The Internet of Things (IoT) has the ability to transfer the data without the interference of the humans or machines, as it is a system that consists of interrelated computing devices provided with unique identifiers. The IoT data management deals with the management of these data, which are in huge volumes.
The global market for the internet of things data management is fragmented into its application, connectivity technology, services, and the industrial verticals. Depending on the applications, the global market is segregated into products and services, premises monitoring, supply chain monitoring, customer monitoring, and others. Depending on the connectivity technology, the market is categorized into NFC, cellular and satellite networks, RIFD, optical tags and QR codes, and others. Depending on the services, the market is divided into information aggregation services, ubiquitous services, identity-related services, and collaborative-aware services. Depending on the industrial verticals, the market is bifurcated into industrial equipment manufacturing, food and cultivating equipment manufacturing, automotive manufacturing, electronics and communication equipment manufacturing.
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The major factor driving the internet of things data (IoT) management market is the increased rate of investments that are made by several market players for the development of this technology. This is due to the factor that the companies are finding ways to reduce their costs, find innovative and novel business solutions to reach out to the customer, and to develop smart products. The developments made in the data analytics are a major factor that contributes to the growth of the market. The benefits that are obtained from the IoT technology are the increased rate of the customer-lifetime-value, developing good bonding with the customer, informing the customers about the new product launch and its features, and increase the standard of product quality. All these factors are positively affecting the market growth.
The geographical diversification of the global internet of things (IoT) data management market includes the Middle East and Africa, North America, Asia Pacific, Latin America, Eastern Europe, and Western European regions. The region that is dominating the IoT data management market in North America. The factors that are contributing to the market growth in this region are the developments that are made in the advancement of the technologies and the investments that are made in the research and development activities. The regions in the North America region such as the U.S. and Canada are highly adopting the IoT data management solutions. The market is growing significantly in the Asia Pacific and European regions owing to the exceptional benefits that are provided by the IoT data management solutions.
Major Competitive Players:
The key market players involved in the internet of things data management market include PTC Inc., Dell Technologies, Inc., SAS Institute Inc., Fujitsu Limited, Google Inc., LogMeIn, Inc., Zebra Technologies Corporation, InfluxData, Inc., MuleSoft, Inc., International Business Machines (IBM) Corporation, Teradata Corporation, Cisco Systems, Inc., Hewlett Packard Enterprise (HPE) Company, Oracle Corporation, SAP SE, Striim, Inc., LogFuze Inc., and Trustwave Holdings, Inc.
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