Market Overview:
Managing IoT data necessitates the development and implementation of architectures, rules, practises, and procedures that better address the entire data lifecycle requirements, posing specific challenges. Traditional big data infrastructure and methods must be rethought and extended. If the number of heterogeneous integrated systems grows, scalability and interoperability problems arise, necessitating the use of a scalable middleware interface to handle all of the sources as well as all of the data processing and development activities. Data governance reduces security threats by specifying knowledge access. The jurisdiction and power over handling data properties is referred to as data governance. Data Governance was previously used to define an IT-centric service. Data Governance is becoming more important to any user in the IoT environment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM Corporation (United States), Google Inc. (United States), Oracle Corporation (United States), SAP SE (Germany), PTC Inc. (United States), Teradata Corporation (United States), Dell Technologies Inc. (United States), Cisco Systems Inc. (United States), Hewlett Packard Enterprise Company (United States) and Fujitsu Limited (Japan) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of IoT Data Governance Market Study:
IBM Corporation (United States), Google Inc. (United States), Oracle Corporation (United States), SAP SE (Germany), PTC Inc. (United States), Teradata Corporation (United States), Dell Technologies Inc. (United States), Cisco Systems Inc. (United States), Hewlett Packard Enterprise Company (United States) and Fujitsu Limited (Japan)
IoT Data Governance Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Data Integration, Data Migration, Data Analytics, Data Storage and Data Security |
Deployment Mode | Cloud,On-Premise,Hybrid |
Industry | Banking, Financial Services and Insurance (BFSI),Retail Industry,Hospitality Industry,Automotive Industry,Healthcare Industry,Others |
Enterprise | Large Enterprise,Small and Medium Enterprises (SMEs) |
Component | Software,Service (Managed, Professional) |
Influencing Trend:
Emergence of Integrated Chipsets and Unified Metadata Services
Market Growth Drivers:
Growing Demand for Data Security and Data Traffic Management, Energy and Cost-Efficient Properties and Implementation of Data Encryption for IoT Device Security
Challenges:
Installation in Remote Regions, Maintenance Costs and Fierce Competitive Pressure
Restraints:
Slow Rate of Data Transmission, Lack of Skilled Professionals and Complementary Technologies
Opportunities:
Rising Number of Smart Cities Across Nations, Demand for Secure IoT Infrastructure and Low Penetration in Emerging Regions Particularly West Asia
Some of the other players that are also part of study are Accenture plc (Ireland), Altos SE (United States), SAS Institute Inc. (United States), MuleSoft, LLC (United States) and Zebra Technologies Corporation (United States). The Global IoT Data Governance market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In February, 2021 - NXP Launched New Flexible IoT Cloud Platform Called “EdgeLock 2GO” Engineered to Securely Manage and Connect Edge Devices. EdgeLock 2GO is Paired with the EdgeLock SE050 Protected Element to Offer an End-To-End Security Solution for IoT System Manufacturers and Service Providers, From Edge to Cloud.
In May, 2018 - Salesforce Completes Acquisition of MuleSoft (Leading Application Network Platform Provider), the Acquisition is Aimed to Develop Advance IoT Data Secure Platform for its Diverse Range of Client Base. and On 13th October, 2020 - Atos Announced Its Acquisition of digital.security (Advance Cybersecurity Solution Provider), This Acquisition Adds to Altos’ Cybersecurity Capabilities with Integration of digital.security’s Expertise in Iot Security for Iot Threats and Vulnerabilities.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global IoT Data Governance market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in IoT Data Governance market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes IoT Data Governance Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.