IoT Device Management Platform Market Size to Value

IoT Device Management Platform Market Size to Value

NEWARK, Del, June 13, 2022 (GLOBE NEWSWIRE) — According to analysis of the IoT device management platform by Future Market Insights (FMI), demand in the market will increase at a healthy CAGR of 24.4% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 4,463.5 Minnesota by the end of 2022. Sales are expected to be driven by factors such as the general development of network and IoT systems, increased concerns regarding network security, growing need to track health, etc. .

IoT device management systems allow organizations to collect and analyze data. It also functions as a bridge between the perimeter network and downstream user data servers and business applications, which is also expected to increase growth.

An IoT network and device management platform provides centralized management, seamless provisioning, and real-time insights into all current devices and integrations to help organizations stay on top of their deployment. The IoT device management platform is integrated with a strong and affordable wireless solution, which allows users to easily expand network and IoT solutions at reduced cost and complexity, therefore, all these advantages that the management platform offers of IoT devices are contributing to the growth of the market.

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Wearable technology such as smart watches have huge potential in the IoT space and for many businesses. Fitness and lifestyle-based businesses will primarily find this trend advantageous, considering the fact that various smartwatches and wearables are being combined with health and fitness tracking options.

Wearable IoT devices could be used to protect and monitor heart attacks, monitor EMG sensors for stroke patients, and monitor asthma. The IoT device management platform offers features such as real-time device tracking, secure connectivity and data collection, cross-application/device data integration, over-the-air software updates, and sensor data analytics for smart wearable devices. Therefore, the development of wearable IoT technology is increasing the demand for smart wearable devices.

The agricultural industry is one of the main industries for the adoption of IoT technologies for a wide scale of applications such as smart irrigation, activation of frost fans, automated feeding systems for tracking tanks and feed containers and other mechanized procedures. The predictive analytics function offered by IoT device for smart farming is the top trend in the agriculture industry as it helps farmers make plans related to crop production and storage, marketing approach and risk management. .

According to the Business Application Research Center (BARC) report, the adoption of IoT devices in the agricultural industry reached US$75 million in 2020, growing around 20% annually. Smart agriculture based on IoT technologies allows farmers to reduce waste and improve productivity, from the amount of fertilizers used to the number of trips farm vehicles have made, and enables well-organized use of resources such as electricity, water, etc.

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“Demand for internet of things Device management platforms are on the rise in the manufacturing industry as these platforms help monitor both the equipment configuration and the output of each production step, giving manufacturers greater assurance of analyzing device issues. quality at the source. The adoption of IIoT (Industrial Internet of Things) in the manufacturing industry and the increasing use of technologies such as 5G, AI and Big Data will continue to drive demand.” says an IMF analyst.

Key takeaways:

  • By solution, the IoT device management platform segment is anticipated to account for the leading share of global IoT device management platform demand in 2022.
  • By company size, the small and medium business segment is projected to grow at a strong CAGR of 26.0% until 2032.
  • By industry, the healthcare segment is anticipated to grow at a CAGR of 33.1% between 2022 and 2032.
  • Europe is expected to progress to the highest CAGR of around 33.0% followed by South Asia and the Pacific in 2032.
  • The market in Japan is expected to progress at a CAGR of around 27.8% until 2032.
  • In India, sales are expected to grow at a CAGR of around 34.0% for the next ten years.

internet of things Outlook device management platform by category
By solution:

  • IoT device management platform
  • Services
    • Professional services
      • Consultant
      • Integration and Deployment
      • Support and maintenance
    • Managed services

By company size:

  • Big enterprises
  • Small and Medium Enterprises (SMEs)

By industry:

  • Manufacturing
  • IT and telecommunications
  • Government
  • Health care
  • Transport and logistics
  • Energy and Public Services
  • Retail sale

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Table of Contents

1. Executive Summary

1.1. World Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key market trends

3.1. Key trends affecting the market

3.2. IoT Device Management Platform Innovation / Development Trends

4. Price Analysis

4.1. IoT device management platform, pricing models

4.2. Global Average Price Analysis Comparison

5. COVID-19 impact analysis

5.1. Impact of COVID-19 on the growth of the IoT device management platform

5.2. Market growth before COVID-19 (2017-2019)

5.3. Expected Recovery Scenario (Short Term/Medium Term/Long Term)

5.4. Key Action Points for IoT Device Management Platform Providers

6. World internet of things Device management platform market demand (in US dollar value) billion) Analysis 2017-2021 and Forecast, 2022-2032

6.1. Historical Market Value Analysis (US$ Bn), 2017-2021

6.2. Projections of current and future market value (US$ Bn), 2022-2032

Click here to see the complete IoT Device Management Platforms Market Table of Contents with 380 page report

More valuable information about internet of things Device Management Platform Market
Future Market Insight’s report on IoT device management platform research is segmented into four main sections: solutions (IoT device management platform (cloud-based and on-premises) and services (professional services (consulting, integration and implementation, and support and maintenance) and managed services)), company size (small and medium-sized businesses (SMBs) and large enterprises), industry (manufacturing, IT and telecommunications, energy and utilities, health care, government, retail, transportation and logistics, and others), and region (North America, Latin America, Europe, East Asia, South Asia and Pacific, and Middle East and Africa), to help readers understand and assess lucrative opportunities in the IoT device management platform landscape.

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Future Market Insights (ESOMAR-certified market research organization and member of the Greater New York Chamber of Commerce) provides detailed insights into the factors driving market demand lift. Reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end use over the next 10 years.

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