LAMEA IoT Device Management Market Size, Share & Industry Trends Analysis Report By Component, By Vertical, By Organization Size (Large Enterprises and Small & Medium Enterprises), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa IoT Device Management Market would witness market growth of 35.3% CAGR during the forecast period (2022-2028).
The first stage in IoT administration is device provisioning. This stage is for initial setups, such as creating an account and configuring the network connection. As it will see, provisioning is comparable to configuration. Both of these methods entail personalizing the smartphone. Provisioning changes the device's settings from their original, off-the-shelf state to the required network integration. Configuration is possible at any time. Authentication is the procedure of verifying a device's identification as it is registered in an IoT system, as well as authenticating people at login. To prevent intrusions and keep sensitive information secure, appropriate IoT device identity management and authentication ensure that only authorized devices are enrolled. To implement authentication, administrators configure network and devices' security settings to allow or disallow access attempts.
As users covered in the provisioning section, IoT configuration management is a technique for changing the operation of the IoT device. It can, for example, enhance a device's sophistication and intelligence, improve its functionality with more code, or change its settings to meet new needs. Devices and networks, like biological creatures, frequently require additional configuration after the initial provisioning period. It's important to be able to quickly, safely, and remotely configure one or multiple devices whenever the requirement arises.
The UAE is one of the Middle East's largest data center hubs, with more planned. By 2026, up to $1 billion in new investments are expected. Microsoft opened two cloud zones in Dubai and Abu Dhabi in 2019. Amazon Web Services revealed plans for a new data center region in the United Arab Emirates in 2021. The new region, which will have three availability zones, will open in the first half of 2022. The UAE government's massive investments in cloud computing, as well as the country's competitive business regulations and superior technical infrastructure, are expected to propel the sector forward in the coming years. With highly tailored solutions, public cloud hosting in the UAE has effectively addressed variances in resources and skills.
The Brazil market dominated the LAMEA IoT Device Management Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $141.6 million by 2028. The Argentina market is experiencing a CAGR of 36.1% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 35% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Device Management, Real-Time Streaming Analytics, Remote Monitoring, Security Solutions, and Network Bandwidth Management) and Services (Professional and Managed). Based on Vertical, the market is segmented into Manufacturing, Transportation & Logistics, Healthcare, Retail, Utilities, and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Oracle Corporation, Bosch.IO GmbH (Robert Bosch GmbH), Telit corporate group (DBAY Advisors Limited), Smith Micro Software, Inc., Aeris Communications, Inc., Silicon Laboratories, Inc., Advantech Co., Ltd., and PTC, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Device Management
- Real-Time Streaming Analytics
- Remote Monitoring
- Security Solutions
- Network Bandwidth Management
- Transportation & Logistics
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Bosch.IO GmbH (Robert Bosch GmbH)
- Telit corporate group (DBAY Advisors Limited)
- Smith Micro Software, Inc.
- Aeris Communications, Inc.
- Silicon Laboratories, Inc.
- Advantech Co., Ltd.
- PTC, Inc. (Rockwell Automation, Inc.)
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