The IoT middleware market is expected to register a CAGR of 15.1% during 2023–2031. Integration with advanced technologies such as AL and ML is likely to remain a key trend in the market.
IoT Middleware Market Analysis
- The IoT middleware market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The IoT middleware market is growing owing to factors such as the surge in the adoption of IoT devices, exponential increase in data, and rising security concerns.
- Increasing use cases in various industries and rising investments in smart cities provide lucrative opportunities for the IoT middleware market.
IoT Middleware Market Overview
- IoT middleware is software that operates in an Internet of Things (IoT) system between the hardware and application layers.
- It offers a range of services and features to facilitate communication and interaction across various IoT platforms, devices, and applications.
- IoT middleware is essentially the glue that connects different components of an IoT system, enabling them to work together seamlessly. IoT middleware plays a crucial role in the development and deployment of IoT applications.
- The integration, interoperability, and administration of various IoT platforms, devices, and apps are made possible by the array of services and functionalities IoT middleware offers.
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IoT Middleware Market: Strategic Insights
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IoT Middleware Market: Strategic Insights
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IoT Middleware Market Drivers and Opportunities
Surge In The Adoption Of IoT Devices to Favor Market
- As IoT devices continue to evolve, middleware’s importance in managing and extracting insights from IoT data will grow even further.
Increasing Use Cases in Various Industries
- Investing in IoT middleware platform development can be crucial for businesses catering to different sectors. IoT middleware platforms in manufacturing facilitate the integration of industrial systems, machinery, and sensors.
- It makes predictive maintenance possible, real-time equipment monitoring, and production process optimization possible. On the manufacturing floor, it can improve overall efficiency, streamline operations, and cut down on downtime.
- IoT middleware platform in healthcare helps to manage medical devices, patient data, and healthcare systems. It helps healthcare providers make quick decisions, guarantees safe data interchange across healthcare systems, and enables remote patient monitoring.
- Additionally, it can boost patient outcomes, optimize resource usage, and improve patient care.
IoT Middleware Market Report Segmentation Analysis
Key segments that contributed to the derivation of the IoT middleware market analysis are component, type, organization size, and vertical.
- By component, the market is bifurcated into solutions and services.
- By type, the market is segmented into communication middleware, data management middleware, device management middleware, and security middleware.
- By organization size, the market is bifurcated into small and medium enterprises, and large enterprises.
- By vertical, the market is segmented into IT and telecom, government & defense, retail & ecommerce, manufacturing, BFSI, and others.
IoT Middleware Market Share Analysis by Geography
- The IoT middleware market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering IoT middleware market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the IoT middleware market in these regions.
IoT Middleware Market Report Scope
IoT Middleware Market News and Recent Developments
The IoT middleware market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the IoT middleware market are listed below:
- Alliot Technologies has announced the launch of its new IoT middleware platform, Symbius. Designed to remove the barriers to cellular IoT, Symbius is among the first platforms of its kind to decode recorded data into a common format. Symbius sits between NB-IoT and LTE-M sensors and the users’ dashboard, removing the need for any manual development work. (Alliot Technologies, Press Release, March 2023)
- Quasar announced a partnership with PTC on advanced data solutions for industrial companies. The partner activities will focus on Quasar’s exceptional data management capabilities and the industry-leading industrial connectivity capabilities of PTC’s Kepware platform. Quasar will pursue cutting-edge data solutions, revolutionizing how businesses manage and leverage their IoT data. By integrating the robust Quasar time-series database technology with Kepware, customers can unlock the full potential of their IoT data, leading to more informed decision-making, improved operational efficiency, and transformative business outcomes. (Fujitsu, Press Release, September 2023)
IoT Middleware Market Report Coverage and Deliverables
The “IoT Middleware Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- IoT middleware market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- IoT middleware market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- IoT middleware market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the IoT middleware market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global IoT middleware market is expected to grow at a CAGR of 15.1% during the forecast period 2024 - 2031.
The surge in the adoption of IoT devices, exponential increase in data, and rising security concerns are the major factors driving the IoT middleware market.
Integration with advanced technologies such as AL and ML is anticipated to play a significant role in the global IoT middleware market in the coming years.
The leading players operating in the IoT middleware market are Cisco Systems Inc.; IBM Corporation; Red Hat Inc.; Oracle Corporation; ClearBlade Inc; PTC Inc.; SAP SE; Amazon Web Services; HPE; and Hitachi.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 IOT Middleware Market - By Platform
1.3.2 IOT Middleware Market - By End User
1.3.3 IOT Middleware Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. IOT MIDDLEWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. IOT MIDDLEWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. IOT MIDDLEWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. IOT MIDDLEWARE - GLOBAL MARKET OVERVIEW
6.2. IOT MIDDLEWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IOT MIDDLEWARE MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
7.1. OVERVIEW
7.2. PLATFORM MARKET FORECASTS AND ANALYSIS
7.3. DEVICE MANAGEMENT
7.3.1. Overview
7.3.2. Device Management Market Forecast and Analysis
7.4. APPLICATION MANAGEMENT
7.4.1. Overview
7.4.2. Application Management Market Forecast and Analysis
7.5. CONNECTIVITY MANAGEMENT
7.5.1. Overview
7.5.2. Connectivity Management Market Forecast and Analysis
8. IOT MIDDLEWARE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. MANUFACTURING
8.3.1. Overview
8.3.2. Manufacturing Market Forecast and Analysis
8.4. GOVERNMENT
8.4.1. Overview
8.4.2. Government Market Forecast and Analysis
8.5. AUTOMOTIVE AND TRANSPORTATION
8.5.1. Overview
8.5.2. Automotive and Transportation Market Forecast and Analysis
8.6. ENERGY AND UTILITIES
8.6.1. Overview
8.6.2. Energy and Utilities Market Forecast and Analysis
8.7. RETAIL
8.7.1. Overview
8.7.2. Retail Market Forecast and Analysis
8.8. BFSI
8.8.1. Overview
8.8.2. BFSI Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. IOT MIDDLEWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America IOT Middleware Market Overview
9.1.2 North America IOT Middleware Market Forecasts and Analysis
9.1.3 North America IOT Middleware Market Forecasts and Analysis - By Platform
9.1.4 North America IOT Middleware Market Forecasts and Analysis - By End User
9.1.5 North America IOT Middleware Market Forecasts and Analysis - By Countries
9.1.5.1 United States IOT Middleware Market
9.1.5.1.1 United States IOT Middleware Market by Platform
9.1.5.1.2 United States IOT Middleware Market by End User
9.1.5.2 Canada IOT Middleware Market
9.1.5.2.1 Canada IOT Middleware Market by Platform
9.1.5.2.2 Canada IOT Middleware Market by End User
9.1.5.3 Mexico IOT Middleware Market
9.1.5.3.1 Mexico IOT Middleware Market by Platform
9.1.5.3.2 Mexico IOT Middleware Market by End User
9.2. EUROPE
9.2.1 Europe IOT Middleware Market Overview
9.2.2 Europe IOT Middleware Market Forecasts and Analysis
9.2.3 Europe IOT Middleware Market Forecasts and Analysis - By Platform
9.2.4 Europe IOT Middleware Market Forecasts and Analysis - By End User
9.2.5 Europe IOT Middleware Market Forecasts and Analysis - By Countries
9.2.5.1 Germany IOT Middleware Market
9.2.5.1.1 Germany IOT Middleware Market by Platform
9.2.5.1.2 Germany IOT Middleware Market by End User
9.2.5.2 France IOT Middleware Market
9.2.5.2.1 France IOT Middleware Market by Platform
9.2.5.2.2 France IOT Middleware Market by End User
9.2.5.3 Italy IOT Middleware Market
9.2.5.3.1 Italy IOT Middleware Market by Platform
9.2.5.3.2 Italy IOT Middleware Market by End User
9.2.5.4 United Kingdom IOT Middleware Market
9.2.5.4.1 United Kingdom IOT Middleware Market by Platform
9.2.5.4.2 United Kingdom IOT Middleware Market by End User
9.2.5.5 Russia IOT Middleware Market
9.2.5.5.1 Russia IOT Middleware Market by Platform
9.2.5.5.2 Russia IOT Middleware Market by End User
9.2.5.6 Rest of Europe IOT Middleware Market
9.2.5.6.1 Rest of Europe IOT Middleware Market by Platform
9.2.5.6.2 Rest of Europe IOT Middleware Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific IOT Middleware Market Overview
9.3.2 Asia-Pacific IOT Middleware Market Forecasts and Analysis
9.3.3 Asia-Pacific IOT Middleware Market Forecasts and Analysis - By Platform
9.3.4 Asia-Pacific IOT Middleware Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific IOT Middleware Market Forecasts and Analysis - By Countries
9.3.5.1 Australia IOT Middleware Market
9.3.5.1.1 Australia IOT Middleware Market by Platform
9.3.5.1.2 Australia IOT Middleware Market by End User
9.3.5.2 China IOT Middleware Market
9.3.5.2.1 China IOT Middleware Market by Platform
9.3.5.2.2 China IOT Middleware Market by End User
9.3.5.3 India IOT Middleware Market
9.3.5.3.1 India IOT Middleware Market by Platform
9.3.5.3.2 India IOT Middleware Market by End User
9.3.5.4 Japan IOT Middleware Market
9.3.5.4.1 Japan IOT Middleware Market by Platform
9.3.5.4.2 Japan IOT Middleware Market by End User
9.3.5.5 South Korea IOT Middleware Market
9.3.5.5.1 South Korea IOT Middleware Market by Platform
9.3.5.5.2 South Korea IOT Middleware Market by End User
9.3.5.6 Rest of Asia-Pacific IOT Middleware Market
9.3.5.6.1 Rest of Asia-Pacific IOT Middleware Market by Platform
9.3.5.6.2 Rest of Asia-Pacific IOT Middleware Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa IOT Middleware Market Overview
9.4.2 Middle East and Africa IOT Middleware Market Forecasts and Analysis
9.4.3 Middle East and Africa IOT Middleware Market Forecasts and Analysis - By Platform
9.4.4 Middle East and Africa IOT Middleware Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa IOT Middleware Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa IOT Middleware Market
9.4.5.1.1 South Africa IOT Middleware Market by Platform
9.4.5.1.2 South Africa IOT Middleware Market by End User
9.4.5.2 Saudi Arabia IOT Middleware Market
9.4.5.2.1 Saudi Arabia IOT Middleware Market by Platform
9.4.5.2.2 Saudi Arabia IOT Middleware Market by End User
9.4.5.3 U.A.E IOT Middleware Market
9.4.5.3.1 U.A.E IOT Middleware Market by Platform
9.4.5.3.2 U.A.E IOT Middleware Market by End User
9.4.5.4 Rest of Middle East and Africa IOT Middleware Market
9.4.5.4.1 Rest of Middle East and Africa IOT Middleware Market by Platform
9.4.5.4.2 Rest of Middle East and Africa IOT Middleware Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America IOT Middleware Market Overview
9.5.2 South and Central America IOT Middleware Market Forecasts and Analysis
9.5.3 South and Central America IOT Middleware Market Forecasts and Analysis - By Platform
9.5.4 South and Central America IOT Middleware Market Forecasts and Analysis - By End User
9.5.5 South and Central America IOT Middleware Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil IOT Middleware Market
9.5.5.1.1 Brazil IOT Middleware Market by Platform
9.5.5.1.2 Brazil IOT Middleware Market by End User
9.5.5.2 Argentina IOT Middleware Market
9.5.5.2.1 Argentina IOT Middleware Market by Platform
9.5.5.2.2 Argentina IOT Middleware Market by End User
9.5.5.3 Rest of South and Central America IOT Middleware Market
9.5.5.3.1 Rest of South and Central America IOT Middleware Market by Platform
9.5.5.3.2 Rest of South and Central America IOT Middleware Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. IOT MIDDLEWARE MARKET, KEY COMPANY PROFILES
11.1. AMAZON.COM, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CISCO
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GENERAL ELECTRIC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GOOGLE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HITACHI, LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. IBM CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MICROSOFT CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ORACLE CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAP SE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SIEMENS AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Amazon.com, Inc.
2. Cisco
3. General Electric
4. Google
5. Hitachi, Ltd.
6. IBM Corporation
7. Microsoft Corporation
8. Oracle Corporation
9. SAP SE
10. Siemens AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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