Security News > 2022 > January > IoT data management market to grow steadily by 2026

35% of the growth will originate from North America for the IoT data management market.

The IoT data management market is expected to grow by $94.79 billion from 2021 to 2026.

The IoT data management market to record an 18.50% Y-O-Y growth rate in 2022.

The key factor driving growth in the IoT data management market is the growth in industrial automation.

The lack of awareness of efficient management of IoT initiatives and investments will be a major challenge for the IoT data management market during the forecast period.

Such factors act as a challenge for the adoption of IoT and IoT data collection and device management platforms in industries, thereby hampering the growth of the market.

News URL

https://www.helpnetsecurity.com/2022/01/24/iot-data-management-2026/