IoT Data Management Market to Witness ap

Rhea
Rhea 3/16/2020 10:05:17 AM

IoT
Data Management Market to Witness a Pronounce Growth by 2022


In-depth study on IoT Data Management Market by MarketsandMarkets™ provides broad analysis on the
basis of growth, applications and key players which is useful for better
decision making.

According to a new market research "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 IoT Data Management
Market 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 in-depth TOC on "Internet of
Things (IoT) Data Management Market”

60- Tables 

48- Figures

165- Pages

The major factors driving the growth of the IoT Data
Management Market include the modernization of data warehouse architectures and
rise in need for data traffic management. The increasing adoption of data
encryption for IoT device security and growing data intrusion threats are also
some of the factors that are driving the market growth.

The data integration segment is expected have the
second largest market size in the IoT Data Management Market during the
forecast period.

IoT data integration solutions enable organizations
to securely connect, manage, analyze, and integrate real-time IoT data between
connected devices and enterprise applications. Companies are focused on
improving routine procedures such as outage management, predicting asset
performance, and transforming energy data into new services with the help of IoT
data integration. Additionally, data integration solutions integrate data for
machine driven use cases, such as data mining, machine learning, and deep
learning.

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The smart manufacturing application area is expected
to have the largest market size in the IoT Data Management Market during the
forecast period.

Smart manufacturing involves IoT data analytics to
strengthen asset utilization and efficiency. The analysis of both new and old
data offers manufacturers an ease in the decision-making capability and adds
flexibility. It is essential for smart manufacturing companies to include an
intelligence layer in their operation floor. This intelligence layer provides
real-time analytics for manufacturing companies. IoT data management also
provides intelligent operations platforms that deliver real-time machine level
information to enterprise applications. Additionally, manufacturers are
increasingly adopting IoT data management solutions for operational
intelligence, which offers product monitoring across the enterprise portfolio and
back-office information.

North America is expected to have the largest market
share in the IoT Data Management Market during the forecast period.

North America is expected to have the largest market
share and dominate the IoT Data Management Market during the forecast period.
The region has the presence of major sustainable and well-established economies
who invest substantially in Research and Development (R&D) activities,
thereby contributing to the development of new technologies. The region comprises
countries such as the US and Canada, which are witnessing phenomenal adoption
of IoT data management solutions. Growing trends such as Bring Your Own Device
(BYOD), IoT, and Industrial Internet of Everything (IIoE) have resulted in the
tremendous growth of technology adoption in this region. Various government
initiatives, such as smart city projects and telematics programs, are also
favoring the implementation of IoT data management solutions in this region.

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The major vendors in the IoT Data Management Market
include International Business Machines (IBM) Corporation (US), PTC Inc. (US),
Teradata Corporation (US), Dell Technologies, Inc. (US), Cisco Systems, Inc.
(US), SAS Institute Inc. (US), Hewlett Packard Enterprise (HPE) Company (US),
Fujitsu Limited (Japan), Oracle Corporation (US), Google Inc. (US), SAP SE
(Germany), LogMeIn, Inc. (US), Striim, Inc. (US), Zebra Technologies
Corporation (US), LogFuze Inc. (US), InfluxData, Inc. (US), Trustwave Holdings,
Inc. (US), and MuleSoft, Inc. (US).

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Source
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