IoT Data Management Market size to grow by USD 69.28 billion from 2022 to 2027, The growing demand for smart homes to drive the market growth - Technavio

NEW YORK, June 20, 2023 /PRNewswire/ -- The global IoT data management market size is estimated to grow by USD 69.28 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 14.1% during the forecast period. North America is estimated to account for 39% of the global market growth. For loT data management, the region has always been a lucrative market. And as a result of the region's early adoption of cutting-edge technologies in the manufacturing, retail, and BFSI sectors, there is a higher demand for loT data management. The market in North America expands owing to the substantial presence and penetration of leading vendors like Microsoft Corp. and Oracle Corp. Furthermore, North America is home to some of the most developed economies in the world, which raises the demand for loT data management services like infrastructure, outsourcing, data processing, and Internet services. In addition, the region is developing new IoT data management due to the integration of cloud-based services, automation tools, and AI with operational and supply chain processes. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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IoT Data Management Market - Segmentation Assessment
Segment Overview
This Internet of Things (IoT) data management market report extensively covers market segmentation by component (solutions and services), deployment (private/hybrid and public), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The market share growth by the solutions segment will be significant for overall market growth during the forecast period. In terms of market size, the solutions segment, including software and hardware solutions, dominated the global market in 2022. This was largely due to the growing globalization and the expansion of the geographic reach of IT and retail companies, which results in the production of a lot of data. To conduct data collection and analysis and produce actionable insights into business operations, vendors in the global market offer software solutions to organizations in a variety of end-user industries. Hence. such factors drive the segment growth during the forecast period.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

IoT Data Management Market – Market Dynamics
Key factor driving market growth

• The growing demand for smart homes significantly drives market growth. With the help of technology, the idea of a smart home is rapidly gaining traction as consumers seek to increase domestic convenience. 
• With the main goal of improving the standard of living by making it more cozy, safe, practical, enjoyable, and sustainable, this is an evolutionary development in the residential real estate market.
• The average household can connect appliances such as heating units, lighting systems, air conditioning units, computers, television sets, entertainment systems, security devices, and camera systems with the help of smart home technologies that use high-tech sensors at a reasonable cost.
• And with the help of a smartphone or tablet, the homeowner can manage these appliances.
• Hence, such factors drive the market growth of IoT data management during the forecast period.

Leading trends influencing the market 

• The growing importance of data-driven business outcomes in the industrial sector is an emerging trend in IoT data management market growth. 
• The introduction of cutting-edge technologies such as sensors, RFID, scanners, and digital gauges causes a massive amount of data to be generated.
• The amount of data generated keeps growing as more and more industrial IoT devices are connected and industry managers can use the data produced by these devices to increase productivity by ensuring resource optimization and decreasing downtime.
• Real-time data analytics increases the likelihood of using the collected data in new ways. To increase efficiency and throughput, many providers of IoT data management services and solutions are currently planning to launch data-driven goods, services, and solutions for industrial end users.
• Hence, such trends fuel the growth of the market during the forecast period.

Major challenges hindering the market growth

• The low awareness of efficient management of IoT initiatives and investments is a major challenge that may hinder market growth. 
• Even though the use of loT data management solutions and services is expanding, businesses still have difficulty managing, securing, and maximizing their investments in IoT.
• The first task that industries take up is the implementation of IoT in industrial facilities and the next step is to provide workers with training on using the IoT platform.
• This is so they can become more proficient and quick at adjusting to the IoT. IoT capabilities can only be fully utilized with the right training and understanding of IoT systems.
• Moreover, employee training on IoT systems necessitates the presence of qualified professionals as well as greater end-user investment.
• However, the majority of end-user industries are reluctant to adopt IoT systems because they lack the skilled workforce needed to handle the associated technicalities.
• Hence, such challenges impede the market growth during the forecast period.

Insights on market drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this IoT Data Management Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the IoT data management market between 2023 and 2027
• Precise estimation of the size of the IoT data management market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the IoT data management market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the IoT data management market vendors

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Table of Contents: 

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global IoT data management market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global IoT data management market 2017 - 2021 ($ billion)

• 4.2 Component Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ billion)

• 4.3 Deployment Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Deployment Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

• 6.1 Market segments
• Exhibit 30: Chart on Component - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

• 6.2 Comparison by Component
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Solutions - Market size and forecast 2022-2027
• Exhibit 34: Chart on Solutions - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Solutions - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Solutions - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Solutions - Year-over-year growth 2022-2027 (%)

• 6.4 Services - Market size and forecast 2022-2027
• Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Component
• Exhibit 42: Market opportunity by Component ($ billion)
• Exhibit 43: Data Table on Market opportunity by Component ($ billion)

7 Market Segmentation by Deployment

• 7.1 Market segments
• Exhibit 44: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Deployment - Market share 2022-2027 (%)

• 7.2 Comparison by Deployment
• Exhibit 46: Chart on Comparison by Deployment
• Exhibit 47: Data Table on Comparison by Deployment

• 7.3 Private/hybrid - Market size and forecast 2022-2027
• Exhibit 48: Chart on Private/hybrid - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Private/hybrid - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Private/hybrid - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Private/hybrid - Year-over-year growth 2022-2027 (%)

• 7.4 Public - Market size and forecast 2022-2027
• Exhibit 52: Chart on Public - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Public - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Public - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Public - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Deployment
• Exhibit 56: Market opportunity by Deployment ($ billion)
• Exhibit 57: Data Table on Market opportunity by Deployment ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 95: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Alphabet Inc.
• Exhibit 111: Alphabet Inc. - Overview
• Exhibit 112: Alphabet Inc. - Business segments
• Exhibit 113: Alphabet Inc. - Key news
• Exhibit 114: Alphabet Inc. - Key offerings
• Exhibit 115: Alphabet Inc. - Segment focus

• 12.4 Cisco Systems Inc.
• Exhibit 116: Cisco Systems Inc. - Overview
• Exhibit 117: Cisco Systems Inc. - Business segments
• Exhibit 118: Cisco Systems Inc. - Key news
• Exhibit 119: Cisco Systems Inc. - Key offerings
• Exhibit 120: Cisco Systems Inc. - Segment focus

• 12.5 Dell Technologies Inc.
• Exhibit 121: Dell Technologies Inc. - Overview
• Exhibit 122: Dell Technologies Inc. - Business segments
• Exhibit 123: Dell Technologies Inc. - Key offerings
• Exhibit 124: Dell Technologies Inc. - Segment focus

• 12.6 Fujitsu Ltd.
• Exhibit 125: Fujitsu Ltd. - Overview
• Exhibit 126: Fujitsu Ltd. - Business segments
• Exhibit 127: Fujitsu Ltd. - Key news
• Exhibit 128: Fujitsu Ltd. - Key offerings
• Exhibit 129: Fujitsu Ltd. - Segment focus

• 12.7 Hewlett Packard Enterprise Co.
• Exhibit 130: Hewlett Packard Enterprise Co. - Overview
• Exhibit 131: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 132: Hewlett Packard Enterprise Co. - Key news
• Exhibit 133: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 134: Hewlett Packard Enterprise Co. - Segment focus

• 12.8 InfluxData Inc.
• Exhibit 135: InfluxData Inc. - Overview
• Exhibit 136: InfluxData Inc. - Product / Service
• Exhibit 137: InfluxData Inc. - Key offerings

• 12.9 International Business Machines Corp.
• Exhibit 138: International Business Machines Corp. - Overview
• Exhibit 139: International Business Machines Corp. - Business segments
• Exhibit 140: International Business Machines Corp. - Key news
• Exhibit 141: International Business Machines Corp. - Key offerings
• Exhibit 142: International Business Machines Corp. - Segment focus

• 12.10 Oracle Corp.
• Exhibit 143: Oracle Corp. - Overview
• Exhibit 144: Oracle Corp. - Business segments
• Exhibit 145: Oracle Corp. - Key news
• Exhibit 146: Oracle Corp. - Key offerings
• Exhibit 147: Oracle Corp. - Segment focus

• 12.11 PTC Inc.
• Exhibit 148: PTC Inc. - Overview
• Exhibit 149: PTC Inc. - Business segments
• Exhibit 150: PTC Inc. - Key offerings
• Exhibit 151: PTC Inc. - Segment focus

• 12.12 Robert Bosch GmbH
• Exhibit 152: Robert Bosch GmbH - Overview
• Exhibit 153: Robert Bosch GmbH - Business segments
• Exhibit 154: Robert Bosch GmbH - Key news
• Exhibit 155: Robert Bosch GmbH - Key offerings
• Exhibit 156: Robert Bosch GmbH - Segment focus

• 12.13 Salesforce.com Inc.
• Exhibit 157: Salesforce.com Inc. - Overview
• Exhibit 158: Salesforce.com Inc. - Product / Service
• Exhibit 159: Salesforce.com Inc. - Key news
• Exhibit 160: Salesforce.com Inc. - Key offerings

• 12.14 SAP SE
• Exhibit 161: SAP SE - Overview
• Exhibit 162: SAP SE - Business segments
• Exhibit 163: SAP SE - Key news
• Exhibit 164: SAP SE - Key offerings
• Exhibit 165: SAP SE - Segment focus

• 12.15 SAS Institute Inc.
• Exhibit 166: SAS Institute Inc. - Overview
• Exhibit 167: SAS Institute Inc. - Product / Service
• Exhibit 168: SAS Institute Inc. - Key news
• Exhibit 169: SAS Institute Inc. - Key offerings

• 12.16 Singapore Telecommunications Ltd.
• Exhibit 170: Singapore Telecommunications Ltd. - Overview
• Exhibit 171: Singapore Telecommunications Ltd. - Business segments
• Exhibit 172: Singapore Telecommunications Ltd. - Key offerings
• Exhibit 173: Singapore Telecommunications Ltd. - Segment focus

• 12.17 Teradata Corp.
• Exhibit 174: Teradata Corp. - Overview
• Exhibit 175: Teradata Corp. - Business segments
• Exhibit 176: Teradata Corp. - Key offerings
• Exhibit 177: Teradata Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 178: Inclusions checklist
• Exhibit 179: Exclusions checklist

• 13.3 Currency conversion rates for US$
• Exhibit 180: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 181: Research methodology
• Exhibit 182: Validation techniques employed for market sizing
• Exhibit 183: Information sources

• 13.5 List of abbreviations
• Exhibit 184: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.

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