IoT Middleware Market to Grow at USD 40.3 Billion with CAGR by of 18.30% by 2032 – According to MRFR
Research Reports
Oct 04, 2023
Market Analysis
The global IoT middleware market will touch USD 40.3 billion at an 18.30% CAGR by 2032, as per the recent Market Research Future report.
Market Segmentation
The global IoT middleware market is bifurcated based on vertical, organization size, and platform type.
By platform type, connectivity management will lead the market over the forecast period.
By organization size, large enterprises will domineer the market over the forecast period.
By vertical, manufacturing will spearhead the market over the forecast period.
Key Players
Eminent industry players profiled in the IoT middleware market report include
- Microsoft (US)
- IBM (US)
- SAP (Germany)
- Cisco (US)
- Google (US)
- Hitachi (Japan)
- Bosch (Germany)
- Oracle (US)
- General Electric (US)
- Schneider Electric (US)
- ClearBlade(US)
- Davra (US)
- MuleSoft (US)
- TIBCO Software (US)
Get Free Sample PDF File:
https://www.marketresearchfuture.com/sample_request/10790
Market Scope:
|
Report Metrics |
Details |
|
Market Size by 2032 |
USD 40.3 Billion |
|
CAGR during 2023-2032 |
18.30% |
|
Base Year |
2022 |
|
Forecast |
2023-2032 |
Drivers
Smart City Projects to Boost Market Growth
It is anticipated that government initiatives, like smart city programs, would increase demand for IoT middleware. The market is anticipated to benefit from trends like networked industries, residences, and buildings. Additionally, the idea of “smart cities” has created a lot of opportunity for IoT in the infrastructure, trash, and energy sectors. There are already a number of smart city projects & efforts underway, and by 2025, there should be about 30 worldwide smart cities.
Buy This Premium Report Now:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=10790
Opportunities
Growing Adoption in Manufacturing Sector to offer Robust Opportunities
IoT gives manufacturers the ability to link their equipment and control systems, giving them a thorough understanding of the production process. This is likely to drive the use of the IoT middleware in the manufacturing sector. IoT in manufacturing, a rise in machine-to-machine connections, and a rise in the need for the factory efficiency on floor and in the field are all results of the rising use of industrial technology. Particularly for industrial organizations that have embraced automated solutions, the role of IoT has grown.
Restraints and Challenges
Dearth of Uniform IoT Standards to act as Market Restraint
The dearth of uniform IoT standards, absence of interoperability, data security & privacy issues, shortage of skilled workforce, and security challenges may act as market restraints over the forecast period.
COVID-19 Analysis
In order to accommodate remote employment, contactless operations, & new business models, several sectors realized they needed to speed up their digital transformation initiatives. The need for IoT solutions, such as middleware, to allow remote monitoring, the data analysis, & automation rose as a result. Due to the necessity for remote patient monitoring, medical equipment tracking and assuring the safety of healthcare personnel, the IoT solutions market in the healthcare sector experienced a boom in interest. In order to link medical devices and make data-driven healthcare solutions possible, middleware was essential.
Access Complete Report:
https://www.marketresearchfuture.com/reports/iot-middleware-market-10790
Regional Analysis
North America to Command IoT Middleware Market
Because it is the market leader in IoT middleware and because IoT is becoming increasingly important in the region’s key end-user industries that generate revenue, such as connected cars, energy efficiency programs, home automation, and an emphasis on innovative manufacturing, the North American market will dominate this market in the projected timeframe. The deployment of connected automobiles, smart energy projects, the home automation, and a focus on smart manufacturing are driving the expanding role of IoT among the region’s important revenue-generating end-user sectors. North America is likely to be a key market in this regard. Early adoption of technologies like Big Data, IoT, & mobility in the US and Canada presents the IoT middleware industry with considerable potential prospects.
Related Articles:
Generative AI in BFSI Market
Generative AI in Data Analytics Market
Generative AI in Energy Market
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact Information:
Contact: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Extended Distribution, iCN Internal Distribution, BNN, Research Newswire, English