IoT Device Management Market to reach $29.5 Billion, Globally, by 2032 at 30.2% CAGR: Allied Mar…>
– CISION
The global IoT Device Management Market is projected to reach USD 29.5 billion by 2032 at a Compound Annual Growth Rate (CAGR) of 30.2% during the forecast period.
Due to the unprecedented growth of the market, it is projected to witness a robust growth in the near future.
Factors such as the rising demand for IoT devices and the increasing demand for IoT-based services are expected to propel the market growth.
Moreover, rising consumer preference for smart homes and growing demand for advanced business models are also driving the market.
According to the Allied Market Research report, the market is expected to register a significant CAGR of over 30% during the forecast period 2021-2032.
IoT device management solutions enable organizations and companies to manage, monitor, and control the connected devices through appropriate software and hardware resources.
This tool helps in managing the devices connected to the Internet, such as consumer electronics, connected cars, appliances, medical equipment, and industrial equipment.
The demand for smart devices is expected to be driven by factors such as the intensifying competition among companies, the rising need for efficient customer service, and the rapid technological advancements in the field of data networks.
The increasing demand for cloud computing and the rising popularity of connected
Link: https://roboticulized.com/artificial-intelligence/2023/09/05/138459/iot-device-management-market-to-reach-29-5-billion-globally-by-2032-at-30-2-cagr-allied-market-research/