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(IT-NEWSWIRE.COM, November 03, 2017 ) According to Publisher, the Global IoT Device Management market is expected to grow from $461.24 million in 2016 to reach $3,125.68 million by 2023 with a CAGR of 31.4%. Some of the factors propelling the market growth include growing acceptance of device and vendor agnostic platforms, rising demand for converged device management platform and expansion of intelligent connected devices. However, privacy issues and lack of uniform IoT standards required for interoperability are restricting the market.
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The demand for IoT devices have acquired largest market share in small and medium-sized enterprises as these devices helps in making efficient decisions in business areas. By deployment model, public cloud is leading the market with the highest CAGR and the growth can be attributed as many enterprises are adopting public cloud system which reduces the cost of data storage. Based on services, integration services is one of the fastest growing segments due to the rising number of protocols and connectivity technologies.
North America is dominating the global market due to government's support in implementing new technologies in IoT security and analytics. Asia Pacific is the fastest growing region and the growth in this region can be mainly attributed to rising investments of governments in IoT initiatives.
Some of the key players in global IoT Device Management market include Enhanced, Telecommunications Inc., Aeris, Telit Communications PLC, Advantech Co., Ltd., Oracle Corporation, Amplia Soluciones S.L., Xively, Cumulocity GmbH, Microsoft Corporation, Zentri, International Business Machines Corporation, Smith Micro Software, Inc., PTC Incorporation and Wind River.
Applications Covered:
-Connected Health
-Connected Logistics
-Smart Home
-Smart Manufacturing
-Smart Retail
-Smart Transportation
-Smart Utilities
-Other Applications
Services Covered:
-Professional Services
Consulting Services
Integration Services
Support and Maintenance
-Managed Services
Deployment Models Covered:
-Hybrid Cloud
-Private Cloud
-Public Cloud
Solutions Covered:
-Data Management
-Network Bandwidth Management
-Real-Time Streaming Analytics
-Remote Monitoring
-Security Solutions
Organization Sizes Covered:
-Small and Medium-Sized Enterprises
-Large Enterprises
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Regions Covered:
-North America
US
Canada
Mexico
-Europe
Germany
UK
Italy
France
Spain
Rest of Europe
-Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
-South America
Argentina
Brazil
Chile
Rest of South America
-Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
Company Profiling
12.1 Enhanced Telecommunications Inc.
12.2 Aeris
12.3 Telit Communications PLC
12.4 Advantech Co., Ltd.
12.5 Oracle Corporation
12.6 Amplia Soluciones S.L.
12.7 Xively
12.8 Cumulocity GmbH
12.9 Microsoft Corporation
12.10 Zentri
12.11 International Business Machines Corporation
12.12 Smith Micro Software, Inc.
12.13 PTC Incorporation
12.14 Wind River
For more information about this report: http://www.reportsweb.com/iot-device-management-global-market-outlook-2017-2023
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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