IoT Network Management Market 2022 Research, Segmentation, Key Players Analysis and Forecast to 2032
NEWARK, NEWARK, UNITED STATES OF AMERICA, June 28, 2022 /EINPresswire.com/ — According to the analysis of the IoT network management industry by Future Market Insights (FMI), the demand registered in the IoT Network Management Market it will grow at a remarkable CAGR of around 23.3% between 2022 and 2032. The report states that the market is expected to reach a valuation of US$5.1 Bn by the end of 2022 and US$41.5 Bn by 2032.
IoT networks are rapidly expanding around the world, allowing businesses and industries to control and/or monitor a wide range of smart devices. With any network technology, speed and responsiveness are crucial for accurate and reliable IoT device performance.
IoT networks, on the other hand, have a variety of network performance issues due to the presence of resource-constrained and heterogeneous devices that communicate over error-prone radio channels and are frequently deployed in harsh environments. .
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The Internet of Things (IoT) tangibly solves important business problems in a variety of industries. Healthcare, smart cities, building management, utilities, transportation, and manufacturing are among the early adopters of this technology, demonstrating its many advantages.
But the number of cyber threats and attacks targeting IoT devices and networks is increasing in both number and complexity. Attacks such as IoT botnets, DNS threats, IoT ransomware, IoT physical security, and IoT shadow are on the rise on IoT devices, connected software, and network connections.
Combining IoT solutions with edge processing technology helps minimize vulnerabilities, as edge security helps protect users and sensitive data. Therefore, there is a greater need to protect devices and the network and use them to strengthen network security. As a result, companies are implementing IoT network management solutions to protect devices against new security threats.
– By solution, demand in the network management platform segment is expected to grow at a CAGR of 24.4% through 2032.
– Based on company size, the SME segment is projected to grow 8.9x during the forecast period.
– In industry terms, the healthcare segment is projected to grow at a CAGR of 29.9% between 2022 and 2032.
– By region, North America accounted for the largest market share of around 32.3% in the IoT network management market in 2021, while the South Asia-Pacific region is showing the largest growth of around 32.3% 28.4% CAGR during the forecast period.
IoT network management providers are focusing on strategies such as product innovation to enhance their offerings and enhance their product portfolios to meet growing demand. Additionally, several companies are partnering with technology experts to create their own IoT network management solutions. For example:
In March 2021, BehrTech collaborated with WEPTECH, a pioneer in the development and manufacturing of cutting-edge wireless communication technologies, launched a MYTHINGS-certified cost-effective gateway for Mioty, which is a next-generation LPWAN protocol.
In March 2022, a strategic partnership was established between Sierra Wireless and T-Mobile to strengthen Sierra Wireless’ IoT connectivity solutions by combining IoT network management tools with LPWA, 5G AND 4G LTE coverage of Sierra Wireless’ powerful mobile network. T Mobile.
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key players. main players
IoT Network Management Perspective by Category
IoT network management platform
By company size:
Small and Medium Enterprises (SMEs)
IT and telecommunications
Transport and logistics
Energy and utilities
South Asia and the Pacific
Middle East and Africa (MEA)
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