IoT Device Management Statistics 2024 – Everything You Need to Know

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Are you looking to add IoT Device Management to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important IoT Device Management statistics of 2024.

My team and I scanned the entire web and collected all the most useful IoT Device Management stats on this page. You don’t need to check any other resource on the web for any IoT Device Management statistics. All are here only 🙂

How much of an impact will IoT Device Management have on your day-to-day? or the day-to-day of your business? Should you invest in IoT Device Management? We will answer all your IoT Device Management related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best IoT Device Management Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 167 IoT Device Management Statistics on this page 🙂

IoT Device Management Market Statistics

  • Large Enterprise Organization Size segment held the largest market share of 52.2% in the year 2020. [0]
  • North America is estimated to hold the largest market share of 38.6% in the year 2020. [0]
  • Hardware still accounts for 30% of the total value of IoT technology, although trends suggest its global market value is decreasing. [1]
  • With the IoT market size rapidly expanding amid an increasing need for real time data monitoring, the IoT healthcare industry is expected to grow at a CAGR of 19.9% over the next five years. [1]
  • By 2026—Experts estimate that the IoT device market will reach $1.1 trillion IoT adoption predictions for 2020 93% of enterprises will adopt IoT technology. [2]
  • The market size of industrial IoT is estimated to have reached about $77.3 billion in 2020. [3]
  • Today) Apple currently holds the highest smartwatch market share at 40% after shipping 12.9 million units of the Apple Watch Series 6 and SE in the fourth quarter of last year. [4]
  • Its share of the market will remain at around 63% between 2018 and 2020. [4]
  • Hardware accounted for 35% of this $1.7T market value. [4]
  • Morgan Stanley predicted the industrial IoT market size reached $110 billion by 2020 and $124B in 2021. [4]
  • IoT in retail markets is predicted to grow to $35.5 billion in 2025. [4]
  • The lowest implementation of high potential use cases across IoT market segments is seen in energy & utilities (18%) and automotive (17%). [4]
  • This will represent growth at a CAGR of 21.38%, considering that the estimation of the endpoint security solutions in IoT market size by Gartner for 2016 was at $240 million. [4]
  • The growth of the internet of things consumer electronics market in North America is predicted at a CAGR of 12.25% from $90 billion in 2017 to $180 billion in 2024. [4]
  • The IoT market was worth $581B for ICT based spending alone by 2020, growing at a CAGR of between 7 and 15%. [4]
  • The automotive IoT market was valued at $15.87 billion in 2015, indicating a CAGR of 26.5% over the eight. [4]
  • IoT statistics for the healthcare market show a projected growth at CAGR of 30.8% from 2017 when the healthcare IoT market was valued at $41.22 billion. [4]
  • the worldwide smart homes market show an estimated growth at a CAGR of 19.31% rising from $20.38 billion in 2014. [4]
  • In 2018, the worldwide market value of IoT in education was $4.8 billion and was expected to grow at a CAGR of 18.8% through 2024. [4]
  • forecasts for the banking and financial services market predict growth at a CAGR of 52.1% from $0.17 billion in 2017. [4]
  • The worldwide IoT in the manufacturing market was valued at $10.45 billion in 2016 and is set to grow at a CAGR of 29% through 2024. [4]
  • North America is estimated to hold the largest market share and expected to dominate the IoT device management market from 2017 to 2024. [5]
  • The global IoT Device Management market size is projected to reach USD 6254.6 Million by 2026, from USD 1838.3 Million in 2020, at a CAGR of 22.6% during 2021. [6]
  • Market The global Mobile Device Management market size is projected to reach USD 6097.8 Million by 2026, from USD 3133.3 Million in 2020, at a CAGR of 11.7% during 2021. [6]
  • The global IoT Managed Services market size is projected to reach USD 138.5 Million by 2026, from USD 68 Million in 2020, at a CAGR of 12.7% during 2021. [6]
  • In 2018, the global Internet of Things Security market size was 8930 million USD, and it is expected to grow with a CAGR of 33.81% during 2019. [6]
  • Cisco Systems is the top player in the IoT security market in 2016 with a market share of 9.30%, while Intel Corporation and IBM Corporation ranked 2 and 3 with a market share of 5.86% and 4.96%, respectively, in 2016. [6]
  • In 2018, the Global Internet of Things Market market size was US$ 164 Billion and it is expected to grow with a CAGR of 38.62% between 2018 and 2025. [6]

IoT Device Management Software Statistics

  • Meanwhile, software solutions will be the fastestgrowing technology category with a five year CAGR of 13.5% and a focus on application and analytics software purchases. [3]
  • 29% of developers favor Microsoft’s Azure IoT Suite for enabling connected devices in their software projects. [4]

IoT Device Management Adoption Statistics

  • By 2026—Experts estimate that the IoT device market will reach $1.1 trillion IoT adoption predictions for 2020 93% of enterprises will adopt IoT technology. [2]
  • Other major barriers to adoption include cost (50%), maintenance (44%), and integration of legacy technology (43%). [4]

IoT Device Management Latest Statistics

  • Posted On Nov 13, 2019 AWS IoT Device Management now provides enhanced fleet level metrics and insights with simple statistics, percentiles, and cardinality. [7]
  • For example, customers can identify overheating equipment in the 99th percentile of temperature. [7]
  • If a machine didn’t have any critical alarms whatsoever during a time period, it was 100% in service. [8]
  • If half of the time there was some critical, unresolved alarm, the machine was 50% in service. [8]
  • The Service monitoring page shows the availability of devices for the last 24 hours, last 7 days and last 30 days in percentage. [8]
  • Study Period 2019 2028 Base Year 2020 CAGR 27.70%. [0]
  • Device Management Market is forecast to reach USD 11.22 Billion by 2028, according to a new report by Reports and Data. [0]
  • Europe is forecasted to grow with a CAGR of 26.8% during the forecast period. [0]
  • The Healthcare sector is forecasted to witness the highest CAGR of 26.30% during the forecast period. [0]
  • The IoT Device Management Market is expected to register a CAGR of 28.7% over the forecast period 2021. [9]
  • According to Ericsson’s mobility report, out of the projected 29 billion connected devices by 2024, 18 billion are anticipated to be related to IoT. [9]
  • According to eInfochips , 96% of retailers are ready to make adjustments required to implement the Internet of Things in their storehouses. [9]
  • Utilizing these energy sources efficiently can bring cost savings of up to 20% per year, according to eInfochips. [9]
  • Verizon’s report says that 77% of retailers strongly believe that IoT solutions can significantly improve customer experience. [9]
  • According to Wipro’s State of Cybersecurity Report 2019, the consumer and retail sectors are being targeted at a higher frequency than other industries. [9]
  • The report further adds, at least 73% of the organizations are expected to lose revenue in case of an attack, due to the non availability of services at critical times. [9]
  • According to the study, prominently, 66% of households in North America own at least one IoT device. [9]
  • Additionally, 25% of North American homes boast more than two devices. [9]
  • IoT and smart devices are already growing the performance metrics of major USbased firms, covering routine management issues and enhancing their productivity by 40 60%, according to BBVA Group. [9]
  • In the United States, more than 8 and 10, home and office routers, respectively, were vulnerable to hacking, according to the 2018 study by the American Consumer Institute. [9]
  • The IoT Device Management Market is growing at a CAGR of <28.7% over the next 5 years. [9]
  • After fleet indexing is active, you can run queries on your index, such as finding all devices that are handheld and have more than 70. [10]
  • The estimated value for 2020 is $742 billion. [1]
  • However, the growth of IoT statistics show that CAGR fell to 8.2% in 2020 an almost twice lower increase than the forecasted 14.9% at the end of 2019. [1]
  • Things are expected to return to normal in 2021, with a CAGR of 11.3% during the 2020. [1]
  • According to current statistics on IoT devices, the number will surpass 3.5 billion by 2024, with Asia leading the charge. [1]
  • The numbers will reach 73.1 ZB by 2025, which equals 422% of the 2019 output, when 17.3 ZB of data was produced. [1]
  • 86% of healthcare organizations were using IoT technology in some way in 2019. [1]
  • According to the most recent IoT healthcare devices statistics, the CAGR of IoT in the healthcare industry is estimated to be 28.6% during 2021. [1]
  • There was a 45% decrease in patient falls, a 60% reduction in bedsores, and an 80% decrease in code blue events. [1]
  • From $91 million in 2016, annual global spending on security measures for IoT networks is set to jump to $631 million in 2021, with a CAGR of 21.38%. [1]
  • Due to discontinued support for Windows 7, 56% more devices are more vulnerable to cyberattacks and malware compared to 2018. [1]
  • According to IoT based attacks statistics for 2019, the average IoT device gets attacked just five minutes after it goes live. [1]
  • According to IoT statistics and challenges forecast for this industry, the most successfully used router password among cyber attackers in 2018 was “123456.”. [1]
  • Coming in second place was another perilous choice – no password at all – which accounted for 17% of all IoT attacks. [1]
  • According to Forbes, the number of malware incidents involving IoT devices has grown from 813 million in 2018 to a staggering 2.9 billion already the following year. [1]
  • These IoT statistics involving 1,600 consumers across eight countries show that 92% of participants want to control the type of automatically collected personal information. [1]
  • At least 58% of companies in the retail sector have a number of active IoT projects. [1]
  • 57% of retailers are already taking steps to increase privacy measures, and 43% are focusing on preventing data breach events. [1]
  • IoT brand statistics show that around 34% of brands hope to see the whole industry implement IoT solutions, which would bring an increase in industry growth over the next decade. [1]
  • However, 41% chose not to increase IoT related spending during 2020. [1]
  • Frontier Economic’s IoT forecast predicts that over the next 30 years, IoT technology will result in a 10% increase in the United States’ GDP. [1]
  • If we choose to be optimistic about these metrics, we’ll see that around 40% of the technology’s global value will be accrued in the developing economies. [1]
  • The US is leading the way in deploying full scale IoT operations, with 44% of companies now adopting the technology. [1]
  • The US is followed by the UK, with 41% of companies having deployed IoT technology, and Germany, with 35%. [1]
  • According to Vernon Turner, vice president of IDC, there will be more than 80 billion devices connected to the internet by 2025. [1]
  • IoT statistics show that the growth is expected at a CAGR of 26.2%. [1]
  • Around 41% of users wouldn’t mind their health data being used to help research the link between heart conditions and exercise. [1]
  • However, if a brief look at IoT devices statistics shows us that only 0.06% of devices that could be connected to the internet currently are. [1]
  • IoT forecasts show that 67% of these devices will be found in China, North America, and Western Europe. [1]
  • According to Statista, 2021 will see 10.07 billion IoT. [1]
  • It’s estimated that the number of active IoT devices will surpass 25.4 billion in 2030. [1]
  • The last available data show that the price shrank an additional 37% to $0.38 in 2020. [1]
  • 80% of industrial manufacturing companies will adopt IoT technology. [2]
  • 90% of cars will be connected to the web through IoT technology. [2]
  • Approximately 5.4 billion or 60% of all connected IoT devices in 2020 were from the consumer segment. [3]
  • 50% of IoT platforms focus on industrial and manufacturing industries. [3]
  • As of 2020, 29% of organizations in North America and Europe have already adopted IoT. [3]
  • Meanwhile, 20% were planning to start using IoT devices within the following year. [3]
  • Worldwide spending on IoT is estimated to reach $742 billion by the end of 2020. [3]
  • Growing at a CAGR of 8.2%, IoT spending may reach $1.1 trillion by 2024. [3]
  • The healthcare, insurance, and education sectors were expected to deliver the strongest industry gains in IoT spending with growth rates of 14.5%, 12.3%, and 11.9%, respectively. [3]
  • Meanwhile, consumer spending on IoT solutions was forecast to grow 13.9% year over year in 2020. [3]
  • Hardware spending is dominated by module/sensor purchases (28.6%). [3]
  • Meanwhile, wide area IoT devices amounted to 1.9 million in 2020 and are predicted to reach 6.3 million by 2026. [3]
  • Consequently, over the period between 2020 to 2024, the worldwide wearable band and TWS earbud categories will see an increase in shipments from 436.5 million units in 2020 to an estimated 760.4 million units in 2024. [3]
  • In 2020, 74% of US smart speaker users owned Amazon Echo. [3]
  • Furthermore, 39.8% of smart speaker users in the US use it to listen to their music streaming service on a daily basis. [3]
  • Meanwhile, 29.4% ask their smart assistant a question every day while 33.9% use it to check the weather. [3]
  • By 2024, 100% of the global population is expected to have LPWAN coverage. [4]
  • The main revenue driver for 54% of enterprise IoT projects is cost savings. [4]
  • 97% of organizations feel there are challenges to creating value from IoT. [4]
  • There will be a 21% increase in the number of endpoints in 2020 compared to 2019’s figures. [4]
  • Utility IoT use increased by 17% in 2020. [4]
  • According to the Internet of Things stats for 2020 predictions, utility endpoints will increase by 200 million from the year before. [4]
  • Predictions show that by 2021, spending on security measures will increase by 28% compared to 2018. [4]
  • Building automation grew by 42% in 2020. [4]
  • According to the Internet of things growth statistics, the industry will see 130 million more IoT endpoints compared to 2019 figures. [4]
  • According to smart device statistics, the global figures will have grown by 780 million from 2016’s 325 million. [4]
  • According to IoT stats 2020, the closest competitor is Samsung with 10%. [4]
  • According to the Internet of things data for 2021, the technology for this transformation is already available. [4]
  • Gartner’s statistics predicted 25 billion IoT devices by the end of 2021. [4]
  • We have also seen very high numbers cited in some other studies. [4]
  • Consumer electronics accounted for 63% of all installed IoT units in 2020. [4]
  • That will be at a compound annual growth rate of 26.9%. [4]
  • Business investment accounted for more than 50% of the overall IoT spending in 2020. [4]
  • In 2017, only 20% of the world population was covered by this type of network. [4]
  • This includes a CAGR of 7.3% through 2020. [4]
  • Of the 1600 actual enterprise IoT projects in progress, the highest were in the segments of Smart City (23%), Connected Industry (17%), and Connected Building (12%). [4]
  • Only 35% of IoT projects are used to increase revenue. [4]
  • 24% of projects also increase overall safety. [4]
  • The top goal of enterprise IoT deployment varies by country; 23% of Chinese companies use it to increase competitiveness. [4]
  • 58% of manufacturers say IoT is required to digitally transform industrial operations. [4]
  • Sectorwise break up of manufacturing shows that the reliance on IIoT applications is the highest in power and energy (64%), aviation and aerospace (62%), and utilities (58%). [4]
  • More than 80% of senior executives across industries, on average, say IoT is critical to some or all lines of their business. [4]
  • Internet of things statistics show that 28% execs, on average, plan to invest in IoT security in the next 12 months. [4]
  • The variation is much wider (33% to 54%). [4]
  • According to a worldwide survey of IT and business decision makers, only 29% of executives expected that their IoT strategies would result in business efficiency improvements. [4]
  • Actual results showed that 46% experienced gains in efficiency. [4]
  • Similarly, while only 16% of the business leaders projected a large increase in profits because of their IoT investment, 32% ended up with IoT. [4]
  • 93% of enterprises are believed to have adopted IoT technology. [4]
  • A booming 77% of executives in the sector believe IoT technology will allow them to transform offices into a smart workplace. [4]
  • 59% of them use IoT for monitoring and maintenance, while 55% use it for location. [4]
  • 80% of industrial manufacturing companies have adopted IoT in some way in 2020. [4]
  • The Internet of Medical Things sector is estimated to reach $158 billion by 2024. [4]
  • For comparison, a 2020 forecast showed the growth would be at $14.5 billion, with a Compound Annual Growth Rate of 19.6%. [4]
  • IoT statistics showed that over 78% of government professionals reported that the implementation of machine learning technologies is either underway or completed. [4]
  • According to the same study, more than 70% of public sector agencies evaluate the potential of emerging technologies, but only about 25% are moving beyond the pilot phase to full implementation. [4]
  • In terms of average implementation percentage of high potential use cases by industries, telecom is the leader at 36%. [4]
  • Other leading sectors are industrial manufacturing (33%; production asset maintenance, manufacturing intelligence, and product quality optimization) and consumer products (27%; manufacturing intelligence and monitoring shipment conditions). [4]
  • This is followed by the UK (41%) and Germany (35%). [4]
  • According to an estimate, over twothirds of the IoT startups funded in the 2012 2017 period were based in the US. [4]
  • Amazon AWS IoT (19%), and Cisco IoT Services (13%). [4]
  • AWS was more popular with respondents from smaller organizations (28% versus 9%). [4]
  • Googe’s Cloud IoT is being adopted more by employees in larger companies (37% vs. 15%). [4]
  • While over 98% of business leaders have an understanding of the internet of things, stats show that many are unclear of the exact definition of the term. [4]
  • Worldwide IoT security spending will increase from $912 million in 2016, soaring to $3.1 billion in 2021, attaining a 27.87% CAGR in the forecast period. [4]
  • Even though 98% of organizations using IoT are extracting a mass of data from their processes, making sense of this data remains a hurdle. [4]
  • Well over a third (39%). [4]
  • McKinsey & Company) Software infrastructure and applications accounted for 38% of overall IoT spending in 2020, with Solutions Services a close second with 30% of global spending. [4]
  • Hardware ranks third with about 20% of the overall spend, followed by Security and Connectivity. [4]
  • There were 220 million connected cars on the road in 2020, and 90% of all new cars by 2040 are expected to be connected through IoT. [4]
  • This number equates to a 422% increase in output from 2019. [4]
  • According to IoT stats for 2021, there are 31 billion IoT devices in the world. [4]
  • According to the Internet of things hacking statistics, hacking increased by 54% in 2019. [4]
  • 80% of fortune 2000 companies rely on our research to identify new revenue sources. [5]
  • 2,559.6 Million by 2024, at a Compound Annual Growth Rate of 29.8% from 2017 to 2024. [5]
  • 2,559.6 Million by 2024, at a Compound Annual Growth Rate of 29.8%. [5]
  • USD 6254.6 Million by 2026 at CAGR 22.6% – Valuates Reports. [6]
  • The Global Smart Manufacturing Market size is expected to grow from USD 157,289.47 Million in 2019 to USD 314,839.98 Million by the end of 2025 at a Compound Annual Growth Rate of 12.26%. [6]
  • global Industrial IoT Market Size to grow from USD 65,452.15 Million in 2018 to USD 118,413.63 Million by 2025, at a Compound Annual Growth Rate of 8.83% During the Forecast Period. [6]
  • Your Own Device Market size is expected to grow from USD 43,468.97 Million in 2019 to USD 99,000.11 Million by the end of 2025 at a Compound Annual Growth Rate of 14.70%. [6]
  • IOT Sensors Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 20202026 IOT Sensors Market size was valued at 14.9 Billion USD in 2019 and is projected to reach 58.9 Billion USD by 2026, at a CAGR of 21.7% during the forecast period. [6]
  • Buyers of a median price home are looking at a monthly mortgage payment that is almost 50% higher than it was a year ago.’. [11]
  • The 30 year mortgage rate dips slightly to 5.1%. [11]

I know you want to use IoT Device Management Software, thus we made this list of best IoT Device Management Software. We also wrote about how to learn IoT Device Management Software and how to install IoT Device Management Software. Recently we wrote how to uninstall IoT Device Management Software for newbie users. Don’t forgot to check latest IoT Device Management statistics of 2024.

Reference

  1. reportsanddata – https://www.reportsanddata.com/report-detail/internet-of-things-iot-device-management-market.
  2. dataprot – https://dataprot.net/statistics/iot-statistics/.
  3. securitytoday – https://securitytoday.com/Articles/2020/01/13/The-IoT-Rundown-for-2020.aspx?Page=2.
  4. financesonline – https://financesonline.com/iot-device-statistics/.
  5. techjury – https://techjury.net/blog/internet-of-things-statistics/.
  6. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/iot-device-management-market-210200083.html.
  7. prnewswire – https://www.prnewswire.com/in/news-releases/iot-device-management-market-size-usd-6254-6-million-by-2026-at-cagr-22-6-valuates-reports-896452945.html.
  8. amazon – https://aws.amazon.com/about-aws/whats-new/2019/11/aws-iot-device-management-introduces-new-aggregation-queries-fleet-indexing/.
  9. cumulocity – https://cumulocity.com/guides/users-guide/device-management/.
  10. mordorintelligence – https://www.mordorintelligence.com/industry-reports/iot-device-management-market.
  11. amazon – https://docs.aws.amazon.com/iot/latest/developerguide/iot-indexing.html.
  12. marketwatch – https://www.marketwatch.com/press-release/iot-device-management-market-size-2024-dynamics-segmentation-competition-share-revenue-business-strategies-huge-opportunities-upcoming-trends-gross-margin-and-forecast-to-2027-2024-03-30.

How Useful is Iot Device Management

One of the key benefits of IoT device management is its ability to centralize control and monitoring of connected devices. By utilizing a robust management system, organizations can easily keep track of all their IoT assets, enabling them to identify and address any potential issues promptly. This level of oversight is essential for maintaining the reliability and security of IoT networks, particularly in industries that rely on real-time data processing and analysis.

Furthermore, IoT device management allows for the implementation of remote troubleshooting and maintenance capabilities, reducing the need for costly on-site visits. This remote access feature enables technicians to diagnose and resolve issues efficiently, saving both time and resources. In addition, device management platforms often incorporate predictive maintenance algorithms that can anticipate potential failures and proactively address them before they become critical, thereby minimizing downtime and maximizing operational efficiency.

Security is another paramount concern in the world of IoT, as the proliferation of connected devices also increases the potential attack surface for cybercriminals. IoT device management plays a critical role in ensuring the security of these devices by implementing robust authentication mechanisms, encryption protocols, and access control policies. By leveraging a comprehensive device management platform, organizations can enforce strict security measures across their IoT ecosystem, safeguarding critical data and infrastructure from potential breaches.

Moreover, IoT device management facilitates seamless scalability and interoperability of connected devices, allowing organizations to easily add new devices or integrate existing systems without compromising performance. This versatility is essential for businesses looking to expand their IoT footprint or diversify their technology stack, enabling them to adapt to changing market dynamics and emerging trends effectively.

In conclusion, IoT device management is an indispensable tool for organizations looking to harness the full potential of connected devices. By providing centralized control, remote maintenance capabilities, enhanced security, and seamless scalability, device management platforms enable businesses to optimize the performance and reliability of their IoT infrastructure. As the IoT landscape continues to evolve, investing in robust device management solutions will be essential for organizations looking to stay ahead of the curve and capitalize on the transformative power of connected technology.

In Conclusion

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