Global Internet of Things (IoT) Device Management Market to Reach US$32.9 Billion by 2030
The global market for Internet of Things (IoT) Device Management estimated at US$6.8 Billion in the year 2023, is expected to reach US$32.9 Billion by 2030, growing at a CAGR of 25.2% over the analysis period 2023-2030. Solutions Component, one of the segments analyzed in the report, is expected to record a 23.2% CAGR and reach US$15.2 Billion by the end of the analysis period. Growth in the Services Component segment is estimated at 27.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$2.0 Billion While China is Forecast to Grow at 24.5% CAGR
The Internet of Things (IoT) Device Management market in the U.S. is estimated at US$2.0 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$5.0 Billion by the year 2030 trailing a CAGR of 24.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 22.0% and 21.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 17.5% CAGR.
Global Internet of Things (IoT) Device Management Market - Key Trends and Drivers Summarized
Why Is Internet of Things (IoT) Device Management Critical for Scaling IoT Deployments?
IoT device management is essential for organizations to monitor, control, and secure large networks of connected devices. As IoT ecosystems grow, managing the lifecycle of these devices—from provisioning and authentication to software updates and maintenance—becomes increasingly complex. IoT device management solutions enable businesses to ensure that their devices are operating correctly, securely, and efficiently. These solutions also facilitate remote management and troubleshooting, reducing the need for on-site interventions. IoT device management is crucial in sectors such as smart cities, industrial automation, and healthcare, where large numbers of devices must be monitored and maintained to ensure continuous and reliable operations.
How Are Technological Advancements Shaping the IoT Device Management Market?
Technological advancements in cloud computing, artificial intelligence, and cybersecurity are enhancing IoT device management capabilities. Cloud-based IoT device management platforms allow businesses to manage and update devices remotely, ensuring that large-scale deployments remain secure and operational without physical intervention. AI-driven analytics are being integrated into device management platforms to predict failures and automate corrective actions, reducing downtime and improving system reliability. Additionally, advancements in cybersecurity, such as end-to-end encryption and secure firmware updates, are addressing the growing concerns around IoT security, ensuring that connected devices remain protected from cyberattacks. These technological innovations are making IoT device management more efficient, scalable, and secure.
How Do Market Segments Define the Growth of the IoT Device Management Market?
Key components include software platforms and services, with software platforms leading the market as businesses rely on these solutions to manage large networks of devices. Deployment models include cloud, on-premises, and hybrid solutions, with cloud-based platforms gaining significant traction due to their scalability and ease of use. Industry verticals include smart cities, healthcare, manufacturing, and transportation, with smart cities emerging as a major growth area as municipalities adopt IoT solutions to improve urban infrastructure and services. The market is growing rapidly in regions like Asia-Pacific and North America, where IoT deployments are expanding across industries.
What Factors Are Driving the Growth in the IoT Device Management Market?
The growth in the IoT device management market is driven by several factors, including the increasing number of IoT devices, the need for remote management capabilities, and advancements in cloud-based technologies. As IoT networks expand, businesses are adopting device management solutions to ensure that devices remain operational, secure, and updated. The rise of cloud computing is also fueling market growth by making it easier for organizations to manage devices remotely, regardless of geographic location. Additionally, the growing emphasis on cybersecurity is driving the adoption of IoT device management solutions that offer secure firmware updates and threat detection, ensuring that connected devices remain protected from cyberattacks.
Select Competitors (Total 169 Featured) -
- Advantech Co, Ltd.
- Aeris Communications, Inc.
- Bosch Software Innovations GmbH
- Cumulocity GmBH
- Einfochips
- Enhanced Telecommunications Inc.
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Oracle Corporation
- Particle
- PTC Inc.
- SAP SE
- Smith Micro Software, Inc.
- Wind River Systems
- Xively
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Internet of Things (IoT) Device Management - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Rising Number of Connected Devices Drives Growth in IoT Device Management Market
- Technological Advancements in Remote Device Monitoring Strengthen Business Case for IoT Device Management
- Growing Focus on Device Security and Compliance Propels Adoption of IoT Device Management Solutions
- Expansion of Industrial IoT and Smart Manufacturing Fuels Demand for Device Management Platforms
- Increasing Need for Firmware Updates and Device Lifecycle Management Expands Market Potential
- Focus on Real-Time Device Monitoring and Analytics Drives Adoption of IoT Device Management Solutions
- Rising Use of IoT Device Management in Fleet and Asset Tracking Expands Addressable Market
- Growing Adoption of Device Management Solutions in Healthcare and Wearable Devices Spurs Growth
- Focus on Automated Device Provisioning and Onboarding Fuels Market Demand
- Technological Innovations in Cloud-Based Device Management Solutions Propel Market Growth
- Rising Demand for Device Management Solutions in Smart Cities and Public Infrastructure Expands Market
- Increasing Use of AI and Machine Learning in Device Management Systems Expands Market Potential
- Expansion of Edge Device Management Solutions Fuels Growth in IoT Device Management Market
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 2: World 7-Year Perspective for Internet of Things (IoT) Device Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
- TABLE 3: World Recent Past, Current & Future Analysis for Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 4: World 7-Year Perspective for Solutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 6: World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Smart Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 8: World 7-Year Perspective for Smart Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 9: World Recent Past, Current & Future Analysis for Smart Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 10: World 7-Year Perspective for Smart Utilities by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Connected Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 12: World 7-Year Perspective for Connected Logistics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 13: World Recent Past, Current & Future Analysis for Smart Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 14: World 7-Year Perspective for Smart Retail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 15: World Recent Past, Current & Future Analysis for Connected Health by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 16: World 7-Year Perspective for Connected Health by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 17: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 18: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 19: World Internet of Things (IoT) Device Management Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
- UNITED STATES
- Internet of Things (IoT) Device Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 20: USA Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 21: USA 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 22: USA Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 23: USA 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- CANADA
- TABLE 24: Canada Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 25: Canada 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 26: Canada Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 27: Canada 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- JAPAN
- Internet of Things (IoT) Device Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 28: Japan Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 29: Japan 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 30: Japan Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 31: Japan 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- CHINA
- Internet of Things (IoT) Device Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 32: China Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 33: China 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 34: China Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 35: China 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- EUROPE
- Internet of Things (IoT) Device Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 36: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 37: Europe 7-Year Perspective for Internet of Things (IoT) Device Management by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
- TABLE 38: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 39: Europe 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 40: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 41: Europe 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- FRANCE
- Internet of Things (IoT) Device Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 42: France Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 43: France 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 44: France Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 45: France 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- GERMANY
- Internet of Things (IoT) Device Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 46: Germany Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 47: Germany 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 48: Germany Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 49: Germany 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- ITALY
- TABLE 50: Italy Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 51: Italy 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 52: Italy Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 53: Italy 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- UNITED KINGDOM
- Internet of Things (IoT) Device Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 54: UK Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 55: UK 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 56: UK Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 57: UK 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- REST OF EUROPE
- TABLE 58: Rest of Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 59: Rest of Europe 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 60: Rest of Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 61: Rest of Europe 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- ASIA-PACIFIC
- Internet of Things (IoT) Device Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 62: Asia-Pacific Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 63: Asia-Pacific 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 64: Asia-Pacific Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 65: Asia-Pacific 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
- REST OF WORLD
- TABLE 66: Rest of World Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 67: Rest of World 7-Year Perspective for Internet of Things (IoT) Device Management by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2024 & 2030
- TABLE 68: Rest of World Recent Past, Current & Future Analysis for Internet of Things (IoT) Device Management by Application - Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 69: Rest of World 7-Year Perspective for Internet of Things (IoT) Device Management by Application - Percentage Breakdown of Value Sales for Smart Manufacturing, Smart Utilities, Connected Logistics, Smart Retail, Connected Health and Other Applications for the Years 2024 & 2030
IV. COMPETITION