
exponentially by 2024 Global Market Insights,
Fuel Cell Market size worth 25.5bn by 2024
Regional Analysis of IoT Device Management
  • The U.S. dominates the IoT device management
    market. The high demand for management solution
    in this region is attributed to the early
    adoption of advanced IoT technologies and high
    investment power of the major players to secure
    and properly manage their IoT and cloud computing
    networks. High broadband speed and advanced
    infrastructure in the country are fueling the
    consumption of smart devices incorporating these
    technologies as they require extremely efficient
    internet facilities for their operations.
  • Countries including China and India are expected
    to witness a high IoT device management market
    demand due to the rapid industrial boom and
    growth of the IT industries. Additionally, there
    are governmental provisions, such as huge
    investments of the Chinese government, in IoT for
    development and strong connectivity. The growing
    development of SMEs in India owing to the
    provisions, such as tax exemptions, easier
    capital fund availability, and land sanctions, is
    aiding the implementation of these IoT device
    management solutions to support the technical
    advancements in device operations and management.

  • Application Analysis of IoT Device Management
  • Rapidly-growing demand for IoT solutions in all
    industry verticals and the benefits of this
    network, such as connected computing, marketing
    automation, and supply chain analytics, are
    fueling the IoT device management market growth.
    The increased penetration of networking and
    communication technologies and the need for
    digitization across the world are boosting the
    usage of IoT and cloud-based technologies.
  • These technologies provide several benefits to
    enterprises such as hyperconnected system
    operators, reduced operational cost through
    automation, and activated configurations. The
    technology is increasingly used in smart and
    connected devices due to the scalability and easy
    upgradability features. These include smart home
    automation devices and intelligent gadgets such
    as watches and smart water meters, thereby
    providing an impetus to the IoT device management

Competitive Market Share of IoT Device
Management Market
  • Companies operating in the IoT device management
    market include Telit, Amazon Web Services, Inc.,
    VMware, Inc., Smith Micro Software, Inc., IBM,
    Inc., Microsoft, and Oracle. The players have
    adopted strategies such as new product
    development, innovation, merger, acquisition,
    collaboration, and partnership. For instance, in
    November 2017, Amazon Web Services, Inc. launched
    AWS IoT Device Management that makes it easy for
    the customers to securely onboard, monitor,
    organize, and manage IoT devices. It ensures fast
    onboarding, simple organization, quickly locate,
    and quick remote management.
  • The innovation of cloud computing technologies
    incorporating this software is creating prime
    opportunities in the IoT device management
    market. Cloud-based solutions for managing these
    devices provide benefits such as enhanced
    component security, chip-to-cloud solutions, and
    remote management. For instance, Arm Limited
    introduced Mbed Cloud, a scalable solution for
    all IoT device management challenges. It supports
    efficient data communication, end-to-end
    security, easy integration, and flexibility in
    identity provision.


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