IoT can be defined as an interconnected system in which devices are connected using network communication technologies. IoT device management is the backbone of an IoT architecture that enables communication between devices or things. IoT device management software provides provisioning, monitoring, authentication, device configuration, software update, and patch management, all of which are indispensable requirements for IoT deployment. Thus, IoT device management aims at managing the exponentially growing IoT devices, providing extraordinary customer experience, maximum uptime, and device security.

VISIONARY LEADERS

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

DYNAMIC DIFFERENTIATORS

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

INNOVATORS

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

EMERGING COMPANIES

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.

IoT device management software find enormous applications in the healthcare vertical; for instance, in monitoring and notifying a patient’s medical health parameters and medication. Additionally, IoT telecom services are applied for easy monitoring and ad-hoc patient diagnosis, offering automation in operations. The latest IoT-enabled diagnostics devices combined with lab-on-chip technologies have opened innovative treatment opportunities to further arrest the progression of various serious diseases. The transportation and logistics vertical are facing challenges in tracking their logistics components, including trucks and drivers, among various others to achieve automation and scalability in their operations. IoT application in connected logistics allows clients and logistics providers to make quick adjustments, in case there is any delay in shipments. IoT services strengthen supply chain management by offering transparency so that the users can take effective decisions in real-time. IoT is empowering the utility vertical by offering smart services such as smart grid for energy consumption, smart gas metering, and smart water metering. The smart utility domain manages the infrastructure which offers vital services to communities such as water, electricity, and gas. IoT Device Management Software plays a key role in the manufacturing application through identification technologies. By using smart devices such as sensors, actuators, and tags, the production processes can be optimized, and the entire lifecycle of objects from production to delivery can be monitored. By tagging items and containers, the status of the shop, location, and disposition of materials, and the status of production machines can be obtained.

The IoT system is comprised of three major components: devices, connectivity technologies, and applications. These smart objects in the IoT need to execute intelligent algorithms for interacting with other things such as sensors, actuators, or tags, in an efficient manner. With the increase in the usage of IoT technology, organizations are implementing various solutions to boost the overall efficiency of their IoT system. The solution segment is one of the most promising components of the IoT market. This chapter provides a detailed description of all IoT solutions along with their market size forecast and estimation.

The IoT Device Management Software segment includes real-time streaming analytics, security solutions, data management, remote monitoring, and network bandwidth management. Real-time streaming analytics solution follows the distributed and scalable data integration framework to analyze various sources of data and events. It also helps organizations to detect irregularities in real-time data and trigger alerts whenever there is an error in the IoT ecosystem. IoT security solutions address various security challenges such as Point-of-Sale (PoS) threat, threats at sensors, gateways, and threat of securing IoT data and end devices. Additionally, data management solution focuses on device data, while remote monitoring system focuses on monitoring the assets of an organization, thereby reducing the time and cost of service. Network bandwidth management is a collection of tools and techniques that can be used by an organization to manage demand across critical segments of the network.

REAL-TIME STREAMING ANALYTICS

Smart and connected IoT devices generate huge amounts of data, which can be analyzed and used for various applications across different industry verticals. This data can be transformed into important information and is used to enhance the overall efficiency and profitability of organizations. A real-time streaming analytics solution follows the distributed and scalable data integration framework to analyze various sources of data and events. It helps organizations to detect irregularities in real-time data and trigger alerts whenever there is an error in the IoT ecosystem. Vendors face various challenges throughout the implementation of real-time analytics. Some of these challenges are analyzing event streams continuously; analyzing different types of data in a wide variety of formats; providing aggregated and individualized analytics for each device; responding to discovered insights using automated processes; and scalability and high availability for large scale deployments. Overcoming these challenges and deploying the required solution can help organizations in easy decision-making, customer retention, and taking appropriate business-related decisions in real-time. Various vendors such as Microsoft Corporation and IBM Corporation offer real-time streaming analytics solutions due to its importance in the IoT ecosystem

SECURITY SOLUTION

The use of IoT is increasing at a rapid pace across various industry verticals such as manufacturing, healthcare, and home and automation. The implementation of IoT has been instrumental in transforming local industries into global by connecting remote branches, enabling M2M communication.

The evolution of IoT has created several security challenges such as PoS threat, threats at sensors, gateways, and threat of securing IoT data and end devices. These threats have a devastating impact on businesses and can lead to great financial loss if IoT security systems are not considered. Vendors make use of various principals to secure IoT systems such as incorporating security during the design phase, using the latest operating system to avoid unknown vulnerabilities, identifying and authenticating the devices connected to the network, patching of security updates, and implementing vulnerability management strategies.

DATA MANAGEMENT

Managing IoT device data is one of the most important and crucial aspects for any application area. Data management solution is required to take care of the device logs, IP addresses, serial numbers, and model numbers. Most organizations convert this information into metadata, which is further categorized by complex algorithms. Data management solutions help to capture data such as meter readings, temperature readings, and sensor readings. These readings are converted into a format, which is supported by data analytics software for further operations. If a large number of devices are installed in an IoT ecosystem, some of them are bound to have problems, such as connectivity issues or device firmware problems. Connectivity log plays an important role in managing all the device problems related to failed connectivity. Devices can also report the diagnostic information in the form of error codes consisting of a time stamp, which can be analyzed to take the necessary action for efficient device management.

REMOTE MONITORING

IoT remote monitoring solution is the implementation of an end-to-end monitoring solution for multiple machines running in remote locations. Asset-intensive industries face numerous challenges when it comes to ensuring mission-critical plants and maximum efficiency of equipment. Moreover, in order to meet device uptime and overall business operation expectations, businesses are focusing on their assets and their monitoring.

Remote monitoring systems enable businesses to upgrade and control the products in the field. A user can download software patches instead of making in-person service calls and can remotely adjust the different product parameters and attributes to achieve optimum performance.

Remote monitoring is also used for reducing the cost of service. Connected devices can speed-up time to resolution by linking sensor data and existing knowledge bases, and providing service engineers with accurate information that can speed-up problem diagnosis and resolution. For instance, in an IoT-enabled business, if device failure occurs at a remote location, a user can get enough information about that device before arriving on the site. In this way, a user is well-versed with the problem beforehand and can save time and cost.

NETWORK BANDWIDTH MANAGEMENT

Network bandwidth management is a collection of tools and techniques that can be used by an organization to manage demand across critical segments of the network. Network bandwidth management notifies about outages such as power failure, complete or partial failure of hardware and software components, scheduled maintenance such as software or hardware upgrades, operational errors, and natural calamities. Furthermore, it is helpful in increasing network efficiency by tracking bandwidth and resource consumption. It takes care of the performance and availability of servers and network congestion, thereby increasing the efficiency of connected devices. Network bandwidth management also monitors protocols, end-user generated traffic, and upcoming bottlenecks.

Best IoT Device Management Software

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Deutsche Telekom AG has revolutionized the IT sector by announcing their collaboration for the IoT services on a global platform. Deutsche provides product Industrial Machine Monitoring which is used for transmitting machine data. It enables the networking of machines and devices using industrial protocols like Modbus RTU.

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Einfochips offers digital transformation and connected IoT solutions across various cloud platforms, including AWS and Azure. Einfochips's remote device management platform enables customers to enhance the working experience by delivering high service reliability. It helps in reducing the operating costs and maximizing the device up time, creating a win-win situation. It helps to manage and integrate things for seamless user experience seamlessly.
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Eurotech Group provides hardware and software IoT solutions. They build flexible IT installations that can support new value-added services and asset monitoring applications.
Everyware Cloud is the device management platform offered by Eurotech. It is an open and modular IoT Integration Platform based on a micro-services architecture. 
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KPN provides a complete IoT solution, from device to network, data processing to converting it into valuable information after analysis. It also guides companies regarding how to use the data generated through analysis. KPN provides KPN Equipment Management Package which monitors and manages business assets in the web application supplied. 
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Kudelski Security provides IoT Security Solutions which manages the ongoing security of connected business. It ensures the long term integrity and availability of all IoT devices and data.  It enables the most comprehensive IoT security capabilities which includes robust architecture assessments, an IoT Security Platform that integrates seamlessly with connected devices and provides a simple single interface to manage IoT security.

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An IoT environment consists of thousands of devices and machines. Larsen & Toubro Ltd. Along with its technology arm, L&T Technology Services has built an IoT device management platform to monitor the performance of its machinery, UbiqWeise. The firm monitors its more than 4,000 sensor fitted machines to analyze data and forecast performance. L&T implemented IoT in the smart manufacturing which is used in transferring data from connected devices. It enables smarter decisions and more efficient production operations.
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MTN believes in driving agility and growth through connectivity, communication, and
collaboration. It provides solutions over world-class ICT infrastructure, as a committed
partner to SMEs, corporates and the public sector. It offers a speed of 25.84 tbps using fiber-optic cables connecting MEA to the world. MNT’s IoT solutions are designed to make it easier to automate processes, increase productivity and reduce costs while improving customer service. It fulfils this by focusing on IoT connectivity, IoT Device management, IoT vertical applications and Data analytics.
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Netcracker offers consulting, professional and managed services along with end to end software portfolio for communication and cable service providers. Its product IoT & M2M modules offers  a platform that onboards and runs IoT applications for vertical markets; provides a development environment for third-party IoT providers; and aggregates, stores and transfers traffic between devices and users.

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Netscout Systems offers unprecedented end-to-end application visibility and troubleshooting across entire VMware environment, multi-cloud and legacy, and transformed data center architectures. It provides nGeniusPULSE which works across multi-cloud environment from wherever users need access.
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Oberthur Technologies, now IDEMIA provides technological solutions that cater to secure Smart transactions, digital identity, financial services, connected objects. Oberthur's Smart Connect - Subscription Management, Hub and Entitle provides services into device management to deliver seamless experience to end user.

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The significant contribution that Ooredoo has made pertaining to the business world is the IoT network. With the help of this, one can track and manage all the networked devices as well as the products online. It also helps in measuring data bandwidth consumption along with the flagging of international connections with roaming. The users can have access to the platform, from which they can browse their own IT environments. It provides 24*7 compatibility, which enhances efficiency and flexibility.
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Persistent system flourishes with prebuilt solutions for IoT platforms, including accelerators, to help enterprises. Collective insights from machines and other equipment enable the industry to boost their efficiency and productivity. Persistent also offers automated services in the form of robotic interaction that provides a natural environment to the clients and customers. Their Internet of things services utilizes the power of AI and ‘Smart services’ that enables any enterprise to grow aptly in the digital environment.
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Portugal Telecom or now commonly known as the Altice Telecom, is the largest telecommunications service provider in Portugal. A little early this year, the company announced its new technology names the NarrowBand- IoT. The NarrowBand IoT is a simple connectivity-based model that strives to improve the long-range communications while reducing the costs and making it accessible for all. This will drastically change the way how businesses, organizations, or citizens work.

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SAS provides scalable and open edge-to-enterprise platform bridges IT and operational environments, while spanning the entire analytics life cycle. It provides visualization, statistical modeling, descriptive, predictive and prescriptive analytics. SaS data management platform built on SAS® Data Management platform helps to improve, integrate and govern data.

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Stackpath provides platform for secure edge services which offers powerful serverless computing service that lets developers run code at the cloud’s edge without a server, virtual machine, or container. Edge Computing Virtual Machine is one of its product which deploy virtual machines on an edge platform with multiple locations than centralized cloud locations, getting workload closer to end users and clients.
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Swisscom IoT device management software enables to access the valuable data from the objects, machines, which can be collected and utilized later. The IoT system helps with every step to enhance the expertise level. Swisscom offers Device Management Platform which provides low entry costs, unlimited scalability and helps to successfully implement all conceivable applications for business.
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The Telia Company delivers end-to-end control of your IoT devices and connectivity. Its Telia IoT Platform  gives visibility, control and insight to transform business without getting stuck in technology. It helps to analyse, optimize and predict business processes with real-time visibility. 

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Tenable continuously assesses cloud infrastructure to detect vulnerabilities, malware and misconfigurations across cloud and on-prem environments which gives a unified view into cyber risk so you can better prioritize remediation and benchmark effectiveness against industry peers. Tenable offers two products for device management based on management on cloud and management on premises. Tenable.io® manages data in the cloud and Tenable.sc manages on-prem.

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T-Mobile US offers a low-cost asset tracker perfect for small businesses. It is the first narrowband IoT asset tracking solution. The company has launched a product that can be accessed by all kinds of businesses small and big. Also, as it is less cumbersome, it can be used in areas where there is low network.
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Uptake is known in the world of industrial artificial intelligence for being a leading company, and they also cater to IoT Device Management software. The company deals with the IoT of all kinds of industries including fleet, rails, Oil and Gas, Government etc. Asset IO is the flagship product of the company which deals into OEM-agnostic insights for any machine, connected or not. It does virtual testing and works on Asset health Index.
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UST Global provides value added services for entire IoT ecosystem including platforms, back end systems and services, devices and things. It provides device management services including provisioning, monitoring, diagnostics and firmware updates.

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Virtusa is a data management software expertise in the field of Internet of Things. The platform is committed to delivering results in every area of expertise, playing an essential role in client success as well as social responsibility. Virtusa applies logical reasoning to deliver innovative business outcomes to the enterprises. The system is based on digital innovation engineering and focuses on an approach that provides holistic solutions to every problem.

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Frequently Asked Questions (FAQs)
7 key industries are using IoT for their growth. Communications, Retail, Energy, Manufacturing, Financial Services, Healthcare and Transportation.
IBM Corporation, Aeris Communications, Inc., Microsoft Corporation, Bosch Software Innovations, Oracle Corporation, PTC and Advantech Co. Ltd.
As the technology evolves, an IoT ecosystem keeps on getting complex. The number of connected devices keeps on increasing in order to deliver more data that can increase and improve the proficiency of a business. The devices connected may range from small sensors, single-purpose microcontrollers to powerful gateways that connect the devices form the server. Bug fixes, software updates, and device replacements are part of the system. So as to minimize the downtime while maintaining both hardware and software, organizations must have certain paradigms. An IoT platform’s device management offers certain facilities that can take care of devices and software to reduce the downtime and keep up the productivity like Provisioning and authentication, Configuration and control, Monitoring and diagnostics, Software updates and maintenance.
IoT Device Management market is driven by few key factors like IoT Device Scope, IoT Security, IoT Device Monitoring and Maintenance and Edge Computing in IoT Network.