IoT Data Management Market Size To Expand at a Notable CAGR Of 15.97% During 2024 - 2032

MRFR Press Release/- Market Research Future published a half-cooked research report on global IoT data management market.

Market Highlights

Rise in need for data traffic management caused due to tremendous amount of data generated from smart connected devices is boosting the demand for IoT data management market. Other factors such as growing trend of bring your own device (BYOD), increasing number of startups and growth of industrial IoT (IIoT) are also creating the need for IoT data management. Moreover, rising data intrusion threats and data encryption for IoT device security are also driving the market growth.

The Global IoT Data Management Market is expected to reach USD 131.27 billion by 2032, growing at a CAGR of 15.97% during the forecast period 2024-2032.

Key players

The key players in the IoT data management market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – IBM Corporation (US), Dell Technologies, Inc. (US), Cisco Systems, Inc. (US), Google Inc. (US), SAS Institute Inc. (US), Hewlett Packard Enterprise (US), Fujitsu Limited (Japan), Oracle Corporation (US), PTC Inc. (US), Teradata Corporation (US), and SAP SE (Germany). These players contribute a major share in the growth of IoT data management market.

Apart from the top key players, there are other players that contribute to the market growth. These include Trustwave Holdings, Inc. (US), Logmein, Inc. (Hungary), Mulesoft, Inc. (US), Striim, Inc. (US), LogFuze Inc. (US), InfluxData, Inc. (US) Zebra Technologies Corporation (US), and others.

Regional Analysis

The IoT data management market is estimated to grow at a significant rate during the forecast period from 2024 to 2032. The geographical analysis of IoT data management market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). North America is the largest revenue generating segment and is expected to continue its dominance during the forecast period. High share of smartphone ownership, internet penetration and rapid adoption of advanced technologies is leading to generation of large volumes of data, thereby creating need for IoT data management in this region. The US dominates the market with high revenue share and is expected to continue its dominance during the forecast period. North America also has established players in this market, thereby contributing to the growth in this region.

Asia-Pacific region has immense potential for growth in this market. Adoption of advanced technologies, fast developing IT infrastructure and adoption of IoT in industrial segment are some of the important market driving factors. Asia-Pacific is expected to grow at the highest CAGR during the forecast period.  Europe is also expected to contribute significantly to the growth of IoT data management market during the forecast period.