The Global IoT Device Management market is expected to grow from $461.24 million in 2016 to reach $3,125.68 million by 2023 with a CAGR of 31.4%

LONDON, Nov. 2, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global IoT Device Management market is expected to grow from $461.24 million in 2016 to reach $3,125.68 million by 2023 with a CAGR of 31.4%. Some of the factors propelling the market growth include growing acceptance of device and vendor agnostic platforms, rising demand for converged device management platform and expansion of intelligent connected devices. However, privacy issues and lack of uniform IoT standards required for interoperability are restricting the market.



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The demand for IoT devices have acquired largest market share in small and medium-sized enterprises as these devices helps in making efficient decisions in business areas. By deployment model, public cloud is leading the market with the highest CAGR and the growth can be attributed as many enterprises are adopting public cloud system which reduces the cost of data storage. Based on services, integration services is one of the fastest growing segments due to the rising number of protocols and connectivity technologies.

North America is dominating the global market due to government's support in implementing new technologies in IoT security and analytics. Asia Pacific is the fastest growing region and the growth in this region can be mainly attributed to rising investments of governments in IoT initiatives.

Some of the key players in global IoT Device Management market include Enhanced, Telecommunications Inc., Aeris, Telit Communications PLC, Advantech Co., Ltd., Oracle Corporation, Amplia Soluciones S.L., Xively, Cumulocity GmbH, Microsoft Corporation, Zentri, International Business Machines Corporation, Smith Micro Software, Inc., PTC Incorporation and Wind River.

Applications Covered:
• Connected Health
• Connected Logistics
• Smart Home
• Smart Manufacturing
• Smart Retail
• Smart Transportation
• Smart Utilities
• Other Applications

Services Covered:
• Professional Services
o Consulting Services
o Integration Services
o Support and Maintenance
• Managed Services

Deployment Models Covered:
• Hybrid Cloud
• Private Cloud
• Public Cloud

Solutions Covered:
• Data Management
• Network Bandwidth Management
• Real-Time Streaming Analytics
• Remote Monitoring
• Security Solutions

Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Read the full report: https://www.reportlinker.com/p05169989

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