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IoT Device Management Market Outlook Alfredo Griffin World Baseball Classic Jersey , Demand, Key Manufacturers and 2025 Forecast

by millionmarket · June 20, 2019


20th June 2019: 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 Denny Gonzalez World Baseball Classic Jersey , sensors, gateways, and embedded softwarehardware 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.




By component, the market is bifurcated into services and solutions. The 鈥渟ervices鈥?segment is anticipated to hold the largest market share in the upcoming period. This segment includes managed and professional services. The 鈥渟olutions鈥?segment accounted for the highest market share in 2016 and is expected to witness high growth rate in the forthcoming years. This segment is further segmented into data management, security solutions, real-time analytics Bill Castro World Baseball Classic Jersey , network bandwidth management and remote monitoring.




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IoT device management technologies are used in various industries such as healthcare, retail, utilities, transportation & logistics, manufacturing, and others. The 鈥渉ealthcare鈥?industry is anticipated to witness the largest market share in the next couple of years. However, the 鈥渢ransportation鈥?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 Jose Cano World Baseball Classic Jersey , 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.