Global Internet of Things (IoT) Middleware Market, By Platform Type (Device Management, Application Management, Connectivity Management), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Vertical (Manufacturing, Government and Defense, Automotive and Transportation, Energy and Utilities, Healthcare, Retail, Banking, Financial Services, and Insurance, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global IOT Middleware Market
The internet of things (IoT) middleware market will reach at an estimated value of USD 24.60 billion by 2028 and grow at a CAGR of 18.60% in the forecast period of 2021 to 2028. Increase in the focus on remote monitoring for the work from home initiative is an essential factor driving the internet of things (IoT) middleware market.
IoT middleware is defined as a software which is used as an interface among the components of IoT. It aids establish communication between IoT components. Machines, components and hardware can be connected to the IoT network with the assist of IoT middleware by establishing communication between IoT middleware and the machine program.
Rise in the need for centralized monitoring is a crucial factor accelerating the market growth, also rise in the adoption of cloud, increase in the evolution of high-speed network technologies, increase in the adoption of cloud of things technology in organizations to address the problem of data storage and management and increase in the trend of smart homes, connected cities & factories, connected cars, wearables, consumer electronics, and others are the major factors among others boosting the internet of things (IoT) middleware market. Moreover, increase in the shift toward outcome and pull economies, rise in the adoption of IoT in SMEs and increase in the drones for the enforcement of compliance will further create new opportunities for internet of things (IoT) middleware market in the forecast period mentioned above.
However, rise in the integration with legacy systems, absence of uniform IoT standards, lack of interoperability and rise in the concerns over data security and privacy are the major factors among others restraining the market growth, while dearth of skilled workforce and continuous implementation and security challenges and continuous disruption in logistics and supply chain will further challenge the internet of things (IoT) middleware market in the forecast period mentioned above.
This internet of things (IoT) middleware market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the internet of things (IoT) middleware market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Internet of Things (IoT) Middleware Market Scope and Market Size
The internet of things (IoT) middleware market is segmented on the basis of platform type, organization size and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of platform type, the internet of things (IoT) middleware market is segmented into device management, application management and connectivity management.
- Based on organization size, the internet of things (IoT) middleware market is segmented into large enterprises, small and medium-sized enterprises.
- The internet of things (IoT) middleware market is also segmented on the basis of vertical into manufacturing, government and defense, automotive and transportation, energy and utilities, healthcare, retail, banking, financial services, and insurance and others.
Internet of Things (IoT) Middleware Market Scope Country Level Analysis
The internet of things (IoT) middleware market is analysed and market size, volume information is provided by country, platform type, organization size and vertical as referenced above.
The countries covered in the internet of things (IoT) middleware market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the internet of things (IoT) middleware market due to rise in the adoption of cloud, increase in the evolution of high-speed network technologies and increase in the adoption of cloud of things technology in organizations to address the problem of data storage and management in this region.
The country section of the internet of things (IoT) middleware market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet of Things (IoT) Middleware Market Share Analysis
The internet of things (IoT) middleware market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to internet of things (IoT) middleware market.
The major players covered in internet of things (IoT) middleware market report are Microsoft, IBM, PTC, Amazon Web Services, Inc, SAP, Cisco Systems, Hitachi, Ltd, Hewlett Packard Enterprise Development LP, Oracle, Robert Bosch GmbH, Salesforce, GENERAL ELECTRIC, Schneider Electric, ClearBlade, Davra, MuleSoft LLC, Axiros, TIBCO Software Inc, Siemens, EUROTECH, Flutura, Litmus Automation Inc, Ayla Networks Inc, QiO Technologies LTD and Aeris among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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