Device management services for IoT are expected to generate revenues of $20.5 billion by 2023, according to new report released by ABI Research. ABI forecasts that IoT device management services – which include device provisioning, software and firmware updates, and device monitoring – will be a necessary component of any significant IoT solution moving forward, with 70% of revenues being generated within the industrial, automotive, and telematics verticals.
IoT device management revenues to top $20.5b by 2023
