Global IoT Device Management Market is valued at approximately USD 1.88 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 34.9% over the forecast period 2023-2030. IoT (Internet of Things) Device Management refers to the collection of procedures, instruments, and technological advancements used to oversee and regulate the operation of IoT devices installed in a variety of settings. It entails tasks such as setting up, maintaining, upgrading, securing, and provisioning IoT devices throughout their operational lifecycle. IoT device management is essential for large-scale IoT installations to operate effectively and securely. It aids businesses in streamlining processes, preserving data integrity, and managing and optimizing their IoT devices. The rapid proliferation of IoT devices across various industries and sectors, rising emphasis on remote device management, and increasing regulatory compliance regarding data privacy, security, and device management, coupled with the evolving IoT standards and protocols are playing a vital role in bolstering market growth across the globe.
In addition, the surging adoption of connected devices is directly associated with the demand for IoT device management solutions. Effective IoT Device Management enhances operational efficiency, reduces downtime, ensures data integrity, improves security, and simplifies device maintenance for large-scale IoT deployments. According to the Statista, there were nearly 8.6 billion Internet of Things (IoT) connected devices in 2019,, which is anticipated to reach around 19.1 billion devices by 2025. Thereby, these aforementioned factors are spurring the market expansion. Moreover, the rising technological developments, as well as the Increasing penetration of communication and networking technologies present various lucrative opportunities over the forecast years. However, the data security and privacy concerns and complexity of IoT deployments are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global IoT Device Management Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the development of information and communications technology (ICT) infrastructure and surging adoption of connected devices. Also, the growth of the region is aided by its robust economy and the presence of several well-established businesses. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The proliferation of connected gadgets, the high population, and the ongoing development of high-speed data networks are significantly propelling the market demand across the region. Additionally, it is projected that throughout the projection period, the market has multiple development prospects due to governments' increasing focus on supporting small- and medium-sized businesses that heavily use intelligent devices.
Major market players included in this report are:
- Bosch Software Innovation GmbH
- Smith Micro Software, Inc.
- Advantech Co. Ltd.
- International Business Machines Corp.
- Aeris Communication, Inc.
- Microsoft Corp.
- Oracle Corp.
- PTC Inc.
- Proximetry
- Telit Communications PLC
Recent Developments in the Market:
- In December 2022, Aeris Communications- an Internet of Things (IoT) solutions provider based in California, U.S. announced that the company has signed an agreement with Ericsson to acquire the Connected Vehicle Cloud businesses and IoT Accelerator of Ericsson. This acquisition helps the company to expand its footprints in the regional market, as well as strengthen its product portfolio.
Global IoT Device Management Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Category, Solution, Service, Organization Size, Vertical, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Category:
By Solution:
- Real-time Streaming Analytics
- Security Solutions
- Data Management
- Remote Monitoring
- Network Bandwidth Management
By Service:
- Professional Services
- Managed Services
By Organization Size:
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Vertical:
- Retail
- Healthcare
- Transportation
- Utilities
- Manufacturing
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. IoT Device Management Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. IoT Device Management Market, by Category, 2020-2030 (USD Billion)
- 1.2.3. IoT Device Management Market, by Solution, 2020-2030 (USD Billion)
- 1.2.4. IoT Device Management Market, by Service, 2020-2030 (USD Billion)
- 1.2.5. IoT Device Management Market, by Organization Size, 2020-2030 (USD Billion)
- 1.2.6. IoT Device Management Market, by Vertical, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global IoT Device Management Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global IoT Device Management Market Dynamics
- 3.1. IoT Device Management Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Surging number of connected devices
- 3.1.1.2. Increasing regulatory Compliance regarding data privacy, security, and device management
- 3.1.2. Market Challenges
- 3.1.2.1. Data security and privacy concerns
- 3.1.2.2. Complexity of IoT deployments
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising technological developments
- 3.1.3.2. Increasing penetration of communication and networking technologies
Chapter 4. Global IoT Device Management Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global IoT Device Management Market, by Category
- 5.1. Market Snapshot
- 5.2. Global IoT Device Management Market by Category, Performance - Potential Analysis
- 5.3. Global IoT Device Management Market Estimates & Forecasts by Category 2020-2030 (USD Billion)
- 5.4. IoT Device Management Market, Sub Segment Analysis
- 5.4.1. Solution
- 5.4.2. Services
Chapter 6. Global IoT Device Management Market, by Solution
- 6.1. Market Snapshot
- 6.2. Global IoT Device Management Market by Solution, Performance - Potential Analysis
- 6.3. Global IoT Device Management Market Estimates & Forecasts by Solution 2020-2030 (USD Billion)
- 6.4. IoT Device Management Market, Sub Segment Analysis
- 6.4.1. Real-time Streaming Analytics
- 6.4.2. Security Solutions
- 6.4.3. Data Management
- 6.4.4. Remote Monitoring
- 6.4.5. Network Bandwidth Management
Chapter 7. Global IoT Device Management Market, by Service
- 7.1. Market Snapshot
- 7.2. Global IoT Device Management Market by Service, Performance - Potential Analysis
- 7.3. Global IoT Device Management Market Estimates & Forecasts by Service 2020-2030 (USD Billion)
- 7.4. IoT Device Management Market, Sub Segment Analysis
- 7.4.1. Professional Services
- 7.4.2. Managed Services
Chapter 8. Global IoT Device Management Market, by Organization Size
- 8.1. Market Snapshot
- 8.2. Global IoT Device Management Market by Organization Size, Performance - Potential Analysis
- 8.3. Global IoT Device Management Market Estimates & Forecasts by Organization Size 2020-2030 (USD Billion)
- 8.4. IoT Device Management Market, Sub Segment Analysis
- 8.4.1. Large Enterprises
- 8.4.2. Small & Medium Enterprises (SMEs)
Chapter 9. IoT Device Management Market, by Vertical
- 9.1. Market Snapshot
- 9.2. Global IoT Device Management Market by Vertical, Performance - Potential Analysis
- 9.3. Global IoT Device Management Market Estimates & Forecasts by Vertical 2020-2030 (USD Billion)
- 9.4. IoT Device Management Market, Sub Segment Analysis
- 9.4.1. Retail
- 9.4.2. Healthcare
- 9.4.3. Transportation
- 9.4.4. Utilities
- 9.4.5. Manufacturing
- 9.4.6. Others
Chapter 10. Global IoT Device Management Market, Regional Analysis
- 10.1. Top Leading Countries
- 10.2. Top Emerging Countries
- 10.3. IoT Device Management Market, Regional Market Snapshot
- 10.4. North America IoT Device Management Market
- 10.4.1. U.S. IoT Device Management Market
- 10.4.1.1. Category breakdown estimates & forecasts, 2020-2030
- 10.4.1.2. Solution breakdown estimates & forecasts, 2020-2030
- 10.4.1.3. Service breakdown estimates & forecasts, 2020-2030
- 10.4.1.4. Organization Size breakdown estimates & forecasts, 2020-2030
- 10.4.1.5. Vertical breakdown estimates & forecasts, 2020-2030
- 10.4.2. Canada IoT Device Management Market
- 10.5. Europe IoT Device Management Market Snapshot
- 10.5.1. U.K. IoT Device Management Market
- 10.5.2. Germany IoT Device Management Market
- 10.5.3. France IoT Device Management Market
- 10.5.4. Spain IoT Device Management Market
- 10.5.5. Italy IoT Device Management Market
- 10.5.6. Rest of Europe IoT Device Management Market
- 10.6. Asia-Pacific IoT Device Management Market Snapshot
- 10.6.1. China IoT Device Management Market
- 10.6.2. India IoT Device Management Market
- 10.6.3. Japan IoT Device Management Market
- 10.6.4. Australia IoT Device Management Market
- 10.6.5. South Korea IoT Device Management Market
- 10.6.6. Rest of Asia Pacific IoT Device Management Market
- 10.7. Latin America IoT Device Management Market Snapshot
- 10.7.1. Brazil IoT Device Management Market
- 10.7.2. Mexico IoT Device Management Market
- 10.8. Middle East & Africa IoT Device Management Market
- 10.8.1. Saudi Arabia IoT Device Management Market
- 10.8.2. South Africa IoT Device Management Market
- 10.8.3. Rest of Middle East & Africa IoT Device Management Market
Chapter 11. Competitive Intelligence
- 11.1. Key Company SWOT Analysis
- 11.1.1. Company 1
- 11.1.2. Company 2
- 11.1.3. Company 3
- 11.2. Top Market Strategies
- 11.3. Company Profiles
- 11.3.1. Bosch Software Innovation GmbH
- 11.3.1.1. Key Information
- 11.3.1.2. Overview
- 11.3.1.3. Financial (Subject to Data Availability)
- 11.3.1.4. Product Summary
- 11.3.1.5. Recent Developments
- 11.3.2. Smith Micro Software, Inc.
- 11.3.3. Advantech Co. Ltd.
- 11.3.4. International Business Machines Corp.
- 11.3.5. Aeris Communication, Inc.
- 11.3.6. Microsoft Corp.
- 11.3.7. Oracle Corp.
- 11.3.8. PTC Inc.
- 11.3.9. Proximetry
- 11.3.10. Telit Communications PLC
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption