IoT Data Management Market Summary
The size of the global market for IoT data management was estimated at USD 83.21 billion in 2024 and is expected to increase at a compound annual growth rate (CAGR) of 12.0% from 2025 to 2030, reaching USD 170.66 billion. Growing pet ownership, increased awareness of animal health, and the increasing occurrence of infectious diseases in companion and livestock animals are some of the major drivers propelling the market.
Key Market Trends & Insights
- The North American IoT data management industry held the largest share of over 35% in 2024.
- The U.S. market for IoT data management held the largest share of 84% in 2024.
- By component, the solutions segment dominated the market with a revenue share of over 64% in 2024.
- By organization size, the small and medium enterprises segment is expected to witness the fastest CAGR from 2025 to 2030.
- By application, the smart manufacturing segment accounted for the largest market share in 2024.
Market Size & Forecast
- 2024 Market SizeUSD 83.21 Billion
- 2030 Projected Market SizeUSD 170.66 Billion
- CAGR (2025-2030)12.0%
- North AmericaLargest market in 2024
- Asia PacificFastest growing market
The market growth is primarily driven by the rapid adoption of connected devices across industries, which generate massive volumes of data requiring efficient management. The increasing deployment of IoT sensors and devices for real-time monitoring and automation is boosting demand for advanced data management solutions. Growing concerns over data security and regulatory compliance are also driving investments in robust IoT data management platforms. The integration of AI and machine learning with IoT data management is facilitating enhanced analytics and predictive capabilities, fueling market expansion.
The increasing deployment of connected devices and sensors is significantly driving the growth of the market. As industries adopt IoT solutions across manufacturing, healthcare, transportation, and smart cities, the volume of data generated continues to surge, necessitating robust data management platforms. This growing data influx compels businesses to implement scalable and efficient IoT data management systems to handle vast datasets' collection, storage, and real-time processing, thereby enhancing the overall IoT data management industry.
The rising concerns around data security and privacy are propelling advancements in IoT data management. Organizations are prioritizing secure data transmission, storage, and compliance with regulatory frameworks, pushing providers to innovate in encryption, access control, and data governance technologies. These improvements protect sensitive information and build trust in IoT ecosystems, encouraging wider adoption across sectors.
Furthermore, the integration of edge computing with IoT data management is reshaping the market landscape. Processing data closer to the source, edge computing reduces latency, lowers bandwidth costs, and enables faster analytics, making IoT applications more responsive and efficient. This shift supports critical use cases such as autonomous vehicles, industrial automation, and remote monitoring, driving demand for the advanced IoT data management industry.
Moreover, the expansion of 5G networks is providing the necessary infrastructure to support massive IoT connectivity and high-speed data transfer. The enhanced bandwidth and low latency offered by 5G facilitate seamless real-time data exchange between devices and cloud platforms, boosting the effectiveness of IoT data management systems. This technological advancement is expected to be a key driver for market growth in the IoT data management industry.
Component Insights
The solutions segment dominated the market with a revenue share of over 64% in 2024, owing to the exponential growth of connected devices, increasing data volumes, and the need for real-time data processing. Enterprises across industries adopt IoT technologies to optimize operations, reduce downtime, and enable predictive maintenance. They are turning to specialized solutions for managing IoT data to achieve seamless data integration, storage, and analytics. Rising concerns around data security and compliance with evolving regulations further fuel the demand for a robust IoT data management industry.
The services segment is expected to witness a significant CAGR of over 14% from 2025 to 2030. This growth is primarily driven by the increasing complexity of managing vast volumes of data generated by IoT devices across industries such as manufacturing, healthcare, and smart cities. Organizations are increasingly relying on managed services, consulting, and integration solutions to handle data ingestion, real-time analytics, storage, and compliance. The need for customized service offerings to ensure data security and system interoperability is accelerating adoption, supporting the growth of this segment.
Report Coverage & Deliverables
The PDF report & online dashboard will help you understand
- Competitive benchmarking
- Historical data & forecasts
- Company revenue shares
- Regional opportunities
- Latest trends & dynamics
Organization Size Insights
The large enterprises held the largest market share in 2024, owing to rapidly adopting IoT technologies across manufacturing and healthcare to enhance operational efficiency. Large enterprises have the financial and technological resources to invest in advanced platforms for data integration, governance, security, and analytics. Large organizations increasingly turn to scalable IoT data management solutions to ensure agility, compliance, and innovation across global operations.
The small and medium enterprises segment is expected to witness the fastest CAGR from 2025 to 2030. SMEs are leveraging IoT data management to optimize operations, enhance customer experiences, and gain real-time insights, all while avoiding the high costs and infrastructure burdens of traditional data systems. The increasing availability of affordable, modular IoT platforms empowers SMEs to customize and deploy data management tools without extensive technical resources, thereby driving the advanced IoT data management industry among SMEs.
Application Insights
The smart manufacturing segment accounted for the largest market share in 2024, driven by the increasing adoption of Industry 4.0 principles and the rising integration of IoT technologies across factory floors. Smart manufacturing environments demand low-latency data access, scalability, and predictive insights to minimize downtime and enhance operational efficiency. These capabilities make smart manufacturing a critical enabler for the application segment in the IoT data management industry.
The smart retail segment is expected to witness the fastest CAGR from 2025 to 2030, driven by the sector’s rapid adoption of connected technologies to enhance customer experience. Retailers are leveraging IoT devices such as smart shelves, RFID tags, and beacons to gather real-time data on inventory levels, customer preferences, and in-store traffic patterns. The growing reliance on real-time analytics for demand forecasting, inventory optimization, and supply chain agility further cements the dominance of the smart retail segment in the IoT data management landscape.
Deployment Insights
The public cloud segment held the largest market share in 2024, driven by the rapid proliferation of IoT devices and the need for flexible and low-cost data management infrastructure. Public cloud platforms offer high availability and advanced analytics capabilities, making them ideal for processing and managing the massive volumes of data generated by IoT ecosystems. Organizations across industries are leveraging public cloud services to store, analyze, and secure real-time IoT data. These factors collectively position the public cloud as the preferred segment in the IoT data management industry.
The hybrid cloud segment is expected to witness the fastest CAGR from 2025 to 2030, driven by the increasing demand for scalability and data control. The hybrid cloud model enables enterprises to store critical, compliance-sensitive information on private infrastructure while leveraging the public cloud for large-scale data analytics and less-sensitive operations. These factors contribute to the sustained dominance and rapid growth of the hybrid cloud deployment segment within the IoT data management industry.
Regional Insights
The North American IoT data management industry held the largest share of over 35% in 2024, primarily driven by the region’s extensive adoption of advanced technologies across sectors such as manufacturing and smart cities. The strong emphasis on digital transformation initiatives and the rollout of 5G networks are fueling the demand for efficient IoT data management solutions. The presence of leading technology companies and significant investments in research and development further accelerate the growth of IoT data management in North America, enabling businesses to leverage real-time data for enhanced operational efficiency and innovation.
U.S. IoT Data Management Market Trends
The U.S. market for IoT data management held the largest share of 84% in 2024, fueled by the presence of numerous tech startups and established enterprises investing heavily in digital transformation. The U.S. emphasis on data privacy and regulatory compliance also encourages the development of sophisticated data management platforms tailored to meet stringent requirements, thereby boosting the overall market expansion.
Europe IoT Data Management Market Trends
The Europe IoT data management industry is expected to grow at a CAGR of over 10% from 2025 to 2030. In Europe, the commitment to sustainability and carbon neutrality goals is motivating businesses to implement energy-efficient IoT systems that optimize resource use and reduce environmental impact. Government-supported programs are speeding up the use of AI, automation, and IoT technologies in manufacturing, increasing the need for advanced IoT data management platforms that help with real-time analysis and improving efficiency.
The UK industry for managing IoT data is expected to grow significantly in the coming years. The country’s well-established industrial infrastructure and strong focus on digital transformation are key drivers of this expansion. Sectors such as automotive, aerospace, and manufacturing in the UK are increasingly adopting IoT solutions to boost operational efficiency, foster innovation, and meet stringent sustainability and regulatory standards.
The German IoT data management industry is fueled by the country’s robust manufacturing and industrial base, especially in the automotive, mechanical engineering, and industrial automation sectors. The nation’s dedication to sustainability and energy efficiency encourages the integration of IoT data management systems to optimize resource use and reduce environmental impact, aligning with Germany’s broader goals for green manufacturing and digital transformation.
Asia Pacific IoT Data Management Market Trends
The Asia Pacific IoT data management industry is expected to grow at a CAGR of over 15% from 2025 to 2030, fueled by rapid industrialization, technological innovation, and strong government support for digital transformation initiatives. The flourishing startup ecosystem and rising consumer demand for personalized, connected experiences are further propelling the need for advanced IoT data management platforms in the region.
The IoT data management industry in Japan is gaining traction, fueled by the country’s strong emphasis on advanced technology adoption and industrial automation. Japan’s leadership in automotive manufacturing and electronics creates a high demand for efficient IoT data management systems to handle vast amounts of machine-generated data and enable real-time decision-making.
The IoT data management industry in China is rapidly expanding. This expansion is driven by the country’s aggressive push toward digital transformation and smart manufacturing. China’s expanding industrial base and large-scale adoption of smart city projects require efficient data handling and analytics to optimize operations and resource management. These factors collectively create a favorable environment for market expansion and position China as a leading adopter of IoT data management technologies.
Key IoT Data Management Company Insights
Some of the key players operating in the market include Microsoft Corporation and Google LLC, among others.
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Microsoft Corporation is a global technology leader offering a comprehensive suite of cloud-based and on-premise solutions. In the IoT data management industry, Microsoft stands out through its Azure IoT platform, which integrates device management, real-time data processing, secure data storage, analytics, and AI-driven insights. Microsoft enables organizations to collect, manage, and act on IoT data at scale, supporting applications across manufacturing, energy, healthcare, and smart city initiatives. The company’s strong enterprise relationships, advanced analytics capabilities, and consistent innovation in cloud and edge computing technologies position it as a dominant force in the IoT data management landscape.
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Google LLC, a subsidiary of Alphabet Inc., is renowned for its innovations in cloud computing, AI, and big data. In the IoT data management industry, Google leverages services like BigQuery, Cloud Pub/Sub, and Edge TPU to process and analyze data generated from connected devices in real-time. Although Google Cloud IoT Core has been transitioned to partner-led solutions, the company remains a leader in providing scalable and intelligent infrastructure for managing large-scale IoT ecosystems. Google’s expertise in machine learning, low-latency data processing, and seamless integration across platforms makes it a prominent contributor to the growth of the IoT data management sector.
PTC Inc. Limited and Robert Bosch GmbH are some of the emerging market participants in the IoT data management industry.
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PTC Inc. is an emerging leader in the IoT data management industry, renowned for its ThingWorx platform, which enables enterprises to collect, analyze, and act on data from connected devices in real-time. The company focuses on delivering robust end-to-end industrial IoT solutions, offering tools for device connectivity, predictive analytics, digital twin creation, and data visualization. PTC’s integrated approach supports industries such as manufacturing, aerospace, and energy, helping them enhance operational efficiency, reduce downtime, and accelerate digital transformation. Its emphasis on edge computing, data integration, and scalable architecture positions PTC as a powerful force in industrial IoT data management.
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Robert Bosch GmbH (Bosch.IO) is a rapidly growing player in the IoT data management industry, providing integrated software and services that streamline device connectivity, secure data transmission, and intelligent analytics. Bosch.IO supports key sectors including mobility, smart homes, industrial automation, and energy with solutions that enable seamless data flow from edge to cloud. The company’s open-source-based platforms and strong focus on interoperability make it ideal for complex, multi-device ecosystems. With its deep industrial expertise and commitment to sustainability and digital innovation, Bosch.IO is helping clients harness real-time data to improve efficiency, safety, and user experiences across various IoT-driven environments.
Key IoT Data Management Companies
The following are the leading companies in the IoT data management market. These companies collectively hold the largest market share and dictate industry trends.
- Google LLC
- Cisco Systems, Inc.
- Microsoft
- SAP SE
- Fujitsu
- Teradata
- Dell Inc.
- Hewlett-Packard Enterprise Development LP
- Robert Bosch GmbH
- PTC Inc.
Recent Developments
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In February 2025, Fujitsu announced the launch of its Cloud Service Generative AI Platform, designed to provide secure and flexible enterprise data management. This new service addresses concerns about data leakage and compliance by combining Fsas Technologies Inc.'s Private AI Platform on PRIMERGY, Supermicro’s GPU servers, and Fujitsu’s Takane large language model (LLM). The platform ensures data confidentiality by managing client data in a private area on the cloud, allowing for the secure processing of confidential information.
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In December 2024, Teradata showcased advancements in its data management tools at AWS reInvent 2024, focusing on AI-driven analytics. These developments are intended to improve the scalability and adaptability of IoT data management solutions across various industries.
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In November 2024, Dell Inc. expanded its Dell NativeEdge platform to simplify the deployment and scaling of AI at the edge. The improvements include safely connecting many devices, managing them from afar, and coordinating applications across different cloud services, which together make IoT data management work better by allowing data to be processed closer to where it comes from.
IoT Data Management Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2025 |
USD 96.92 billion |
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Revenue forecast in 2030 |
USD 170.66 billion |
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Growth rate |
CAGR of 12.0% from 2025 to 2030 |
|
Base year for estimation |
2024 |
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Historical data |
2018-2023 |
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Forecast period |
2025–2030 |
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Quantitative units |
Revenue in USD billion and CAGR from 2025 to 2030 |
|
Report Product |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Component, deployment, organization size, application, and region |
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Region scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; Mexico; UK; Germany; France; China; Japan; India; South Korea; Australia; Brazil; UAE; Saudi Arabia; South Africa |
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Key companies profiled |
Google LLC; Cisco Systems, Inc.; Microsoft; SAP SE; Fujitsu; Teradata; Dell Inc.; Hewlett Packard Enterprise Development LP; Robert Bosch GmbH; PTC Inc. |
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Customization scope |
Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Changes or additions to the scope of the country, region, and segment are possible. |
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Pricing and purchase options |
Avail yourself of customized purchase options to meet your exact research needs. Explore purchase options |
Global IoT Data Management Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest technological trends in each of the sub-segments from 2018 to 2030. For this study, MIR has segmented the global IoT data management market report based on component, deployment, organization size, application, and region
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Component Outlook (Revenue, USD Billion, 2018-2030)
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Solutions
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Services
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Deployment Outlook (Revenue, USD Billion, 2018-2030)
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Public Cloud
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Private Cloud
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Hybrid Cloud
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Organization Size Outlook (Revenue, USD Billion, 2018-2030)
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Large Enterprises
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Small and Medium Enterprises
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Application Outlook (Revenue, USD Billion, 2018-2030)
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Smart Energy and Utilities
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Smart Manufacturing
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Smart Healthcare
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Smart Retail
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Smart Mobility and Transportation
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Building And Home Automation
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Connected Logistics
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Others
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Regional Outlook (Revenue, USD Billion, 2018-2030)
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North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Asia Pacific
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China
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Japan
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India
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South Korea
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Australia
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Latin America
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Brazil
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Middle East & Africa
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UAE
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Saudi Arabia
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South Africa
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