Global Internet of Things (IoT) Device Management Market Size Study & Forecast, by Component (Solution and Services), Deployment Mode, Enterprise Size, End Use, and Regional Forecasts 2025-2035

The Global Internet of Things (IoT) Device Management Market is valued at approximately USD 4.2 billion in 2024 and is poised to grow at an impressive CAGR of more than 36.5% throughout the forecast period 2025-2035. IoT device management refers to the processes, tools, and platforms that allow organizations to provision, configure, monitor, and maintain connected devices at scale. As enterprises accelerate digital transformation strategies, the need to handle billions of interconnected devices has intensified. This surge is driven by industries leveraging IoT to streamline operations, boost productivity, and deliver new value-added services. Rising investments in smart city projects, expanding edge computing deployments, and growing 5G rollouts are further amplifying the adoption of IoT device management solutions worldwide.

The escalating demand for automation across industries has significantly pushed IoT adoption, and in turn, the demand for efficient device management systems. These platforms play a pivotal role in ensuring data integrity, enabling over-the-air firmware updates, enhancing device security, and supporting predictive maintenance. For instance, the International Data Corporation (IDC) reported that the global installed base of IoT devices surpassed 14 billion in 2022 and is projected to double by 2030. This exponential device growth underscores the indispensable role of management platforms. However, the market faces constraints in terms of interoperability challenges, high implementation costs, and growing concerns around cybersecurity, which could hinder adoption in certain regions during the forecast window.

The detailed segments and sub-segments included in the report are:

By Component:
• Solution
• Services

By Deployment Mode:
• Cloud
• On-Premise

By Enterprise Size:
• Large Enterprises
• Small & Medium Enterprises (SMEs)

By End Use:
• Manufacturing
• Healthcare
• Energy & Utilities
• Automotive & Transportation
• Retail & E-commerce
• BFSI
• Government & Public Sector
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Within the market landscape, the solution segment is projected to dominate throughout the forecast horizon, commanding the largest share. Solutions such as device provisioning, security management, remote monitoring, and analytics have become indispensable for enterprises that are scaling their IoT ecosystems. Large enterprises, in particular, continue to prioritize robust solutions to manage diverse device fleets, optimize uptime, and safeguard against cyber risks. In contrast, the services segment, which includes professional and managed services, is anticipated to record the fastest growth. Increasing reliance on third-party expertise to customize, integrate, and maintain IoT platforms is driving demand across SMEs and emerging markets.

From a revenue perspective, the cloud deployment mode currently leads the market, benefiting from its flexibility, scalability, and cost-effectiveness. Cloud-based device management platforms enable enterprises to oversee vast IoT infrastructures in real time, with minimal upfront infrastructure investments. This dominance is further reinforced by the rapid growth of SaaS-based IoT platforms offered by technology giants. On the other hand, the on-premise segment remains significant, especially in highly regulated industries such as healthcare and government, where stringent data security and compliance requirements necessitate in-house infrastructure. Thus, while cloud holds the largest share today, on-premise deployments continue to cater to specialized, high-security use cases.

Geographically, North America dominated the IoT device management market in 2025, driven by its advanced digital infrastructure, high adoption of connected technologies, and concentration of leading IoT platform providers. The region’s strong regulatory framework around data security and privacy further accelerates reliance on professional device management solutions. Asia Pacific, however, is forecasted to grow at the fastest pace during the period, propelled by rapid urbanization, industrial automation, and government-led digital initiatives in economies like China, India, and Japan. Europe continues to play a vital role, particularly in automotive and smart manufacturing applications, while Latin America and the Middle East & Africa are steadily catching up with investments in smart city projects and telecom infrastructure upgrades.

Major market players included in this report are:
• Cisco Systems, Inc.
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• Amazon Web Services, Inc.
• Hewlett Packard Enterprise (HPE)
• PTC Inc.
• Siemens AG
• SAP SE
• Intel Corporation
• Smith Micro Software, Inc.
• Telit IoT Platforms, LLC
• Advantech Co., Ltd.
• AT&T Inc.
• Huawei Technologies Co., Ltd.

Global Internet of Things (IoT) Device Management Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained above.

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand side and supply side analysis of the market.

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