According to a new market research report "Internet of Things (IoT) Data Management Market by Solution (Data Integration, Data Analytics and Visualization, Metadata Management, Data Security), Service, Deployment Type, Organization Size, Application Area, and Region - Global forecast to 2022", published by MarketsandMarkets™, the global market size is expected to grow from USD 27.54 Billion in 2017 to USD 66.44 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.3%.

Browse 60 Market Data Tables and 48 Figures spread through 165 Pages and in-depth TOC on"Internet of Things (IoT) Data Management Market"

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The metadata management solution is expected to grow at the highest CAGR during the forecast period, as enterprises need to continuously manage the data generated by sensor types, functions, locations, manufacturers, and serial numbers. Metadata management also includes the searching of the interpreted data, attributes, types, owner information, and reading values. It is helpful for viewing device IDs, life cycle status, permissions, sensor readings, and forecasts.

The IoT data management market is gaining traction, due to widespread adoption of end-to-end data management platforms for capitalizing IoT data more efficiently and flexibly across organizations. The major factors driving the growth of the market include the modernization of data warehouse architecture, increasing adoption of data encryption for IoT device security, and rising need for data security and data traffic management. Opportunities such as the adoption of mature content models in enterprises, emerging unified metadata services, and efficient processes for increased Return on Investment (ROI) have boosted the adoption rate of IoT data management solutions.

The trending technologies, such as data analytics, blockchain, machine learning, and artificial intelligence, play a vital role in IoT data management. These technologies enable an enterprise to manage and share data with ease, remove single points of failure, and reduce costs. The emerging semantic interoperability of IoT data management solutions enables the interpretation and integration of large volumes of data formats using meta-tagged data.

North America is expected to have the largest market share and dominate the IoT data management market during the forecast period. The region is witnessing increasing adoption of smart connected devices and is adopting emerging trends, such as Bring Your Own Device (BYOD). Asia Pacific (APAC) has witnessed advanced and dynamic adoption of new technologies, and it has always been a lucrative market. The region is expected to grow at the highest CAGR during the forecast period in the IoT data management market, owing to the rapid development in IT infrastructures; adoption of new technologies.

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Key strategies of the major market players, including International Business Machines (IBM) Corporation, PTC Inc., Teradata Corporation, Dell Technologies, Inc., Cisco Systems, Inc., SAS Institute Inc., Hewlett Packard Enterprise (HPE) Company, Fujitsu Limited, Oracle Corporation, Google Inc., and SAP SE. These companies have been at the forefront in offering reliable IoT data management solutions to their commercial clients across the globe.

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