According to the 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.
Report Objectives
• To define, describe, and forecast the Internet of Things (IoT) middleware market by platform type, organization size, vertical, and region
• To provide detailed information about major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
• To analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
• 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 competencies1
• To analyze competitive developments, such as new partnerships, new contracts, and new product developments, in the IoT middleware market
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=84839232
Recent Developments
• In September 2018, Microsoft announced the launch of Azure Digital Twins developed as part of the Azure IoT platform to provide scalability, reliability, compliance, security, and privacy benefits.
• In February 2017, IBM partnered with Bosch, to make available Bosch’s IoT suite services on IBM Bluemix and IBM Watson IoT Platform for clients to efficiently update their IoT devices.
• In November 2016, SAP partnered with GE Digital, a leading provider of IoT manufacturing solutions. As per this partnership, SAP would be able to deploy advanced IoT solutions for its commercial clients.
Major IoT middleware market vendors 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). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global IoT middleware market. New product launches, partnerships, and agreements have been the most adopted strategies by the major players from 2016 to 2018, which helped them innovate their offerings and broaden their customer base.
Microsoft is one of the leading players in the global IoT middleware market. The company generates revenue by licensing and supporting a range of software products, and offering a series of cloud-based and other services to customers across the globe. In the IoT Middleware market, the company offers Microsoft Azure IoT platform to accelerate business transformation with the help of the IoT technology. The company adopted organic growth strategies, such as new product launches and product enhancements. For instance, in September 2018, Microsoft announced the launch of Azure Digital Twins developed as part of the Azure IoT platform for enabling its clients to build next-generation IoT solutions.

Contact:
MarketsandMarkets™ INC.
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/iot-middleware-market.asp