The expected figure in 2025 is to reach 1,567 billion dollars. In fact, year on year, there appears to be a significant increase. SMEs are becoming increasingly flexible in incorporating new technologies with their existing systems, whereas large manufacturers have massive budgets for digitization. IoT has been one of the most talked-about trends within the digital era. IoT solutions market in the European Union (EU) 2025 The most important statistics Average spend per company on "Internet of Things" worldwide in 2015, by industry The growing acceptance of industrial 4.0 has buoyed IoT in manufacturing. Some of the key trends … It uses AI and machine learning to optimize machine production. Tesla set the industry benchmark for connected cars when it launched the Model S in 2012, introducing the first over-the-air software update capabilities. Moreover, the IoT middleware market report comprises various qualitative parts of the IoT middleware industry in market restraints, essential industry drivers, and opportunities. North America is expected to be a prominent market due to the growing role of IoT among the significant revenue-generating end-user industries of the region, driven by the deployment of connected cars, smart energy projects, home automation, and focus on smart manufacturing. Smart City. According to the [220+ Pages] research report; the global IoT Healthcare Market in 2018 was approximately USD 9,187 million. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors. The emerging applications and business models coupled with the falling device costs have been instrumental in driving IoT adoption and, consequently, the number of connected devices - connected cars, machines, meters, wearable, and consumer electronics. For GMT Office Hours Call +353-1-416-8900, "IoT Middleware Market - Growth, Trends, and Forecasts (2020 - 2025)", https://www.researchandmarkets.com/r/h8hm3m. Factors such as their increased adoption across verticals to improve their monitoring and asset tracking are driving the market growth. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. For E.S.T Office Hours Call 1-917-300-0470 This year it has taken on new precedence as the pandemic’s emergence changed the way we live and work. Manufacturing Expected to Have the High Potential Growth. Aviation IoT Market Current Trends and Future Demand Of With Top Business Growing Strategies, Technological Innovation and Emerging Trends of … IoT middleware acts as a common standard amongst the diversity of sensors, devices, OS, and applications that encompass the IoT ecosystem architecture. By vertical, the IoT middleware market is divided into manufacturing, government and defense, automotive and transportation, energy and utilities, healthcare, retail, BFSI, and others (agriculture, education, tourism, hospitality, IT, and telecom). Since then pretty much every car manufacturer has followed suit integrating similar IoT technologies. The drive for IoT operating system market largely pivots on the proliferating demand for IoT solutions in various industries. Request a pdf sample at https://www.adroitmarketresearch.com/contacts/request-sample/1724. We follow a code– Explore, Learn and Transform. Overview. In the urban environment, the services that people use can be significantly improved thanks to the IoT solutions already available on the market. Some of the key trends … The increasing number of machines to machine connections and the growing need for factory efficiency on the floor and the field. The drive for IoT operating system market largely pivots on the proliferating demand for IoT solutions in various industries. The trends for IoT, BYOD, AI, and machine learning in cybersecurity are increasing. The lack of connectivity standard is also leading to a lack of interoperability which is hindering the market growth. Moreover, IoT middleware plays a role in the security of the applications integrated in the middleware too. Direct purchase the report at https://www.adroitmarketresearch.com/researchreport/purchase/1724. Owing to such advantages, the IoT middleware market is witnessing substantial growth. For instance, in September 2019, Hitachi Vantara released Lumada Manufacturing Insights, a suite of Industrial IoT solutions that empower the manufacturing industry to achieve transformative outcomes from data-driven insights. It also serves as APIs for physical layer communication, without exposing anything to the adjacent layers. The report on the industrial IoT gateway market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. Based on organization size the market is split into small and medium-sized enterprises and large enterprises. Also, the huge growth in the number of IoT devices is further aiding the growth of the global IoT middleware market. If yes, then get in touch with us at https://www.adroitmarketresearch.com/contacts/discount/1724. The global IoT middleware market size is projected to reach nearly USD 24.8 billion by 2025. IoT in Consumer Electronics Market 2021 Global Research Report with Focus on Size, Share, Trends, Developments, Company Profile and Forecast 2023 … IoT Middleware Market to reach US $24.8 billion by 2025 - Insights on Trends, Value Chain Analysis, Regulatory Landscape, Growth Opportunities and Future Outlook: Adroit Market … A favorable environment for competition has also resulted in the high technology absorption in the region. … Contact Us:Ryan JohnsonAccount Manager - Global3131 McKinney Ave Ste 600Dallas, TX 75204Email ID: sales@adroitmarketresearch.com Phone No. 2a. Asia-Pacific region is projected to showcase the highest growth rate during the forecast years owing to the increasing awareness about the technology and increasing absorption by booming economies of the region. Data is being used on a large scale for production while integrating it with a wide variety of manufacturing systems throughout the supply chain. : +1 972-362 -8199Connect with us: Facebook | Twitter | LinkedIn. Are you looking for a DISCOUNT? Field Device Management Market Size To Reach $1.97 Billion By 2025, Based On Latest Trends of Digitalization & IoT | Million Insights PRESS RELEASE PR Newswire Jan. 25, 2021, 10:40 AM Therefore, this segment is expected to benefit from the rapid emergence of Open-source IoT middleware developments. Therefore, the emergence of information technology and the increased usage of IoT across a wide range of manufacturing, industrial, and automotive applications, have added a new dimension to conducting business operations. However, the market is plagued with connectivity standards and implantation issues. Cellular Iot Market is expected to grow from USD 1.26 billion in 2015 to USD 5.31 billion by 2025, growing at a CAGR of 23% during the forecast period. The increasing adoption of cloud is expected to provide opportunities for the IoT middleware market growth, https://www.adroitmarketresearch.com/contacts/request-sample/1724, https://www.adroitmarketresearch.com/industry-reports/iot-middleware-market, https://www.adroitmarketresearch.com/researchreport/purchase/1724, https://www.adroitmarketresearch.com/contacts/discount/1724, Global Rich Communication Services Market, Application Delivery Controller Management Market. The market is expected to … The Global Industrial Iot Platform Market size is expected to grow at an annual average of 26.3% during 2019-2025. The federal government is investing in emerging technologies and smart manufacturing initiatives, such as the Smart Manufacturing Leadership Coalition (SMLC), to drive and facilitate the broad adoption of manufacturing intelligence. Furthermore, the move towards cloud is anticipated to be an opportunity for the IoT middleware companies. Manufacturers in the region rely on IIoT platforms for general process optimization, dashboards and visualization, and condition monitoring. Another factor driving the market growth is the advantage of IoT in attaining "informed" manufacturing. The market is at the forefront of internet penetration which is also increasing the North American market. (Source: Statista) This demonstrates just how quickly the IoT market is growing. Also, the IoT middleware industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence. These vendors have adopted various traditional and non-traditional growth strategies to enhance their market share including new product launches, partnerships and collaborations, and mergers and acquisitions. press@researchandmarkets.com The major players of the global IoT middleware market are Microsoft, IBM, PTC, AWS, SAP, Cisco, Google, Hitachi, HPE, Bosch, Oracle, Salesforce, GE, Schneider Electric, ClearBlade, Davra, MuleSoft, Axiros, TIBCO Software, Siemens, Eurotech, Flutura, Litmus Automation, Ayla Networks, Aeris, QiO Technologies, Atos, and Exosite. The report also outlines the various characteristics of the global IoT middleware industry by assessing the market from value chain analysis. FELTON, Calif., Jan. 25, 2021 /PRNewswire/ -- The global field device management market size is estimated to reach USD 1.97 billion, by 2025 and … The region is expected to see a huge adoption of services among small and medium-sized enterprises. About Us:Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Key influencing factors focus on the IoT middleware of market opportunities over the forecast years. Key Market Trends Manufacturing Expected to Have the High Potential Growth Industry 4.0 and the Internet of Things (IoT) are at the center of … Major Points from Table of Contents:Chapter 1    IntroductionChapter 2    Research Methodology Chapter 3    Market OutlookChapter 4    Global IoT Middleware Market Overview, By PlatformChapter 5    Global IoT Middleware Market Overview, By Organization SizeChapter 6    Global IoT Middleware Market Overview, By VerticalChapter 7    Global IoT Middleware Market Overview, By RegionChapter 8    Company ProfilesChapter 9    Conclusion, Access research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html. The future and existing IoT middleware market progress are outlined to know the market attractiveness. Also, a significant consideration while aiming for the manufacturing industry is the promotion of flexibility through open architectures that support customization and streamlined software upgrades across multiple devices. Another significant driver is the prevalence of an environment of increasing input, labor cost, and competition from the large global manufacturers, which is expected to attract investment in technologies such as IoT to remain competitive and maintain the operating margins. IoT middleware handles the format, structure, and encoding of the information that is being exchanged between different devices, sensors, and layers. IoT Middleware can implement IoT-based virtual manufacturing applications as well as IoT-based factory automation, which is encouraging manufacturers to deploy IoT devices in key manufacturing establishments. Cities are the core centres of our society, where about 60% of the world's population lives. The market for IoT middleware was valued at USD 7.71billion in 2019, and it is expected to reach a value of USD 22.36 billion by 2025, registering a CAGR of 19.72% over the forecast period, 2020 - 2025. The role of IoT has been significant particular for manufacturing companies that have adopted automated solutions. BESTSELLER Internet of Things (IoT) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) The Internet of Things (IoT) Market is segmented by Type (Hardware, Software/Platform, Connectivity, Services), Industry Vertical (Manufacturing, Transportation, Healthcare, Retail, Energy and Utilities, Residential), and Geography. Innovations by companies are also helping shape the competitive landscape. Internet of Things (IoT) middleware can be classified as software that serves as an interface between components of the IoT, making communication possible among elements that would not otherwise be capable of interface in integrated technologies. Transportation / Mobility is the second largest IoT application area in 2020. The IoT middleware market has solid competition amongst the already well-known and new market players. Furthermore, the report provides insights into the latest IoT industry trends and analyzes technologies that are being deployed by key players at the global level. The United States is on the verge of the fourth industrial revolution. Also, it is projected to gather a CAGR of above 19% over the forecast years 2020-2025. The US and Canada are the early adopters of technologies, such as Big Data, IoT, and mobility, and it creates significant growth opportunities for the IoT middleware market. © 2021 GlobeNewswire, Inc. All Rights Reserved. Industry 4.0 and the Internet of Things (IoT) are at the center of new technological approaches, development, and production. Browse the full report with Table of Contents and List of Figures at https://www.adroitmarketresearch.com/industry-reports/iot-middleware-market. The IoT devices market will be worth $248 billion by the end of 2020. IoT middleware enables four essential elements of manufacturing - Products, People, Processes, and Infrastructure to work seamlessly. The market is segmented based on platform, organization size, vertical, and regions. 6. The North America region is expected to hold the highest market share during the forecast years owing to the presence of key industry players in the market. Which sectors will see an IoT explosion in 2020, according to experts? The IoT market report highlights the leading regions across the world to offer a better understanding of the user. Aiding this trend is the formation of the "Advanced Manufacturing Partnership (AMP) 2.0," an initiative undertaken to make the industry, universities. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. The global market for Internet of things (IoT) end-user solutions is expected to grow to 212 billion U.S. dollars in size by the end of 2019. The cybersecurity market was valued at USD 156.24 billion in 2020, and it is expected to reach USD 352.25 billion by 2026, registering a CAGR of 14.5% during 2021-2026. Industry trends. Laura Wood, Senior Press Manager Dallas, Texas, Dec. 28, 2020 (GLOBE NEWSWIRE) -- The “IoT Middleware Market by Platform (Device Management, Application Management, and Connectivity Management), Organization Size (Small and Medium-Sized Enterprises, and Large Enterprises), Vertical (Manufacturing, Government and Defense, Automotive and Transportation, Energy and Utilities, Healthcare, Retail, BFSI, and Others), and by Region, Global Forecast, 2018 to 2028” study provides an elaborative view of historic, present and forecasted market estimates. 4.3 Industry Attractiveness - Porter's Five Forces Analysis, 4.4 Assessment of COVID-19 Impact on the IoT Middleware Ecosystem, 5.1.1 Developments Across Open-source Platforms, 5.2.1 Complex Technologies Pertaining to the Development of IoT Middleware, 5.3 Analysis of IoT Middleware Applications, For more information about this report visit https://www.researchandmarkets.com/r/h8hm3m, ResearchAndMarkets.com Based on the platform, the market is divided into device management, application management, and connectivity management. For U.S./CAN Toll Free Call 1-800-526-8630 We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. DUBLIN--(BUSINESS WIRE)--The "IoT Middleware Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. 5. Smes are becoming increasingly flexible in incorporating new technologies with their existing systems, large., iot market trends about 60 % of the global IoT middleware of market over... Set the industry benchmark for connected cars when it launched the Model s 2012! For physical layer communication, without exposing anything to the adjacent layers and large.! Number of machines to machine connections and the field devices market will be worth $ 248 billion by the of! Large enterprises value chain analysis is on the platform, organization size the market growth,... 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