35% of growth will come from North America for the IoT data management market. The United States is the key market for IoT data management in North America. Market growth in North America will be faster than the market growth in other regions. The strong presence and penetration of major vendors such as Microsoft Corp. and Oracle Corp. will facilitate the growth of the North America IoT data management market over the forecast period. The IoT data management market is expected to grow by $94.79 billion from 2021 to 2026. However, the growth momentum is expected to slow to a CAGR of 13.68% according to Technavio’s latest market report. The IoT data management market to record a 18.50% ANNUAL growth rate in 2022.

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IoT Data Management Market – Pilot
The key factor driving the growth of the IoT data management market is the growth of industrial automation. The industrial environment is currently experiencing evolutionary changes with increasing process automation. The combination of physical and digital systems has improved HMI and enabled M2M communication. Industry 4.0 defines the entire product lifecycle where manufacturing processes by smart machines are carried out by themselves, smart robots coordinate with humans to assemble products, and driverless transport vehicles have started managing the logistics themselves. The integration of cyber and physical systems in industrial manufacturing industries enables greater efficiency, greater safety, predictive machine maintenance and increased profitability. Therefore, industries around the world are implementing Industry 4.0 to optimize material flow and detect errors at the early stages of a product’s life cycle.

IoT Data Management Market -Challenge

the unfamiliarity with effective management of IoT initiatives and investments will be a major challenge for the IoT data management market during the forecast period. Although the adoption of Industrial IoT is on the rise, enterprises continue to face a significant challenge in managing, securing and optimizing their IoT investments. Implementation of IoT in industrial facilities is one of the major tasks undertaken by industries. The next step is to train employees to work on the IoT platform to enable workers to adapt better and faster to IoT. The lack of skilled employees to handle the complexities of IoT systems is a major problem faced by end-user industries. Without proper training and knowledge of IoT systems, the capabilities of IoT can only be partially exploited. These factors pose a challenge for the adoption of IoT and IoT device data collection and management platforms across industries, thereby hampering the growth of the market.

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Some of the major players in IoT data management:
The IoT data management market is fragmented and sellers deploy organic and inorganic growth strategies to compete in the market.

  • Alphabet Inc.
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise Co.
  • International Business Machines Corp.
  • Oracle Corp.
  • PTC Inc.
  • SAS Institute Inc.
  • Teradata Corp.

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IoT Data Management Market Deployment Outlook (Revenue, USD Billion, 2021-2026)

  • Private/Hybrid – size and forecast 2021-2026
  • Audience – size and forecast 2021-2026

Geographical Outlook of the IoT Data Management Market (Revenue, USD Billion, 2021-2026)

  • North America – size and forecast 2021-2026
  • Europe – size and forecast 2021-2026
  • APAC – size and forecast 2021-2026
  • South America – size and forecast 2021-2026
  • MEA – size and forecast 2021-2026

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IoT Data Management Market Scope

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Decelerating at a CAGR of 13.68%

Market Growth 2022-2026

$94.79 billion

Market structure

Fragmented

Annual growth (%)

6:50 p.m.

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 35%

Main consumer countries

US, UK, China, Germany and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Alphabet Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Oracle Corp., PTC Inc., SAS Institute Inc. and Teradata Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.