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TMCNet:  IoT Middleware Market worth $25.0 billion by 2025 - Exclusive Report by MarketsandMarkets™

[July 27, 2020]

IoT Middleware Market worth $25.0 billion by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, July 27, 2020 /PRNewswire/ -- 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 2025", published by MarketsandMarkets™, the global IoT Middleware Market size is expected to grow from USD 10.1 billion in 2020 to USD 25.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period.

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Browse in-depth TOC on "IoT Middleware Market"

301 – Tables
42 – Figures
266 – Pages

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Increasing use of embedded sensors, and availability of fast cellular networks LTA and 3G driving the adoption of IoT middleware platforms in healthcare vertical during the forecast period

Connectivity between sensors and devices enables healthcare organizations to streamline their clinical operations and manage workflows, and aid in real-time patient care, even from remote locations. Hence, healthcare organizations are focusing on implementing robust applications and connected technologies. Some of the new IoT enabled solutions for the healthcare industry are remote patient monitoring, healthcare workflow management, medication management, and medical asset tracking. Organizations are getting involved in this vertical because of the significant knowledge and experience they share over communication infrastructure, which is essential for M2M communication.

Rising need to manage, secure, and track devices in an organization to drive the demand for device management platform segment to hold a larger market size

The IoT Middleware Market covers platform types such as device management, application management, and network management. The device management platform provides capabilities such as provisioning and authentication, configuration and control, monitoring and diagnostics, software updates, and maintenance. Furthermore, the device management platform is instrumental in offering advanced features, such as activation certification, configuration, device monitoring, troubleshooting, and service and device eablement. Device management platforms assist organizations in effectively managing and tracking, and securing the devices used in the organization. With the help of these platforms, organizations can proactively and remotely monitor and configure their smart devices and other hardware and software solutions as soon as their devices and processes are connected.

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North America to dominate the market during the forecast period

North America is expected to dominate the global market from 2020 to 2025, owing to the presence of several solution vendors in the US. Canada has the highest internet penetration rate responsible for the growth of North America. Additionally, the presence of several vendors and favorable support environments has led to the foundation of a robust support ecosystem in the region. The increasing demand for risk management solutions and rise in the requirement of on-time authentic information would drive the growth of the IoT Middleware Market in this region.

The major vendors offering IoT Middleware Market are IBM (US), Microsoft(US), AWS (US), SAP (Germany), PTC (US), Cisco (US), Google (US), Hitachi (Japan), HPE (US), Bosch (Germany), Oracle (US), Salesforce (US), GE (US), Schneider Electric (US), ClearBlade(US), Davra (US), MuleSoft (US), Axiros (Germany), TIBCO Software (US), Siemens (Germany), Eurotech (Italy), Flutura (US), Litmus Automation (US), Ayla Networks (US), Aeris (US), QiO Technologies (UK), Atos (France), and Exosite (US).

Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting

Browse Related Reports:

North America IT Services Market by Type (Professional, Managed, and Telecom), Deployment Type (On-Premise and Cloud), Organization Size (SMBS and Enterprises), Business Function, and Industry Vertical - Global Forecast to 2021 
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Internet of Things (IoT) Market by Software Solution (Real-Time Streaming Analytics, Security Solution, Data Management, Remote Monitoring, and Network Bandwidth Management), Service, Platform, Application Area, and Region - Global Forecast to 2022 
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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 painpoints 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, 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.

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