The global IoT network management market totaled US$ 5.1 Billion in 2022. The IoT network management market is expected to reach US$ 41.5 Billion by 2032, growing at a CAGR of 23.3% over the assessment period.
| Attributes | Details |
|---|---|
| IoT Network Management Market Estimated Size (2022) | US$ 5.1 Billion |
| Projected Market Valuation (2032) | US$ 41.5 Billion |
| Value-based CAGR% (2022 to 2032) | 23.3% |
| Top 5 Vendor Market Share | Around 32% |
IoT network management currently accounts for around 31% of the total IoT platform market. The Internet of Things (IoT) has gained a lot of traction because it encompasses wireless networks, intelligent gadgets like smart sensors and actuators, and cloud databases for communication that enable a wide range of applications and streamline existing processes across industries.
IoT networks are undergoing many challenges such as network congestion, device failures, and link quality degradation. Companies are focusing on IoT network management tools to mitigate network challenges and data privacy risks.
The vast nature of IoT networks necessitates complete control of the entire network, which is wired and wireless as devices seek access and transfer data to critical network components. Consistent connectivity is essential for IoT devices to function well, and this connectivity is dependent on having the smart IoT network infrastructure in place.
IoT low-power networks have caught the attention of various industries and to assure their proper functioning, various network management solutions are being preferred. IoT network management typically supports IoT network configuration management, topology management, security management, fault management, and IoT network maintenance.
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The IoT network management demand is estimated to grow at a CAGR of 23.3% between 2022 and 2032, in comparison with the CAGR of around 19.3% registered between 2017 to 2021. Growth can be attributed to the rising popularity of IoT network management solutions across enterprises in recent years as effective management of IoT networks is required to ensure good IoT network performance.
The goal of different industries such as financial, healthcare, energy, manufacturing, or the web is to digitize the company as quickly as possible. This enables businesses to take advantage of the numerous technologies that offer increased speed and agility.
IoT infrastructure encompasses a wide range of technologies. Network and security professionals are challenged by protocols, new data streams, security requirements, and backup methods. High volumes of network traffic create network management even more challenging, particularly when new IoT deployments come up. Also, IoT devices with poor security are easy targets for cyber-attacks. Thus, network-based IoT analytics is important to manage IoT infrastructure.
The IoT is critical to the development of smart cities. IoT is used in smart city development to establish a secure connection between sensors, gadgets, and networks across the city. Unique Identifiers (UIDs) are utilized to transport any information to any required network in any IoT system.
Smart city connectivity is frequently built on an IoT network that continuously provides data that is rich in information. IoT network management enables enterprises to successfully manage the complexities of large-scale IoT networks by streamlining device provisioning and authentication, network monitoring and diagnostics, as well as software maintenance and updates.
Since IoT networks are being rapidly deployed in smart cities, network management has become a critical component for achieving optimal network performance and ensuring high network availability.
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Low-power wide-area networks (LPWANs) are a new class of technologies for wireless communication designed for low-power, full-scale, and cost-effective communication from simple Internet of Things devices. Low-power wide area network technology delivers wide-area coverage that is needed by the granular wireless sensor networks.
It is consequently critical to managing IoT low-power networks to ensure that those networks are performing well. Thus, the network management solution supports to perform self-configuration of devices in order to deal with the complexity of today's IoT networks.
Rapid Emergence of Smart-ups in Germany Will Boost Sales of IoT Network Management
Europe is expected to remain the most attractive market during the forecast period. According to the study, Germany is predicted to create an absolute $ opportunity of US$ 1.1 Billion by 2032. The adoption of IoT network management platforms in mid-market companies is higher in Germany.
Enterprises in Germany are focusing on improving their business processes by deploying IoT. Enterprise and industrial IoT account for the majority of Germany's IoT investment, with the automotive and manufacturing industries accounting for the maximum share.
Rising Popularity of IoT Network Monitoring in the USA Will Fuel Growth
The demand for IoT network management solutions in the USA is expected to account for nearly 68.2% of the North American market by 2032. There is an exponential rise in the adoption of IoT network management solutions in the USA, as they have sustainable and deep-rooted economies allowing them to make significant investments in Research and Development and thereby contribute to the development and adoption of new technologies.
The USA is technologically advanced, and a number of government programs, such as smart cities and industrial IoT, have been successfully implemented. Businesses in the USA are rapidly incorporating IoT technology into their processes. Also, there is a presence of leading IoT network management solution providers in the USA who are investing in Research and Development and advancing the IoT infrastructure to get along with technological advancements.
Increasing Adoption of IoT Network Management Platforms in India Will Fuel Growth
Sales in India are estimated to grow at an impressive 30.6% CAGR between 2022 and 2032. India is aggressively adopting digital technologies with a rising internet penetration rate. Indian companies in the sectors such as manufacturing, government, retail, and energy are investing in IoT products and services.
To gain value and streamline the revenues from their digital transformation, businesses are becoming more technology-focused and boosting expenditures on cellular IoT. Also, the Indian government is investing in smart city projects with the use of IoT-connected devices, which in turn will boost the IoT network management market.
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Increasing Digitization to Fuel Sales of IoT Network Management Services
The network management service segment is expected to create an absolute opportunity of US$ 15.6 Billion by the end of 2032. IoT network management services provide network maintenance and assist in describing the quantity of data being assigned through a network and intelligently routes it to avoid obstacles that could cause a network crash.
Network management service supports businesses in terms of reduced downtime, improved network connectivity, automatic device development, scalability, security, and seamless execution of the business process. Thus, the demand for IoT network management services is expected to increase.
The Adoption of IoT Network Management Solutions in SMEs to Remain High
The small and mid-sized enterprises (SMEs) segment is expected to grow by 8.9X over the forecast period. The adoption of new technology, as well as innovation in general, works as a catalyst for SMEs' long-term success.
As per FMI analysis, last year 77% of SMEs who invested in IoT said their return on investment exceeded their expectations. End-to-end innovation is the main goal of SMEs investing in IoT. This includes anything from process improvement and cost-cutting to innovative business models and shorter time to market. Hence, IoT network management soon will be becoming a need among enterprises everywhere, as more SMEs adopt it for rapid innovation and to improve performance.
Sales of IoT Network Management Services in the Healthcare Sector Will Gain Traction
Demand in the healthcare sector is anticipated to grow at a CAGR of 29.9% during the forecast period. IoT is being used to track the treatment of a disease, monitor patients' health status, track medicine usage data to ensure adherence to treatments and offer real-time information on symptoms.
Smart healthcare refers to a health system in which IoT technologies such as sensors and wearable devices are used to improve disease detection and patient treatment through real-time monitoring.
IoT network management providers are focusing on strategies such as product innovation to improve their offerings and enhance their product portfolios to meet growing demand. Furthermore, a number of enterprises are partnering with technology experts to build their own IoT network management solutions.
For instance:
| Attributes | Details |
|---|---|
| Estimated Market Size (2022) | US$ 5.1 Billion |
| Projected Market Valuation (2032) | US$ 41.5 Billion |
| Market CAGR 2022 to 2032 | 23.3% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | The USA, Canada, The United Kingdom, Germany, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, South Africa |
| Key Segments Covered | The solution, Enterprise Size, Industry, and Region |
| Key Companies Profiled | Cisco; kyndryl; Behrtech; IBM; Sierra Wireless; RAKwireless; Commscope; Proscend; Particle Industries, Inc; Aeris; Datadog; Senet; Juniper Networks |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
South Asia & Pacific is forecasted to deliver strong growth in the market, demonstrating a CAGR of nearly 28.4% during the forecast period with a market share of around 15.7% in 2022.
Key trends in the market include: • Adoption of IoT in Smart Cities • Implementation of low power wide area network technology
The professional services segment dominates the market with the highest market share of 57.8% in 2021.
The IoT network management industry was valued at US$ 4,224.0 Million in 2021 and is estimated to grow at a substantial pace with a CAGR of 23.3% to reach US$ 41,551.4 Million by 2032.
The sales of IoT network management are expected to total US$ 5,128.2 Million by the end of 2022 and are likely to reach US$ 41,551.4 Million by 2032.
The market in the last 5 years (2017 to 2021) grew by a CAGR of 19.3%.
Countries involved in providing IoT network management solutions include the USA, the United Kingdom, Germany, China, and India.
The global market growth between 2021 and 2022 is around 21.4%.
The top 5 countries driving demand for IoT network management include Canada, France, Indonesia, India, and Japan.
The IoT network management demand in India was valued at US$ 192 Million in 2021 respectively and is projected to register CAGR of around 30.6% respectively between 2022 and 2032.
Some of the leading companies in this landscape are Cisco, IBM, Behrtech, Juniper Network, and Sierra Wireless. As per Future Market Insights, nearly 32% of the market share is currently covered by the top players.
1. Executive Summary | IoT Network Management Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Innovation / Development Trends 4. Pricing Analysis 4.1. Pricing Analysis, By Solution 4.2. Global Average Pricing Analysis Benchmark 5. Classification of Solutions 5.1. Network Management Protocols 5.2. Cloud-Based Frameworks 5.3. SDN-Based Frameworks 5.4. Semantic-Based Frameworks 5.5. Machine Learning-Based Frameworks 6. COVID-19 Impact Analysis 6.1. Impact of COVID-19 on Growth 6.2. Pre-COVID-19 Market Growth 6.3. Expected Recovery Scenario (Short Term/Mid Term/Long Term) 6.4. Key Action Points for Vendors 7. Global Market Demand (in Value in US$ Billion) Analysis 2017 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Billion) Analysis, 2017 to 2021 7.2. Current and Future Market Value (US$ Billion) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.2. Forecast Factors - Relevance & Impact 8.3. Value Chain Analysis 8.4. COVID-19 Crisis – Impact Assessment 8.4.1. Current Statistics 8.4.2. Short-Mid-Long Term Outlook 8.4.3. Likely Rebound 8.5. Market Dynamics 8.5.1. Drivers 8.5.2. Restraints 8.5.3. Opportunities 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Solution 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Billion) Analysis By Solution, 2017 to 2021 9.3. Current and Future Market Size (US$ Billion) Analysis and Forecast By Solution, 2022 to 2032 9.3.1. Platform 9.3.1.1. On-Premise 9.3.1.2. Cloud-Based 9.3.2. Services 9.3.2.1. Professional Services 9.3.2.2. Managed Services 9.4. Market Attractiveness Analysis By Solution 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Enterprise Size 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Billion) Analysis By Enterprise Size, 2017 to 2021 10.3. Current and Future Market Size (US$ Billion) Analysis and Forecast By Enterprise Size, 2022 to 2032 10.3.1. Large Enterprises 10.3.2. Small and Mid-Sized Enterprises (SMEs) 10.4. Market Attractiveness Analysis By Enterprise Size 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Billion) Analysis By Industry, 2017 to 2021 11.3. Current and Future Market Size (US$ Billion) Analysis and Forecast By Industry, 2022 to 2032 11.3.1. Manufacturing 11.3.2. IT & Telecom 11.3.3. BFSI 11.3.4. Healthcare 11.3.5. Transport & Logistics 11.3.6. Energy & Utilities 11.3.7. Retail 11.3.8. Others 11.4. Market Attractiveness Analysis By Industry 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Billion) Analysis By Region, 2017 to 2021 12.3. Current Market Size (US$ Billion) Analysis and Forecast By Region, 2022 to 2032 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia & Pacific 12.3.6. Middle East and Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Billion) Analysis By Market Taxonomy, 2017 to 2021 13.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 13.3.1. By Country 13.3.1.1. USA 13.3.1.2. Canada 13.3.2. By Solution 13.3.3. By Enterprise Size 13.3.4. By Industry 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Solution 13.4.3. By Enterprise Size 13.4.4. By Industry 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ Billion) Analysis By Market Taxonomy, 2017 to 2021 14.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 14.3.1. By Country 14.3.1.1. Brazil 14.3.1.2. Mexico 14.3.1.3. Rest of Latin America 14.3.2. By Solution 14.3.3. By Enterprise Size 14.3.4. By Industry 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Solution 14.4.3. By Enterprise Size 14.4.4. By Industry 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ Billion) Analysis By Market Taxonomy, 2017 to 2021 15.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 15.3.1. By Country 15.3.1.1. United Kingdom 15.3.1.2. Germany 15.3.1.3. France 15.3.1.4. Italy 15.3.1.5. Spain 15.3.1.6. BENELUX 15.3.1.7. Russia 15.3.1.8. Rest of Europe 15.3.2. By Solution 15.3.3. By Enterprise Size 15.3.4. By Industry 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Solution 15.4.3. By Enterprise Size 15.4.4. By Industry 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16.1. Introduction / Key Findings 16.2. Historical Market Size (US$ Billion) Analysis By Market Taxonomy, 2017 to 2021 16.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 16.3.1. By Country 16.3.1.1. China 16.3.1.2. Japan 16.3.1.3. South Korea 16.3.2. By Solution 16.3.3. By Enterprise Size 16.3.4. By Industry 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Solution 16.4.3. By Enterprise Size 16.4.4. By Industry 17. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17.1. Introduction / Key Findings 17.2. Historical Market Size (US$ Billion) Analysis By Market Taxonomy, 2017 to 2021 17.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 17.3.1. By Country 17.3.1.1. India 17.3.1.2. Malaysia 17.3.1.3. Indonesia 17.3.1.4. Singapore 17.3.1.5. Australia & New Zealand 17.3.1.6. Rest of South Asia & Pacific 17.3.2. By Solution 17.3.3. By Enterprise Size 17.3.4. By Industry 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Solution 17.4.3. By Enterprise Size 17.4.4. By Industry 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18.1. Introduction / Key Findings 18.2. Historical Market Size (US$ Billion) Analysis By Market Taxonomy, 2017 to 2021 18.3. Market Size (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 18.3.1. By Country 18.3.1.1. GCC Countries 18.3.1.2. Turkey 18.3.1.3. South Africa 18.3.1.4. Rest of Middle East and Africa 18.3.2. By Solution 18.3.3. By Enterprise Size 18.3.4. By Industry 18.4. Market Attractiveness Analysis 18.4.1. By Country 18.4.2. By Solution 18.4.3. By Enterprise Size 18.4.4. By Industry 19. Key Country Analysis on Market 19.1. USA Market 19.1.1. By Solution 19.1.2. By Enterprise Size 19.1.3. By Industry 19.2. Canada Market 19.2.1. By Solution 19.2.2. By Enterprise Size 19.2.3. By Industry 19.3. Brazil Market 19.3.1. By Solution 19.3.2. By Enterprise Size 19.3.3. By Industry 19.4. Mexico Market 19.4.1. By Solution 19.4.2. By Enterprise Size 19.4.3. By Industry 19.5. United Kingdom Market 19.5.1. By Solution 19.5.2. By Enterprise Size 19.5.3. By Industry 19.6. Germany Market 19.6.1. By Solution 19.6.2. By Enterprise Size 19.6.3. By Industry 19.7. France Market 19.7.1. By Solution 19.7.2. By Enterprise Size 19.7.3. By Industry 19.8. Italy Market 19.8.1. By Solution 19.8.2. By Enterprise Size 19.8.3. By Industry 19.9. Spain Market 19.9.1. By Solution 19.9.2. By Enterprise Size 19.9.3. By Industry 19.10. BENELUX Market 19.10.1. By Solution 19.10.2. By Enterprise Size 19.10.3. By Industry 19.11. Russia Market 19.11.1. By Solution 19.11.2. By Enterprise Size 19.11.3. By Industry 19.12. China Market 19.12.1. By Solution 19.12.2. By Enterprise Size 19.12.3. By Industry 19.13. Japan Market 19.13.1. By Solution 19.13.2. By Enterprise Size 19.13.3. By Industry 19.14. South Korea Market 19.14.1. By Solution 19.14.2. By Enterprise Size 19.14.3. By Industry 19.15. India Market 19.15.1. By Solution 19.15.2. By Enterprise Size 19.15.3. By Industry 19.16. Malaysia Market 19.16.1. By Solution 19.16.2. By Enterprise Size 19.16.3. By Industry 19.17. Indonesia Market 19.17.1. By Solution 19.17.2. By Enterprise Size 19.17.3. By Industry 19.18. Singapore Market 19.18.1. By Solution 19.18.2. By Enterprise Size 19.18.3. By Industry 19.19. Australia & New Zealand Market 19.19.1. By Solution 19.19.2. By Enterprise Size 19.19.3. By Industry 19.20. GCC Countries Market 19.20.1. By Solution 19.20.2. By Enterprise Size 19.20.3. By Industry 19.21. Turkey Market 19.21.1. By Solution 19.21.2. By Enterprise Size 19.21.3. By Industry 19.22. South Africa Market 19.22.1. By Solution 19.22.2. By Enterprise Size 19.22.3. By Industry 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies 20.2. Market Share Analysis of Top Players 20.3. Market Presence Analysis, Regional Footprint by Players 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Deep Dive 21.2.1. Cisco 21.2.1.1. Business Overview 21.2.1.2. Product/Service Portfolio 21.2.1.3. Profitability by Market Segments (Business Segment/Region) 21.2.1.4. Sales Footprint 21.2.1.5. Strategy Overview 21.2.2. Kyndryl 21.2.2.1. Business Overview 21.2.2.2. Product/Service Portfolio 21.2.2.3. Profitability by Market Segments (Business Segment/Region) 21.2.2.4. Sales Footprint 21.2.2.5. Strategy Overview 21.2.3. Behrtech 21.2.3.1. Business Overview 21.2.3.2. Product/Service Portfolio 21.2.3.3. Profitability by Market Segments (Business Segment/Region) 21.2.3.4. Sales Footprint 21.2.3.5. Strategy Overview 21.2.4. IBM 21.2.4.1. Business Overview 21.2.4.2. Product/Service Portfolio 21.2.4.3. Profitability by Market Segments (Business Segment/Region) 21.2.4.4. Sales Footprint 21.2.4.5. Strategy Overview 21.2.5. Sierra Wireless 21.2.5.1. Business Overview 21.2.5.2. Product/Service Portfolio 21.2.5.3. Profitability by Market Segments (Business Segment/Region) 21.2.5.4. Sales Footprint 21.2.5.5. Strategy Overview 21.2.6. RAKwireless 21.2.6.1. Business Overview 21.2.6.2. Product/Service Portfolio 21.2.6.3. Profitability by Market Segments (Business Segment/Region) 21.2.6.4. Sales Footprint 21.2.6.5. Strategy Overview 21.2.7. Commscope 21.2.7.1. Business Overview 21.2.7.2. Product/Service Portfolio 21.2.7.3. Profitability by Market Segments (Business Segment/Region) 21.2.7.4. Sales Footprint 21.2.7.5. Strategy Overview 21.2.8. Proscend 21.2.8.1. Business Overview 21.2.8.2. Product/Service Portfolio 21.2.8.3. Profitability by Market Segments (Business Segment/Region) 21.2.8.4. Sales Footprint 21.2.8.5. Strategy Overview 21.2.9. Particle Industries, Inc 21.2.9.1. Business Overview 21.2.9.2. Product/Service Portfolio 21.2.9.3. Profitability by Market Segments (Business Segment/Region) 21.2.9.4. Sales Footprint 21.2.9.5. Strategy Overview 21.2.10. Aeris 21.2.10.1. Business Overview 21.2.10.2. Product/Service Portfolio 21.2.10.3. Profitability by Market Segments (Business Segment/Region) 21.2.10.4. Sales Footprint 21.2.10.5. Strategy Overview 21.2.11. Datadog 21.2.11.1. Business Overview 21.2.11.2. Product/Service Portfolio 21.2.11.3. Profitability by Market Segments (Business Segment/Region) 21.2.11.4. Sales Footprint 21.2.11.5. Strategy Overview 21.2.12. Senet 21.2.12.1. Business Overview 21.2.12.2. Product/Service Portfolio 21.2.12.3. Profitability by Market Segments (Business Segment/Region) 21.2.12.4. Sales Footprint 21.2.12.5. Strategy Overview 21.2.13. Juniper Networks 21.2.13.1. Business Overview 21.2.13.2. Product/Service Portfolio 21.2.13.3. Profitability by Market Segments (Business Segment/Region) 21.2.13.4. Sales Footprint 21.2.13.5. Strategy Overview 22. Assumptions and Acronyms Used 23. Research Methodology
Technology
February 2021
REP-GB-13001
February 2023
250 pages
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IoT Network Management Market
