Industry Background:
The IoT refers to the huge network of devices and physical objects that connect to the web to acknowledge and communicate with alternative devices and objects. the appearance of IoT Data Management and therefore the technologies that emerged from it, like connected devices and therefore the means they convey, hosts an enormous quantity of data that must be managed. From traffic management systems or instrumentality during an industrial plant to energy meters during a home, smart devices produce an outsized volume of data that demands data storage, processing, networking, and analytics. IoT data management is the field catering to digitization.This growth is primarily driven by Rapid Development in IT Infrastructure for Catering Digitization
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
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 |
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as International Business Machines (IBM) Corporation (United States), PTC Inc. (United States), Teradata Corporation (United States), Dell Technologies, Inc. (United States), Cisco Systems, Inc. (United States), SAS Institute Inc. (United States), Hewlett Packard Enterprise (HPE) Company (United States), Fujitsu Limited (Japan), Oracle Corporation (United States), Google Inc. (United States) and SAP SE (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Hitachi Vantara, the digital infrastructure, data management, and digital solutions subsidiary of Hitachi Ltd. acquired data management innovator Io-Tahoe. This acquisition will help for the digital transformation of critical social infrastructure sectors such as energy, transportation, financial services, healthcare, and manufacturing.
The global market for IoT data management is fragmented by global players which are catering to the demand of digitization and globalization of companies and enterprises for rapid cloud computation and data management with help of the Internet of Things. Players should invest in research and development and integration of additional tools to make the user-friendly management dashboard and help the clients to grow in respective applications like healthcare, automotive, etc.
Influencing Trend:
Integration of Automation with IoT Data Management and Employment of Advanced Communication Technologies like 5G, Broadband
Market Growth Drivers:
Rapid Development in IT Infrastructure for Catering Digitization and Increasing Demand for the Advanced Technologies for Operations and Data Management
Challenges:
Requirement of Skilled IT Personnel for the Operations and Data Management
Restraints:
High Risk of Cyber threats and Malware Attacks
Opportunities:
Rising Employment of Smart Devices and Cloud-Based Data Management Solutions to Withstand High Amount of Data
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly 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 Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of IoT Data Management Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of IoT Data Management Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of IoT Data Management players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, IoT Data Management Study Sheds Light on
The IoT Data Management Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the IoT Data Management industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where IoT Data Management industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.