IoT device management refers to the processes involving the provisioning and authenticating, configuring, maintaining, monitoring, and diagnosing connected devices operating as part of an IoT environment to provide and support the whole spectrum of their functional capabilities. The global IoT Device Management market is expected to grow at a sound pace in the times to follow.
The astounding rise in numbers of IoT devices in several industrial sectors, and the increasing complexity of IoT security, are prime factor that boosts the growth of the IoT Device Management market. Furthermore, rapid growth in industrial IoT verticals of Industry 4.0. have increasingly boosted the uptake in recent years. Hence, due to the rapidly growing uptake of IoT-enabled technologies and devices, the IoT device management market is expected to propel in the coming years.
In addition, the rapidly increasing deployment of IoT devices in consumer markets has been offering attractive ways to the expansion of the IoT device management market. Further, the increasing deployment of IoT devices in smart home technologies, particularly among consumers in developing and developed countries. As well, the rising popularity of edge computing and artificial intelligence is opening huge prospects in the market. All these key factors majorly contribute towards the growth of the global IoT Device Management market.
On the downside, rising threats of cyber-attacks due to security lapses in IoT technology are impeding the demand, this factor may restrain the growth of the market. Apart from this, rapid developments in the IoT device management market to overcome security challenges, particularly by better IoT device onboarding and provisioning, are anticipated to reveal new prospects in the market.
Covid-19 Impact on IoT Device Management Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
IoT Device Management Market Segment Overview
Based on Organization Size, Large Enterprises is the major segment in the global IoT Device Management market. The rising focus on research and development and application of innovative technologies in the day-to-day workflow, and large capital base provide an opportunity for larger enterprises to implement IoT device management systems to a greater extent to facilitate their operations, which is anticipated to boost the IoT device management market in the forthcoming period.
Furthermore, the IoT device management market is gaining demand from several industries such as financial institutions, healthcare, manufacturing, transportation, and logistics. Thus, an important role played by digital operating mechanisms in these sectors in recent times is expected to ensure steady demand from the IoT device management market.
IoT Device Management Market, By Organization Size
· Large Enterprises
· Small and Medium Sized Enterprises
IoT Device Management Market, By Deployment
· Public Cloud
· Private Cloud
· Others
IoT Device Management Market, By Application
· Smart Manufacturing
· Smart Home
· Smart Utilities
· Smart Retail
· Connected Health
· Smart Transportation
· Others
IoT Device Management Market, By Solution
· Security Solution
· Data Management
· Remote Monitoring
· Network Bandwidth Management
· Others
IoT Device Management Market Regional Overview
Geographically, North America held the dominant share in the global IoT device management market. This is mainly due to the greater concentration of smart homes and widespread adoption of smart technology in manufacturing and healthcare in this region. Similarly, the market in the Asia Pacific is expected to rise at a notable rate during the forecast period. This is because of the dynamic adoption of smart cities and the growing investment by the government toward IoT initiatives. In addition, countries, such as Japan, China, Singapore, Australia, and India are gaining traction and taking several initiatives, in terms of R&D and supporting IoT deployments in utilities, and manufacturing and retail. This key fact remarkably contributes to the market development in this region.
IoT Device Management Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
IoT Device Management Market Competitor overview
Some key developments and strategies adopted by manufacturers in IoT Device Management are highlighted below.
· In September 2021, JFrog Ltd. the Liquid Software company, announced the acquisition of Upswift, the creators of connected device management software for developers. The combined companies aim to deliver the industry’s first complete development-to-device platform that bridges the gap between current IoT software silos and common DevOps processes, such as dependency scanning, CI/CD, artifact management, shifting left for application security, software distribution and more.
· In September 2021, Ark Electronics has entered into a strategic partnership with Pelion. The collaboration will accelerate innovation in IoT connectivity, simplifying the deployment of connected devices across the globe. This partnership combines the wireless connectivity and device management platform services, of Pelion with the end-to-end manufacturing and engineering expertise of Ark Electronics, providing a total connected solution for 'smart' device global deployments.
IoT Device Management Market, Key Players
· Robert Bosch GmbH
· ARM Ltd.
· HP
· Intel Corporation
· IBM Corporation
· Oracle Corporation
· Microsoft Corporation
· Smith Micro Software
· SAP SE.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global IoT Device Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Organization Size
- 5.2.1. Large Enterprises
- 5.2.2. Small and Medium Sized Enterprises
- 5.3. Market Analysis, Insights and Forecast – By Deployment
- 5.3.1. Public Cloud
- 5.3.2. Private Cloud
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Smart Manufacturing
- 5.4.2. Smart Home
- 5.4.3. Smart Utilities
- 5.4.4. Smart Retail
- 5.4.5. Connected Health
- 5.4.6. Smart Transportation
- 5.4.7. Others
- 5.5. Market Analysis, Insights and Forecast – By Solution
- 5.5.1. Security Solution
- 5.5.2. Data Management
- 5.5.3. Remote Monitoring
- 5.5.4. Network Bandwidth Management
- 5.5.5. Others
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America IoT Device Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Organization Size
- 6.2.1. Large Enterprises
- 6.2.2. Small and Medium Sized Enterprises
- 6.3. Market Analysis, Insights and Forecast – By Deployment
- 6.3.1. Public Cloud
- 6.3.2. Private Cloud
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Smart Manufacturing
- 6.4.2. Smart Home
- 6.4.3. Smart Utilities
- 6.4.4. Smart Retail
- 6.4.5. Connected Health
- 6.4.6. Smart Transportation
- 6.4.7. Others
- 6.5. Market Analysis, Insights and Forecast – By Solution
- 6.5.1. Security Solution
- 6.5.2. Data Management
- 6.5.3. Remote Monitoring
- 6.5.4. Network Bandwidth Management
- 6.5.5. Others
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe IoT Device Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Organization Size
- 7.2.1. Large Enterprises
- 7.2.2. Small and Medium Sized Enterprises
- 7.3. Market Analysis, Insights and Forecast – By Deployment
- 7.3.1. Public Cloud
- 7.3.2. Private Cloud
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Smart Manufacturing
- 7.4.2. Smart Home
- 7.4.3. Smart Utilities
- 7.4.4. Smart Retail
- 7.4.5. Connected Health
- 7.4.6. Smart Transportation
- 7.4.7. Others
- 7.5. Market Analysis, Insights and Forecast – By Solution
- 7.5.1. Security Solution
- 7.5.2. Data Management
- 7.5.3. Remote Monitoring
- 7.5.4. Network Bandwidth Management
- 7.5.5. Others
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific IoT Device Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Organization Size
- 8.2.1. Large Enterprises
- 8.2.2. Small and Medium Sized Enterprises
- 8.3. Market Analysis, Insights and Forecast – By Deployment
- 8.3.1. Public Cloud
- 8.3.2. Private Cloud
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Smart Manufacturing
- 8.4.2. Smart Home
- 8.4.3. Smart Utilities
- 8.4.4. Smart Retail
- 8.4.5. Connected Health
- 8.4.6. Smart Transportation
- 8.4.7. Others
- 8.5. Market Analysis, Insights and Forecast – By Solution
- 8.5.1. Security Solution
- 8.5.2. Data Management
- 8.5.3. Remote Monitoring
- 8.5.4. Network Bandwidth Management
- 8.5.5. Others
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa IoT Device Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Organization Size
- 9.2.1. Large Enterprises
- 9.2.2. Small and Medium Sized Enterprises
- 9.3. Market Analysis, Insights and Forecast – By Deployment
- 9.3.1. Public Cloud
- 9.3.2. Private Cloud
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Smart Manufacturing
- 9.4.2. Smart Home
- 9.4.3. Smart Utilities
- 9.4.4. Smart Retail
- 9.4.5. Connected Health
- 9.4.6. Smart Transportation
- 9.4.7. Others
- 9.5. Market Analysis, Insights and Forecast – By Solution
- 9.5.1. Security Solution
- 9.5.2. Data Management
- 9.5.3. Remote Monitoring
- 9.5.4. Network Bandwidth Management
- 9.5.5. Others
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Robert Bosch GmbH
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. ARM Ltd.
- 10.6. HP
- 10.7. Google
- 10.8. Intel Corporation
- 10.9. IBM Corporation
- 10.10. Oracle Corporation
- 10.11. Microsoft Corporation
- 10.12. Smith Micro Software
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
