HOME Top Market Reports IoT Device Management Market by Solution (Real-Time Streaming Analysis, Security Solutions, Data Management, Remote Monitoring, Network Bandwidth Management), Service, Application Area, Deployment Model, and Organization Size - Global Forecast to 2022

IoT Device Management Market by Solution (Real-Time Streaming Analysis, Security Solutions, Data Management, Remote Monitoring, Network Bandwidth Management), Service, Application Area, Deployment Model, and Organization Size - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: TC 5256

 

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The Internet of Things (IoT) device management market size is expected to grow from USD 693.4 Million in 2017 to USD 2,559.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 29.8% from 2017 to 2022.

Objectives of the Study

The main objective of this report is to define, describe, and forecast the IoT device management market on the basis of solutions, services, organization sizes, and deployment models, along with applications, and regions. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report also attempts to forecast the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments, such as joint ventures, mergers and acquisitions, and new product developments in the IoT device management market.

The research methodology used to estimate and forecast the IoT device management market begins with collection and analysis of data on key vendor revenues through secondary research, such as annual reports and press releases, investor presentations of companies, conferences and associations, such as Institute of Electrical and Electronic Engineers (IEEE): Conferences on Network And Device Management, EAI International Conference on Interoperability in IoT, technology journals, certified publications, and articles from recognized authors, directories, and databases. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the market from the revenue of key players (companies) and their shares in this market. The IoT device management market spending across all regions, along with the geographical split in the various verticals, using various solutions and associated services was considered to arrive at the overall market size. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

IoT Device Management Market

To know about the assumptions considered for the study, download the pdf brochure

The IoT device management ecosystem comprises vendors providing IoT device management solutions to their commercial clients across the globe. Companies, such as Microsoft Corporation (US), PTC Incorporation (US), Telit Communications PLC (UK), IBM Corporation (US), Oracle Corporation (US), Smith Micro Software, Inc. (US), Advantech Co. Ltd. (China), Aeris (US), and Zentri (US) have adopted new partnerships, agreements, and collaborations as their key strategies to enhance their market reach. This strategy accounted for the largest share of the total strategies adopted by the market players.

Key Target Audience

  • IoT device management solution vendors
  • Third-party system integrators
  • IoT device management professionals and consultants
  • Managed service providers and middleware companies
  • Machine-to-Machine (M2M), IoT, and telecommunication companies
  • Consultancy firms/advisory firms
  • Regulatory agencies
  • Investors and venture capitalists

 “Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The research report segments the IoT device management market into the following submarkets:

By Component

  • Solution
  • Service

By Solution

  • Real-Time streaming analytics
  • Security solution
  • Data management
  • Remote monitoring
  • Network bandwidth management

By Service

  • Professional services
  • Managed services

By Organization Size

  • Large Enterprises
  • Small and Medium-Sized Enterprises (SMEs)

By Deployment

  • Public cloud
  • Private cloud
  • Hybrid cloud

By Application Area

  • Smart retail
  • Connected health
  • Connected logistics
  • Smart utilities
  • Smart manufacturing
  • Others

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American market into the US and Canada
  • Further breakdown of the European market into the UK, Germany, and France

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Size
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 26)
    4.1 Attractive Market Opportunities in IoT Device Management Market
    4.2 IoT Device Management: Market Share of the Top Three Solutions and Regions, 2017
    4.3 Lifecycle Analysis, By Region 2017
    4.4 Market Investment Scenario
    4.5 Market Deployment Models, 2017–2022

5 Market Overview and Industrial Trends (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Proliferation of Intelligent Connected Devices
                    5.2.1.2 Critical Need for Converged Device Management Platform
                    5.2.1.3 Advent of Intelligent Sensors and Adoption of Lwm2m
                    5.2.1.4 Adoption of Device and Vendor Agnostic Platform
           5.2.2 Restraints
                    5.2.2.1 Absence of Uniform IoT Standards for Interoperability
           5.2.3 Opportunities
                    5.2.3.1 Rising Demand for Cloud-Based Device Management Platform
                    5.2.3.2 Increasing Adoption of Byod and Cyod Among Enterprises
           5.2.4 Challenges
                    5.2.4.1 Real-Time Complexity, Dynamic Environment, and Lack of Compatibility and Connectivity
                    5.2.4.2 Security of Data and Privacy Concerns
    5.3 IoT Device Management: Features and Functionalities
    5.4 Strategic Benchmarking

6 IoT Device Management Market Analysis, By Component (Page No. - 39)
    6.1 Introduction

7 IoT Device Management Market Analysis, By Solution (Page No. - 42)
    7.1 Introduction
    7.2 Real-Time Streaming Analytics
    7.3 Security Solutions
    7.4 Data Management
    7.5 Remote Monitoring
    7.6 Network Bandwidth Management

8 IoT Device Management Market Analysis, By Service (Page No. - 49)
    8.1 Introduction
    8.2 Professional Services
           8.2.1 Integration Services
           8.2.2 Support and Maintenance
           8.2.3 Consulting Services
    8.3 Managed Services

9 IoT Device Management Market Analysis,  By Organization Size (Page No. - 57)
    9.1 Introduction
    9.2 Large Enterprises
    9.3 Small and Medium-Sized Enterprises

10 IoT Device Management Market Analysis,  By Deployment Model (Page No. - 61)
     10.1 Introduction
     10.2 Public Cloud
     10.3 Private Cloud
     10.4 Hybrid Cloud

11 IoT Device Management Market Analysis,  By Application Area (Page No. - 66)
     11.1 Introduction
     11.2 Smart Retail
     11.3 Connected Health
     11.4 Connected Logistics
     11.5 Smart Utilities
     11.6 Smart Manufacturing
     11.7 Others

12 Geographic Analysis (Page No. - 74)
     12.1 Introduction
     12.2 North America
     12.3 Europe
     12.4 Asia-Pacific
     12.5 Middle East and Africa
     12.6 Latin America

13 Vendor Dive Analysis (Page No. - 96)
     13.1 Introduction
             13.1.1 Vanguards
             13.1.2 Innovators
             13.1.3 Dynamic
             13.1.4 Emerging
     13.2 Competitive Benchmarking
             13.2.1 Product Offerings
             13.2.2 Business Strategies

14 Company Profiles (Page No. - 100)
(Business Overview, Products & Services, Key Insights, Recent Developments,)*
     14.1 Advantech Co., Ltd.
     14.2 Aeris
     14.3 Amplia Soluciones S.L.
     14.4 Cumulocity GmbH
     14.5 Enhanced Telecommunications Inc.
     14.6 International Business Machines Corporation
     14.7 Microsoft Corporation
     14.8 Oracle Corporation
     14.9 PTC Incorporation
     14.10 Smith Micro Software, Inc.
     14.11 Telit Communications PLC 
     14.12 Wind River
     14.13 Xively
     14.14 Zentri

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 152)
     15.1 Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details


List of Tables (70 Tables)

Table 1 IoT Device Management Market Size, By Component, 2015–2022 (USD Million)
Table 2 Market Size, By Solution, 2015–2022 (USD Million)
Table 3 Solution: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Real-Time Streaming Analytics: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Security Solutions: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Data Management: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Remote Monitoring: Market Size, By Region,  2015–2022 (USD Million)
Table 8 Network Bandwidth Management: Market Size,  By Region, 2015–2022 (USD Million)
Table 9 IoT Device Management Market Size, By Service, 2015–2022 (USD Million)
Table 10 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Market Size, By Professional Service, 2015–2022 (USD Million)
Table 12 Professional Services: Market Size, By Region,  2015–2022 (USD Million)
Table 13 Integration Services Market Size, By Region, 2015–2022 (USD Million)
Table 14 Support and Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 15 Consulting Services Market Size, By Region, 2015–2022 (USD Million)
Table 16 Managed Services: Market Size, By Region,  2015–2022 (USD Million)
Table 17 IoT Device Management Market Size, By Organization Size, 2015–2022 (USD Million)
Table 18 Organization Size: Market Size, By Region,  2015–2022 (USD Million)
Table 19 Large Enterprises: Market Size, By Region,  2015–2022 (USD Million)
Table 20 Small and Medium-Sized Enterprises: IoT Device Management Market Size,  By Region 2015–2022 (USD Million)
Table 21 Market Size By Deployment Model, 2015–2022 (USD Million)
Table 22 Deployment Model: Market Size, By Region,  2015–2022 (USD Million)
Table 23 Public Cloud: Market Size, By Region, 2015–2022 (USD Million)
Table 24 Private Cloud: Market Size, By Region, 2015–2022 (USD Million)
Table 25 Hybrid Cloud: Market Size, By Region, 2015–2022 (USD Million)
Table 26 Market Size By Application Area, 2015–2022 (USD Million)
Table 27 Application Area: Market Size, By Region, 2015–2022 (USD Million)
Table 28 Smart Retail: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Connected Health: Market Size, By Region,  2015–2022 (USD Million)
Table 30 Connected Logistics: Market Size, By Region,  2015–2022 (USD Million)
Table 31 Smart Utilities: Market Size, By Region, 2015–2022 (USD Million)
Table 32 Smart Manufacturing: Market Size, By Region,  2015–2022 (USD Million)
Table 33 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 34 Asia Pacific is Expected to Exhibit the Highest CAGR in the Market During the Forecast Period
Table 35 IoT Device Management Market Size, By Region, 2015–2022 (USD Million)
Table 36 North America: Market Size, By Component,  2015–2022 (USD Million)
Table 37 North America: Market Size, By Solution, 2015–2022 (USD Million)
Table 38 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 39 North America: Market Size, By Professional  Service, 2015–2022 (USD Million)
Table 40 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 41 North America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 42 North America: Market Size, By Application Area, 2015–2022 (USD Million)
Table 43 Europe: IoT Device Management Market Size, By Component, 2015–2022 (USD Million)
Table 44 Europe: Market Size, By Solution, 2015–2022 (USD Million)
Table 45 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 46 Europe: Market Size, By Professional Service,  2015–2022 (USD Million)
Table 47 Europe: Market Size, By Organization Size,  2015–2022 (USD Million)
Table 48 Europe: Market Size, By Deployment Model,  2015–2022 (USD Million)
Table 49 Europe:Market Size, By Application Area, 2015–2022 (USD Million)
Table 50 Asia Pacific: IoT Device Management Market Size, By Component, 2015–2022 (USD Million)
Table 51 Asia Pacific: Market Size, By Solution, 2015–2022 (USD Million)
Table 52 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 53 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 54 Asia Pacific: Market Size, By Organization Size,  2015–2022 (USD Million)
Table 55 Asia Pacific: Market Size, By Deployment Model,  2015–2022 (USD Million)
Table 56 Asia Pacific: Market Size, By Application Area,  2015–2022 (USD Million)
Table 57 Middle East and Africa: IoT Device Management Market Size, By Component, 2015–2022 (USD Million)
Table 58 Middle East and Africa: Market Size, By Solution, 2015–2022 (USD Million)
Table 59 Middle East and Africa: Market Size, By Service,  2015–2022 (USD Million)
Table 60 Middle East and Africa: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 61 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 62 Middle East and Africa: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 63 Middle East and Africa: Market Size, By Application Area, 2015–2022 (USD Million)
Table 64 Latin America: IoT Device Management Market Size, By Component,  2015–2022 (USD Million)
Table 65 Latin America: Market Size, By Solution, 2015–2022 (USD Million)
Table 66 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 67 Latin America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 68 Latin America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 69 Latin America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 70 Latin America: Market Size, By Application Area,  2015–2022 (USD Million)
 
 
List of Figures (64 Figures)
 
Figure 1 Market Segmentation
Figure 2 IoT Device Management Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 IoT Device Management Market: Assumptions
Figure 8 North America is Expected to Hold the Largest Market Share in 2017
Figure 9 Fastest- Growing Segments of the Market in 2017
Figure 10 Professional Services is Estimated to Hold the Major Market Share in 2017
Figure 11 Proliferation of Connected Devices and Advent of Intelligent Sensors are Expected to Drive the Market During the Forecast Period
Figure 12 Data Management Solution is Estimated to Hold the Largest Market Share in 2017
Figure 13 Regional Lifecycle Analysis (2017): Asia Pacific is Expected to Grow at the Significant Pace During the Forecast Period
Figure 14 Market Investment Scenario: Asia Pacific is Expected to Emerge as the Best Market for Investments in the Next Five Years
Figure 15 Hybrid Cloud is Expected to Grow at the Highest CAGR During  the Forecast Period
Figure 16 Market Drivers, Restraints, Opportunities, and Challenges
Figure 17 IoT Device Management Features
Figure 18 IoT Device Management Market: Strategic Benchmarking
Figure 19 Services Segment is Expected to Grow at A Higher CAGR Than Solution During the Forecast Period
Figure 20 Data Management is Expected to Dominate the IoT Device Management Solutions Segment the Forecast Period
Figure 21 Professional Service Segment is Expected to Dominate the Services Market During the Forecast Period
Figure 22 Integration Service is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Large Enterprises Segment in Expected to Dominate the Market During the Forecast Period
Figure 24 Hybrid Cloud is Expected to Have the Highest Growth Rate During the Forecast Period
Figure 25 Smart Manufacturing Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 26 Asia Pacific: an Attractive Destination in the IoT Device Management Market, 2017–2022
Figure 27 North America: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Dive Chart
Figure 30 Advantech Co., Ltd.: Company Snapshot
Figure 31 Advantech Co., Ltd.: Product Offering Scorecard
Figure 32 Advantech Co., Ltd.: Business Strategy Scorecard
Figure 33 Aeris: Product Offering Scorecard
Figure 34 Aeris: Business Strategy Scorecard
Figure 35 Amplia Soluciones S.L.: Product Offering Scorecard
Figure 36 Amplia Soluciones S.L.: Business Strategy Scorecard
Figure 37 Cumulocity GmbH: Product Offering Scorecard
Figure 38 Cumulocity GmbH: Business Strategy Scorecard
Figure 39 Enhanced Telecommunications Inc.: Product Offering Scorecard
Figure 40 Enhanced Telecommunications Inc.: Business Strategy Scorecard
Figure 41 International Business Machines Corporation: Company Snapshot
Figure 42 International Business Machines Corporation: Product Offering
Figure 43 International Business Machines Corporation: Business Strategy
Figure 44 Microsoft Corporation: Company Snapshot
Figure 45 Microsoft Corporation: Product Offering Scorecard
Figure 46 Microsoft Corporation: Business Strategy Scorecard
Figure 47 Oracle Corporation: Company Snapshot
Figure 48 Oracle Corporation: Product Offering Scorecard
Figure 49 Oracle Corporation: Business Strategy Scorecard
Figure 50 PTC Incorporation: Company Snapshot
Figure 51 PTC Inc.: Product Offering Scorecard
Figure 52 PTC Inc.: Business Strategy Scorecard
Figure 53 Smith Micro Software, Inc.: Company Snapshot
Figure 54 Smith Micro Software, Inc.: Product Offering Scorecard
Figure 55 Smith Micro Software, Inc.: Business Strategy Scorecard
Figure 56 Telit Communications PLC: Company Snapshot
Figure 57 Telit Communications PLC: Product Offering Scorecard
Figure 58 Telit Communications PLC: Business Strategy Scorecard
Figure 59 Wind River: Product Offering Scorecard
Figure 60 Wind River: Business Strategy Scorecard
Figure 61 Xively: Product Offering Scorecard
Figure 62 Xively: Business Strategy Scorecard
Figure 63 Zentri: Product Offering Scorecard
Figure 64 Zentri: Business Strategy Scorecard

MarketsandMarkets forecasts the IoT device management market size to grow from USD 693.4 Million in 2017 to USD 2,559.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 29.8%. The growing proliferation of connected devices, advent of sensors, and need for a convergent IoT device management platform are some of the driving factors for the growth of Internet of Things (IoT) device management market.

The IoT device management market is segmented by solution, service, organization size, deployment model, application area, and region. The service segment is expected to grow at a higher CAGR during the forecast period, because services help organizations to easily deploy the software on cloud. The services segment is further categorized into professional services and managed services. Furthermore, the professional services segment is classified into consulting service, support and maintenance, and integration services. The integration service segment is growing at a rapid pace as compared to the other professional service segments, owing to the lack of standardization and increase in diverse protocols, and connectivity technologies and devices.

The security solution is the fastest growing in the IoT device management market, as security concerns are increasing among clients who are deploying IoT solutions. As numerus devices are connected to each other in an IoT system, the security of data becomes complex due to the non-standardization and non-compatibility of devices. Additionally, it is easier for hackers/attackers to perform malicious activities due to such varied protocols, applications, and devices. Thus, IoT solution vendors are investing large capitals in Research and Development (R&D) of security solutions, as security is also one of the major challenges faced by organizations while deploying IoT solutions.

The hybrid cloud deployment model is expected to grow at the highest CAGR during the forecast period. It helps reduce the overall cost, while providing highly flexible and scalable access to the clients. The vendors are providing hybrid cloud-based deployment model to reduce the infrastructure cost for the clients. Security remains a critical issue that restricts its adoption; however, this issue is gradually being eradicated through rigorous security tests of highest standards by third parties.

The Small and Medium-Sized Enterprises (SMEs) segment is expected to grow at the highest CAGR in the IoT device management market during the forecast period. Organizations with an employee range between 100 and 1,000 are categorized under SMEs. SMEs face some specific challenges, such as requirement of domain-specific technical personnel and skilled workforce, budget constraint, and limited economies of scale. The increasing competition has prompted SMEs to invest in this disruptive technology and adopt go-to-market strategies to make efficient decisions for the business growth.

The application area segment is categorized into smart manufacturing, connected logistics, smart utilities, connected health, smart retail, and other segments. The IoT device management solutions are widely used in production, procurement, and storage of goods/materials, owing to which, the smart manufacturing application area is expected to dominate the IoT device management market.

North America is expected to hold the largest market share and Asia Pacific (APAC) is growing at the highest CAGR in the market, however Middle East and Africa (MEA) and Latin America are still in their initial phase of introduction. The lack of Information Technology (IT) infrastructure and finance are some of the major factors restraining the growth of IoT device management in these regions.

IoT Device Management Market

North America is estimated to hold the largest market share and expected to dominate the IoT device management market from 2017 to 2022. This region has the major dominance with sustainable and well-established economies, empowering the region to strongly invest in Research and Development (R&D) activities, thereby contributing to the development of new technologies in IoT security and analytics. Further, the government’s support and heavy investments by various well-established organizations are driving the growth of the market in the North American region.

APAC has witnessed the highest CAGR in the IoT device management market, owing to the dynamic adoption of smart cities and the increasing investment by government toward IoT initiatives. Countries, such as Japan, China, Singapore, Australia, and India are gaining traction and taking various initiatives, in terms of R&D and supporting IoT deployments in utilities, and manufacturing and retail.

Despite the rapid adoption of IoT device management in various application areas, the continuous exposure to security issues and lack of standardization are some of the challenging factors for the growth of this market.

The IoT device management market is rapidly gaining traction, which is evident from the recent developments, new product launches, and acquisitions by the major market players, such as IBM Corporation, Microsoft Corporation, PTC Inc., Oracle Corporation, and Cumulocity GmBH. The market study also measures and evaluates the offerings of key vendors in the market, along with vendors who are offering highly innovative offerings, such as Xively, Particle, Einfochips, and Wind River Systems.

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