The global IoT Device Management market was worth approximately USD 1,295.10 million in 2021 and is anticipated to rise to about USD 5830.72 million by 2028, at a CAGR of around 28.50 percent during the forecast period.
IoT Device Management facilitates the remote registration, monitoring, organization, and management of large-scale IoT devices. IoT Device Control increases device security by assisting with permission management. IoT device management is design and operating system independent, allowing fleets to scale and scale, reduce costs and administrative labor, and deploy broad and diverse IoT device deployments with the same service. The market for IoT device management has developed dramatically as the Internet of Things (IoT) has become increasingly widely employed for a variety of reasons. In response to the rapid growth of technology and the need for efficient management of connected devices, solutions such as real-time analysis, security, and data management have been developed.
The market is divided into solutions and services based on the component. As clients’ security worries about IoT solutions grow, the security solution is the fastest growing in the IoT device management market. Data security becomes increasingly difficult as more devices in an IoT system are connected to one another due to device non-standardization and incompatibility. Furthermore, because there are so many different protocols, programs, and devices, hackers/attackers have an easier time carrying out illicit actions.
In the market, there are three deployment models: public cloud, private cloud, and hybrid cloud. During the forecast period, the hybrid cloud deployment technique is likely to develop at the fastest CAGR, cutting total costs while providing clients with extremely flexible and extendable access. To assist clients save money on infrastructure, vendors provide a hybrid cloud-based deployment strategy. Security remains a significant barrier to mainstream use; however, third-party security testing to the highest standards is rapidly removing this danger.
IoT Device Management Market: Competitive Landscape
The following companies are some of the top players in the global IoT Device Management market: Advantech Co. Ltd., Aeris Communications LLC, Amazon Web Services Inc., Amplia Soluciones S.L, AVSystem, Bosch.io GmbH, Cumulocity GmbH, Huawei Technologies Co. Ltd., GE Digital, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Particle Industries Inc., PTC Inc., Silicon Laboratories Inc., Smith Micro Software Inc., Site
The Global IoT Device Management market is segmented as follows:
Real-Time streaming analytics
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