Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.63 Billion | USD 57.26 Billion | 32.2% | 2024 |
FrequentlyAsked Questions
IoT Data Management refers to the process of collecting, storing, processing, analyzing, and securing the vast amounts of data generated by Internet of Things (IoT) devices. Since IoT systems consist of interconnected sensors, devices, and machines that continuously produce data, efficient management is crucial for deriving actionable insights and ensuring smooth operations.
The global IoT data management market is expected to grow due to increasing adoption of IoT devices, rising demand for real-time data analytics, growing need for secure and scalable data storage solutions, and advancements in cloud computing and edge computing technologies.
According to a study, the global IoT data management market size was worth around USD 4.63 Billion in 2024 and is expected to reach USD 57.26 Billion by 2034.
The global IoT data management market is expected to grow at a CAGR of 32.2% during the forecast period.
North America is expected to dominate the IoT data management market over the forecast period.
Leading players in the global IoT data management market include Teradata Corporation, IBM Corporation, PTC Inc., SAS Institute Inc., Dell Technologies Inc., Cisco Systems Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, Google Inc., Oracle Corporation, SAP SE,, among others.
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