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Global IoT Device Management Market Size, Share, Analysis, Forecast: By Component: Solution, Services; By Enterprise Size: Large Enterprises, Small and Medium Enterprises (SMEs); By End Use: Manufacturing, Retail, Healthcare, Transportation, Utilities, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global IoT Device Management Market Outlook
The global IoT device management market size reached approximately USD 2.95 billion in 2023. The market is projected to grow at a CAGR of 28.8% between 2024 and 2032, reaching a value of around USD 28.88 billion by 2032.
Key Trends in the Market
IoT device management encompasses all the activities involved with the management and maintenance of Internet of things (IoT) devices. It allows the user or service provider to efficiently register and organise a large number of devices, while also providing the ability to remotely diagnose and update the firmware of the device.
- The primary factor responsible for the global IoT device management market growth is the expansion of the IoT infrastructure through the addition of new devices, owing to the ongoing fourth industrial revolution. Companies around the world are increasingly digitising their operations to take advantage of various functions, including automation and real-time data access, to improve their overall efficiency.
- One of the major global IoT device management market trends is the increasing implementation of edge computing in IoT systems. Edge computing is increasingly becoming a groundbreaking practice in IoT as it enables the devices to perform various tasks such as data collection, processing, and analysis at the same location instead of sending the data to a cloud or data centre. This brings a strong solution to latency-related issues with the cloud and enables rapid analysis of data.
- The rising global availability of 5G network is also a key component responsible for the increasing global IoT device management market demand as the low latency and high network speed can allow faster communication and data sharing between IoT devices. In addition, IoT applications could gain greater access to the network's specific characteristics and customise them to suit the requirements of the particular use case.
Market Analysis
Based on components, the market can be segmented into solution and services. The global IoT device management market segmentation, based on enterprise size, includes large enterprises and small and medium enterprises (SMEs). The market divisions, based on end-use, include manufacturing, retail, healthcare, transportation, and utilities, among others. The major regional markets for IoT device management are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global IoT device management market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Robert Bosch GmbH
- Microsoft Corporation
- IBM Corporation
- Amazon Web Services, Inc.
- PTC Incorporation
- Oracle Corporation
- Amplía Soluciones S.L.
- Advantech Co., Ltd.
- Telit IoT Platforms, LLC
- Smith Micro Software, Inc.
- Others
Market Share by Component
In the forecast period, IoT device management solutions are likely to account for a major portion of the IoT device management market share owing to the growing need for efficiency in the increasingly competitive environment. IoT can aid companies in different areas, including management, real-time analysis, and accessibility. Moreover, numerous sectors nowadays rely on data to make intelligent decisions, which creates a need for proper IoT device networks for easy and accelerated data sharing.
Market Share by Enterprise Size
According to the IoT device management market analysis, large enterprises are expected to increase their investment in IoT infrastructure in the forecast period. The surge in adoption of IoT device management among large-scale enterprises aimed at effectively handling extensive customer databases as well as equipment and operational data is expected to significantly enhance the demand for services in different sectors. Additionally, the growth in this segment can be attributed to the increasing adoption of interconnected solutions, all managed and streamlined through a unified platform, to enhance various industrial processes.
Competitive Landscape
Robert Bosch GmbH is one of the most renowned IoT solution providers in the world. The company operates from Germany and deals with products such as auto spare parts, mobility, home appliances, and industrial products, as well as business process outsourcing, drive and control technology, energy, and building solutions. The company employs its expertise in providing innovative IoT solutions, software, sensor technology, and services to its customers from various sectors.
Microsoft Corporation is among the leading technology and software development companies in the world. The company has been active in the field since 1975 and has built its reputation as one of the most popular operating systems in the world, Windows. The company is also a leading figure in the gaming sector, providing video games and the XBOX gaming console.
IBM Corporation is a pioneer in the technological field, known for its expertise in various fields, including hardware, software, cloud computing services, and consulting services. The company was founded in 1911 and has been responsible for several technological innovations over the years. Notably, it played a significant role in the development of early computers.
Other global IoT device management market players include Amazon Web Services, Inc., PTC Incorporation, Oracle Corporation, Amplía Soluciones S.L., Advantech Co., Ltd., Telit IoT Platforms, LLC, and Smith Micro Software, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Enterprise Size |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global IoT Device Management Market Analysis
8.1 Key Industry Highlights
8.2 Global IoT Device Management Historical Market (2018-2023)
8.3 Global IoT Device Management Market Forecast (2024-2032)
8.4 Global IoT Device Management Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Real-time Streaming Analytics
8.4.1.3.2 Security Solutions
8.4.1.3.3 Data Management
8.4.1.3.4 Remote Monitoring
8.4.1.3.5 Network Bandwidth Management
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Professional Services
8.4.2.3.2 Managed Services
8.5 Global IoT Device Management Market by Enterprise Size
8.5.1 Large Enterprises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Small and Medium Enterprises (SMEs)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global IoT Device Management Market by End Use
8.6.1 Manufacturing
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Retail
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Healthcare
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Transportation
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Utilities
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global IoT Device Management Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America IoT Device Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe IoT Device Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific IoT Device Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America IoT Device Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa IoT Device Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Robert Bosch GmbH
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Microsoft Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 IBM Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Amazon Web Services, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 PTC Incorporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Oracle Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Amplía Soluciones S.L.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Advantech Co., Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Telit IoT Platforms, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Smith Micro Software, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global IoT Device Management Market: Key Industry Highlights, 2018 and 2032
2. Global IoT Device Management Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global IoT Device Management Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global IoT Device Management Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
5. Global IoT Device Management Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
6. Global IoT Device Management Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global IoT Device Management Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global IoT Device Management Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global IoT Device Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America IoT Device Management Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America IoT Device Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe IoT Device Management Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe IoT Device Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific IoT Device Management Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific IoT Device Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America IoT Device Management Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America IoT Device Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa IoT Device Management Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa IoT Device Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global IoT Device Management Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.95 billion.
The market is projected to grow at a CAGR of 28.8% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 28.88 billion by 2032.
The market is driven by the expanding network of connected devices and the increasing demand for IoT device management due to competition in different sectors around the world.
The growing implementation of edge computing and the widespread adoption of 5G technology are expected to propel the development of the market in the coming years.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different end uses are manufacturing, retail, healthcare, transportation, and utilities, among others.
The key players in the market are Robert Bosch GmbH, Microsoft Corporation, IBM Corporation, Amazon Web Services, Inc., PTC Incorporation, Oracle Corporation, Amplía Soluciones S.L., Advantech Co., Ltd., Telit IoT Platforms, LLC, and Smith Micro Software, Inc., among others.
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