The growing penetration of heterogeneous smart devices and IoT sensors, mandates the critical need for reliable IoT device management platforms or solutions for device remote activation and provisioning, configuration and control, and its management. Converged device management platform offers a single platform to manage devices across multitude of domains and protocols for communication.
IoT devices include heterogeneous stand-alone internet connected devices that need to be monitored and controlled from a remote location. As a result, this drives the need for reliable IoT device management platforms and solutions for properly monitoring and managing these smart devices.
The IoT Device Management Market is projected to grow at a CAGR of +25% by 2021
The IoT device management market is segmented by solution, service, organization size, deployment model, application area, and region. The service segment is expected to grow at a higher CAGR during the forecast period, because services help organizations to easily deploy the software on cloud.
The public cloud deployment model is most widely utilized by enterprises, owing to a large number of advantages, such as cost efficiency, scalability, and security. The public cloud provides an extensibility model that enables developers to build robust device management solutions.
It also enables secure communication, extensive monitoring and access control using per-device security keys, and also provides device-to-cloud and cloud-to-device communication options. Data management is one of the most essential requirements of an organization that is deploying IoT technology.
The APAC region is expected to witness a significant growth and estimated to be the fastest-growing region in the IoT device management market. This region has a competitive advantage over other regions with many players providing local cost-effective solutions, the easy availability of trained labors, and flexible regulations and policies.
In addition, the countries in APAC are taking aggressive initiatives to upsurge the IoT infrastructure, enabling commercial users to adopt the cutting-edge technology. Government initiatives in the APAC region has started to boost the mobile internet, cloud computing, big data, and the IoT adoption, to encourage the healthy development of eCommerce, industrial networks, and internet banking, and to help internet companies increase their global presence.
The major vendors covered in the IoT device management market include Microsoft Corporation (US), IBM Corporation (US), Oracle Corporation (US), PTC Inc. (US), ARM Ltd. (UK), Aeris (US), Smith Micro Software (US), Tibbo Systems (Taiwan), DevicePilot (UK), Xively (US), Zentri (US), Cumulocity GmBH (Germany), Proximetry (US), Einfochips (US), Wind River Systems Inc.
(US), and Capricode (Finland).
The overall IoT device management market size has been estimated based on the revenues earned by vendors, offering solutions and services in multiple application areas, inclusive of professional and managed IoT device management services. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments.
The market numbers are further split into regions.
The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.
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