IoT Middleware Market Size, Share & Growth | Forecast [2030]
IoT Middleware Market Size, Share & Growth | Forecast [2030]
Segments - IoT Middleware Market by Platforms (Application Enablement, Device Management, and Connectivity Management), End-users (Manufacturing, Healthcare, Energy & Utilities, Transportation & Logistics, and Agriculture) and Regions (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) -Global Industry Analysis, Growth, Trends, Share, and Forecast 2021 - 2028
Upcoming
| Report ID :ICT-SE-2710
| 4.7 Rating
| 74 Reviews
| 211 Pages
| Format :
Report Description
The global IoT middleware market size is anticipated to expand at a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing focus on deploying connected ecosystem and the standardization of 3GPP cellular IoT technologies.
The middleware helps developers to make the application more efficient. It acts as a connecting tissue between user, data, and applications. The middleware is classified into three main categories, namely application-specific, information-exchange and management, and support middleware.
IoT middleware is a software that is an interface between IoT devices to make the communication easier and accessible. The middleware connects different and complex programs that weren’t originally designed to be connected with other components. It is used in home-automation, healthcare, commercial buildings, and public space.
The COVID-19 has affected both customers as well as the market, basically negatively impacting countries across the globe. With the imposition of lockdown, the retail and manufacturing industry was hugely impacted in 2020. However, the relaxation in restrictions is expected to drive the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid industrialization is one of the key drivers of the IoT middleware market.
- Rising government initiatives and support in the development of smart cities projects is anticipated to fuel the market growth.
- Lack of awareness of the latest technology in emerging economies can create challenges for the market.
- The trend of smart home and increasing adoption of automation are major factors that can create lucrative opportunities during the forecast period.
Scope of IoT Middleware Market Report
The report on the IoT middleware market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
IOT Middleware Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Platforms (Application Enablement, Device Management, and Connectivity Management) and End-users (Manufacturing, Healthcare, Energy & Utilities, Transportation & Logistics, and Agriculture) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
IBM; Oracle; Cisco; Clear Blade; and PTC |
IoT Middleware Market Segment Insights
Connectivity Management to hold a considerable market share
Based on platforms, the market is divided into application enablement, device management, and connectivity management. The connectivity management is anticipated to account for a significant market share during the forecast period. Rising demand for effective connectivity management platforms is anticipated to drive the market growth. However, the device management segment is expected to grow at a rapid rate in the coming years.
Manufacturing segment is estimated to hold a key market share
On the basis of end-users, the market is segregated into manufacturing, healthcare, energy & utilities, transportation & logistics, and agriculture. The manufacturing segment is anticipated to hold a key share of the market during the forecast period. Rapid industrialization in emerging economies is driving the growth of the market segment.
On the other hand, the transportation & logistics segment is expected to grow at a robust rate due increasing labor cost and rapid increase in the e-commerce activities across the globe.
North America to constitute a considerable market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to account for a significant market share The early adoption of technologies, such as big data, IoT, and mobility is driving the growth of the market in the region. The US is on the verge of the fourth industrial revolution.
Data is being used on a large scale for production while integrating it with a wide variety of manufacturing systems throughout the supply chain. Increasing labor cost and growing competition from the large global manufacturers are key factors attracting the investment for technologies such as IoT to remain competitive and maintain the operating margins.
Segments
Platforms
- Application Enablement
- Connectivity Management
- Device Management
End-users
- Manufacturing
- Health Care
- Energy and Utilities
- Transportation & Logistics
- Agriculture
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players/Major players in the IOT middleware market are IBM; Oracle; Cisco; Clear Blade; and PTC. Major players in the market are adopting major strategies such as product innovation, mergers, and acquisitions to widen their product functionality and stay competitive in the market.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. IoT Middleware Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. IoT Middleware Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. IoT Middleware Market - Supply Chain
4.5. Global IoT Middleware Market Forecast
4.5.1. IoT Middleware Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IoT Middleware Market Size (000’ Units) and Y-o-Y Growth
4.5.3. IoT Middleware Market Absolute $ Opportunity
5. Global IoT Middleware Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. IoT Middleware Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global IoT Middleware Demand Share Forecast, 2019-2026
6. North America IoT Middleware Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America IoT Middleware Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America IoT Middleware Demand Share Forecast, 2019-2026
7. Latin America IoT Middleware Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America IoT Middleware Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America IoT Middleware Demand Share Forecast, 2019-2026
8. Europe IoT Middleware Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe IoT Middleware Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe IoT Middleware Demand Share Forecast, 2019-2026
9. Asia Pacific IoT Middleware Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific IoT Middleware Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific IoT Middleware Demand Share Forecast, 2019-2026
10. Middle East & Africa IoT Middleware Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa IoT Middleware Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa IoT Middleware Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global IoT Middleware Market: Market Share Analysis
11.2. IoT Middleware Distributors and Customers
11.3. IoT Middleware Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
Related Reports
Some other reports from this category!
Our Clients
