Global IoT Device Management Market Trends, Forecast Report 2025-2037
IoT Device Management Market size was valued at USD 3.7 billion in 2024 and is poised to exceed USD 156.8 billion by the end of 2037, registering over 35% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of IoT device management is estimated at USD 4.6 billion.
The market’s growth curve is fueled by improvements in cloud-based management solutions. The expansion of 5G connectivity across the world has driven the demand for scalable and energy-efficient IoT systems. The table below highlights a few key projections of the global market:
|
Source |
Data/Findings |
|
U.S. National Institute of Standards and Technology (NIST) |
By the end of 2025, the number of connected IoT devices is projected to exceed 30 billion globally. |
|
U.S. Department of Commerce (NTIA) |
By the end of 2025, IoT devices in the U.S. will grow to over 10.5 billion, with the largest sectors being manufacturing, smart cities, and healthcare." |
|
International Telecommunication Union (ITU) |
5G adoption is expected to connect 1.6 billion IoT devices globally by the end of 2025. |
The market’s growth can be measured with key indicators such as the 5G Adoption Index, the Cybersecurity Vulnerabilities Index, and the Semiconductor Shortage Index, among others. Trends forecast that several businesses are seeking efficient management solutions that can handle their share of the surging number of connected devices worldwide. An additional supportive trend is the rising vulnerabilities among IoT devices, leading to a greater demand for device management systems. The table below highlights a brief analysis of key market indicators:
|
Indicator |
Ongoing Trends |
|
Semiconductor Shortage Index |
Increased demand for efficient device management due to component scarcity |
|
Cloud Infrastructure Growth Index |
Rising adoption of cloud-based IoT management platforms |
|
Cybersecurity Vulnerabilities Index |
Increased need for security features in device management |
|
5G Adoption and Coverage Index |
Improved connectivity for large-scale IoT networks |
|
IoT Device Deployment Rate |
Accelerating adoption of IoT devices across industries |
|
Regulatory Compliance Index |
Greater focus on compliance, driving adoption of compliant management solutions |
|
Energy Efficiency Index |
Increased demand for energy-optimized IoT device management |
With the expansion of the IoT device management market, a significant percentage of investment opportunities have emerged for both established stakeholders as well as new entrants. The potential is vast for companies to deploy the next-generation of IoT management platforms that can handle large volumes of data whilst effectively managing the complex network of connected devices. Through continuous innovation, stakeholders can leverage the growth curve of the IoT device management sector, which is slated to remain steady throughout the anticipated timeline.
