Increasing Need For Data Security Expected To Boost Global IoT Data Management Market Growth

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Internet of things (IoT) is basically a set-up of networks wherein huge count of devices, sensors, and objects are interconnected to offer value-added services. IoT Data Management is an inclusive management framework that comprises practices, procedures, and architectures developed for appropriate handling of data produced and stored by the devices within an IoT. The factors expected to contribute to the growth of the global IoT data management market during the forecast period include the mounting implementation of end-to-end data management platforms to leverage IoT data more competently. In addition, upgrading of data warehouse architecture, growing employment of IoT device safety for data encryption, and increasing requirement for data traffic management & data security are other factors projected to fuel the market growth.

IoT Data Management

The global IoT data management market is bifurcated based on deployment type, component, application area, organization size, and region. The market, by deployment type, is segregated into public cloud, private cloud, and hybrid cloud. The market, by component, is divided into services and solution. Further, the solution segment is sub-categorized into data migration, data analytics, data integration, data security, metadata management, and others. Likewise, the service segment is sub-divided into consulting services, managed services, and support & maintenance services. The market, by organization size is classified into large enterprises and small & medium-sized enterprises (SMEs). The market, by application, is divided into smart manufacturing building & home automation, smart energy & utilities, smart retail, smart healthcare, connected logistics, smart mobility & transportation, and others.

Regionally, North America is anticipated to govern the global IoT data management market with highest share during the forecast period. This regional expansion can be credited to the varying trends comprising Bring Your Own Device (BYOD), growing espousal of smart connected devices, and existence of huge count of IoT data management players. Likewise, Asia Pacific is also anticipated to witness considerable growth for the IoT data management market during the coming period owing to the mounting implementation of new technologies and swift progress in IT infrastructure.

Few of the prominent players active within the global IoT data management market consist of PTC Inc., Zebra Technologies Corporation, Dell Technologies, Inc., Teradata Corporation, Cisco Systems, Inc., International Business Machines (IBM) Corporation, Fujitsu Limited, SAS Institute Inc., Google Inc., Oracle Corporation, LogMeIn, Inc., SAP SE, Hewlett Packard Enterprise (HPE) Company, Striim, Inc., Trustwave Holdings, Inc., LogFuze Inc., MuleSoft, Inc., and InfluxData, Inc. to cite, in August 2019, a forerunner in cloud data warehouse, hybrid data management, and data integration technology, Actian, declared the introduction of the latest Actian ZenTM embedded database for IoT as well as mobile.

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