NEW YORK, Aug. 5, 2022 /PRNewswire/ — IoT data management is the process of taking the overall available data and refining it down to important information. It summarizes data online while providing storage, logging, and auditing facilities for offline analyses.
Technavio estimates that the IoT data management market size is expected to grow by USD 94.79 billion from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 13.68% during the forecast period.
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Porter’s Five Forces Analysis
- Threat of Rivalry
The competition among vendors is high. Vendors find it challenging to leave the IoT data management market due to high exit barriers. Significant capital and high fixed costs are required to set up and operate IoT data management companies. These factors increase the rivalry among vendors. Moreover, buyers incur moderate costs while switching between vendors. The market is growing at a significant rate and offers equal opportunities to vendors. These two factors stabilize the rivalry in the market. Hence, the threat of rivalry was moderate in 2021, and it is expected to remain the same during the forecast period.
The IoT data management market is becoming highly competitive. The market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the key vendors operating in the market include Alphabet Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., and Hewlett Packard Enterprise Co.
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The IoT data management market has been segmented by deployment into private/hybrid and public. Among these, the private/hybrid segment will account for the highest market growth.
By geography, the market has been segmented into North America, Europe, APAC, South America, and the Middle East and Africa. North America will have the highest market growth during the forecast period. This growth is attributed to factors such as the strong presence and penetration of top vendors such as Microsoft Corp. and Oracle Corp.
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The growth in industrial automation will drive the growth of the IoT data management market during the forecast period. Industry 4.0 defines the life cycle of products, wherein manufacturing processes by smart machines are carried out on their own. In addition, smart robots coordinate with humans to assemble products, and driverless transport vehicles operate logistics on their own. The integration of cyber systems and physical systems in the industrial manufacturing industries leads to higher efficiency, greater safety, predictive maintenance of machines, and increased profitability. Therefore, industries across the world are implementing Industry 4.0 to optimize material flow and detect errors at the early stages of the life cycle of a product.
Apart from the growth in industrial automation, many other drivers and trends are also shaping the future of the market. View FREE PDF Sample Report to learn about these trends
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IoT Data Management Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 13.68% |
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Market growth 2022-2026 |
USD 94.79 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
18.50 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 35% |
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Key consumer countries |
US, UK, China, Germany, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
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. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse Information Technology Market Research Reports
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 – 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- Private/hybrid – Market size and forecast 2021-2026
- Public – Market size and forecast 2021-2026
- Market opportunity by Deployment
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2021-2026
- Europe – Market size and forecast 2021-2026
- APAC – Market size and forecast 2021-2026
- South America – Market size and forecast 2021-2026
- MEA – Market size and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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