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IoT Device Management Market Size Worth $5.1 Billion by 2025: Grand View Research, Inc.SAN FRANCISCO, March 21, 2018 /PRNewswire/ -- The global IoT device management market size is anticipated to reach USD 5.1 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 28.3% CAGR during the forecast period. Growing demand for IoT services, need for digitalization, and increasing penetration of communication and networking technologies are expected to drive the market over the coming years. (Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO ) In the past few years, the industry has witnessed increasing investments in R&D activities for development of technologically advanced IoT systems. This has increased the popularity of IoT devices management products. Major application sectors in the market include device provisioning, monitoring, administration, and diagnostics. The security solutions segment is projected to exhibit the highest growth rate over the forecast years. The market is witnessing increasing use of security solutions for connected devices. Advantages bestowed by the technology include higher efficiency in device monitoring, diagnostics, and analytics. Key market participants in the market include IBM Corporation; Aeris Communications, Inc.; Microsoft Corporation; Bosch Software Innovations; Oracle Corporation; PTC; and Advantech Co. Ltd. Vendors in the IoT market are likely to witness robust demand for connected device management over the forecast years, owing to increasing technological advancements. Browse full research report with TOC on "IoT Device Management Market Size, Share & Trends Analysis Report By Component (Solutions, Services), By Solution, By Service, By Organization Size (SME, Large Enterprise), By Vertical, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/iot-device-management-market Further Key Findings From the Report Suggest:
Grand View Research has segmented the global IoT device management market based on component, solution, service, organization size, vertical, and region:
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/technology About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Web: https://www.grandviewresearch.com |