The global IoT middleware market accounted for a value of USD 6.6 billion in 2019. Middleware market projected to register growth at a CAGR of 21.1% during forecast period.
COVID-19 has impacted all the businesses over the globe. The offices, educational institutions and manufacturing facilities etc were shutdown. Major activities were postponed due to nation wise lockdown. Work from home and social distancing has become new normal all the offices and other activities are operating through work from home. Major businesses are looking for technologies to help them in operating businesses during this pandemic situation. The main focus is shifting on remote operation of patients as the number of cases of doctors getting infected despite taking protection and care is rising across the globe. IoT helps in minimizing physical assistance and helps businesses operate remotely. This drives positive impact on IoT middleware market during forecast period due to corona virus.
For more details, visit: Global IoT Middleware Market By Platform Type(Application Management, Connectivity Management, others), By End User (Transportation and Logistics, Energy and Utilities, Others), By Region–Forecast & Opportunities to 2026
IoT provides real time information and operational data to organizations which is generated from machines, equipments, intelligent devices and other devices which are connected to the IoT systems. The collected data can be analyzed for centralized monitoring by companies for asset and infrastructure management. The collected data is very beneficial for the organizations. This drives growth in IoT middleware market during forecast period.
On the basis of platform type, the IoT middleware market is segmented into device management, application management and connectivity management. Connectivity management segment is estimated to register growth at highest CAGR during forecast period. The devices used in by organizations to connect geographically dispersed teams needs to be continuously controlled and monitored foe smooth operation of an organization. The connectivity management platform helps in providing a common platform to organizations for managing entire network. This segment provides organizations, a platform to analyze data transfer over a network and helps in preventing crashing of network. Thus, the demand for connectivity management is growing immensely and drives growth in this segment during forecast period.
On the basis of end-use industry, the IoT middleware market is segmented into healthcare, energy & utilities, transportation & logistics, manufacturing, agriculture and others. The manufacturing industry is estimated to register highest growth during forecast period. The manufacturers can connect machinery and control systems using IoT. It allows them to get a deep insights about the processes used in manufacturing. This drives growth in manufacturing segment during forecast period.
Asia-Pacific is estimated to hold largest market growth rate during forecast period. The awareness about the advanced technologies and improve business productivity is increasing across the world. The IoT middleware helps in improving business operation and productivity. The deployment of IoT and facilities for deployment and management of data applications in various organizations is increasing in this region. Countries such as China, India and Japan are rapidly growing economies and these countries are adopting IoT middleware platforms to meet the need of data quality by small and large enterprises in this region.
The key market players in IoT middleware market are Microsoft, SAP, Cisco, AWS, IBM, PTC, Google, Hitachi, HPE, Bosch, GE, Salesforce, Oracle, Schneider Electric, Davra, Mulesoft, ClearBlade and TIBCO.
- What are the expected industry trends over the next three to five years?
- Which of the IoT middleware platform type is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?