IoT Data Management Market, By Region (2017 vs 2022)


Posted September 12, 2017 by akshb08

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%.

 
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 services segment is segmented into managed, consulting, and support and maintenance services. The deployment type segment is categorized into public cloud, private cloud, and hybrid cloud. The organization size segment is categorized into Small and Medium-sized Enterprises (SMEs) and large enterprises. The application area segment is categorized into smart energy and utilities, smart manufacturing, building and home automation, smart healthcare, smart retail, smart mobility and transportation, connected logistics, and others (connected agriculture, media and entertainment, and smart education).

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.

North America is expected to have the Largest Market- 

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, such as big data and analytics, Industrial Internet of Things (IIoT), remote asset management, and cloud; and increased investments in large-scale infrastructure projects by vendors in the APAC region. 

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Top Players Trending During Forecast-

The study measures and evaluates the offerings and 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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Issued By MarketsandMarkets
Website Internet of Things (IoT) Data Management Market Worth 66.44 Billion USD by 2022
Phone +1-888-600-6441
Business Address 701 Pike Street Suite 2175
, Seattle, WA 98101, United States
Country United States
Categories Software , Technology , Telecom
Tags iot , iot data management , iot data management market
Last Updated September 12, 2017