PUBLISHER: Mind Commerce | PRODUCT CODE: 1638131
PUBLISHER: Mind Commerce | PRODUCT CODE: 1638131
This report evaluates the market for IoT data management and analytics. The report analyzes key challenges and opportunities such as managing IoT data based on ownership, care of custody, and usage rights.
It assesses the opportunity for IoT data as a service and IoT-driven decisions as a service. It includes forecasts by technology, infrastructure, applications and services for both static and real-time data from 2025 through 2030.
The report also evaluates substantial market opportunities involving IoT data collection, storage, analytics and visualization. It identifies how real-time, streaming data IoT business data becomes highly valuable when it can be put into context and processes as it will facilitate completely new product and service offerings.
The Internet of Things (IoT) is much more than the sum of its parts. Powered by IoT technology market solutions, IoT applications rely upon an ecosystem of hardware, software, and services. IoT systems are envisioned to evolve in a way they become more like the human nervous system with interconnecting pathways that provide vital data for decision making.
Unlike humans, however, IoT intelligence may be engineered to be present and active at various portions of a given network or system. Accordingly, design and implementation decisions involving edge computing, AI, and cognition are very important for the long-term success of IoT. A growing area of opportunity resides in the convergence of cloud computing, mobile edge computing, cognitive networking, data analytics, and embedded AI algorithms.
AI coupled with advanced big data analytics provides the ability to make raw data meaningful and useful as information for decision-making purposes. The use of AI for decision making in IoT and data analytics will be crucial for efficient and effective decision making, especially in streaming data and real-time analytics associated with edge computing networks.
Real-time data is a key value proposition for all use cases, segments, and solutions. The ability to capture streaming data, determine valuable attributes, and make decisions in real-time will add an entirely new dimension to service logic. In many cases, the data itself, and actionable information will be the service.