Internet
of Things (IoT) is a web of devices, vehicles, home appliances and other items installed
with software, sensors, electronics and connectivity which facilitate access to
objects for connecting and transferring information or data. IoT device
management is the process of provision, authentication, configuration, monitor
and maintenance of device firmware and software. The
IoT device management market is expanding
owing to rising concerns over network security enabling the requirement for
device connection, both for conventional signature-based software as well as
AI-based protection of devices, data and systems. These markets are highly used
in the Retail, Transportation & Logistics, Healthcare, Utilities,
Manufacturing, among various others. The usage of 5G networks and its support
for extensive IoT, connected with Multi-access Edge Computing (MEC), will boost
the requirement for IoT device management at the edge of cellular networks in
particular. The IoT device management market must develop to fulfill the ever-rising
scale and scope of enterprise, consumer, industrial and government solutions and
systems. The surging demand for technologically advanced IoT and the rising
growth in the educational sector, coupled with rising economies, are leading
the growth in the internet of things market. In addition to this, the
penetration of networking and communication technologies and the requirement
for connected assets, real-time analytics and security of machines have resulted
in the selection of IoT device management. On the other hand, the factors such
as sluggish digitalization, dearth of common standards, coupled with privacy
concerns, are impacting the IoT device management market negatively.
In
addition, the industry 4.0 is changing industries, from having legacy systems
to smart components and smart machines, to allow digital factories and the
development of an ecosystem of linked enterprises and plants. Industry 4.0 has provoked
OEMs to deploy IoT devices across their operations. Estimating the rising
adoption of IoT devices and digital transformation across industry verticals,
the European Commission declared that the value of IoT in Europe itself is projected
to exceed EUR 1 trillion in 2020, therefore promoting the market to prosper.
The
global IoT Device Management Market is segregated on the basis of component as Solution
and Services. Based on Solution the global IoT Device Management Market is
segmented in Real-Time Streaming Analytics, Security Solutions, Data Management,
Remote Monitoring and Network Bandwidth Management. Based on Service the global
IoT Device Management Market is segmented in Professional and Managed. Based on
Organization Size the global IoT Device Management Market is segmented in SMEs
and Large Enterprise. Based on Vertical the global IoT Device Management Market
is segmented in Retail, Healthcare, Transportation & Logistics, Utilities, Manufacturing
and Others.
The
global IoT Device Management Market report provides geographic analysis
covering regions, such as Europe, North America, Asia Pacific, and Rest of The
World. The IoT Device Management Market for each region is further segmented
for major countries including the U.S., Canada, Germany, the U.K., France,
Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Microsoft
Corporation, PTC Incorporation, Telit Communications PLC, IBM Corporation, Oracle
Corporation and others are among the major players in the global IoT Device
Management Market. The companies studied in terms of product strategy and
various n several growth and expansion strategies to gain a competitive edge in
the market. The major players not only follow value chain integration with
business operations in multiple stages of the value chain.
- In March
2020, Azure IoT from Microsoft lunched seamless integration with Cisco IoT.
This collaboration between Cisco and Azure IoT is projected to simplify
customer deployments. Customers with this service integration can safely
connect their assets and simply ingest and send IoT data to the cloud. Cisco
IoT Gateways with this now will be pre-integrated to take benefit of the latest
in cloud technology from Azure.
- In Feb
2020, Smith Micro Software, Inc. declared that it acquired the operator
business of Circle Media Labs Inc. This newly acquired technology is anticipated
to further improve Smith Micro’s SafePath Connected Life Platform, offering a complete
connected life experience for Family Location and Parental Controls, IoT and
Home under a common experience.
- In Oct
2019, Advantech officially opened its new Japan Service Center situated in
Fukuoka Prefecture. The Advantech Japan Service center with it embraced OMRON
Nohgata’s quality of excellence, own fully enough extendable size of its
warehouse and see production capacity almost tripled supporting Advantech drive
regional growth and fulfill customers’ expanding Industry 4.0 requires through
“Configured Order to Service (CTOS)”.
The global IoT Device Management Market has been
segmented as below:
IoT
Device Management Market, By Component
IoT
Device Management Market, By Solution
- Real-Time Streaming Analytics
- Security Solutions
- Data Management
- Remote Monitoring
- Network Bandwidth Management
IoT
Device Management Market, By Service
IoT
Device Management Market, By Organization Size
IoT Device
Management Market, By Vertical
- Retail
- Healthcare
- Transportation & Logistics
- Utilities
- Manufacturing
- Others
IoT
Device Management Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
IoT
Device Management Market, By Company
- Microsoft Corporation
- PTC Incorporation
- Telit Communications PLC
- IBM Corporation
- Oracle Corporation
- Smith Micro Software, Inc.
- Advantech Co. Ltd.
- Aeris Communications, LLC
- Zentri Inc.
- Cumulocity GmbH
- Enhanced Telecommunications Inc.
- Amplia Soluciones S.L.
- Proximetry, Inc.
- Bosch Software Innovation GmbH
- Wind River Inc.
- SiteWhere LLC
- Xively (Google Inc)
- VMware Inc.
- Matrix42 AG
- Amazon Web Services, Inc.
The
report covers the below scope:
- Global IoT Device Management Market
sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global IoT Device Management Market
trends, covering comprehensive range of consumer trends & manufacturer
trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global IoT
Device Management Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global IoT Device Management Market report
scope includes detailed study covering underlying factors influencing the
industry trends. The report covers analysis on regional and country level
market dynamics. The scope also covers competitive overview providing company
market shares along with company profiles for major revenue contributing
companies. The report scope includes detailed competitive outlook covering
market shares and profiles key participants in the global IoT Device Management
Market share. Major industry players with significant revenue share include Microsoft
Corporation, PTC Incorporation, Telit Communications PLC, IBM Corporation, Oracle
Corporation and others.
Why to
Buy this Report:
- Gain detailed insights on the IoT Device Management industry trends
- Find complete analysis on the
market status
- Identify the IoT Device Management
Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement