IoT Device Management Market Research Report by Component (Service and Solution), Deployment, Application, Region (Americas, Asia-Pacific, and Europe,.
/PRNewswire/ As per Zion Market Research study, The global IoT Device Management market was worth around USD 1,295.10 million in 2021 and is estimated to.
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The Global IoT Device Management Market is expected to grow at a robust rate of around 22% during the forecast period. The Global IoT Device Management Market is driven by the increasing incidences of cybercrimes and cyber threats which has led to the increase in security concerns within enterprises. This in turn increases the need to deploy IoT solutions for ensuring organizational safety and security thereby driving the growth of the Global IoT Device Management Market during forecast period. Additionally, the increasing penetration of communication and networking technologies further fosters the market growth. Furthermore, the extensive adoption of sensors is expected to create lucrative opportunities for the market growth through 2026. However, lack of IT infrastructure and finances in the emerging countries can hamper the market growth over the next few years. Moreover, lack of standardization also impe