IoT Middleware Market Share and Global Market Forecast to 2023


Posted October 22, 2019 by dheerajpawar7359

[117 Pages Report] IoT Middleware Market sizes, analysis, trends, & forecasts. The global market for IoT Middleware categorized by platform type, organization size, vertical and by region.

 
According to a new market research report "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", The global IoT middleware market size is expected to grow from USD 6.9 billion in 2018 to USD 19.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period. Major driving factors for the IoT middleware market are the growing need for centralized monitoring, increased cloud adoption, increase in regulatory compliance, evolution of high speed network technologies, and rising adoption of next-generation technologies.
Browse and in-depth TOC on “IoT Middleware Market”
42 - Tables
43 - Figures
117 - Pages
Large enterprises segment to account for a higher market share during the forecast period
The large enterprises segment is expected to have the largest market size in the IoT middleware market, due to their early adoption of IoT platform and high investment capabilities. In addition to this, large enterprises are investing in IoT platform and associated services to cater to the dynamic customer needs, streamline business operations, and enhance the experience of the stakeholders. Moreover, affordability of resources and high economies of scale enable these organizations to leverage the benefits of IoT platform.
Manufacturing vertical to account for the highest market share during the forecast period
Manufacturing organizations are moving toward Industry 4.0, wherein smart devices and automation would work together in an entirely new way. In Industry 4.0, robotics is connected remotely to computer systems equipped with Machine Learning (ML) and Artificial Intelligence (AI) algorithms, which can learn and control robots with minimal inputs. The Industry 4.0 includes cyber-physical systems, which monitor physical processes of factories and make decentralized decisions. IoT is at the center of factory automation and Industry 4.0, and helps organizations streamline their business processes and optimize operations. IoT platforms enable connectivity between various layers and the application layer. IoT platforms help manufacturing companies to automate processes and manage supply chains.
Device management segment to account for the highest market share during the forecast period
With the deployment of IoT ecosystems, a large number of devices are being connected, which range from small sensors and single-purpose microcontrollers to powerful gateways that connect the devices to the server. These ecosystems need a single platform that can manage the information and applications across a variety of devices. The device management platform provides capabilities, such as provisioning and authentication, configuration and control, monitoring and diagnostics, software updates, and maintenance. Device management platforms assist organizations in effectively managing and tracking, and securing the devices used in the organization.
Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84839232
North America to account for the highest market share during the forecast period
North America is the dominant region for IoT platform deployment and progressive in terms of technology adoption. The region comprises US and Canada. The US accounts for the highest market share in the IoT middleware market. The US and Canada are also the early adopters of trending technologies, such as IoT, big data, and mobility, and it would provide significant growth opportunities for IoT platform vendors.
Major vendors in the global IoT middleware market include IBM (US), PTC (US), SAP (Germany), Cisco (US), Alphabet (US), Amazon (US), Hitachi (Japan), HPE (US), Bosch (Germany), Microsoft (US), Salesforce (US), Oracle (US), GE (US), Siemens (Germany), and Schneider Electric (France).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/iot-middleware.asp
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By dheerajpawar
Phone 8886006441
Business Address 630 Dundee Road Suite 430
Country United States
Categories Technology
Tags internet of things , internet of things middleware , iot middleware , iot middleware market
Last Updated October 22, 2019