A new ResearchAndMarkets.com report has revealed several key findings pertaining to the Internet of Things (IoT) medical device sector. Some of the major revelations included:
- Integrated platforms will lead consumer IoT device management, exceeding $450 million by 2024.
- Managing medical device security and privacy is a major concern and opportunity for the healthcare vertical.
- With major initiatives underway for cybersecurity, the government segment will lead IoT device management.
- Device installation and configuration will lead the industrial IoT device management segment at $199 million by 2024.
The report evaluated the IoT device management market including requirements, functionality, leading companies, and solutions. The report also evaluated market opportunities and challenges for IoT device management solutions across various industry verticals.
The report includes forecasting for global and regional markets as well as potential across deployment types and sectors including automotive, manufacturing, smart cities, and more. The report takes into consideration all four major IoT device management market segments: consumer, enterprise, industrial, and government.
IoT represents a complex system of networks, platforms, interfaces, protocols, devices, and data. IoT devices range from sensors, actuators, gateways, and embedded hardware/software within products and assets. The number and type of IoT devices, as well as the associated use cases for apps and services, grows exponentially within leading industry verticals. One of the critical success factors for IoT operation will be certain Operational Support Systems for IoT, such as IoT device management. As IoT systems and networks grow in complexity and importance, there will be an increasingly urgent need within enterprise, industrial, and government market segments for IoT device management platforms and software.
IoT device management encompasses device provisioning, administration, monitoring, and diagnostics important for trouble replication and corrective measures. Important IoT device management functions include enrollment/provisioning, configuration/association, software updates, and overall management and control. As IoT systems and networks grow in complexity and importance, there will be an increasingly urgent need within enterprise for IoT device management platforms and software, researchers say.