IoT Device Management Market anticipated to witness significant growth by 2024

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IoT Device Management Market predicted to grow
exponentially by 2024 Global Market Insights,
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of IoT Device Management
Market

• 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.

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• Application Analysis of IoT Device Management
  Market
• 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
  market.

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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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