Data Projects the IoT Device Management Market is Set to Grow Rapidly

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The internet of things (IoT) is the new segment of the tech sector that is expected to grow exponentially. This sector is expanding its reach in both the home and industrial settings. Wikipedia describes IoT as "the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data." According to a report by Grand View Research, the global IoT device management market size was pegged at USD 605.9 Million in 2016 and is expected to expand at a CAGR 28.3% over the forecast period. Major players in the IoT industry are undertaking various initiatives, such as formation of Open Mobile Alliance (OMA), for standardizing protocols. These solutions are designed to improve efficiency in manufacturing, automobile, and other industries. IoT solutions enable efficient management of devices and connected assets providing network security, authentication, and API security to users. Cemtrex, Inc., Oracle Corporation, Qualcomm Incorporated, PTC Inc. (NASDAQ: PTC), Altair Engineering Inc.  

The growing adoption of the internet of things (IoT) helped to advance two fast growing segments—the Smart Office Market and the Smart Home Automation. The global smart home automation market size was valued USD 46.15 Billion in 2016 and is expected to gain traction over the forecast period, owing to its rapid adoption across residential applications. The global smart office market size is expected to reach USD 57.05 Billion by 2025. "Organizations are constantly evolving due to changing workforce demographics and technological expectations of modern employees and employers. As a result, a large number of organizations across the globe are anticipated to shift toward smart offices. Rising concerns regarding energy consumption are also likely to augment the market," Grand View Research explained.

Cemtrex, Inc. earlier last week announced breaking news that, "the showcase of its flagship smart device, the SmartDesk, at this year's Pepcom Holiday Spectacular. The event will be held Thursday, October 25, 2018 at the Metreon City View in San Francisco. Cemtrex's representatives will be on-site to assist in demonstrations of its highly anticipated SmartDesk.

Cemtrex's SmartDesk is poised to be the most advanced workstation on the market. A blend of futuristic hardware and groundbreaking productivity software, the SmartDesk delivers an efficient user experience in a luxurious package. With a 72-inch, high resolution multi-touch display, integrated proprietary touch and touchless gestures as well as the ability to draw and scan documents directly on the desk, wireless connectivity for full access to the cloud, and next-generation wireless charging capabilities for mobile devices, the SmartDesk is the next step in the evolution of the modern workplace.

Pepcom Holiday Spectacular offers a great opportunity to showcase our groundbreaking SmartDesk to the Bay Area's most influential reporters, editors, writers and analysts,' said Cemtrex's CEO and Chairman, Saagar Govil. 'Each event we participate in continues to increase the overall interest in the SmartDesk and the Company. Pepcom is the perfect event to feature our SmartDesk as shipments begin in the coming weeks and we look to ramp up interest.'

Cemtrex, Inc. (CETX) is the manufacturer of the SmartDesk, the world's most advanced workstation. Cemtrex is a diversified technology company that's driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems."

Oracle Corporation offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. To streamline overall operations and campus experiences, California community colleges, San Bernardino Community College District (SBCCD) and San Joaquin Delta College (SJDC) recently announced they are using Oracle Cloud Applications. The depth and breadth of Oracle cloud solutions are helping the colleges transform and standardize business systems to drive sustainable cost reductions, provide greater insights through real-time analytics and improve overall services for students, faculty, staff and vendors. "Like many business enterprises, higher education institutions navigate a complex environment of financial, political, and community based factors to achieve optimal success in running their organizations," said Keith Rajecki, Senior Director, Oracle Higher Education. "Oracle cloud solutions deliver proven, enterprise-grade tools to empower community colleges to effectively deliver enhanced higher education experience for students, faculty and employees while increasing productivity and efficiency across their colleges."

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