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IoT Middleware Market Global Analysis and Forecasts By Platform Size, Share, End User, Forecast To 2027

Press release   •   Jul 04, 2019 12:40 IST

Global IoT Middleware Market

IoT middleware serves as an interface between the components of IoT and enabling communications among elements of the IoT system. Middleware is a component of architecture enables connectivity for a large number of diverse things by providing a connectivity layer for the huge number of devices. An IoT middleware is a combination of integration capabilities and platform providing the platform for connecting devices, applications, users, services in 'cyber-physical' environment. It is a simplified view of software components required to bridge the gap between enterprise integration and M2M and realize the value from IoT. Vendors offer IoT middleware for the various platform such as application management, device management, connectivity management, and others. 

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Some of the leading players in global market: Cisco, General Electric, Google, Hitachi, Ltd., IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Siemens AG

The increasing adoption of IoT across the industries is one of the key drivers for IoT middleware market. The government initiatives such as smart cities projects are one of the significant factor fuelling the growth of IoT middleware market. The trend of smart homes, connected buildings & factories, and others are creating a significant demand for IoT middleware during the forecast period. The market for IoT middleware is witnessing significant partnerships among vendors to innovate advanced middleware in terms of technology, and it is expected to have the significant positive impact on the growth of the IoT middleware market during the forecast period. 

The global IoT middleware market is segmented on the basis of platform and end-user. Based on platform, the market is segmented as Device Management, Application Management, and Connectivity Management. On the basis of end-user the market is segmented as Manufacturing, Government, Automotive and Transportation, Energy and Utilities, Retail, BFSI, and Others.The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IoT middleware market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The IoT middleware market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region. 

The report analyzes factors affecting IoT middleware market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the IoT middleware market in these regions.

The reports cover key developments in the IoT middleware market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from IoT middleware market are anticipated to lucrative growth opportunities in the future with the rising demand for IoT middleware in the global market. Below mentioned is the list of few companies engaged in the IoT middleware market. 

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