IoT Data Management Market Research Report ‚Äď Global Forecast till 2030

Global IoT Data Management Market, by Component (Solution, Services), by Solution (Data Integration, Data Analytics and Visualization), by Services (Managed Services, Consulting Services), by Deployment (Public Cloud, Private Cloud), by Organization Size (SMEs, Large Enterprises), by Application (Smart Energy and Utilities, Smart Manufacturing, Building and Home Automation) ‚ÄĒ Forecast till 2030

ID: MRFR/ICT/5817-HCR | 100 Pages | Author: Aarti Dhapte | June 2023         

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IoT Data Management Market

IoT Data Management Market to hit US$ 123.56 Billion, Globally, by 2030 at 18.45% CAGR

Segmentation
By Component Solution Services
By Solution Data Integration Data Analytics Visualization
By Services Managed Services Consulting Services
By Deployment Public Cloud Private Cloud
By Application Smart Energy and Utilities Smart Manufacturing Building and Home Automation
Key Players
Companies Profiled   Cisco Systems Inc (US)    Google Inc (US)    IBM Corporation (US)    Hewlett Packard Enterprise (US)    Dell Technologies (US)    Fujitsu Limited (Japan)    SAP SE (Germany)    Oracle Corporation (US)
Drivers
Market Driving Forces   Useful for sophisticated solution in data management    Huge demand from consumer markets    Enhanced security processes
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Market Overview 


The global IoT data management market is moving forward at a CAGR of 18.45% for the forecast period of 2022 to 2030. The IoT data management application is widely used in several top-notch industries. There is huge traffic of data in the international spectrum that is being generated in the webserver every second. Especially, after the internet of things (IoT) technology came along, the numbers have accelerated by a lot. In BFSI, healthcare, retail and consumer marketing, IT and telecommunication, etc industries are pushing more and more connected devices in the market. 


IoT data management is a process of multifaceted processing of data to store and access gigantic amounts of data generating every day. Market experts predicted in 2019 that IoT will produce more than 507.5 zettabytes (507.5 trillion GB) data in the market because of the widespread use of various IoT devices in the market. The process of data management includes data integration, metadata management, data analytics, etc to simplify the access of such scale of data.    


COVID-19 Analysis


There is hardly any major country in the world that hasn’t seen any effect of the COVID-19 pandemic. This infectious disease has fallen upon the human race as a once-in-a-century catastrophe. The global business environment has faced grave challenges due to the pandemic because almost every country went into lockdown for several months. To curb the rate of infections, complete shutdown measures were taken where all manufacturing units, cross-border transportation, and travel, distribution channels, etc were completely stopped. The IoT data management market sales have been affected by the disease also. 


Due to nationwide lockdowns, the economy has been on hold and negative growth for several months. This scenario has reduced the development of technological innovations a lot due to a lowering in primary investments. Investors became resultant to provide funds for the smart buildings and devices in the due course of the pandemic. The affected state of the end-user markets has implications on the market as well. Although, after the lockdowns are over the industries are recovering fast. The internet penetration is more than ever now and the markets are demanding effective data management solutions. This factor will bring growth opportunities for the existing market in the coming years.     


Market Dynamics 



  • Drivers 


The amount of data that is being produced every day is huge. According to the latest estimates, there are 2.5 quintillion bytes of data being produced every day in the present scenario. There are smart vehicles, smart surgical equipment, smart buildings, smartphones, security systems, and many more devices that are connected to the global network via the internet of things (IoT) technology. The pressure from these huge number of devices is pushing the IoT data management market to grow further. Also, the complexity of data processing in several industry verticals such as retail, consumer goods, and smart warehouse management, aerospace, and defense industries is calling for sophisticated solutions in data management. 


Especially metadata management is a crucial need for various industries that drive the global market as well. Apart from data processing and analytics, another crucial aspect is data security. Since a large section of these industries, i.e., BFSI, defense, healthcare, etc, deal with sensitive data, the need to have an intricate security system is quite high. The IoT data management market share is dependent on the requirements of the end-user verticals. In the retail and consumer goods industry, there is a wide usage of IoT-driven warehouse data management systems that updates the inventory and stocks in real-time. These capabilities of the system are increasing the acceptability of data management.      



  • Opportunities 


The rising number of internet users is a promising aspect of the IoT data management market. There will be a longing for data management more than ever after the 5G technology enters the mainstream global market. The emergence of 5G network will expand the horizons of application for IoT devices. Increasing numbers of connected devices will create opportunities for IoT data management as well. In terms of security, data encryption and cloud-based data storage are the two big things in the coming years. The technological progress in the big data market and cloud computing will create greater access for data storage in the future.


Also, end-to-end data encryption is a growing demand from the end-users. The possibilities of encryption security and metadata management are huge. The IoT data management industry is not limited to the IT and computer security markets only. There is a huge demand from consumer markets for IoT data management as well. Enhanced security processes will ensure greater privacy from cybercriminals. Advanced technology and Government initiatives to promote IoT capabilities, and machine-learning, will favor the global market for IoT data management. 



  • Restraints


No industry is without obstacles. In the case of IoT data management, the availability of physical and digital security units is making the growth slower for the market. The human-operated data processing and security facilities are still dominant in the market. Lack of awareness and affordability of the newer technology is another crucial reason that hinders the IoT data management market growth. A large section of the market belongs to the small and medium enterprises (SMEs) of the developing countries. In these markets, there is a lack of investment in the IoT data management set up replacing the older equipment. 


There is a notable lack of skilled and qualified personnel in the market. The technology is new, and the maintenance and operation of these devices are new as well. These operations are the job of skill and expertise, that demands experienced staff in the market to conduct the necessary operations.   



  • Challenges 


There are several difficulties in the exiting system to maintain the service and processes seamless in the future. For instance, the growing number of devices and increasing amount of data generation is a huge challenge itself. The scalability of the existing data management system is not beyond question. In the coming years when the massive load of quintillion bytes of data will be put on the cloud servers, the data management systems will have to manage that effortlessly. The current or existing setup will eventually fall short before the massive requirement of the IoT data management business. 


Apart from the management infrastructure, the system will have to create simplified data access for the global market. For the existing system, it is hard to manage seamless access of data while maintaining the security of the system. In the case of advanced cyberattacks, the integrity of the system can be compromised.     



  • Cumulative Growth Analysis 


The market projections for IoT data management are affirmative to foresee a tremendous growth opportunity in the coming future. The global IoT Data Management market is growing at a CAGR of 18.27% for the forecast period 2020-27. In 2017, the global market recorded a net worth of USD 22.85 billion. Amongst the various IoT data management market segments, metadata management in the consumer and retail market and healthcare industries occupies the largest market share. According to present estimates, the market value will reach USD 62.53 billion by the end of the forecast period.  



  • Value Chain Analysis 


The market for IoT data management heavily relies on distribution channels for growth. The end-users of the data management industry are divided into different verticals that need a wide array of the network to reach the vendors. Latest IoT data management trends show that more than 60% of the household in developed regions like North America owns IoT devices in their households. Internet penetration is a crucial factor for the market. 


Segment Overview 


There are various IoT data management market segments based on solution, services, deployment, etc.


Segments based on solution



  • Data integration 

  • Data analytics 

  • Metadata management 

  • Data Security 

  • Data migration 

  • Others 


Segments based on services 



  • Managed services 

  • Consulting services

  • Support and maintenance services  


Segments based on deployment



  • Public cloud 

  • Private cloud 

  • Hybrid cloud 


Segments based on organization size



  • Large enterprises

  • Small and medium enterprises (SMEs) 


Segments based on application 



  • Smart manufacturing 

  • Smart energy and utilities 

  • Building and home automation 

  • Smart healthcare

  • Smart transportation 

  • Smart retail 

  • Connected logistics 

  • Others


Regional Analysis


Based on region, the market can be segmented into North America, Europe, Asia Pacific, and other regions. The North American countries occupy the largest market share for IoT data management in the world. The Asia Pacific (APAC) region will be the fastest-growing market in the coming future.    


Competitive Landscape 


The global IoT data management market top leaders are – 



  • Cisco Systems Inc (US)

  • Google Inc (US)

  • IBM Corporation (US)

  • Hewlett Packard Enterprise (US)

  • Dell Technologies (US)

  • Fujitsu Limited (Japan)

  • SAP SE (Germany)

  • Oracle Corporation (US) 


Recent Developments 


On Mar.14, 2023, Aruba Networks announced a partnership with reelyActive, an open-source software specialist, to simplify and speed up IoT data migration into Microsoft Azure. The development of a data converter to quickly migrate IoT workloads to Microsoft Azure will help these companies move from project to project almost in a cookie-cutter manner, which was previously impossible.


This will also provide customers with a lower-cost solution to enable their digital transformation without worrying about the roadblocks that they have run into so far while trying to migrate to the cloud. This strategic partnership will combine reelyActive's Pareto Anywhere for Azure and Aruba's IoT Transport for Azure will help channel partners and end customers reformat data and units of measurement to be compatible with Azure applications without requiring custom engineering that usually takes months.


The offering allows IoT endpoint data to be securely streamed to Azure from Aruba's wireless access points by substantially lowering the cost and time required using conventional integration methods while sidestepping the typical security vulnerabilities and challenges. Every time a new IoT device is added, there is a different protocol or data format that those devices are using, so there are multiple layers of problems.


On Jan. 18, 2023, IntelliShift, a provider of connected fleet intelligence platforms, announced that it has won the IoT Analytics Company of the Year Award for its all-in-one platform that enables mixed fleets to manage digital inspections, robust vehicle & equipment maintenance, AI dash cams, telematics, fuel management, and compliance technology at once.


IntelliShift was awarded in the 7th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a well-known market intelligence organization that recognizes the top technologies, products, and companies in the global IoT market. IntelliShift's platform is designed to significantly improve the user experience by streamlining workflows, simplifying data management, and driving integrated data insights to make important decisions.


Report Overview


The report consists of IoT data management market analysis, growth, trends, forecast, and more to develop better and comprehensive strategies in the future.


Report period



  • Historic: 2018

  • Base: 2020

  • Forecast: 2027


Report demography 



  • North America

  • Europe

  • APAC



Report Scope:

eport Attribute/Metric Details
  Market Size   USD 123.56 Billion
  CAGR   CAGR 18.45%
  Base Year   2020
¬†¬†Forecast Period ¬†¬†2022‚Äď2030
  Historical Data   2019
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Solution
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   Cisco Systems Inc (US) Google Inc (US) IBM Corporation (US) Hewlett Packard Enterprise (US) Dell Technologies (US) Fujitsu Limited (Japan) SAP SE (Germany) Oracle Corporation (US)
  Key Market Opportunities   The rising number of internet users is a promising aspect of the IoT data management market.
  Key Market Drivers   The amount of data that is being produced every day is huge.


Frequently Asked Questions (FAQ) :

The global IoT data management market is expected to record a substantial market valuation of USD 123.56 billion.

The global IoT data management market is projected to register a moderate 18.45% CAGR in the forecast period.

The hybrid cloud segment is slated to expand as the fastest-growing segment.

A few major market players operating in the global IoT data management market are Google Inc. (U.S.), Apple Inc. (U.S.), Dell Technologies, Inc. (US), Cisco Systems, Inc. (US), among others.

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major players‚Äô financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
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