Io t middleware market worth $19.5 billion by 2023
- 1. IoT Middleware Market worth $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: • Device Management • Application Management • Connectivity Management By Vertical • Manufacturing • Government and Defense • Automotive and Transportation • Energy and utilities • Healthcare • Retail • BFSI • Other Verticals And More… By Organization Size • Large Enterprises • SMEs
- 3. Key Segments Manufacturing organizations are moving toward Industry 4.0, wherein smart devices and automation would work together in an entirely new way. With the deployment of IoT ecosystems, a large number of devices are being connected, which range from small sensors and single-purpose microcontroll ers to powerful gateways that connect the devices to the server. The large enterprises segment is expected to have the largest market size in the IoT middleware market, due to their early adoption of IoT platform and hi gh investment capabilities. 1 2 3 4 5 North America is the dominant region for IoT platform deployment and progressive in ter ms of technology adoption. The region comprises US and Canada. Major driving factors for the IoT middleware market are the growing need for centrali zed monitoring, increased cloud adoption, increase in regulatory compliance, evoluti on of high speed network technologies, and rising adoption of next-generation techn ologies.
- 4. Market Growth Rate 2018 2023 Market Size of $ 6.9 billion Market Size of $ 19.5 billion23.0% CAGR
- 5. Key Vendors • IBM (US) • PTC (US) • SAP (Germany) • Cisco (US) • Alphabet (US) • And More Major Players View Report Here - https://www.marketsandmarkets.com/Market-Reports/i ot-middleware-market-84839232.html
- 6. Major Regions • North America • Europe • APAC • MEA • Latin America North America is expected to hold the largest market share. Asia Pacific (APAC) is expected to pr ovide opportunities for debt collectio n software providers and grow at the highest CAGR
- 7. • Where would all these developments take the industry in the mid to long term? • What are the upcoming industry solutions for the IoT middleware market? • Which are the major factors expected to drive the market? • Which region would offer high growth for vendors in the market? • Which solution would gain the highest market share in the market? Key Questions Addressed by the Report:
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