IoT device management Market Trends, Competitor Analysis and Regional Share Report to 2028

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IoT device management Market Trends, Competitor
Analysis and Regional Share Report to 2028
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• Industry Insights

• As the number of IoT devices grows, the need for
  managing the complexity of their sensors,
  endpoints, and gateways has been escalating
  worldwide. The IoT device management market is
  therefore slated to witness a positive growth
  trajectory, considering the rapid integration of
  IoT devices into network infrastructures to
  achieve extensive functionality.
• In 2021, there were above 10 billion active IoT
  devices, as per iPropertyManagement.coms
  statistics. This number is further anticipated to
  surpass 25.4 billion in 2030, generating
  opportunities for IoT device management market
  growth over the years. Even during the COVID-19
  pandemic, IoT has been playing a pivotal role in
  patient monitoring through smart devices and
  intertwined networks, thereby boosting the
  requirement for IoT system management.
• For example, in April 2022, Global Telecom
  unveiled its universal IoT management platform to
  help innovators enhance resource alignment,
  consistent optimization, and cost savings. This
  GTIoT Management Platform was designed to offer a
  low-cost, cloud-based IoT solution for
  enterprises with vast wireless devices in their
  network, enabling reliable and efficient
  management of the IoT network.

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• To streamline development, simplify design, and
  accelerate time-to-market for varied IoT
  solutions, electrical systems providers are
  introducing IoT device management systems with
  enhanced security features.
• A notable example is the launch of the ELS62
  series by Thales in February 2022, which aligned
  with its 360 approach, to provide strong
  cybersecurity and flexible connectivity options
  for IoT device manufacturers. Its small-sized
  feature makes it suitable for medical wearables,
  home alarm systems, and other sensitive smart
  devices, thus augmenting the application scope of
  the IoT device management market. The module also
  has integrated security features to safeguard
  against cyber-attacks with robust data encryption
  and authentication.
• Over the years, there has been an increasing need
  to integrate and build tools to develop a
  centralized interface for the management of edge
  and IT device software stacks, ranging from
  security updates to remote access. In keeping
  with this, cloud service vendors are making
  targeted efforts to boost their IoT device
  management capabilities.

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• Competitive Analysis

• Some of the players operating in the IoT device
  management market are Advantech Co. Ltd., Aeris
  Communications LLC, Amazon Web Services Inc.,
  Amplia Soluciones S.L, AVSystem, Bosch.io GmbH,
  Cumulocity GmbH, Huawei Technologies Co. Ltd., GE
  Digital, Google LLC, IBM Corporation, Microsoft
  Corporation, Oracle Corporation, Particle
  Industries Inc. PTC Inc.,Silicon Laboratories
  Inc., Smith Micro Software Inc., SiteWhere LLC,
  Telite Communications PLC, Vodafone Group PLC,
  VMware Inc., and Wind River Systems Inc.

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