Internet of Things (IoT) Data Management growing at a Compound Annual Growth Rate (CAGR) of 19.3% and accounted for $23.8 Billion in 2016 & is projected to reach $66.44 Billion by 2022. Data management for internet of things forecast on challenges, approaches and opportunities
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The IoT data management market includes various vendors providing IoT data management solutions inclusive of data integration, data analytics and visualization, metadata management, data security, data migration, data quality, data governance, and data orchestration. Companies such as International Business Machines (IBM) Corporation (US), PTC Inc.
(US), Teradata Corporation (US), Dell Technologies, Inc. (US), Cisco Systems, Inc. (US), SAS Institute Inc.
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Key Target Audience
- IoT data management solution providers
- IoT data management service providers
- Cloud service providers
- System integrators
- Consultancy and advisory firms
- Managed service providers and middleware companies
- Wireless infrastructure providers and service providers
- Sensor, location, and detection solution providers
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Table of Contents
1) Objectives of the Study
2) Market Definition
3) Market Scope
4) Years Considered for the Study
7) Research Data
8) Secondary Data
9) Primary Data
10) Breakdown of Primaries
11) Key Industry Insights
12) Market Size Estimation
13) Microquadrant Research Methodology
The modernization of data warehouse architecture, rising need for data traffic management, and technological advancements in wireless technologies are the factors contributing to the growth of the IoT data management market. A modernized data warehouse helps in centralizing a repository system of integrated data.
Furthermore, IoT traffic models area necessity, as they provide an extra layer of authentic connectivity between the devices and network-secure IoT data management. They help in reducing costs and optimizing network performance for both network operators and manufacturers .Insufficient knowledge about IoT business consulting, technology consulting, system designing and integration, data aggregation, and security protocols is a major factor restricting the growth of the IoT data management market.
In the process of determining and verifying the market size of several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is as follows:
- By Company: Tier 1 – 30 %, Tier 2 – 40%, and Tier 3 – 30%
- By Designation: C-Level – 72%, Director Level – 14%, and Others – 14%
- By Region: North America – 57%, Europe – 14%, APAC – 29%
The APAC market is expected to witness significant growth and is projected to be the fastest growing region in the IoT data management market. APAC has witnessed advanced and dynamic adoption of new technologies, and it has always been a lucrative market.
The rise in the use of connected devices has increased the demand for IoT data management solutions in the APAC region. IoT data management solutions have helped APAC organizations enhance their business productivity, improve the time to market for products and services, increase efficiency, and reduce the overall business costs.
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The main objective of the report is to define, describe, and forecast the IoT data management market size on the basis of components (solutions and services), deployment types, organization size, application areas, and regions. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
The report attempts to forecast the market size of the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key market players and comprehensively analyzes their core competencies.
It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, and new product developments, in the market.
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