The global IoT device management market is estimated to witness a significant CAGR during the forecast period (2019-2026). The growth of the IoT device management market is anticipated to increase with the proliferation of intelligent connected devices, along with other factors, such as critical need for converged device management platform, adoption of device and vendor agnostic platforms among others. The market is also expected to grow owing to increase in the penetration of communication and networking technologies and the requirement for real-time analytics, connected assets, and security of machines; are some of the driving factors behind the growth in the market. These devices support provisioning and authentication, configuration and control, software updates and maintenance, and monitoring and diagnostics of connected devices, which is expected to boost the growth in the global IoT device management market. Absence of Uniform IoT Standards for interoperability and growing incidence of cybercrime are some of the factors expected to hamper the growth of global IoT device management market.
