Thursday, 19 December 2019

IoT Device Management Market by Opportunities, Trends, Dynamics and Growth Factors Forecast to 2025


Felton - This report provides in depth study of “IoT Device Management Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The IoT Device Management Market report also provides an in-depth survey of top key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
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. 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.
The factors that play an important role in the growth of IoT device management industry include increasing demand, increasing urbanization & industrialization, need for digitalization, growing demand for IoT services, increasing penetration of communication & networking technologies, growing penetration of smart devices & IoT sensors, technological advancements and increasing government support for public cloud. Moreover, growing emphasis on rising operational efficiencies and managing connected devices is expected to drive market growth in the next couple of years.
The probable stakeholders for market include network operators, cloud-based service providers, IoT solution providers, network infrastructure providers, device management providers and machine-to-machine, IoT & telecommunication companies. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is categorized based on component, solution, service, organization size, deployment, vertical, end user, and geography. North America has been at the forefront with regards to IoT device management market and will continue to rule the roost in the years to come.
The key players contributing to the robust development of the IoT device management industry include IBM Corporation, Advantech Co. Ltd., Aeris Communications Inc., Robert Bosch GmbH, Bosch Software Innovations, Microsoft Corporation, Oracle Corporation, PTC Inc., Smith Micro Software, DevicePilot, Tibbo Systems, Wind River Systems Inc., Cumulocity GmbH, Capricode and SAP SE. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Major Key Points in Table of Content
1 Market Definition
2 Global Market by Vendors
3 Global Market by Type
4 Global Market by End-Use / Application
5 Global Market by Regions
6 North America Market
7 Europe Market
8 Asia-Pacific Market
9 South America Market
10 Middle East & Africa Market
11 Market Forecast
12 Key Manufacturers
13 Price Overview
14 Research Conclusion
Continued….
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