Security News > 2021 > November > Big data in IoT market to reach $50.9 billion by 2026

The state of the big data in IoT market The overall global market for big data in IoT will reach $50.9 billion by 2026.

Data analytics is the largest segment by product and service in the big data IoT market.

Big data in IoT as a service will reach $7.3 billion by 2026 with North America leading the market.

Storage of big data in IoT will reach $16.2 billion by 2026, driven by low-cost cloud-based solutions.

Big data in IoT is different from conventional IoT and thus will require more robust, agile and scalable platforms, analytical tools and data storage systems than conventional big data infrastructure.

Companies such as treasure Data, have developed unified logging layer Fluentd, JSON coming up as a Java-based lightweight data interchange platform and DDS helping in real-time data processing and lightweight protocols are some of the great developments happening towards developing dedicated big data infrastructure for IoT. Looking beyond data management processes, IoT data itself will become extremely valuable as an agent of change for product development as well as identification of supply gaps and realization of unmet demands.

News URL

https://www.helpnetsecurity.com/2021/11/19/big-data-in-iot-market-2026/