IoT Middleware Market Size, Share, Growth, Trend, analysis and forecast 2022-2028
According to a new report published by UnivDatos Markets Insights, the IoT Middleware Market is
expected to grow at a CAGR of around 19% from 2022-2028. The
analysis has been segmented into Platform Type (Device Management, Application
Management, and Connectivity Management); Organization Size (Large Enterprises
and SMEs); Industry (Manufacturing, Government, Transportation, Healthcare, and
Others); Region/Country.
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the IoT middleware market report has been aggregated by collecting
informative data on various dynamics such as market drivers, restraints, and
opportunities. This innovative report makes use of several analyses to get a
closer outlook on the IoT middleware market. The IoT middleware market report
offers a detailed analysis of the latest industry developments and trending
factors in the market that are influencing market growth. Furthermore, this
statistical market research repository examines and estimates the IoT middleware
market at the global and regional levels.
Market Overview
The global IoT middleware market is
anticipated to witness an uptick with the increasing development of high-speed
network technologies and the rising government investments and initiatives in
projects like smart cities & automation are also fueling the market growth.
IoT middleware is defined as software that acts as an interface between IoT
components. It helps establish communication between IoT components. By
establishing communication between IoT middleware and machine programs,
machines, components, and hardware can be connected to IoT networks using IoT
middleware. Furthermore, according to the GSM Association, IoT connections will
reach almost 25 billion globally by 2025, up from 10.3 billion in 2018, which
is further contributing to the growth of this market. Moreover, the absence of
uniform IoT standards and concerns over data security and privacy are the major
factors among others restraining the market growth.
Some of the major players operating in the market
include Microsoft Corporation, International Business Machines Corporation,
Amazon.com Inc., SAP SE, PTC Inc., Cisco Systems Inc., Google LLC, Hewlett
Packard Enterprises, Robert Bosch GmbH, and Oracle Corporation.
COVID-19 Impact
The outbreak of Covid-19 significantly
impacted the market size of IoT middleware in 2020. It intensified the need to
invest in IoT infrastructure and solutions to boost the productivity and
efficiency of various industries. The demand for improving processes, enhancing
production efficiency and quality, and helping to introduce greater flexibility
into the business are further impacting the IoT middleware market.
The global IoT middleware
market report is studied thoroughly with several aspects that would help
stakeholders in making their decisions more curated.
·
Based on organization size, the market is
classified into large enterprises and SMEs. Large enterprises are expected to
witness influential growth. This is mainly because large enterprises are keen
to utilize the advantages of IoT platforms to increase the scalability and
efficiency of their businesses. The multiple benefits of IoT, such as reduced
costs, increased agility, and scalability, increased revenue, and improved
performance, have led small businesses to adopt IoT solutions. This will
positively impact the growth of the IoT middleware market
The market is
segmented on the basis of manufacturing, government, transportation,
healthcare, and others. The manufacturing industry caters significant share of
the market and is expected to witness considerable growth in the forecasted
period as well. Factors such as the increasing adoption of IoT in the manufacturing
industry and the growing manufacturing sector all around the globe are
accelerating the market outlook. For instance, according to the United
Nations Industrial Development Organization (UNIDO), global manufacturing
production increased by 9.4 percent in 2021, after the pandemic-related drop of
4.2 percent in 2020.
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IoT
Middleware Market Geographical Segmentation Includes:
·
North America (United States, Canada, and Rest
of North America)
·
Europe (Germany, United Kingdom, Spain, Italy,
France, and the Rest of Europe)
·
Asia-Pacific (China, Japan, India, and the Rest
of Asia-Pacific)
·
Rest of the World
APAC
held a prominent share of the market and is further expected to grow at an
influential growth rate. This is mainly due to growing awareness of increasing
business productivity, complemented by well-designed IoT middleware platforms
offered by vendors based in the region. Moreover, the presence of rapidly
growing economies such as China and India is another factor contributing to the
growth of the IoT middleware market in the region.
The major
players targeting the market include
·
Microsoft Corporation
·
International
Business Machines Corporation
·
Amazon.com Inc.
·
SAP SE
·
PTC Inc.
·
Cisco Systems Inc.
·
Google LLC
·
Hewlett Packard
Enterprises
·
Robert Bosch GmbH
·
Oracle Corporation
Competitive Landscape
The degree of competition among prominent global companies
has been elaborated by analyzing several leading key players operating
worldwide. The specialist team of research analysts sheds light on various
traits such as global market competition, market share, most recent industry
advancements, innovative product launches, partnerships, mergers, or
acquisitions by leading companies in the IoT middleware market. The
major players have been analyzed by using research methodologies for getting
insight views on global competition.
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Key questions resolved through this analytical market research report
include:
• What are the latest trends, new patterns, and
technological advancements in the IoT middleware market?
• Which factors are influencing the IoT middleware market over the
forecast period?
• What are the global challenges, threats, and risks in the IoT middleware
market?
• Which factors are propelling and restraining the IoT middleware
market?
• What are the demanding global regions of the IoT middleware
market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and
policies applied by global companies?
We understand the requirement of
different businesses, regions, and countries, we offer customized reports as
per your requirements of business nature and geography. Please let us know If
you have any custom needs.
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Table of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL IOT MIDDLEWARE MARKET COVID-19 IMPACT
6 GLOBAL IOT MIDDLEWARE MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY PLATFORM TYPE
8 MARKET INSIGHTS BY ORGANIZATION SIZE
9 MARKET INSIGHTS BY INDUSTRY
10 MARKET INSIGHTS BY REGION
11 IOT MIDDLEWARE MARKET DYNAMICS
12 IOT MIDDLEWARE MARKET OPPORTUNITIES
13 IOT MIDDLEWARE MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
About UnivDatos
Market Insights
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research firm and a subsidiary of Universal Data Solutions. We believe in
delivering insights through Market Intelligence Reports, Customized Business
Research, and Primary Research. Our research studies are spread across topics
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