IoT Device Management Market Size, Growth, Trends | Report 2023-2032
The global IoT device management market was valued at USD 1.9 billion in 2022 and it is predicted to surpass around USD 38.06 billion by 2032 with a CAGR of 34.95% from 2023 to 2032.
Key Pointers
Report Scope of the IoT Device Management Market
| Report Coverage | Details |
| Market Size in 2022 | USD 1.9 billion |
| Revenue Forecast by 2032 | USD 38.06 billion |
| Growth rate from 2023 to 2032 | CAGR of 34.95% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | 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 |
The growing focus of enterprises on controlling linked devices and improving operational efficiencies across industry verticals is expected to boost the demand for IoT device management. Major players are launching new products and services to stay competitive in the market. For standardizing protocol, the IoT industry’s major players are undertaking various initiatives, such as the formation of the Open Mobile Alliance (OMA), which has also contributed to the growth of the industry.
The outbreak of COVID-19 has impacted all walks of life, including businesses from all end-use industries. Government agencies and public sector organizations, IT, telecommunication, and healthcare invested heavily in IoT technology to deal with the COVID-19 pandemic and obtain the best possible results in saving money and energy. Thus, growth in IoT investment during the pandemic is a prominent factor contributing to the development of the IoT device management market. IoT device management software demand has been continuously rising due to the widespread adoption of communication and networking technologies, as well as the demand for real-time analytics, connected assets, and machine security.
It supports control and maintenance, software upgrades, monitoring and diagnostics of linked devices, as well as authentication and provisioning. Moreover, there is a growing use of the Internet of Things (IoT) for various industrial processes. In addition, the upgradation of industrial technologies, such as Blockchain, IoT, and Machine Learning, and the necessity for effective management of connected devices led to the development of security solutions, real-time data analytics, and data management solutions. In June 2022, Amazon Web Services (AWS) introduced IoT Device Management, which helps register, organize, monitor, and remotely manage IoT devices at scale.
Using AWS IoT Core to manage devices in the cloud and AWS IoT Device Defender to audit and monitor the security posture of users’ fleets, the device management software integrates with AWS IoT Core. In addition, the device management software helps monitor equipment’s metadata and set policy changes with service alerts to stay informed about device configuration or unusual behaviors. Moreover, it performs bulk updates, controls the deployment velocity of over-the-air updates (such as firmware and bug fixes), and defines continuous jobs for automatic updates. IoT device management solutions are created to meet the demands of manufacturing, automotive, and other verticals.
They offer consumers authentication, network security, API, and security while enabling the effective administration of devices and connected assets. Security solutions are expected to grow during the projected period. For instance, in January 2022, Oracle Corporation introduced Cloud Internet of Things (IoT) Intelligent Applications, which provide users with better insights, efficiency, and visibility through smart manufacturing, connected logistics, connected assets, connected customer experiences, and safety at work.
IoT Device Management Market Segmentations:
| By Category | By Solution | By Service | By Organization Size | By Vertical |
|
Solution Services |
Real-time Streaming Analytics Security Solutions Data Management Remote Monitoring Network Bandwidth Management |
Professional Services Managed Services |
Large Enterprises Small & Medium Enterprises (SMEs) |
Retail Healthcare Transportation Utilities Manufacturing Others |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on IoT Device Management Market
5.1. COVID-19 Landscape: IoT Device Management Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global IoT Device Management Market, By Category
8.1. IoT Device Management Market, by Category, 2023-2032
8.1.1. Solution
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Services
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global IoT Device Management Market, By Solution
9.1. IoT Device Management Market, by Solution, 2023-2032
9.1.1. Real-time Streaming Analytics
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Security Solutions
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Data Management
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Remote Monitoring
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Network Bandwidth Management
9.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global IoT Device Management Market, By Service
10.1. IoT Device Management Market, by Service, 2023-2032
10.1.1. Professional Services
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Managed Services
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global IoT Device Management Market, By Organization Size
11.1. IoT Device Management Market, by Organization Size, 2023-2032
11.1.1. Large Enterprises
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Small & Medium Enterprises (SMEs)
11.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global IoT Device Management Market, By Vertical
12.1. IoT Device Management Market, by Vertical, 2023-2032
12.1.1. Retail
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. Healthcare
12.1.2.1. Market Revenue and Forecast (2020-2032)
12.1.3. Transportation
12.1.3.1. Market Revenue and Forecast (2020-2032)
12.1.4. Utilities
12.1.4.1. Market Revenue and Forecast (2020-2032)
12.1.5. Manufacturing
12.1.5.1. Market Revenue and Forecast (2020-2032)
12.1.6. Others
12.1.6.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global IoT Device Management Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Category (2020-2032)
13.1.2. Market Revenue and Forecast, by Solution (2020-2032)
13.1.3. Market Revenue and Forecast, by Service (2020-2032)
13.1.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.1.5. Market Revenue and Forecast, by Vertical (2020-2032)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Category (2020-2032)
13.1.6.2. Market Revenue and Forecast, by Solution (2020-2032)
13.1.6.3. Market Revenue and Forecast, by Service (2020-2032)
13.1.6.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.1.7. Market Revenue and Forecast, by Vertical (2020-2032)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Category (2020-2032)
13.1.8.2. Market Revenue and Forecast, by Solution (2020-2032)
13.1.8.3. Market Revenue and Forecast, by Service (2020-2032)
13.1.8.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.1.8.5. Market Revenue and Forecast, by Vertical (2020-2032)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Category (2020-2032)
13.2.2. Market Revenue and Forecast, by Solution (2020-2032)
13.2.3. Market Revenue and Forecast, by Service (2020-2032)
13.2.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.2.5. Market Revenue and Forecast, by Vertical (2020-2032)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Category (2020-2032)
13.2.6.2. Market Revenue and Forecast, by Solution (2020-2032)
13.2.6.3. Market Revenue and Forecast, by Service (2020-2032)
13.2.7. Market Revenue and Forecast, by Organization Size (2020-2032)
13.2.8. Market Revenue and Forecast, by Vertical (2020-2032)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Category (2020-2032)
13.2.9.2. Market Revenue and Forecast, by Solution (2020-2032)
13.2.9.3. Market Revenue and Forecast, by Service (2020-2032)
13.2.10. Market Revenue and Forecast, by Organization Size (2020-2032)
13.2.11. Market Revenue and Forecast, by Vertical (2020-2032)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Category (2020-2032)
13.2.12.2. Market Revenue and Forecast, by Solution (2020-2032)
13.2.12.3. Market Revenue and Forecast, by Service (2020-2032)
13.2.12.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.2.13. Market Revenue and Forecast, by Vertical (2020-2032)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Category (2020-2032)
13.2.14.2. Market Revenue and Forecast, by Solution (2020-2032)
13.2.14.3. Market Revenue and Forecast, by Service (2020-2032)
13.2.14.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.2.15. Market Revenue and Forecast, by Vertical (2020-2032)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Category (2020-2032)
13.3.2. Market Revenue and Forecast, by Solution (2020-2032)
13.3.3. Market Revenue and Forecast, by Service (2020-2032)
13.3.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.3.5. Market Revenue and Forecast, by Vertical (2020-2032)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Category (2020-2032)
13.3.6.2. Market Revenue and Forecast, by Solution (2020-2032)
13.3.6.3. Market Revenue and Forecast, by Service (2020-2032)
13.3.6.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.3.7. Market Revenue and Forecast, by Vertical (2020-2032)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Category (2020-2032)
13.3.8.2. Market Revenue and Forecast, by Solution (2020-2032)
13.3.8.3. Market Revenue and Forecast, by Service (2020-2032)
13.3.8.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.3.9. Market Revenue and Forecast, by Vertical (2020-2032)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Category (2020-2032)
13.3.10.2. Market Revenue and Forecast, by Solution (2020-2032)
13.3.10.3. Market Revenue and Forecast, by Service (2020-2032)
13.3.10.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.3.10.5. Market Revenue and Forecast, by Vertical (2020-2032)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Category (2020-2032)
13.3.11.2. Market Revenue and Forecast, by Solution (2020-2032)
13.3.11.3. Market Revenue and Forecast, by Service (2020-2032)
13.3.11.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.3.11.5. Market Revenue and Forecast, by Vertical (2020-2032)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Category (2020-2032)
13.4.2. Market Revenue and Forecast, by Solution (2020-2032)
13.4.3. Market Revenue and Forecast, by Service (2020-2032)
13.4.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.4.5. Market Revenue and Forecast, by Vertical (2020-2032)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Category (2020-2032)
13.4.6.2. Market Revenue and Forecast, by Solution (2020-2032)
13.4.6.3. Market Revenue and Forecast, by Service (2020-2032)
13.4.6.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.4.7. Market Revenue and Forecast, by Vertical (2020-2032)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Category (2020-2032)
13.4.8.2. Market Revenue and Forecast, by Solution (2020-2032)
13.4.8.3. Market Revenue and Forecast, by Service (2020-2032)
13.4.8.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.4.9. Market Revenue and Forecast, by Vertical (2020-2032)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Category (2020-2032)
13.4.10.2. Market Revenue and Forecast, by Solution (2020-2032)
13.4.10.3. Market Revenue and Forecast, by Service (2020-2032)
13.4.10.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.4.10.5. Market Revenue and Forecast, by Vertical (2020-2032)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Category (2020-2032)
13.4.11.2. Market Revenue and Forecast, by Solution (2020-2032)
13.4.11.3. Market Revenue and Forecast, by Service (2020-2032)
13.4.11.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.4.11.5. Market Revenue and Forecast, by Vertical (2020-2032)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Category (2020-2032)
13.5.2. Market Revenue and Forecast, by Solution (2020-2032)
13.5.3. Market Revenue and Forecast, by Service (2020-2032)
13.5.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.5.5. Market Revenue and Forecast, by Vertical (2020-2032)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Category (2020-2032)
13.5.6.2. Market Revenue and Forecast, by Solution (2020-2032)
13.5.6.3. Market Revenue and Forecast, by Service (2020-2032)
13.5.6.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.5.7. Market Revenue and Forecast, by Vertical (2020-2032)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Category (2020-2032)
13.5.8.2. Market Revenue and Forecast, by Solution (2020-2032)
13.5.8.3. Market Revenue and Forecast, by Service (2020-2032)
13.5.8.4. Market Revenue and Forecast, by Organization Size (2020-2032)
13.5.8.5. Market Revenue and Forecast, by Vertical (2020-2032)
Chapter 14. Company Profiles
14.1. Bosch Software Innovation GmbH
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Smith Micro Software, Inc.
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Advantech Co. Ltd.
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. International Business Machines Corp.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Aeris Communication, Inc.
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Microsoft Corp.
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Oracle Corp.
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. PTC Inc.
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Proximetry
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Telit Communications PLC
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers