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IoT Data Management Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2027

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Shweta Raj
IoT Data Management Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2027

Global IoT Data Management Market, by Component (Solution, Services), by Solution (Data Integration, Data Analytics and Visualization), by Services (Managed Services, Consulting Services), by Deployment (Public Cloud, Private Cloud), by Organization Size (SMEs, Large Enterprises), by Application (Smart Energy and Utilities, Smart Manufacturing, Building and Home Automation) — Forecast till 2027

Market Overview

Today every company depends on internal data and information a lot. Since companies are adapting to new technologies, organizations also look for data management platforms. These data management platforms need to be intelligently powered with IoT data management solutions. With the use of these end-to-end data management platforms, there are prospects for IoT Data Management Market growth in the future. The modernization of data management software and its warehouse architecture points at a growth opportunity for the IoT Data Management Market. The industries focus on the concerns of data security and large-scale data traffic management, which gives the window to IoT Data Management systems for application in different fields.

The growing number of connected devices and portable solutions is a reason behind the great growth rate of the IoT Data Management Market.  This also means that there is a high internet penetration in the data management sector which is great for the IoT Data Management Market Size. The amplified use of smartphones and mobile devices in a general context is also a contributing factor in the growth of the IoT Data Management Market Size. Organizations are becoming more dependent on cloud-based services. These trends also help in the growth of the IoT Data Management Market Size.

The trends of IoT Data Management Market growth will also continue over the IoT Data Management Market forecast period. According to reports, the valuation of the IoT Data Management Market in 2017 was at a mere 22.85 billion. The valuation is to multiply by nearly four times and reach the mark of 62.53 billion by 2023. IoT data management platforms increase in use as organizations adopt more IoT-enabled platforms-as-a-service model of data management. Nevertheless, the increased adoption of technology augurs well for the IoT Data Management Market forecast. IoT-enabled data management platforms enhance the user experience and resource efficiency of the system.

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Market Segmentation

The primary segmentation of the IoT Data Management Market bases upon the components of the platform. Another primary segment bases upon the deployment of such systems. The component segment further divides into solutions and services. The solutions segment has subsets of data integration, data analytics, and visualization. The solutions segment also includes subsets of metadata management, data security, and data migration. Similarly, the services segment bifurcates into consulting services, managed services, and support and maintenance services. By the segment of deployment, the IoT Data Management Market platforms divide into private cloud, public cloud, and hybrid cloud. All the primary categories of the IoT Data Management Market contribute to the IoT Data Management Market outlook.

Regional Overview

The IoT Data Management Market forecast is incomplete without a regional overview of the market across the globe. The regional markets of North America, besides Europe, as well as the Asia Pacific, contribute to the IoT Data Management Market outlook in a major way. The minor contributors come from dispersed markets from the rest of the world. The rapid adoption of smart devices and high-speed internet networks in North America makes it the dominant regional market for the forecast period. The IoT Data Management Market has a CAGR of 18.27 percent for the coming years. The Asia Pacific region projects the highest growth numbers till 2023.  

Industry News

The key players of the IoT Data Management Market outlook every year are Dell Technologies and  Oracle Corporation. Other companies are Google Inc., IBM, Cisco, and SAP SE. Most of the contributors belong to the USA. However, other significant contributors also belong to Europe and the Asia Pacific. It is noteworthy that key players of the IoT Data Management Market spearhead research and development, acquisitions and mergers that power the sector during the IoT Data Management Market forecast period.

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