The global demand for IoT Network Management Market is presumed to reach the market size of nearly USD 22.5 BN by 2028 from USD 4.91 BN in 2021 with a CAGR of 12.4% under the study period 2022 - 2028.
IoT network management describes the procedures involved in delivering, conforming, setting up, storing, keeping track of, and troubleshooting connected devices that are part of an IoT environment. IoT network management makes it simple to locate devices using various criteria, including the device ID, condition, and kind. Appliances can be grouped into hierarchical structures based on function, security needs, or other classifications appropriate for organizations as per IoT network management.
Market Dynamics
The market for IoT network management is anticipated to increase due to the rapidly growing demand for IoT solutions across all industrial sectors and the benefits offered by this network, like networked computing, marketing automation, and distribution network analytics. Furthermore, as communication and networking technologies become more prevalent and the need for digitalization grows, more people are using IoT and cloud-based technology services, which is a driving factor for the IoT network management market growth. Additionally, there is room for development in IoT device administration, like better productivity, real-time device monitoring and upgrading, higher customer dependability, and data security, which offers growth potential for the market of IoT network management. However, issues with the device's data security and lack of compatibility & connectivity may restrain the IoT network management market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of iot network management. The growth and trends of iot network management industry provide a holistic approach to this study.
Market Segmentation
This section of the iot network management market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Solution
- IoT Network Management Platform (On-Premise Cloud-Based)
- Services (Professional Service Managed Services)
By Enterprise Size
- Large Enterprises
- Small And Mid-Sized Enterprises (SMEs)
By Industry
- Manufacturing
- IT & Telecom
- BFSI
- Healthcare
- Transport & Logistics
- Energy & Utilities
- Retail
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the IOT Network Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global IoT Network Management Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the iot network management market include Cisco, kyndryl, Behrtech, IBM, Sierra Wireless, RAKwireless, Commscope, Proscend, Particle Industries Inc, Aeris, Datadog, Senet, Juniper Networks. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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