According to a new report, published by KBV research, The Global IoT Data Management Market size is expected to reach $202.34 billion by 2031, rising at a market growth of 14.5% CAGR during the forecast period.
The Solution segment is leading the Global IoT Data Management Market by Component in 2023; thereby, achieving a market value of $131.1 billion by 2031. This significant share can be attributed to the increasing adoption of comprehensive data management solutions that enable organizations to efficiently collect, process, and analyze large volumes of IoT-generated data. The solutions segment includes various tools and platforms to facilitate data integration, storage, and analytics, providing businesses with valuable insights and helping them make informed decisions. As IoT devices continue to proliferate across industries, the demand for robust and scalable data management solutions is expected to grow, further solidifying the dominance of the solutions segment in the market.
The SMEs segment is anticipating a CAGR of 15.3% during (2024 - 2031). This notable share reflects the growing recognition among small and medium-sized enterprises of the value of IoT data management solutions. As IoT technology becomes more accessible and affordable, SMEs increasingly adopt these solutions to improve their operational capabilities, optimize resource use, and remain competitive in their respective markets. The adoption by SMEs also highlights the trend of democratizing advanced data management technologies, making them available to businesses of all sizes.
The Hybrid Cloud segment is generating maximum revenue in the Global IoT Data Management Market by Deployment Type in 2023; thereby, achieving a market value of $91.7 billion by 2031. The hybrid cloud model combines the flexibility and scalability of public cloud infrastructure with the security and control offered by private cloud environments. This makes it an ideal choice for organizations leveraging IoT data management solutions while maintaining control over sensitive data and applications. Many businesses prefer the hybrid cloud approach as it allows them to store and process non-sensitive data in the public cloud while keeping more critical data within the private infrastructure.
The Smart Energy & Utilities segment is registering a CAGR of 15% during (2024 - 2031). IoT plays a pivotal role in the energy and utilities sector by enabling real-time energy consumption monitoring, optimizing distribution networks, and integrating renewable energy sources. Through IoT data management, utilities can ensure that resources are used efficiently, predict infrastructure maintenance needs, and enhance energy delivery reliability. Furthermore, IoT-based smart grids and meter systems allow consumers to track their energy usage, contributing to the broader goal of reducing energy consumption and promoting sustainable practices.
Full Report: https://www.kbvresearch.com/iot-data-management-market/
The North America region dominated the Global IoT Data Management Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $68.7 billion by 2031. The Europe region is experiencing a CAGR of 14.2% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 15.4% during (2024 - 2031).
By Component
By Organization Size
By Deployment Type
By Application
Unique Offerings 
