IoT Data Management Market - Global Industry Analysis

IoT Data Management Market

IoT Data Management Market Business Outlook, Size, and Demand

Category: Technology & Media Report Format : PDF Pages: 160 Report Code: ZMR-3308 Published Date: Apr-2022 Status : Published

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Free Analysis

IoT (Internet of Things) is a network formed of numerous electronic devices such as sensors and a software program embedded with various physical devices. The main motive of IoT is to facilitate the uninterrupted transfer of data. IoT data management involves managing a large volume of data.

Globally traffic management is the biggest hurdle encountered by emerging countries. In order to resolve such traffic relevant issues, IoT data management is immensely opted in developing regions. For organizing congested traffic, umpteen cameras are being installed in the targeted areas. The data gathered from the CCTV feed are later transferred to the respective traffic control room through IoT data management. IoT data management is highly preferred for gathering the data of traffic-congested regions; these, later on, assist in redirecting vehicles from the target region. Gathered information from IoT based data management helps in detecting actual accident spot and later on it communicates to the nearest emergency center as well. Developed regions such as North America and Europe have already opted for IoT-based data management in order to resolve traffic congestion issues. Thus this factor is immensely driving the IoT data management market.

Global IoT Data Management Market

Even though IoT data management owes significant importance in traffic management, it has few limitations too. IoT solutions are difficult to implement in areas suffering from issues such as road zoning, planning, and other infrastructural issues, thereby restraining its adoption to some extent. The high adoption rate of data content maturity model in numerous sectors such as enterprise is globally boosting the demand for metadata services, hence anticipated to create enormous opportunities for the IoT data management market.

The IoT data management market is segmented based on solution, service, application area, deployment type, and region. The solution segment includes metadata management, data analytics, and visualization, data integration, data migration, data security, and others. In the solutions, metadata management segment is anticipated to grow rapidly in upcoming years. Metadata management is highly implied in enterprise sector and there is a constant need of managing the gathered data from locations, sensors, and manufacturers. On the basis of services, the IoT data management market is bifurcated into managed services, support, and maintenance services, and consulting services. The consulting service segment is observed to hold a substantial share, owing to high demand for IoT data management in HR and finance segment. Based on opted deployment procedure, the IoT data management market is segmented into private cloud, public cloud, and hybrid cloud. Presently, public cloud segment holds significant share as they require low maintenance and is comparatively low in cost. IoT data management is implied in diversified applications including smart manufacturing, smart healthcare, smart energy, and utilities, building and home automation, smart retail, and smart mobility and transportation, among others. Smart manufacturing segment is anticipated to grow rapidly in the upcoming years due to flourishing demand for data management of product generation and transaction data. Geographically, the market is bifurcated into five regions North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is anticipated to grow significantly in the forecast period. Emerging demand for automation in developing countries such as India and China has fueled the market growth in Asia Pacific.

As the IoT data management market is in its emerging state key players are highly focusing on possible technical advancements. Globally, the renowned key players of IoT data management are SAS Institute Inc., Fujitsu Limited, Teradata Corporation, Dell Technologies, Inc., Oracle Corporation, Cisco Systems, Inc., International Business Machines (IBM) Corporation, PTC Inc., Hewlett Packard Enterprise (HPE) Company, SAP SE, and Google Inc., among others.

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