Smart Data Management Market Size, Trends & Growth Opportunity, By Component (Data Anonumization, Data Streaming, Data Detection, and Others), By Deployment Type (Cloud, and On-premise), By Industry, By Region and Forecast till 2027
Report ID : QR100803 | Industries : Information and Communication Technology | Published On :March 2021 | Page Count : 253Smart Data Management Market
Smart data describes data that has valid, well-defined, meaningful information that can expedite information processing. Smart Data is a new tool for business. Big Data gets turned into Smart Data when it is collected and optimized, using the specific needs of the industry and the individual organization.
Following areas are some of the use cases for Smart Data:
Big Data includes massive amounts of data, both unstructured and structured, that is collected by organizations on a daily basis. This Big Data can then be filtered, and turned into Smart Data before being analyzed for insights, in turn, leading to more efficient decision-making. Smart Data can be described as Big Data that has been cleansed, filtered, and prepared for context.
There are two primary kinds of Smart Data: One form is information picked up by a sensor, and then sent to a nearby collection point, and acted upon, before being sent to an Analytics platform. This data is sourced from Smart Sensors, especially within the Industrial Internet of Things (IIoT) systems. The other kind of Smart Data is Big Data that has been processed and is waiting to be turned into actionable information.
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Market Drivers:
ncreasing awareness of Internet of Things (IoT) devices
The major growth factors of the smart data management market are rising awareness of Internet of Things (IoT) devices among organizations, increasing availability of data across the organization to gain deeper insights to remain competitive, and increasing government investments in various regions for enhancing digital technologies. Smart data management solution enables organizations to access to social media data from search engines and sites, such as Facebook, Twitter that enable organizations to fine tune their business strategies.
Market Restraints: Increasing cybersecurity threats
Rapidly increasing cybersecurity incidents and regulations requiring their reporting hampers the growth of global smart data management market. According to the Center for Strategic and International Studies (CSIS) and McAfee, cybercrimes, which include damage and destruction of data, stolen money, lost property, intellectual property theft, and other areas, currently cost the world almost USD 600 billion each year, or 0.8% of the global GDP.
The growing popularity of digitalization has compelled organizations to extensively rely on digitized information. Sharing of a vast amount of data in an external and internal environment as well as across the globe has made organizations to fall prey to cybercrime through different forms of attacks. In the wake of breaches and high-profile data theft, it becomes vital for an organization to determine future threats, signaling them to redesign their cyber safety stance. Thus, cyber safety is becoming a strategic imperative for an organization owing to an increased focus on preventing cybercrime activities, which can hamper the momentum of the business.
Market Opportunity: Rising Adoption of Artificial Intelligence
Artificial Intelligence creates new opportunities in smart data management market. During the screening and filtering process of creating Smart Data, decisions are made as to which data should be blocked, and which should be presented. Machine Learning and Artificial Intelligence (AI) use specific criteria during this process. AI is an ongoing attempt to create intelligence within machines, allowing them to work and respond like humans. Artificial Intelligence has provided flexibility and can address unique goals. For example, financial services firms can use AI-driven Smart Data for customer analysis, fraud detection, market analysis, and compliance.
Market Segmentation
The Smart Data Management Market is segmented into component such as Data Anonumization, Data Streaming, Data Detection, and Others, by deployment type such as cloud, and on-premise. Further, market is segmented into industry such as Emergency Grids, and electric vehicles, Healthcare, Education, Retail, Manufacturing Government services, and others.
Also, smart data management market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report including NEC Corporation, Tracelink, Antares Vision, Optel, Rfxcel, Rfxcel, Adents, Averna, and Addovation
Market Taxonomy By Component Data Anonymization Data Streaming Data Detection Others By Deployment type Cloud On-Premise By Industry Energy Grids & Electric Vehicles Healthcare Education Retail Manufacturing Government Services Others
By Region
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
Key Questions Addressed by the Report What are the Key
Opportunities in Smart Data Management Market?
What will be the growth rate from 2019 to 2027? Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the competitive Landscape in the Industry?
What is the role of key players in the value chain?
What are the strategies adopted by key players?
Global Smart Data Management Market
1 Introduction 1.1 Objective of the Study 1.2 Market definition 1.3 Market Scope
2 Research Methodology
2.1 Data Mining 2.2 Validation 2.3 Primary Interviews 2.4 List of Data Sources
3 Executive Summary 4 Global Smart Data Management Market Outlook 4.1 Overview 4.2 Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.3 Porters Five Force Model 4.4 Value Chain Analysis
5 Global Smart Data Management Market, By Component 5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Smart Data Management Market Share Analysis, By Component
5.3 Global Smart Data Management Market Size and Forecast, By Component 5.3.1 Data Anonymization
5.3.2. Data Streaming
5.3.3 Data Detection
5.3.4 Others
6 Global Smart Data Management Market, By Deployment Type 6.1 Y-o-Y Growth Comparison, By Deployment Type
6.2 Global Smart Data Management Market Share Analysis, By Deployment Type
6.3 Global Smart Data Management Market Size and Forecast, By Deployment Type 6.3.1 Cloud
6.3.2 On-Premise
7 Global Smart Data Management Market, By Industry 7.1 Y-o-Y Growth Comparison, By Industry
7.2 Global Smart Data Management Market Share Analysis, By Industry
7.3 Global Smart Data Management Market Size and Forecast, By Industry 7.3. 1 Energy Grids & Electric Vehicles
7.3.2 Healthcare
7.3.3 Education
7.3.4 Retail
7.3.5Manufacturing
7.3.6 Government Services
7.3.7 Others
8Global Smart Data Management Market, By Region 8.1 Global Smart Data Management Market Share Analysis, By Region
8.2 Global Smart Data Management Market Share Analysis, By Region
8.3 Global Smart Data Management Market Size and Forecast, By Region
9 North America Smart Data Management Market Analysis and Forecast (2020-2027) 9.1 Introduction
9.2 North America Smart Data Management Market Share Analysis, By Component
9.3 North America Smart Data Management Market Size and Forecast, By Deployment Type
9.4 North America Smart Data Management Market Size and Forecast, By Industry
9.5 North America Smart Data Management Market Size and Forecast, By Country
9.5.1 U.S. 9.5.2 Canada 9.5.3 Mexico
10EuropeSmart Data Management Market Analysis and Forecast (2020-2027) 10.1 Introduction
10.2 Europe Smart Data Management Market Share Analysis, By Component
10.3 Europe Smart Data Management Market Size and Forecast, By Deployment Type
10.4 Europe Smart Data Management Market Size and Forecast, By Industry
10.5 Europe Smart Data Management Market Size and Forecast, By Country
10.5.1 Germany 10.5.2 France 10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Smart Data Management Market Analysis and Forecast (2020-2027) 11.1 Introduction
11.2 Asia Pacific Smart Data Management Market Share Analysis, By Component
11.3 Asia Pacific Smart Data Management Market Size and Forecast, By Deployment Type
11.4 Asia Pacific Smart Data Management Market Size and Forecast, By Industry
11.5 Asia Pacific Smart Data Management Market Size and Forecast, By Country
11.5.1 China 11.5.2 Japan 11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Smart Data Management Market Analysis and Forecast (2020-2027) 12.1 Introduction
12.2 Latin America Smart Data Management Market Share Analysis, By Component
12.3 Latin America Smart Data Management Market Size and Forecast, By Deployment Type
12.4 Latin America Smart Data Management Market Size and Forecast, By Industry
12.5 Latin America Smart Data Management Market Size and Forecast, Country
13Middle East Smart Data Management Market Analysis and Forecast (2020-2027) 13.1 Introduction
13.2 Middle East Smart Data Management Market Share Analysis, By Component
13.3 Middle East Smart Data Management Market Size and Forecast, By Deployment Type
13.4 Middle East Smart Data Management Market Size and Forecast, By Industry
13.5 Middle East Smart Data Management Market Size and Forecast, By Country
14Competitive Analysis 14.1 Competition Dashboard 14.2 Market share Analysis of Top Vendors 14.3 Key Development Strategies
15Company Profiles
15.1 NEC Corporation
15.1.1 Overview 15.1.2 Offerings 15.1.3 Key Financials 15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Tracelink
15.2.1 Overview 15.2.2 Offerings 15.2.3 Key Financials 15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Antares Vision
15.3.1 Overview 15.3.2 Offerings 15.3.3 Key Financials 15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Optel
15.4.1 Overview 15.4.2 Offerings 15.4.3 Key Financials 15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Rfxcel
15.5.1 Overview 15.5.2 Offerings 15.5.3 Key Financials 15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Adents 15.6.1 Overview 15.6.2 Offerings 15.6.3 Key Financials 15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Averna
15.7.1 Overview 15.7.2 Offerings 15.7.3 Key Financials 15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Addovation
15.8.1 Overview 15.8.2 Offerings 15.8.3 Key Financials 15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies