IoT Device Management Market Share

Geographically, the IoT device management market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific industry is estimated to hold largest revenue share by 2036, owing to increasing industrialization, increasing investment of government and non-government organizations towards IoT initiatives.

Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing invest in Research and Development (R&D) activities, thereby contributing to the development of new technologies in IoT security and analytics. Further, the government’s support and heavy investments by various well-established organizations are driving the growth of the market in the North American region. Europe holds second place in the market as the European countries are highly focusing and investing in the maximum utilization of technology to boost the advancement across the industries.