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IoT Device Management Market Trends

  • Report ID: 3021
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

IoT Device Management Market Trends

Growth Drivers

  • Increasing investments of government toward IoT initiatives
  • Increasing industrialization and adoption of smart cities

Challenges

  • Lack of standardization
  • Continuous exposure to security issues

IoT Device Management Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

34.7%

Base Year Market Size (2023)

USD 2.41 billion

Forecast Year Market Size (2036)

USD 115.82 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Author Credits:  Abhishek Verma


  • Report ID: 3021
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising innovative technologies and increasing industrialization and adoption of smart cities are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Lack of standardization, continuous exposure to security issues and lack of IT infrastructure are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increasing industrialization and adoption of smart cities.

The major players dominating the global IoT device management market are Microsoft Corporation, PTC Inc., Oracle Corporation, Cumulocity GmBH, IBM Corporation, Cisco and among others.
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