IoT Device Management Market Analysis

Device Type (Industrial IoT Devices, Wearables, Smart Home Devices)

The industrial IoT devices segment is slated to account for a dominant revenue share of 42.5% by the end of 2037. The growth is attributed to a surge in the adoption of automation as well as predictive maintenance technologies in multiple sectors. Additionally, successful use cases have indicated that predictive maintenance systems powered by IIoT devices can assist in the reduction of operational costs. The reduction is estimated to be over 18%, as per the U.S. Department of Energy, as per a report published in 2024. Additionally, with major players such as GE Digital and Siemens investing heavily in IIoT for smart factories, the segment is poised to exhibit robust growth throughout the forecast timeline.

Connectivity (Wi-Fi, Cellular, Bluetooth, LPWAN)

The wi-fi segment is projected to poised to hold a 35.7% revenue share during the forecast period. A major factor driving the growth is the rapid rollout of Wi-Fi 6 and Wi-Fi 6E technologies. For instance, the Wi-Fi Alliance released a report with an estimate that the global adoption of Wi-Fi 6 is projected to exceed 75% by the end of 2027, by leveraging its ability to support higher speed with reduced latency. This makes Wi-Fi ideal for high-demand IoT environments, creating lucrative opportunities for adoption. Moreover, in the wider connectivity market, the rising push for smart homes and smart factories are set to create a burgeoning demand for Wi-Fi, which in turn supports the deployment of IoT device management systems.

Our in-depth analysis of the global market includes the following segments: