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As per this study, the Global IoT Data Management market was valued USD 2.46 BN (by revenue) in 2022 and is anticipated to reach USD 28.29 BN by 2030 with a CAGR of 35.7%
IoT data management helps in centralizing a repository system of integrated data and improve business decisions and outcomes. Nowadays, these IoT traffic models are a necessity across every organization, as they provide an extra layer of authentic connectivity between the devices and network-secure IoT data management. Further, they also help in reducing costs and optimizing network performance for both network operators and manufacturers.
Market Dynamics
The rising need for data traffic management, modernization of data warehouse architecture, and technological advancements in wireless technologies are the factors contributing to the growth of the IoT data management market. Also, rising usage of connected devices has increased the demand for IoT data management solutions worldwide, which is further expected to augment the market growth. On the other hand, safety and privacy issues are likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of IoT data management.
Market Segmentation
The broad IoT data management market has been sub-grouped into deployment, solution, application and service. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Category
By Solution
By Service
By Organization Size
By Vertical
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for IoT data management in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global IoT Data Management Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the IoT data management market includes Bosch Software Innovation GmbH, Smith Micro Software, Inc., Advantech Co. Ltd., International Business Machines Corp., Aeris Communication Inc., Microsoft Corp., Oracle Corp., PTC Inc., Proximetry, Telit Communications PLC. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.