Adroit Market Research
Iot Middleware Market by Platform (Device Management, Application Management, and Connectivity Management), Organization Size (Small and Medium-Sized Enterprises, and Large Enterprises), Vertical (Manufacturing, Government and Defense, Automotive and Transportation, Energy and Utilities, Healthcare, Retail, BFSI, and Others), and by Region, Global Forecast, 2018 to 2028 Single Use License: US$ +1 (214) 884-6068
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Adroit Market Research
Iot Middleware Market Size and Share 2028 • The increasing adoption of cloud is expected to provide opportunities for the IoT middleware market growth • The global IoT middleware market size is projected to reach nearly USD 24.8 billion by 2025. Also, it is projected to gather a CAGR of above 19% over the forecast years 2020-2025. Internet of Things (IoT) middleware can be classified as software that serves as an interface between components of the IoT, making communication possible among elements that would not otherwise be capable of interface in integrated technologies. IoT middleware handles the format, structure, and encoding of the information that is being exchanged between different devices, sensors, and layers. IoT middleware acts as a common standard amongst the diversity of sensors, devices, OS, and applications that encompass the IoT ecosystem architecture. It also serves as APIs for physical layer communication, without exposing anything to the adjacent layers. Moreover, IoT middleware plays a role in the security of the applications integrated in the middleware too. Owing to such advantages, the IoT middleware market is witnessing substantial growth. • The future and existing IoT middleware market progress are outlined to know the market attractiveness. Key influencing factors focus on the IoT middleware of market opportunities over the forecast years. Factors such as their increased adoption across verticals to improve their monitoring and asset tracking are driving the market growth. Also, the huge growth in the number of IoT devices is further aiding the growth of the global IoT middleware market. However, the market is plagued with connectivity standards and implantation issues. The lack of connectivity standard is also leading to a lack of interoperability which is hindering the market growth. Furthermore, the move towards cloud is anticipated to be an opportunity for the IoT middleware companies.
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Iot Middleware Market Size and Share 2028 • The market is segmented based on platform, organization size, vertical, and regions. Based on the platform, the market is divided into device management, application management, and connectivity management. Based on organization size the market is split into small and medium-sized enterprises and large enterprises. By vertical, the IoT middleware market is divided into manufacturing, government and defense, automotive and transportation, energy and utilities, healthcare, retail, BFSI, and others (agriculture, education, tourism, hospitality, IT, and telecom). • The North America region is expected to hold the highest market share during the forecast years owing to the presence of key industry players in the market. The market is at the forefront of internet penetration which is also increasing the North American market. A favorable environment for competition has also resulted in the high technology absorption in the region. Asia-Pacific region is projected to showcase the highest growth rate during the forecast years owing to the increasing awareness about the technology and increasing absorption by booming economies of the region. The region is expected to see a huge adoption of services among small and medium-sized enterprises. • The major players of the global IoT middleware market are Microsoft, IBM, PTC, AWS, SAP, Cisco, Google, Hitachi, HPE, Bosch, Oracle, Salesforce, GE, Schneider Electric, ClearBlade, Davra, MuleSoft, Axiros, TIBCO Software, Siemens, Eurotech, Flutura, Litmus Automation, Ayla Networks, Aeris, QiO Technologies, Atos, and Exosite. These vendors have adopted various traditional and non-traditional growth strategies to enhance their market share including new product launches, partnerships and collaborations, and mergers and acquisitions.
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Adroit Market Research
Iot Middleware Market Size and Share 2028 •
Segment Overview of Global IoT Middleware Market
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Platform Overview, 2018-2028 (USD Million)
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Device Management
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Application Management
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Connectivity Management
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Organization Size Overview, 2018-2028 (USD Million)
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Small and medium-sized enterprises
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Large enterprises
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Vertical Overview, 2018-2028 (USD Million)
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Manufacturing
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Government and Defence
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Automotive and Transportation
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Energy and Utilities
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Healthcare
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Retail
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BFSI
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Others (agriculture, education, tourism, hospitality, IT and telecom)
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Adroit Market Research
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more.
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