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IoT Data Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers IoT Data Management Market Forecast and it is segmented by Solution (Integration, Migration, Analytics, Storage, Security), End User (Automotive, Healthcare, Government, Manufacturing, Energy & Utility), and Geography.

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IoT Data Management Market Size

IoT Data Management Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 16.58 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

IoT Data Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of IoT Data Management Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

IoT Data Management Market Analysis

The IoT Data Management Market is expected to grow at a CAGR of 16.58% during the forecast period (2021 - 2026). The report profiles the vendors of IoT management solutions, including data integration, security, analytics, and storage solutions for various industries.

  • The IoT refers to the vast network of devices and physical objects that connect to the Internet to recognize and communicate with other devices and objects. This process of interaction is expected to generate data that must be captured and managed. Most importantly, the data generated must be analyzed according to the context as sensor data reveals almost no patterns.
  • The modernization of data warehouse architecture, growing need for data traffic management, and technological advancements in wireless technologies are the factors that are expected to contribute to the growth of the IoT data management market.
  • According to Cisco, IoT is expected to generate about 507.5 zettabytes (1 zettabyte = 1 trillion gigabytes) of data by 2019. Managing, screen through, and analyzing data is expected to pose a massive challenge for organizations. Data Analysis will be crucial if IoT initiatives are expected to provide insights to drive higher productivity and revenues.
  • However, though there are ample opportunities to extract value from the data generated in the world of IoT, the rapid growth in intelligent devices presents many challenges, significantly impacting the architecture of IoT service making it extremely difficult to harness data. End to end security of Data, Integration with IT systems and data analysis is some of the other formidable challenges that IoT presents for the enterprises.

IoT Data Management Market Trends

This section covers the major market trends shaping the IOT Data Management Market according to our research experts:

Security Solutions to Witness the Fastest Growth

  • With new devices being rolled out constantly for both home and business automation, the pace of attacks being generated by IoT botnets is also expected to continue to increase. Cloud services are experiencing high adoption, owing to the demand for IoT. This rise in the use of cloud systems across various verticals has increased the vulnerabilities of these systems to data breaches.
  • With so many providers offering multiple solutions, the need for a uniform security platform to remain uncompromised, with IoT security not just for devices, but also communication, data storage, and lifecycle solutions is increasing
  • According to a recent survey by Ponemon Institute and the Shared Assessments Program, at least 81 percent of risk oversight and corporate governance professionals believe a serious data breach by an unsecured IoT device within their company is long overdue and is expected to occur within the next two years.
  • Further, this has led to the possibility of new laws to regulate IoT. For example, the bipartisan ‘Internet of Things Cybersecurity Improvement Act of 2019’ is making the rounds in Washington.
  • IoT devices offer an open window for hackers to access sensitive user information. For instance, recently, hackers obtained data about the customers of a casino by gaining access to the smart thermostat used inside the casino’s connected aquarium.
IoT Data Management Market Trends

North America is Expected to Hold the Largest Market Share

  • North America’s robust automotive market is striving toward a complete self-driving ecosystem over the next decade, coupled with the growing demand for fleet management and intelligent transportation systems by courier delivery giants, such as FedEx, is expected to have a positive impact on the market growth.
  • Apple, Amazon, and Google smart gadgets, such as watches and speakers, have established themselves in the North American marketplace. Increased integration of smart wearables to IoT devices driven by the adoption of smart homes in the region is expected to drive the need for data management solutions.
  • This has created the need to manage large volumes of data while ensuring security and also integrating various devices in the smart home ecosystems. These factors have been instrumental in augmenting the market and driving innovations in data management solutions offered by the vendors.
  • According to research conducted by Stanford University in collaboration with Avast North American homes have the highest density of IoT devices in the world.
  • The research adds that 66% of homes in North America have at least one IoT device, as against the global average of 40%. 25% of North American homes have more than two devices.
IoT Data Management Market Growth

IoT Data Management Industry Overview

The IoT Data Management market is a highly competitive market. The widespread use of IoT across industry verticals has resulted the boom in the number of opportunities that the industry offers. Though dominated by a few major players in the market as of now, the market is expected to witness the entry of a number of players as the depth of IoT applications across industries increases. Some of the recent developments of the market are as follows:-

  • August 2019 - Actian, a pioneer in hybrid data management, cloud data warehouse, and data integration technology, announced the launch of the new Actian ZenTM embedded database for both mobile and IoT.
  • Feb 2018 - Google acquired Xively from LogMeIn for USD 50 million, giving Google Cloud an established IoT platform to add to their product portfolio as it intends to use this as a springboard in the growing IoT market.

IoT Data Management Market Leaders

  1. SAP SE

  2. IBM

  3. PTC Inc.

  4. Cisco Systems, Inc.

  5. Teradata Corporation

*Disclaimer: Major Players sorted in no particular order

SAP SE, IBM, PTC Inc., Cisco Systems, Inc., Teradata Corporation
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IoT Data Management Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Dynamics

    3. 4.3 Market Drivers

      1. 4.3.1 Proliferation of Connected Devices and Snowballing Growth in Data Volumes

      2. 4.3.2 Need for Data Security and Data Traffic Management

    4. 4.4 Market Restraints

      1. 4.4.1 Lack of End-to-end Solutions

      2. 4.4.2 Lack of Techniques that allow Seamless IT systems and Application Integration

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Solution

      1. 5.1.1 Integration

      2. 5.1.2 Migration

      3. 5.1.3 Analytics

      4. 5.1.4 Storage

      5. 5.1.5 Security

    2. 5.2 By End-User

      1. 5.2.1 Automotive

      2. 5.2.2 Healthcare

      3. 5.2.3 Government

      4. 5.2.4 Manufacturing

      5. 5.2.5 Energy and Utility

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 SAP SE

      2. 6.1.2 IBM Corporation

      3. 6.1.3 PTC Inc.

      4. 6.1.4 Cisco Systems, Inc.

      5. 6.1.5 Teradata Corporation

      6. 6.1.6 SAS Institute Inc.

      7. 6.1.7 Fujitsu Limited

      8. 6.1.8 Oracle Corporation

      9. 6.1.9 Google Inc.

      10. 6.1.10 Hewlett Packard Enterprise Company

    2. *List Not Exhaustive

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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IoT Data Management Industry Segmentation

IoT Data Management is a comprehensive management framework that includes architectures, practices, and procedures developed for proper management of data generated and stored by the objects within an IoT.

By Solution
Integration
Migration
Analytics
Storage
Security
By End-User
Automotive
Healthcare
Government
Manufacturing
Energy and Utility
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
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IoT Data Management Market Research FAQs

The IoT Data Management Market is projected to register a CAGR of 16.58% during the forecast period (2024-2029)

SAP SE, IBM, PTC Inc., Cisco Systems, Inc. and Teradata Corporation are the major companies operating in the IoT Data Management Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in IoT Data Management Market.

The report covers the IoT Data Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the IoT Data Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

IoT Data Management Industry Report

Statistics for the 2023 IoT Data Management market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. IoT Data Management analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

IoT Data Management Market Report Snapshots

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IoT Data Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)