IoT Data Management Market - Overview
The popularity of connected
devices is predicted to enhance the IoT Data Management Market 2020. The ICT
industry reports are produced by Market Research Future, which highlights
market options for expansion. A CAGR of 18.27% is estimated to spur the
earnings to USD 62.53 billion by 2023.
The surge in internet
diffusion is anticipated to spur the IoT data management market. The need to
secure large volumes of data is projected to enhance the IoT data management
market’s global stake in the forecast period.
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Segmental Analysis
The segmental examination
of the IoT data management market has been conducted on the basis of component,
deployment, application, organization size, and region. The component basis of
segmenting the IoT data management market consists of solutions and services.
The solution segment is additionally segmented into data analytics and
visualization, data integration, data migration, metadata management, data
security, and others. The services segment is additionally segmented into
consulting services, managed services, and support & maintenance services.
Based on deployment, the IoT data management market is segmented into private
cloud, hybrid cloud, and public cloud. By the organization sizes, the IoT data
management market is divided into SMEs and large enterprises. Based on
application, the IoT data management market is segmented into smart
manufacturing, connected logistics, building, and home automation, smart
retail, smart energy and utilities, smart healthcare, smart mobility and
transportation, and others.
Detailed Regional Analysis
The regional investigation
of IoT data management market includes regions such as Asia-Pacific, North
America, Europe, and the rest of the regional markets.
Among the regional markets,
the North American region is anticipated to control the IoT data management
market. The speedy adoption of smart devices and the attendance of a vast
number of vendors for IoT data management market in this region adds to its
position as the largest share. Furthermore, the mounting number of small and
medium-sized firms in this region is encouraging the augmentation of market in
this region. The Asia-Pacific region has enormous potential for development in
this market. The adoption of highly developed technologies, fast mounting IT
infrastructure, and implementation of IoT in the industrial segment are a few
of the significant market motivating factors. The Asia-Pacific region is
projected to develop at the maximum CAGR throughout the forecast period. The European region is also projected to add
considerably to the development of the IoT data management market in the
forecast period.
Competitive Analysis
The inducement of favorable
regulations introduced by the governments of several countries is estimated to
enhance the profits that can be gained by the market. The availability of
suitable means to build robust distribution channels is estimated to
characterize the future expansion of the market in the forecast period. The
scope of development of the market shows a high growth potential that the
market can achieve in the coming years. The strategic allocation and
positioning of assets are expected to aid each competitor in the mart with
their growth goals. The stability of the economic state is expected to further
lend to the favorable development in the global market strength. The
improvement in research and development facilities and equipment is further
projected to influence the growth of the market in the forecast period. The
need to prepare for contingencies such as natural disasters, pandemics, and
international trade wars is expected to allow the market a better capability to
deal with the challenges.
The distinguished
contenders in the IoT data management market are Cisco Systems, Inc. (US),
Google Inc. (US), Hewlett Packard Enterprise (US), SAS Institute Inc. (US),
Dell Technologies, Inc. (US), Oracle Corporation (US), PTC Inc. (US), IBM
Corporation (US), Teradata Corporation (US), Fujitsu Limited (Japan), and SAP
SE (Germany).
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