IoT Device Management Market Size Worth $5.1 Billion by 2025

The global IoT device management market size is anticipated to reach USD 5.1 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 28.3% CAGR during the forecast period. Growing demand for IoT services, need for digitalization, and increasing penetration of communication and networking technologies are expected to drive the market over the coming years.

Further Key Findings From the Report Suggest: 

• Security solutions is expected to be the fastest-growing segment with a CAGR of 29.2% over the forecast period
• Managed services are predicted to largely contribute to market growth, as they facilitate higher level of performance and efficiencies
• Asia Pacific is expected to be the fastest-growing region, owing to high demand for smart city infrastructure and healthcare in emerging economies such as India and China
• Major players in the IoT device management market include Microsoft Corporation; IBM Corporation; Bosch Software Innovations; Oracle Corporation; PTC; and Advantech Co. Ltd.

Grand View Research has segmented the global IoT device management market based on component, solution, service, organization size, vertical, and region: 

• IoT Device ManagementComponent Outlook (Revenue, USD Million, 2014 – 2025) 
  • Solution
  • Services
• IoT Device Solution Outlook (Revenue, USD Million, 2014 – 2025) 
  • Real-Time Streaming Analytics
  • Security Solutions
  • Data Management
  • Remote Monitoring
  • Network Bandwidth Management
• IoT Device Service Outlook (Revenue, USD Million, 2014 – 2025) 
  • Professional
  • Managed
• IoT Device Organization Size Outlook (Revenue, USD Million, 2014 – 2025) 
  • SMEs
  • Large Enterprise        
• IoT Device Vertical Outlook (Revenue, USD Million, 2014 – 2025) 
  • Retail
  • Healthcare
  • Transportation & Logistics
  • Utilities
  • Manufacturing
  • Others
• IoT Device Regional Outlook (Revenue, USD Million, 2014 – 2025) 
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Mexico
  • Middle East & Africa