Security News > 2020 > August > IoT data management services to reach $42.9 billion by 2026

As the IoT data-enabled services continue to expand, the market is approaching the stage of data democratization, where real-time analytics is very sought after.

Currently, data integration, real-time stream processing, and analytics services are falling under the umbrella of data management services within the IoT value chain, where each component has also seen economic growth.

ABI Research estimates that IoT data management services are a rapidly growing market, with expected growth from $10.1 billion in 2020 to $42.9 billion by 2026.

Azure, AWS, IBM Microsoft, Cloudera, Informatica, Software AG Apama, and TIBCO are centering their data management services around the cloud-centric approach, which complements their already existing product and capabilities within full-stack end-to-end IoT portfolios.

Such divergent analytics strategies represent the reality and challenges for serving a very diverse IoT ecosystem with IoT data-enabled services.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/QQY8fUA_aMo/