Time series databases are being touted as a solution to handle the vast amounts of data generated by IoT devices, which can produce dozens of data streams per device. These databases are designed specifically to ingest, store, and query time series data, which differs from other types of data. The growing need for efficient management of this type of data has led to an increase in awareness and a new category of database vendors that specialize in time series databases, resulting in significant growth in the market over the past 24 months.