IoT Data Management Market to grow by USD 69.28 billion between 2022 - 2027, Growth driven by growing demand for smart homes- Technavio

NEW YORK, Oct. 6, 2023 /PRNewswire/ -- The IoT Data Management Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the IoT data management market between 2023 and 2027 is USD 69.28 billion. 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. Additionally, 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. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge -

• The low awareness of efficient management of IoT initiatives and investments is a major challenge that may hinder market growth. 

Learn about additional key drivers, trends, and challenges available with Technavio. Read the FREE Sample PDF Report Now

The IoT data management market is segmented by Component (Solutions and Services), Deployment (Private/hybrid and Public), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• By Component, 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 resulted 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.
• By Geography, North America is estimated to contribute 39% to the growth of the global market during the forecast period. View the Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the IoT Data Management Market:

Alphabet Inc., Avnet Inc., Cisco Systems Inc., Dell Technologies Inc., EUROTECH Spa, Fujitsu Ltd., Hewlett Packard Enterprise Co., InfluxData Inc., International Business Machines Corp., LogFuze Inc., Oracle Corp., PTC Inc., Robert Bosch GmbH, Salesforce.com Inc., SAP SE, SAS Institute Inc., Siemens AG, Singapore Telecommunications Ltd., Teradata Corp., Striim International Inc.

Related Reports:

The Internet of Things (IoT) Chip Market is estimated to grow at a CAGR of 12.7% between 2022 and 2027. The market size is forecasted to increase by USD 13,853.11 million. 

The cellular IoT market size is estimated to grow at a CAGR of 23% between 2022 and 2027. The market size is forecast to increase by USD 8,073.13 million.  

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Component

Market Segmentation by Deployment

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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