Status : Published | Published On : Sep, 2024 | Report Code : VRICT5185 | Industry : ICT & Media | Available Format : | Page : 204 |
The IoT Middleware Market is anticipated to grow from USD 16.8 billion in 2023 to USD 44.2 billion in 2030 at a CAGR of 18.60% during the forecast period from 2025 to 2030.
IoT middleware is a software that is between the hardware and applications layers in an Internet of Things (IoT) system which provides a set of services to manage the interaction and communication between different IoT platforms, devices and applications. An IoT middleware platform is a pivotal intermediary in internet of things, that organize communication between various sensors, devices and systems. IoT middleware enables developers to build reusable IoT applications which reduce cost and the time involved in creating custom solutions from graze. IoT middleware enables the development of IoT applications that can control multiple data platforms and sources that shall enhance the usefulness of the data generated by IoT devices. It also helps to ensure the scalability, reliability and security of IoT applications, enabling them to be deployed in a variety of environments. It functions as the nerve center, enabling device management, data exchange and protocol translation within an interconnected network of IoT devices. IoT middleware plays an essential role in the deployment and development of IoT applications. Without IoT middleware, it would be difficult to manage the vast amount of data generated by IoT devices, and to enable the communication and coordination of different IoT devices and systems.
Market Segmentation
Based on platform, the global IoT Middleware Market is divided into Application Enablement, Device Management and Connectivity Management. The connectivity management segment dominated the market as it provide a unified platform for managing an organization's whole network and devices that ensures the quality of communication.
Based on organization size, the global IoT Middleware Market is classified into Large Enterprises and Small and Medium-Sized Enterprises. The large enterprises segment account for the highest market revenue as IoT middleware requires huge infrastructure that shall provide huge volume of data with centralized monitoring.
The global IoT Middleware Market is segmented by end user into Manufacturing, Healthcare, Energy and Utilities, Transportation and Logistics, Agriculture, and Other End-User Industries. The manufacturing segment dominated the market as the Internet of things enables manufacturers to link machines and control systems in order to acquire a better knowledge of the production process. The government and Defense category is too expected to grow significantly during the forecast period.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 16.8 Billion |
Revenue Forecast in 2030 |
U.S.D. 44.2 Billion |
Growth Rate |
18.60% |
Segments Covered in the Report |
By Platform, By Organization Size, By End User |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Latin America, Middle East And Africa |
Industry Dynamics
Growth Drivers
The rising need for centralized monitoring and the development in the industrial sector are the major growth drivers of the Internet of Things middleware market. Also the development of smart cities is the main driver of IoT growth as IoT technologies are being used to reduce costs and improve urban efficiency to enhance the quality of life for citizens. IoT middleware provides a layer of abstraction that facilitate different IoT platforms, devices and applications to interact and communicate with each other which makes it easier to integrate disparate systems and devices enabling seamless interoperability between them. IoT sensors can adjust traffic lights to reduce congestion & pollution and monitor traffic flow. IoT sensors also optimize waste collection routes which reduce costs improving efficiency. IoT sensors can develop surveillance and emergency response, making cities safer. Furthermore IoT middleware permit the development of reusable and modular IoT applications that can be easily scaled up or down as needed which allows to manage and maintain large-scale IoT deployments where organizations adapt to changing business needs.
Restraints
The major constraint of Iot Middleware Market is the IoT connectivity between devices and products across all industries as current systems do not meet the global connectivity standards which leads to increased complexity and cost in deploying IoT platforms. This is very complicated due to long lifespan of equipment that require costly upgrades to work with latest technologies. Hence, interoperability is critical for the success of products and services that utilize IoT technology. To promote the use of standards, vendors must work together that shall drive IoT development and interoperability.
Opportunities
The integration of advanced technologies such as AI, 5G, edge computing, and blockchain is enhancing the capabilities and applications of IoT systems. With these emerging trends, the IoT market is poised for considerable growth. The market is expected to expand, as consumers and businesses continue to adopt IoT solutions which offer new opportunities for innovation and efficiency in various sectors. The future of IoT looks promising as there is potential for growth and transformation in the IoT sector. The growing adoption of IoT among Small- and Medium-sized Enterprises to achieve higher efficiency at a lower cost, both domestically and internationally is playing an important role that shall create great opportunities in this market. To meet the specific needs of clients across various industries, IoT solution providers are practicing business strategies like strategic acquisitions, to expand their service offerings in the IoT market. Improved agility & scalability, cost reduction, increased revenue along with better performance are encouraging SMEs to adopt these solutions, driving the growth of IoT adoption.
Challenges
IoT presents new risks and challenges as IoT continues to grow day by day. To make IoT services secure and accessible, organizations should overcome various challenges like managing a large number of IoT nodes that requires scalable security solutions and connecting various devices with different capabilities in a secured way. As software becomes more sophisticated and hardware becomes more advanced, new protocols, standards and connectivity options shall become more prevalent. Various types of attacks that include environmental, physical, software, cryptanalysis and cyber attacks where IoT devices are susceptible to. Furthermore, IoT platforms consists of a complex structure, with many devices connected to a network that sends data to the cloud where integrating with existing infrastructure can also make it difficult to implement IoT platforms.
Geographic Overview
• North America
• Europe
• Asia Pacific (APAC)
• Latin America
• Middle East and Africa
Geographically, the IoT Middleware Market is segmented into North America, Europe, Asia Pacific (APAC), Latin America and Middle East and Africa. The North American IoT Middleware market shall dominate this market during the forecast period as it is a market leader in IoT middleware. The growing importance of IoT across the region's critical revenue-generating end-user sectors, such as energy efficiency initiatives, automation for homes, linked autos and an emphasis on innovative manufacturing shall boost the overall market growth.
Competitive Insights
Key players adopted different strategies such as product launch, collaborations and product development. During the forecast period, the market is projected to become more competitive as many companies from various sectors are awaiting to enter the market.
IBM (International Business Machines Corporation) is a multinational technology company that is headquartered in Armonk, N.Y. Company integrates technology and expertise that provides infrastructure, software and consulting services for clients as they pursue the digital transformation of the world.
Microsoft is an American multinational corporation that develops and sells hardware, software and services. By creating technology that changes how people work, play, and communicate, company help people and businesses to reach their potential.
Key Players Covered in the Report
Some of the key players in the IoT Middleware Market are IBM, Microsoft, Amazon, SAP, Salesforce, Oracle, Siemens, Schneider Electric, AWS, PTC, Cisco, Alphabet, Hitachi, HPE, Bosch, Google, ClearBlades, TIBCO Software
Recent developments by Key Players
IBM Corporation is addressing the issue head on with a new product lineup that keeps costs low. The IBM Concert, an automation platform that helps users manage their AI applications, as well as other AI-powered automation tools focus at reducing company spending.
Siemens and Microsoft collaborated with the W3C Consortium to converge the Digital Twin Definition Language (DTDL) with the Thing Description standard from international standards organization, W3C.
The Global Middleware Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Platform
1.2.2. By Organization Size
1.2.3. By End User
1.2.4. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Platform
5.1.1. Application Enablement
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Device Management s
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.1.3. Connectivity Management
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.2. By Organization Size
5.2.1. Large Enterprises
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Small and Medium-Sized Enterprises
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.3 By End User
5.3.1. Manufacturing
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Healthcare
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Energy and Utilities
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.3.4. Transportation and Logistics
5.3.4.1. Market Definition
5.3.4.2. Market Estimation and Forecast to 2030
5.3.5. Agriculture and Other End-User Industries
5.3.5.1. Market Definition
5.3.5.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Platform
6.2. By Organization Size
6.3. By End User
6.4.1. U.S. Market Estimate and Forecast
6.4.2. Canada Market Estimate and Forecast
6.4.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Platform
7.2. By Organization Size
7.3. By End User
7.4.1. Germany Market Estimate and Forecast
7.4.2. France Market Estimate and Forecast
7.4.3. U.K. Market Estimate and Forecast
7.4.4. Italy Market Estimate and Forecast
7.4.5. Spain Market Estimate and Forecast
7.4.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Platform
8.2. By Organization Size
8.3. By End User
8.4. By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
8.4.1. China Market Estimate and Forecast
8.4.2. Japan Market Estimate and Forecast
8.4.3. India Market Estimate and Forecast
8.4.4. South Korea Market Estimate and Forecast
8.4.5. Singapore Market Estimate and Forecast
8.4.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Platform
9.2. By Organization Size
9.3. By End User
9.4. By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
9.4.1. Brazil Market Estimate and Forecast
9.4.2. Saudi Arabia Market Estimate and Forecast
9.4.3. South Africa Market Estimate and Forecast
9.4.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. IBM
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Microsoft
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Amazon
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. SAP
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Salesforce
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. Oracle
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. Siemens
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. Schneider Electric
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. AWS
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10 PTC
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
10.11. Cisco
10.11.1. Snapshot
10.11.2. Overview
10.11.3. Offerings
10.11.4. Financial Insight
10.11.5. Recent Developments
10.12. Alphabet
10.12.1. Snapshot
10.12.2. Overview
10.12.3. Offerings
10.12.4. Financial Insight
10.12.5. Recent Developments
10.13. Hitachi
10.13.1. Snapshot
10.13.2. Overview
10.13.3. Offerings
10.13.4. Financial Insight
10.13.5. Recent Developments
10.14 HPE
10.14.1. Snapshot
10.14.2. Overview
10.14.3. Offerings
10.14.4. Financial Insight
10.14.5. Recent Developments
10.15. Bosch
10.15.1. Snapshot
10.15.2. Overview
10.15.3. Offerings
10.15.4. Financial Insight
10.15.5. Recent Developments
10.16 google
10.16.1. Snapshot
10.16.2. Overview
10.16.3. Offerings
10.16.4. Financial Insight
10.16.5. Recent Developments
10.17. ClearBlade
10.17.1. Snapshot
10.17.2. Overview
10.17.3. Offerings
10.17.4. Financial Insight
10.17.5. Recent Developments
10.18. TIBCO Software
10.18.1. Snapshot
10.18.2. Overview
10.18.3. Offerings
10.18.4. Financial Insight
10.18.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Platform
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global IoT Middleware Market Size, by Platform, 2018-2023 (USD Billion)
Table 5 Global IoT Middleware Market Size, by Platform, 2025-2030 (USD Billion)
Table 6 Global IoT Middleware Market Size, by Organization Size2018-2023 (USD Billion)
Table 7 Global IoT Middleware Market Size, by Organization Size2025-2030 (USD Billion)
Table 8 Global IoT Middleware Market Size, by End-User, 2018-2023 (USD Billion)
Table 9 Global IoT Middleware Market Size, by End-User, 2025-2030 (USD Billion)
Table 10 Global IoT Middleware Market Size, by Region, 2018-2023 (USD Billion)
Table 11 Global IoT Middleware Market Size, by Region, 2025-2030 (USD Billion)
Table 12 North America IoT Middleware Market Size, by Platform, 2018-2023 (USD Billion)
Table 13 North America IoT Middleware Market Size, by Platform, 2025-2030 (USD Billion)
Table 14 North America IoT Middleware Market Size, by Organization Size2018-2023 (USD Billion)
Table 15 North America IoT Middleware Market Size, by Organization Size2025-2030 (USD Billion)
Table 16 North America IoT Middleware Market Size, by End-User, 2018-2023 (USD Billion)
Table 17 North America IoT Middleware Market Size, by End-User, 2025-2030 (USD Billion)
Table 18 North America IoT Middleware Market Size, by Country, 2018-2023 (USD Billion)
Table 19 North America IoT Middleware Market Size, by Country, 2025-2030 (USD Billion)
Table 20 Europe IoT Middleware Market Size, by Platform, 2018-2023 (USD Billion)
Table 21 Europe IoT Middleware Market Size, by Platform, 2025-2030 (USD Billion)
Table 22 Europe IoT Middleware Market Size, by Organization Size2018-2023 (USD Billion)
Table 23 Europe IoT Middleware Market Size, by Organization Size2025-2030 (USD Billion)
Table 24 Europe IoT Middleware Market Size, by End-User, 2018-2023 (USD Billion)
Table 25 Europe IoT Middleware Market Size, by End-User, 2025-2030 (USD Billion)
Table 26 Europe IoT Middleware Market Size, by Country, 2018-2023 (USD Billion)
Table 27 Europe IoT Middleware Market Size, by Country, 2025-2030 (USD Billion)
Table 28 Asia-Pacific IoT Middleware Market Size, by Platform, 2018-2023 (USD Billion)
Table 29 Asia-Pacific IoT Middleware Market Size, by Platform, 2025-2030 (USD Billion)
Table 30 Asia-Pacific IoT Middleware Market Size, by Organization Size2018-2023 (USD Billion)
Table 31 Asia-Pacific IoT Middleware Market Size, by Organization Size2025-2030 (USD Billion)
Table 32 Asia-Pacific IoT Middleware Market Size, by End-User, 2018-2023 (USD Billion)
Table 33 Asia-Pacific IoT Middleware Market Size, by End-User, 2025-2030 (USD Billion)
Table 34 Asia-Pacific IoT Middleware Market Size, by Country, 2018-2023 (USD Billion)
Table 35 Asia-Pacific IoT Middleware Market Size, by Country, 2025-2030 (USD Billion)
Table 36 RoW IoT Middleware Market Size, by Platform, 2018-2023 (USD Billion)
Table 37 RoW IoT Middleware Market Size, by Platform, 2025-2030 (USD Billion)
Table 38 RoW IoT Middleware Market Size, by Organization Size2018-2023 (USD Billion)
Table 39 RoW IoT Middleware Market Size, by Organization Size2025-2030 (USD Billion)
Table 40 RoW IoT Middleware Market Size, by End-User, 2018-2023 (USD Billion)
Table 41 RoW IoT Middleware Market Size, by End-User, 2025-2030 (USD Billion)
Table 42 RoW IoT Middleware Market Size, by Country, 2018-2023 (USD Billion)
Table 43 RoW IoT Middleware Market Size, by Country, 2025-2030 (USD Billion)
Table 44 Snapshot – IBM
Table 45 Snapshot – Microsoft
Table 46 Snapshot – Amazon
Table 47 Snapshot – SAP
Table 48 Snapshot – Salesforce
Table 49 Snapshot – Oracle
Table 50 Snapshot – Siemens
Table 51 Snapshot – Schneider Electric
Table 52 Snapshot – AWS
Table 53 Snapshot – PTC
Table 54 Snapshot – Cisco
Table 55 Snapshot – Alphabet
Table 56 Snapshot – Hitachi
Table 57 Snapshot – HPE
Table 58 Snapshot – Bosch
Table 59 Snapshot – Google
Table 60 Snapshot – ClearBlades
Table 61 Snapshot – TIBCO Software
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Platform Sizes for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global IoT Middleware Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global IoT Middleware Market Highlight
Figure 12 Global IoT Middleware Market Size, by Platform Size, 2018 – 2030 (USD Billion)
Figure 13 Global IoT Middleware Market Size, by Organization Size 2018 – 2030 (USD Billion)
Figure 14 Global IoT Middleware Market Size, by End User2018 – 2030 (USD Billion)
Figure 15 Global IoT Middleware Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 16 North America IoT Middleware Market Highlight
Figure 17 North America IoT Middleware Market Size, by Platform Size, 2018 – 2030 (USD Billion)
Figure 18 North America IoT Middleware Market Size, by Organization Size 2018–2030 (USD Billion)
Figure 19 North America IoT Middleware Market Size, by End User2018–2030 (USD Billion)
Figure 20 North America IoT Middleware Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 21 Europe IoT Middleware Market Highlight
Figure 22 Europe IoT Middleware Market Size, by Platform Size, 2018 – 2030 (USD Billion)
Figure 23 Europe IoT Middleware Market Size, by Organization Size 2018 – 2030 (USD Billion)
Figure 24 Europe IoT Middleware Market Size, by End User2018 – 2030 (USD Billion)
Figure 25 Europe IoT Middleware Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 26 Asia-Pacific IoT Middleware Market Highlight
Figure 27 Asia-Pacific IoT Middleware Market Size, by Platform Size, 2018 – 2030 (USD Billion)
Figure 28 Asia-Pacific IoT Middleware Market Size, by Organization Size 2018 – 2030 (USD Billion)
Figure 29 Asia-Pacific IoT Middleware Market Size, by End User2018 – 2030 (USD Billion)
Figure 30 Asia-Pacific IoT Middleware Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 31 RoW IoT Middleware Market Highlight
Figure 32 RoW IoT Middleware Market Size, by Platform Size, 2018 – 2030 (USD Billion)
Figure 33 RoW IoT Middleware Market Size, by Organization Size 2018 – 2030 (USD Billion)
Figure 34 RoW IoT Middleware Market Size, by End User2018 – 2030 (USD Billion)
Figure 35 RoW IoT Middleware Market Size, by Country, 2018 – 2030 (USD Billion)
Global IoT Middleware Market Coverage
By Platform Insight and Forecast 2025-2030
By Organization Size Insight and Forecast 2025-2030
By End User Insight and Forecast 2025-2030
Global IoT Middleware Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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