IoT Data Management Market Report Scope

Global IoT Data Management Market Highlights Over 2023 - 2033

The global IoT data management market is estimated to garner a revenue of USD 200.0 Billion by the end of 2033 by growing at a CAGR of ~14% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 46.0 Billion in the year 2022. The growth of the market can be attributed to the surging need for data security. For instance, there has been an increase in the volume of data captured, created, copied, and consumed around the globe accounting for more than 60 zettabytes in the year 2020.

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IoT data management refers to the multifaceted data processing process that stores and accesses massive amounts of data generated every day. It is deployed in two major types, such as private and public clouds. There are basically five stages in the IoT data lifecycle such as generate, collect, analyze, react, and predict. Moreover, the increasing number of data centers is anticipated to surge the growth of the global IoT data management market. For instance, there have more than 7,500 data centers across the globe in the year 2021.

Global IoT Data Management Market: Growth Drivers and Challenges

Growth Drivers

• Rising Internet Penetration- The data is managed through summarizing data online and it is anticipated to surge the growth of the global IoT data management market. As per the World Bank, there has been an increase in the percentage of individuals using the internet from 40 percent in 2015 to 60 percent in 2020.

• Increase in the Artificial Intelligence Trend– More than 35 percent of businesses around the globe are using artificial intelligence.

• Surging Industrial Automation – More than 65 percent of businesses worldwide have adopted the business automation process in one or more business operations.

• Increasing Adoption of Data Analytics– More than 55 percent of organizations across the globe are using data and analytics to drive their process and cost-efficiency.

Challenges

• High Cost for the Deployment of System

• Lack of Technical Professional

• Threat to Privacy

The global IoT data management market is segmented and analyzed for demand and supply by organization size into small & medium enterprises, and large enterprises. Out of them, the large enterprise's segment is anticipated to hold the largest share over the forecast period owing to the rising IoT devices connectivity for the management of data, and the increasing adoption of IoT device security. For instance, there are more than 9.5 Billion IoT devices worldwide in the year 2020.

Global IoT Data Management Market Regional Synopsis

Regionally, the global IoT data management market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of the increasing adoption of Bring Your Own Devices and the rising presence of major players in the region. More than 70 percent of employees use their own personal devices after the COVID-19 pandemic in the United States.

Market Segmentation

Our in-depth analysis of the global IoT data management market includes the following segments:

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Key Companies Dominating the Global IoT Data Management Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global IoT data management market that are included in our report are Cisco Systems, Inc., Dell Technologies, Inc., Fujitsu Limited, Alphabet Inc., Hewlett Packard Enterprise (HPE) Company, InfluxData, Inc., International Business Machines (IBM) Corporation, LogFuze Inc., LogMeIn, Inc., MuleSoft, Inc., and others.

Global IoT Data Management Market: Latest Developments

• February, 2022: Cisco Systems, Inc., announced the enhancements to its internet of things (IoT) portfolio to assist its service provider customers in providing a simpler way to manage LPWAN/4G/5G IoT connectivity for new and emerging use cases.

• August, 2018: Dell Technologies, Inc., announced the introduction of new Internet of Things solutions to automate powerful and actionable insights.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.

• We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal. 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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