European IoT data management market grows by 16.1%


The “Europe Internet of Things (IoT) Data Management Market (2017-2023)” report, recently released, predicts market growth of 16.1% CAGR during the forecast period (2017-2023).

The widespread adoption of end-to-end data management platforms for capitalizing IoT data more efficiently and flexibility across organizations are the factors that have driven the demand for IoT data management solutions. The other factors include the modernisation of data warehouse architecture, growing adoption of data encryption to enhance IoT device security, and rapidly growing need for data security and data traffic management.

The adoption of mature content models in enterprises, emerging unified metadata services, and efficient processes for increased return on investment have further added to the widespread adoption of IoT data management solutions.

The market report segments the market into smart manufacturing, smart retail, smart energy and utilities, smart healthcare, smart mobility and transportation, connected logistics, building and home automation, and others. Solution types include data security solution, data integration, data analytics and visualisation, data migration, metadata management, and others.