Data Management as a Service Market- Rise of Data Necessities Secure Data Management And Data Operations

Digital data is growing exponentially in the current market. IoT proliferation is generating volume of digital information at an exponential rate. The data universe has seen this tremendous growth in the last few years. In fact, over 80% to 90% of digital data present in the current market was created in the last two years. With data rise, the number of data breaches have gone up. For instance, Yahoo Inc., experienced data breach in 2013-2014, leading to the loss of 3 billion user account data base. Friend Finder Networks Inc., an American internet company lost the database of its 412.2 million users in its 2016 data breach episode. Similarly, eBay, Equifax, and Heartland Payment Systems have witnessed data theft. Thus, rise of data necessities secure data management and data operations, in turn creating demand for data management vendors in the end-use market. Data management is an administrative process and comprises data storage, data acquisition, validation, protection, and processing required data to ensure the accessibility, reliability, and timeliness of the data.

Cloud platform adoption, next generation data center evolution, and cost effective and flexible data management solutions are creating demand traction for data management as a service. It is anticipated that rising trend of cloud adoption would drive the data management as a service market over the years. Rising data breaches across the globe is necessitating the modernization of existing enterprise infrastructure. Thus, enterprise data management infrastructure modernization across the world is set to boost the global data management as a service market in the near future.  However, lack of complete data security assurance and misuse of collected data are factors obstructing data management as a service market growth in international and domestic markets. Further, security and reliability concerns such as cyber-attacks are expected to slow down the adoption of data management as a service, thus reducing the CAGR growth of the market globally. Rising number of enterprises and their migration from on premise to cloud is creating lucrative market opportunity for data management as a service vendors across the world, and predominantly in the Asia Pacific market.

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The global data management as a service market is broadly classified by component, solution, deployment, service model, and application. The market is further analyzed by geographic region. Based on component, the market is segmented as hardware, software, and service.  On the basis of deployment, the market is further categorized as on premise and cloud. Additionally, the cloud segment is cross segmented as private and public cloud. On the basis of service model, the market is categorized into software as a service (SaaS), infrastructure as a service (IaaS), and platform as a service (PaaS).  On the basis of end-use industry, the global data management as a service market is categorized into BFSI, IT and telecommunication, manufacturing, healthcare, media and entertainment among others.  Application segment of the global data management as a service market is again categorized as data archiving, backup, management, and data migration and immigration.

Based on geographic region, the global data management as a service market is categorized as North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA). The data management as a service market in North America includes the U.S., Canada, and Rest of North America. Europe includes market analysis across the U.K., Germany, France, and Rest of Europe. Asia Pacific includes India, China, Japan, Australia, and Rest of Asia Pacific. Middle East & Africa includes market analysis across GCC countries, South Africa, and Rest of Middle East & Africa. Furthermore, the South America data management as a service market is analyzed among Brazil and Rest of South America.

Some of the major players in the global data management as a service market who provide advanced and scalable solutions in domestic and international markets include Druva, Siemens AG, Frontier Technology Limited, Hewlett-Packard Company, Informatica Corporation, Cisco Systems Inc., Hitachi Data System, Fujitsu Ltd., EMC Corporation, and NETAPP, Inc.

IoT in Elevators Market – Growing Need to Adopt New IT Solutions with Modern Consumer Trends across the World

IoT in Elevators Market – Snapshot

IoT enabled elevators make use of artificial intelligence (AI) to enable vertical transportation of passengers and commodities. It is a process of upgrading the critical parts of the elevator in order to handle new technology, perform better, improve safety, and ensure the aesthetics are up to date. IoT enabled elevators display features of energy efficiency, reduce waiting time, and communicate with service providers via a mobile application.

In recent times, many technological advancements have taken place in the IoT in elevators market. Hotels, hospitals, parking buildings, and the commercial, residential, and industrial sector widely use IoT in elevators. Therefore, the IoT in elevators market is expected to expand at a rapid pace in the coming years. Growing need to adopt new IT solutions with modern consumer trends across the world is driving demand for IoT in elevators. This is anticipated to drive the market over the forecast period. Moreover, increasing demand for safe and power efficient technologies from the construction industry is expected to fuel the growth of the market in the near future. However, high initial investment is anticipated to hinder the growth of the market across the world. The IoT in elevators market is likely to reach a value of US$ 50.76 Bn by 2026 from US$ 13.49Bn in 2017, expanding at a CAGR of 16.1% during the forecast period.

Based on component, the IoT in elevators market can be segmented into hardware, software, and services. The hardware segment accounted for a significant market share globally in 2017.This segment is projected to maintain a significant market share over the forecast period. There is a rising need to install elevator remote monitoring systems in smart elevators to prevent accidents. M2M gateway or elevator gateway are designed and developed in elevators for secure communication between the lift controller and remote monitoring sites. The services segment is estimated to expand at a rapid pace during the forecast period. Services segment is further divided into designing & engineering, installation, refurbishing, maintenance & repair, and managed services. Installation accounted for major market share in 2017 and is anticipated to maintain its leading position over the forecast period. However, refurbishing services sub-segment is expected to witness tremendous growth over the forecast period due to growing attention toward elevator modernization in the commercial and residential sector across developed regions. On the other hand, the software component is expected to witness prominent demand due to rising application of analytics software, IoT platforms, and security software. Cloud software sub-segment accounted for leading market share in 2017 and is expected to expand significantly during the forecast period, as cloud-based services enable users to access several resources with the help of the Internet. It provides more flexibility and scalability and delivers product updates more regularly with little to no IT involvement.

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On the basis of application, preventive maintenance application in elevators accounted for leading market share in 2017 followed by remote monitoring, and is expected to retain its position over the forecast period. Preventive maintenance maximizes the efficiency of elevator’s, and helps to reduce elevator costs. However, remote monitoring application segment is expected to expand at a significant pace over the forecast period from 2018 to 2026 as it improves smart elevator maintenance and reduces the disruption of service to customers.

Based on end-user, the IoT in elevators market can be categorized into residential, commercial, and industrial. The commercial sector is the prominent user of IoT in elevators followed by the residential sector, while the residential sector is projected to expand at a rapid pace over the forecast period. Residential sector is projected to witness higher level of adoption, thereby creating a high potential customer base.

The market in North America is anticipated to contribute significantly to revenue in the near future due to a large base of existing users in the region. North America and Europe are mature regions of the IoT in elevators market in terms of technical awareness among users. This is likely to contribute to the decline in market share of these regions. Furthermore, the market in APAC, South America and Middle East & Africa is likely to expand at a robust CAGR in the coming years.

Attracted by the increasingly expanding IoT in elevators market, many small and large scale vendors are investing in IoT in elevators in order to improve elevator maintenance and reduce the chances of accidents. Product innovation and upgrade of research and development are constantly taking place in the IoT in elevators market. For instance, in May 2018, Otis Elevator Company launched its first high-speed Gen2® elevator, equipped with innovative features including a new interior, smart & connected functionality, fashionable look, and higher functionality, for the global high-rise market, expanding its popular Gen2 family of elevators.

Prominent players identified in the IoT in elevators market and profiled in the study include ThyssenKrupp AG, KONE Corporation, Otis Elevator Company, Schindler Group, Mitsubishi Electric Corporation, and Toshiba Elevators.

IoT in Education Market – The Growing Vulnerability Around The Security And Privacy Of The IoT Ecosystem

IoT in education market – Overview

Rise in the use of mobile and Internet of Things (IoT)-enabled devices has transformed several industries, including automotive, health care, and retail. However, one of the significant beneficiaries of Internet of Things (IoT) is the education sector. Smart devices have become commonplace in classrooms. Each year, Internet-enabled devices, such as smart boards to tablets, are being introduced in classrooms. IoT-enabled devices provide a number of benefits to educational institutions, which help them function in a more efficient manner. The most important benefit of having a connected classroom is that it streamlines tracking and accountability. Moreover, the cloud allows for easy storage of data related to students’ grades, classwork and homework, and various assignments. In case of higher education, IoT has made gathering, sharing, and presentation of information easy and quick. Colleges and universities are experimenting with IoT approaches. For instance, adoption of fitness devices to keep check on students’ health or tracking temperature readings in lab equipment and sending notifications whenever required.

IoT in education market – Drivers and Restraints

IoT in education creates an entire learning flow, from content creation to publication of large online modules. It also helps in the deployment of an academic LMS in educational institutions that essentially allows instructors to manage course content and monitor and evaluate students’ performance. A lecture capture solution (LCS) is another interactive platform used in educational institutions that records lessons, presentations, and meetings in the digital format for later viewing.

The IoT in education market is driven by the production of digital learning solutions supported by strong connectivity, low-cost devices, and strong government initiatives in different regions to promote the adoption of IoT enabled devices in schools and universities. Digital learning solutions efficiently integrate with one another to allow data to flow seamlessly, thereby allowing institutions to build a comprehensive Big Data repository. Increase in the requirement of students to receive information anytime and anywhere and the need to propagate information have brought IoT enabled solutions to the vanguard of the education sector.

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However, the growing vulnerability around the security and privacy of the IoT ecosystem and complications regarding financing information technology infrastructure and services are estimated to restrict the growth of the IoT in education market in the coming years. Nevertheless, increase in the adoption of IoT devices is expected to present a number of opportunities for IoT in education market. Many universities are now using hybrid cloud as their enterprise architecture for hosting different IoT applications. Moreover, there is rise in the use of learning management systems for generating vast data among schools as well as universities. Advance electronic classrooms are now well equipped with lecture capture systems and web streaming that provide material on demand whenever required. IoT also offers a unique opportunity for online digital courses, which helps students to attend courses without being physically present. This has helped students in emerging economies to earn degrees without investing large amounts in higher education. IoT is being used to integrate mobile learning applications. The apps are helping students to take advantage for learning resources, efficiently work on projects, and manage assignments.

IoT in education market – Segmentation

The IoT in education market can be segmented based on component, application, and region.  Based on component, the IoT in education market can be classified into hardware, software, and services. In terms of application, the IoT in education market can be categorized into learning management solutions, Big Data analytics, academic devices, and lecture capturing solutions. Based on region, the ma IoT in education market rket can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

IoT in education market – Key Players

Key players in the IoT in education market include Google Inc. Adobe Systems, Educomp Solution, Intel Corporation, IBM Corporation,TopScan LLC (Scanmarker), IPEVO Inc., SMART Technologies, Sonic Foundry Inc., ARM Ltd., Cisco Systems, Unit4, N2N Services, SunGard K-12, and Ellucian Company L.P.

IoT for Public Safety Market- A Wide Assortment of Internet of Things (IoT) Technologies has Made Vast Inroads Into Consumer and Enterprise Markets

Global IoT for Public Safety Market: Snapshot

A wide assortment of internet of things (IoT) technologies has made vast inroads into consumer and enterprise markets in recent years.  End users have been leveraging the potential in connected devices for achieving numerous objectives diverse applications areas, world over. Industry players have forayed into public safety and emergency response systems. Government and regulatory agencies in various countries tasked with ensuring public safety are increasingly using IoT-enabled devices. The technologies enable them to utilize environmental, situational, and contextual awareness data from smart connected devices to meet their operational requirements and achieve optimal cost reduction. The use of IoT also enables agencies to bolster asset management capabilities and improve staff safety. As an example, first responders during emergencies may use IoT to reduce the response time and overcome infrastructural constraints to improve their services. Growing popularity of machine-to-machine (M2M) communication technologies is also boosting the market.

Rising use of IoT and M2M technologies in surveillance systems, communication networks, and biometric and authentication system is propelling the growth of the IoT for public safety market. Advances in IoT platforms particularly with respect to the safety and security of smart devices have been underpinning new, exciting avenues in the IoT for public safety market. Advent of integrated IoT platforms have unlocked lucrative prospects in the market.

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Rising number of terrorist attacks, especially in public places, and growing number of natural calamities, notably floods, are factors bolstering the demand for IoT technologies in developing and developed countries. Rising adoption of IoT as one of the key frameworks of smart cities in numerous countries is boosting the market. Moreover, modernized communication network, such as telecom networks, lay down a solid foundation for innovative product launches in the IoT for public safety market. However, the uptake is limited on account of low level of awareness.

Nevertheless, the growing use cases of IoT for healthcare has opened a new avenue in the market. IoT plays a pivotal role in the healthcare industry for expediting emergency healthcare. For instance, the use of smart devices is gathering steam for real-time monitoring of patients suffering with life-threatening diseases is a case in point. Numerous IoT-enabled devices such as connected medical wristband may be worn by patients to detect early risks in vital parameters. This may help in early detection of the potential risks of heart attacks in the patient population.

IoT-enabled platforms and services have gathered some steam among police, fire, and emergency medical services in developed countries. They are benefitting from the launch of cost-effective wireless solutions. Moreover, there is rising demand for such IoT solutions among law enforcement agencies for monitoring non-violent offenders, pre-trial detainees, and juveniles. A potential use of IoT in public safety is the rising usage of wearable sensors on police uniforms. For instance, the use of gun holster sensors and body cameras helps improving their accountability. Growing acceptance of data gathered through smart devices has also expanded the prospects of the market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

IoT Gateway Hardware and Software Market- Selecting the Right Gateway for IoT Network

The Internet of Things (IOT) interconnects devices, objects, and systems in a simple and transparent way in order to share information and coordinate operations between the disparate systems and devices. Sensors collect various types of data such as temperature, humidity, ambient light, and inventory levels and share it with the cloud using wireless or wired communication protocols. An IoT gateway acts as a communication bridge between the IoT sensors and devices and a backend cloud server. An IoT gateway device performs critical tasks such as to facilitate inter-compatibility across the IoT network. The IoT gateway also performs several operational tasks such as to manage device configuration, perform device authentication for secure network access and support edge-analytics. IoT gateways help bridge the gap between operations and IT infrastructure within a business. They do this by optimizing system performance through the operational data they gather and process in real-time in the field or at the network edge.

IoT gateways provide several benefits to an IoT network such as high scalability, low hardware costs, fast production with a less time-to-market, reduces telecommunications cost, mitigate risks, and increases security. Gateways reduce burden on individual sensors by handling complex processing and memory and storage requirement. It can reduce machine-to-machine (M2M) traffic, isolate malfunctioning devices, and provide encryption to the communications between the sensors and the cloud through public key infrastructure (PKI).

Challenge affecting IoT gateway hardware and software market growth is in enabling interoperability of end nodes while supporting multiple connectivity sensor protocols such as Z-Wave, ZigBee, BLE, and Wi-Fi. Other constraints include maintaining backend connectivity, performing caching and queuing of data, power overloads or power outages, and adequate serviceability options. A gateway needs to consider the criticality of the application, mitigate the effects of a loss of connectivity to the backend, and provide minimum functionality within the IoT sensor network in case of power outages.

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The global IoT gateway hardware and software market can be segmented based on enterprise size, component, deployment, application, and region. In terms of enterprise size, the IoT gateway hardware and software market can be bifurcated into small and medium enterprises (SMEs) and large businesses. Based on component, the IoT gateway hardware and software market can be classified into hardware, software, and services. The hardware segment can be sub-segmented into processors/microcontrollers, IoT sensors, protection circuitry, and connectivity modules (such as Zigbee, Bluetooth, and WiFi). In terms of deployment, the IoT gateway hardware and software market can be categorized into on-premise, cloud, and hybrid deployments. The services segment can be further categorized into managed and professional. Professional services can be segregated into prevention, maintenance, and production optimization. In terms of application, the IoT gateway hardware and software market can be classified into smart home automation, smart factory automation, vehicle automation, remote monitoring, and fleet management.

North America is expected to dominate the IoT gateway hardware and software market due to the increase in R&D activities in the field of IoT. Research is being conducted to increase IoT applications in industries such as consumer products, energy & power, manufacturing, automotive & transportation, and health care, especially in the US. Rise in investment in IoT by companies in Asia Pacific is expected to drive the market in the region. Increase in integration of IoT technology in the health care industry is expected to create opportunities for the market in Asia Pacific.

Leading vendors in the global the IoT gateway hardware and software market include AAEON Technology Inc., ADLINK Technology Inc., Advantech Co., Ltd, Dell Inc., Hewlett Packard Enterprise. Other prominent vendors in the market include Cisco Systems, Inc., Huawei Technologies Co., Ltd., Siemens Ltd., Eurotech Spa, and Lantronix Inc.

IoT for Public Safety Market- A Wide Assortment of Internet of Things (IoT) Technologies has Made Vast Inroads Into Consumer and Enterprise Markets

Global IoT for Public Safety Market: Snapshot

A wide assortment of internet of things (IoT) technologies has made vast inroads into consumer and enterprise markets in recent years.  End users have been leveraging the potential in connected devices for achieving numerous objectives diverse applications areas, world over. Industry players have forayed into public safety and emergency response systems. Government and regulatory agencies in various countries tasked with ensuring public safety are increasingly using IoT-enabled devices. The technologies enable them to utilize environmental, situational, and contextual awareness data from smart connected devices to meet their operational requirements and achieve optimal cost reduction. The use of IoT also enables agencies to bolster asset management capabilities and improve staff safety. As an example, first responders during emergencies may use IoT to reduce the response time and overcome infrastructural constraints to improve their services. Growing popularity of machine-to-machine (M2M) communication technologies is also boosting the market.

Rising use of IoT and M2M technologies in surveillance systems, communication networks, and biometric and authentication system is propelling the growth of the IoT for public safety market. Advances in IoT platforms particularly with respect to the safety and security of smart devices have been underpinning new, exciting avenues in the IoT for public safety market. Advent of integrated IoT platforms have unlocked lucrative prospects in the market.

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Rising number of terrorist attacks, especially in public places, and growing number of natural calamities, notably floods, are factors bolstering the demand for IoT technologies in developing and developed countries. Rising adoption of IoT as one of the key frameworks of smart cities in numerous countries is boosting the market. Moreover, modernized communication network, such as telecom networks, lay down a solid foundation for innovative product launches in the IoT for public safety market. However, the uptake is limited on account of low level of awareness.

Nevertheless, the growing use cases of IoT for healthcare has opened a new avenue in the market. IoT plays a pivotal role in the healthcare industry for expediting emergency healthcare. For instance, the use of smart devices is gathering steam for real-time monitoring of patients suffering with life-threatening diseases is a case in point. Numerous IoT-enabled devices such as connected medical wristband may be worn by patients to detect early risks in vital parameters. This may help in early detection of the potential risks of heart attacks in the patient population.

IoT-enabled platforms and services have gathered some steam among police, fire, and emergency medical services in developed countries. They are benefitting from the launch of cost-effective wireless solutions. Moreover, there is rising demand for such IoT solutions among law enforcement agencies for monitoring non-violent offenders, pre-trial detainees, and juveniles. A potential use of IoT in public safety is the rising usage of wearable sensors on police uniforms. For instance, the use of gun holster sensors and body cameras helps improving their accountability. Growing acceptance of data gathered through smart devices has also expanded the prospects of the market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

The Emphasis is on Out-of-the-Box Internet of Things Device Management Market

Global IoT Device Management Market: Snapshot

IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices.

The global IoT device management market is expected to exhibit a robust 31.5% CAGR from 2017 to 2025.

The importance of data analytics to the functioning and operation of a business has increased to a great extent in recent years. With the rising penetration of the internet, large volumes of data are being produced on a daily basis, which raises the need for progressive data management tools. As smart technology becomes popular these days, IoT devices have correspondingly become key producers of digital information. IoT device management systems allow players to collect, collate, and analyze these data, which has triggered rapid growth of the IoT device management market in recent years.

On the other hand, the rising risk of cybercrime has emerged as a formidable adversary for the IoT device management market, as many consumers underutilize or don’t trust IoT devices due to the security risks. Providing dynamic security options for IoT device management could thus emerge as an influential competitive strategy for players in the global IoT device management market in the coming years.

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Large Enterprises Likely to Dominate IoT Device Management Market

On the basis of organization size, large enterprises held the dominant market share in the global IoT device management market in 2016. The increasing focus on research and development and application of innovative technologies in the day to day workflow, and higher capital base provide an opportunity for larger enterprises to adopt IoT device management systems to a greater extent to facilitate their operations, which is expected to drive the IoT device management market during the forecast period.

Based on deployment, the IoT device management market is divided into three types, namely public cloud, private cloud, and others. Public cloud held the leading market share in 2016, as a growing number of enterprises opt for public cloud system so that the cost of data storage can be reduced to a great extent. Hence, increasing popularity of public cloud systems is likely to raise the demand for IoT device management over the forecast period. Rising use of remotely operable electronic devices in households could, however, lead to a significant rise in the demand for private cloud infrastructure in the coming years, potentially making it a leading contributor to the global IoT device management market.