Io t middleware market is expected to grow $19.5 billion by 2023
- 1. IoT Middleware Market is expected to grow $19.5 billion by 2023
- 2. Scope of The Report By Platform Type The research report categorizes the IoT Middleware Market to forecast the revenues and analyse the trends in each of the following subsegments: ā¢ Device Management ā¢ Application Management ā¢ Connectivity Management By Vertical ā¢ Manufacturing ā¢ Government and Defense ā¢ Automotive and Transportation ā¢ Energy and utilities ā¢ Healthcare ā¢ Retail ā¢ BFSI ā¢ Other Verticals And Moreā¦ By Organization Size ā¢ Large Enterprises ā¢ SMEs
- 3. Key Segments With the deployment of IoT ecosystems, a large number of devices are bei ng connected, which range from small sensors and single-purpose microco ntrollers to powerful gateways that connect the devices to the server. Manufacturing organizations are moving toward Industry 4.0, wherein smart devices and automation would work together in an entirely new way. Major driving factors for the IoT middleware market are the growing need for centralized monitoring, increased cloud adoption, increase in regulatory com pliance, evolution of high speed network technologies, and rising adoption of next-generation technologies. 1 2 3 4 5 In Industry 4.0, robotics is connected remotely to computer systems equipped with Mac hine Learning (ML) and Artificial Intelligence (AI) algorithms, which can learn and control robots with minimal inputs. The global IoT middleware market size is expected to grow from USD 6.9 billion in 2 018 to USD 19.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23. 0% during the forecast period.
- 4. Market Growth Rate 2018 2023 Market Size of $ 6.9 billion Market Size of $ 19.5 billion23.0% CAGR
- 5. Key Vendors ā¢ IBM (US) ā¢ PTC (US) ā¢ SAP (Germany) ā¢ Cisco (US) ā¢ Alphabet (US) ā¢ And More Major Players View Report Here - https://www.marketsandmarkets.com/Market-Reports/i ot-middleware-market-84839232.html
- 6. Major Regions ā¢ North America ā¢ Europe ā¢ APAC ā¢ MEA ā¢ Latin America ļ¶ North America is expected to hold the largest market share. ļ¶ Asia Pacific (APAC) is expected to pr ovide opportunities for debt collectio n software providers and grow at the highest CAGR
- 7. ā¢ Where would all these developments take the industry in the mid to long term? ā¢ What are the upcoming industry solutions for the IoT middleware market? ā¢ Which are the major factors expected to drive the market? ā¢ Which region would offer high growth for vendors in the market? ā¢ Which solution would gain the highest market share in the market? Key Questions Addressed by the Report:
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