Global IoT Device Management Market Report and Forecast 2024-2032

Global IoT Device Management Market Report and Forecast 2024-2032


Global IoT Device Management Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the IoT device management market size reached a value of USD 2.95 billion in 2023. Aided by the increasing adoption of Internet of Things (IoT) technologies and the growing need for efficient device management solutions, the market is projected to further grow at a CAGR of 28.8% between 2024 and 2032 to reach a value of USD 28.88 billion by 2032.

IoT device management refers to the processes and tools used to monitor, maintain, and secure IoT devices throughout their lifecycle. This includes provisioning, configuration, monitoring, and updating of devices to ensure optimal performance and security. IoT device management is critical for the effective operation of IoT ecosystems, enabling businesses to manage large-scale deployments and ensure the reliability and security of connected devices.

The increasing adoption of IoT technologies is driving the IoT device management market growth. With the rapid proliferation of connected devices across various sectors, there is a significant need for efficient device management solutions to handle the complexity and scale of IoT deployments. IoT device management solutions provide businesses with the tools and capabilities to monitor, manage, and secure their IoT devices, ensuring seamless operation and minimising downtime.

The rising trend of digital transformation and the growing adoption of smart technologies also play a significant role in the market's growth. As more businesses embrace digital transformation initiatives and integrate smart technologies into their operations, there is a growing need for IoT device management solutions to ensure the reliability and security of connected devices. These solutions enable businesses to manage their IoT devices more efficiently, optimize performance, and enhance security, driving their adoption across various sectors.

The expanding applications of IoT device management solutions in various sectors significantly contribute to the market's growth. In the manufacturing sector, IoT device management is used to monitor and manage industrial IoT devices, ensuring optimal performance and minimising downtime. These solutions enable manufacturers to gain real-time insights into their operations, improve efficiency, and enhance productivity, consequently driving up the IoT device management market share.

In the healthcare sector, IoT device management is employed to monitor and manage medical devices, ensuring compliance with regulatory requirements and improving patient care. The increasing adoption of connected medical devices and the growing focus on remote patient monitoring have driven the adoption of IoT device management solutions in the healthcare sector.

In the retail sector, IoT device management is used to monitor and manage connected devices such as smart shelves, digital signage, and point-of-sale systems. These solutions enable retailers to optimize their operations, improve customer experience, and enhance security. The growing adoption of smart technologies in the retail sector has further boosted the demand for IoT device management solutions.

As per the IoT device management market analysis, North America holds a significant share in the market, driven by the presence of leading technology companies and a well-established IoT ecosystem in the region. The increasing adoption of IoT technologies and the rising focus on digital transformation have boosted the demand for IoT device management solutions in North America. Moreover, the region's strong focus on cybersecurity and regulatory compliance further supports market growth.

The solution segment represents the largest component, driven by the high demand for comprehensive IoT device management software that enables efficient device monitoring, management, and security. Services, including implementation, support, and maintenance, are gaining traction as businesses seek to optimise their IoT device management solutions and ensure seamless integration with existing systems.

Market Segmentation

The market can be divided based on component, enterprise size, end use, and region

Market Breakup by Component
  • Solution
  • Real-time Streaming Analytics
  • Security Solutions
  • Data Management
  • Remote Monitoring
  • Network Bandwidth Management
  • Services
  • Professional Services
  • Managed Services
Market Breakup by Enterprise Size
  • Large Enterprises
  • Small and Medium Enterprises (SMEs)
Market Breakup by End Use
  • Manufacturing
  • Retail
  • Healthcare
  • Transportation
  • Utilities
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Latin America
  • Middle East and Africa
  • Asia Pacific
Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global IoT device management market. some of the major players explored in the report by expert market research are as follows:
  • Robert Bosch GmbH
  • Microsoft Corporation
  • IBM Corporation
  • Amazon Web Services, Inc.
  • PTC Incorporation
  • Oracle Corporation
  • Amplía Soluciones S.L.
  • Advantech Co., Ltd.
  • Telit IoT Platforms, LLC
  • Smith Micro Software, Inc.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global IoT Device Management Market Analysis
8.1 Key Industry Highlights
8.2 Global IoT Device Management Historical Market (2018-2023)
8.3 Global IoT Device Management Market Forecast (2024-2032)
8.4 Global IoT Device Management Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Real-time Streaming Analytics
8.4.1.3.2 Security Solutions
8.4.1.3.3 Data Management
8.4.1.3.4 Remote Monitoring
8.4.1.3.5 Network Bandwidth Management
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Professional Services
8.4.2.3.2 Managed Services
8.5 Global IoT Device Management Market by Enterprise Size
8.5.1 Large Enterprises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Small and Medium Enterprises (SMEs)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global IoT Device Management Market by End Use
8.6.1 Manufacturing
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Retail
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Healthcare
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Transportation
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Utilities
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global IoT Device Management Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America IoT Device Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe IoT Device Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific IoT Device Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America IoT Device Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa IoT Device Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Robert Bosch GmbH
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Microsoft Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 IBM Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Amazon Web Services, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 PTC Incorporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Oracle Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Amplía Soluciones S.L.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Advantech Co., Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Telit IoT Platforms, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Smith Micro Software, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global IoT Device Management Market: Key Industry Highlights, 2018 and 2032
2. Global IoT Device Management Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global IoT Device Management Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global IoT Device Management Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
5. Global IoT Device Management Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
6. Global IoT Device Management Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global IoT Device Management Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global IoT Device Management Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global IoT Device Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America IoT Device Management Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America IoT Device Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe IoT Device Management Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe IoT Device Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific IoT Device Management Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific IoT Device Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America IoT Device Management Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America IoT Device Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa IoT Device Management Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa IoT Device Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global IoT Device Management Market Structure

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