Factors such as their increased adoption across verticals to improve their monitoring and asset tracking are driving the market growth. 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. 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. 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. Aviation IoT Market Current Trends and Future Demand Of With Top Business Growing Strategies, Technological Innovation and Emerging Trends of … Key influencing factors focus on the IoT middleware of market opportunities over the forecast years. Since then pretty much every car manufacturer has followed suit integrating similar IoT technologies. A favorable environment for competition has also resulted in the high technology absorption in the region. 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. 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. The increasing number of machines to machine connections and the growing need for factory efficiency on the floor and the field. Owing to such advantages, the IoT middleware market is witnessing substantial growth. We follow a code– Explore, Learn and Transform. 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. 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. … 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. The role of IoT has been significant particular for manufacturing companies that have adopted automated solutions. 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 … 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. 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. 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 Laura Wood, Senior Press Manager 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. 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 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. In fact, year on year, there appears to be a significant increase. Also, it is projected to gather a CAGR of above 19% over the forecast years 2020-2025. 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. Also, the huge growth in the number of IoT devices is further aiding the growth of the global IoT middleware market. 6. Transportation / Mobility is the second largest IoT application area in 2020. It uses AI and machine learning to optimize machine production. 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 Global Industrial Iot Platform Market size is expected to grow at an annual average of 26.3% during 2019-2025. Some of the key trends … © 2021 GlobeNewswire, Inc. All Rights Reserved. 2a. IoT middleware acts as a common standard amongst the diversity of sensors, devices, OS, and applications that encompass the IoT ecosystem architecture. The expected figure in 2025 is to reach 1,567 billion dollars. However, the market is plagued with connectivity standards and implantation issues. Direct purchase the report at https://www.adroitmarketresearch.com/researchreport/purchase/1724. 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. 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. For GMT Office Hours Call +353-1-416-8900, "IoT Middleware Market - Growth, Trends, and Forecasts (2020 - 2025)", https://www.researchandmarkets.com/r/h8hm3m. Based on the platform, the market is divided into device management, application management, and connectivity management. The future and existing IoT middleware market progress are outlined to know the market attractiveness. 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 United States is on the verge of the fourth industrial revolution. Smart City. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. If yes, then get in touch with us at https://www.adroitmarketresearch.com/contacts/discount/1724. Manufacturing Expected to Have the High Potential Growth. 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. About Us:Adroit Market Research is a global business analytics and consulting company incorporated in 2018. 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. 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. (Source: Statista) This demonstrates just how quickly the IoT market is growing. The drive for IoT operating system market largely pivots on the proliferating demand for IoT solutions in various industries. press@researchandmarkets.com Which sectors will see an IoT explosion in 2020, according to experts? The trends for IoT, BYOD, AI, and machine learning in cybersecurity are increasing. 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. DUBLIN--(BUSINESS WIRE)--The "IoT Middleware Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. Based on organization size the market is split into small and medium-sized enterprises and large enterprises. 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 Are also helping shape the competitive landscape of internet penetration which is hindering the is. As the pandemic ’ s emergence changed the way we live and.... 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