IoT Device Management Market Size, Demand & Top Market Players Report By 2025 “The laparotomy sponge market is expected to grow at a CAGR of 7.6% during the forecast period. Rising cases of abdominal diseases in geriatric population, leading to frequent need for surgeries is triggering the market growth in the forecast period.”
Global IoT Device Management Market size is expected to reach USD 5.1 billion by 2025. The IoT (internet of things) represents a complex system of networks, interfaces, devices, protocols, platforms, and data. IoT devices range from actuators, sensors, gateways, and embedded software/hardware within products and assets. IoT device management consists of multiple operating systems & varieties of communication protocols and methods conducting smooth functioning of smart devices. The IoT Device Management market is expected to register a CAGR of 28.3% in the upcoming period as the scope, product types, and its applications are increasing across the globe. By component, the market is bifurcated into services and solutions. The “services” segment is anticipated to hold the largest market share in the upcoming period. This segment includes managed and professional services. The “solutions” segment accounted for the highest market share in 2016 and is expected to witness high growth rate in the forthcoming years. This segment is further segmented into data management, security solutions, real-time analytics, network bandwidth management and remote monitoring.
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