Worldwide IoT Middleware Market 2023 Analysis & Forecast Report
The “IoT Middleware Market by Platform Type (Device, Application, and Connectivity Management), Organization Size (Large Enterprises and SMES), Vertical (Manufacturing, Government & Defense, Automotive & Transportation), and Region – Global Forecast to 2023” report presents an in-depth assessment of the IoT Middleware including enabling technologies, key trends, market drivers, challenges, deployment case studies, standardization, opportunities, future roadmap, value chain, Top key player profiles and strategies. The report also presents market size forecasts from 2018 till 2023.
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The Global IoT Middleware Market is expected to grow from US$ 6.9 Billion in 2018 to US$ 19.5 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period. Major growth factors for the market include integrating operations technology and IT, growing need for centralized monitoring, increased adoption of cloud, and evolution of high network technologies.
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The IoT Middleware Market comprises several stakeholders, such as solution and service providers, maintenance service providers, manufacturing enterprises, technology consultants, system design and development vendors, logistics and supply chain management providers.
APAC has witnessed advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. APAC is taking aggressive initiatives to leverage the IT infrastructure, enabling commercial users to adopt cutting-edge technologies. According to GSM Association, APAC represents the single largest market for IoT services with an expected 7 billion connections by 2021. Many active IoT organizations, such as Shenzhen, Samsung, and Hitachi are from APAC.
Top Key Players in the “IoT Middleware Market” include are
- International Business Machines Corporation (IBM)
- PTC Inc. (PTC)
- SAP SE (SAP)
- Oracle Corporation (Oracle)
- Hitachi Ltd. (Hitachi)
- General Electric Company (GE)
- Amazon Web Services Inc. (AWS)
- Cisco Systems Inc. (Cisco)
- Hewlett Packard Enterprise Company (HPE)
- Salesforce.com Inc. (Sales force)
- Bosch Group (Bosch)
- Microsoft Corporation (Microsoft)
- Siemens Group (Siemens)
- Alphabet Inc. (Google)
- Schneider Electric Infrastructure Limited (Schneider)
The Study Objectives of this report are:
- To analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
- To define, describe, and forecast the Internet of Things (IoT) middleware industry by platform type, organization size, vertical, and region
- To analyze competitive developments, such as new partnerships, new contracts, and new product developments, in the IoT middleware market
- To forecast the market size of the segments with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To profile the key players and comprehensively analyze their market rankings and core competencies
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Reason to buy this report:
The report would help the market leaders/new entrants in the IoT middleware market with the information on the closest approximations of the revenue numbers for the overall IoT middleware market and sub segments. The report would also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
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