Innovations will Boost IoT Middleware Market Growth in the Foreseeable Future

Posted by mahendra lunkad on November 1st, 2017

Internet of Things (IoT) is growing much as a necessity than a technology. The adoption of IoT over the globe is increasing at a prominent rate. IoT middleware is a software that is used as an interface between the components of IoT and to establish communication between the IoT components. The components, hardware and machines that are manufactured for connecting in the IoT network can be connected to IoT network with the help of IoT middleware by establishing communication between IoT middleware and machine program.

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The prominent reason supporting and driving the growth of IoT middleware market is the adoption of cloud models by the enterprises, and private and government organizations for optimizing operational capabilities of traditional devices. Another factors responsible for the increasing demand of IoT middleware is the accelerating expenditures of the consumer class in goods and services that involves IoT components and devices.

Global IoT middleware market is segmented on the basis of application, platform, enterprise, service, end-use industry, and geography. Based on application, the IoT middleware market is segmented into application management, data management and other. The platform segment can be further segmented into application enablement, device management, and connectivity management. On the basis enterprise, the IoT middleware market is segmented into small and medium enterprise and large enterprise. The enterprise size is distinguished on the number of employee and geographic presence. The services segment is further segmented into system integration and professional services. The end-use industry segment is bifurcated into IT and telecommunication, automotive and transportation, aerospace, healthcare, manufacturing, energy and utility and others.

Geographically, the IoT Middleware market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. The IoT Middleware market is expected to grow at a significant rate in the developing regions such as Asia Pacific and Middle East and Africa with the developments in the automobile, manufacturing, healthcare, and aerospace industries. The growth of IoT middleware market in the developed regions such as North America and Europe, is expected to be supported by increasing adoption of internet-of-things in the energy & utility, automotive and healthcare industries. Moreover, the adoption of concepts such as Industry 4.0 in production and manufacturing industry is expected to promote the growth of IoT middleware market in this region. The Asia Pacific is expected to be the most opportunistic market for IoT middleware owing to the adoption of IoT in applications which include increasing sustainability of cities, and improving standard of living of people. Additionally, the increasing investments by governments of countries such as China and India of infrastructural development, is expected to support the growth of IoT middleware market in Asia Pacific. South America and Middle East and Africa is also expected to grow at a significant growth rate over the forecast period from 2017 to 2025.

Amongst the various end-use industry verticals, the IoT middleware market in manufacturing industry is expected to grow at a prominent rate followed by automotive and transportation industry. With the increasing expenditure on “Connected Cars or Logistics” and “Autonomous Cars”, the IoT middleware market in automotive and transportation industry is expected to thrive during the forecast period. Moreover, other industry segments such as healthcare, and IT and telecommunication are also expected to grow a decent pace during the forecast period owing to multiple factors including IoT adoption in maintenance and services, building automation, and in-store contextual marketing.

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Some of the key players involved in the IoT Middleware market includes Cisco Systems Inc., Red Hat, Inc., Oracle, PTC, Bosch Software Innovations GmbH, ClearBlade Inc., Davra Networks, Amazon Web Services, Inc., Arrayent, Inc., Axiros - Lasting Advantage, MuleSoft, INC., and WSO2.