IoT Network Management Market Projected to Record a CAGR

IoT Network Management Market Projected to Record a CAGR

NEWARK, Del, June 24, 2022 (GLOBE NEWSWIRE) — According to an analysis of the IoT network management industry by Future Market Insights (FMI), the registered demand in the IoT network management market will grow at a notable CAGR of about 23.3% from 2022-2032. The report states that the market is expected to reach a valuation of US$5.1 Bn by the end of 2022.

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. .

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.

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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.

“Different functionalities of internet of things network management helps maintain network performance. Increased adoption of internet of things Network management platforms in large enterprises will drive growth in the market during the forecast period.” says an IMF analyst.

Key takeaways:

  • 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 anticipated to grow 8.9 times during the forecast period.
  • In industry terms, the healthcare segment is forecast 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 28%. .4% CAGR during the forecast period.

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More valuable information about internet of things Network management market

Future Market Insight’s report on the IoT Network Management market industry research is segmented into four main sections: Solution (Network Management Platform (On-premises and Cloud-based) and Services (Professional Services and Managed Services) ), company size (large companies and SMEs), industry (manufacturing, IT and telecommunications, BFSI, healthcare, transport and logistics, energy and utilities, retail 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 network management demand landscape.

Segments:

By solution:

  • IoT network management platform
  • Services
    • Professional service
    • Managed services

By company size:

  • Big enterprises
  • Small and Medium Enterprises (SMEs)

By industry:

  • Manufacturing
  • IT and telecommunications
  • BFSI
  • Health care
  • Transport and logistics
  • Energy and utilities
  • Retail sale
  • Others

By region:

  • North America
  • Latin America
  • Europe
  • east asian
  • South Asia and the Pacific
  • Middle East and Africa (MEA)

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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 Network Management Innovation / Development Trends

4. Price Analysis

4.1. Price analysis, by solution

4.2. Global Average Price Analysis Comparison

5. Classification of internet of things Network management solutions

5.1. Network management protocols

5.2. cloud-based frameworks

5.3. SDN-based frameworks

5.4. Semantics-based frameworks

5.5. Machine learning based frameworks

6. COVID-19 impact analysis

6.1. Impact of COVID-19 on the growth of IoT network management

6.2. Market growth before COVID-19

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

6.4. Key Action Points for IoT Network Management Providers

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About us  

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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