How big is the IoT Device Management Market?

The IoT Device Management Market size is expected to reach USD 7.21 billion in 2024 and grow at a CAGR of 21.92% to reach USD 19.40 billion by 2029. Read More

What is the current IoT Device Management Market size?

In 2024, the IoT Device Management Market size is expected to reach USD 7.21 billion. Read More

Who are the key players in IoT Device Management Market?

Microsoft Corporation, Smith Micro Software, Inc., Advantech Co., Ltd., Bosch Software Innovations GmbH and IBM Corporation are the major companies operating in the IoT Device Management Market. Read More

Which is the fastest growing region in IoT Device Management Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in IoT Device Management Market?

In 2024, the North America accounts for the largest market share in IoT Device Management Market. Read More

What years does this IoT Device Management Market cover, and what was the market size in 2023?

In 2023, the IoT Device Management Market size was estimated at USD 5.91 billion. The report covers the IoT Device Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the IoT Device Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

IoT Device Management Market - Internet of Things

IoT Device Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Device Management IoT Market is segmented by component (Solutions (Security Solutions, Data Management, Remote Monitoring), services (Professional Services, Managed Services), Organization Size (Small and Medium-Sized Enterprises (SMEs), Large Enterprises), end-user vertical (Retail, Healthcare, Utilities, Transportation & Logistics, Manufacturing), and geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

IoT Device Management Industry Overview

The IoT Device Management Market is competitive. The widespread use of IoT across industry verticals has resulted in a boom in the number of opportunities that the industry offers. Though dominated by a few significant players in the market as of now, the market is expected to witness the entry of several players as the depth of IoT applications across industries increases. Most businesses use various marketing tactics to increase their market share. To ensure an ideal place in the global IoT Device management services, the vendors on the market are competing on price, quality, brand, and product and service differentiation.

In January 2023, Tech Mahindra and Microsoft announced a strategic collaboration to enable global cloud-powered 5G core network modernization for telecom operators. The 5G core network transformation will help telecom operators to develop 5G core use cases and meet their customers' growing technological (Augmented Reality (AR), Virtual Reality (VR), IoT (Internet of Things), and edge computing) requirements. It will enable them to modernize, optimize, and secure business operations and develop green networks with reduced costs and a faster time to market.

In June 2022, Advantech Co., Ltd., and Actility announced the collaboration for the Launch an Edge Solution-Ready Package to Deploy Enterprise IoT LoRaWAN Networks, on customer premises, by combining advanced and ruggedized Advantech IPC with embedded Actility software, bringing a highly reliable and secure career-grade service with extended compatibility with gateways, cloud platforms, and devices, this integrated solution aims at meeting the needs of the fast-growing industrial automation market, by allowing businesses to deploy their IoT use cases in a simplified, quicker et more efficient way, thus accelerating the realization of Industry 4.0