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IoT Middleware Market by Platform Type, Organization Size, Vertical , and Region - Global Forecast to 2023

  • ID: 4750362
  • Report
  • Region: Global
  • 118 Pages
  • Markets and Markets
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The Global IoT Middleware Market is Expected to Grow from USD 6.9 Billion in 2018 to USD 19.5 Billion by 2023, at a CAGR of 23.0%

FEATURED COMPANIES

  • Alphabet
  • Bosch
  • GE
  • HPE
  • Microsoft
  • PTC
  • MORE

Global IoT middleware market size to grow at a CAGR of 23.0% during the forecast period

The global IoT middleware market is expected to grow from USD 6.9 billion in 2018 to USD 19.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period. Major growth factors for the market include integrating operations technology and IT, the growing need for centralized monitoring, increased adoption of cloud, and evolution of high network technologies. However, issues relating to integration with legacy systems, the absence of uniform IoT standards, and lack of interoperability could restrain the market growth.

Application management platform segment to grow at the highest CAGR during the forecast period

The application management platform provides a wide variety of application services, processes, and methodologies for maintaining, managing, and enhancing custom, packaged software, and network-delivered applications. The platform is designed to ease the management of various applications, including packing, deployment, and containerized Software-Defined Environment (SDE). The application management platform helps in managing application provisioning and ensuring application-level security services. Application management platforms facilitate intelligent product enhancements, dynamic response to market demands, lower costs, optimum resource use, and reduced wastage. Furthermore, the application management platform offers multiple features, such as application hosting, remote device management, data storage, monitoring, sharing, and management and advanced analytical capabilities.

Asia Pacific (APAC) to grow at the highest growth rate during the forecast period

APAC has witnessed advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. APAC is taking aggressive initiatives to leverage the IT infrastructure, enabling commercial users to adopt cutting-edge technologies. According to the GSM Association, APAC represents the single largest market for IoT services with an expected 7 billion connections by 2021. Many active IoT organizations, such as Shenzhen, Samsung, and Hitachi are from APAC. Certainly, the size of the potential market and local activity are attracting international organizations to focus on IoT initiatives in the region. For instance, in China, the IoT is profiting from both government bolster and productive associations between organizations from various sectors. The country’s rapid economic growth and development are driving the adoption of new technologies, as the urban population grows, and the middle class expands.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the IoT middleware marketplace.

The following list provides the breakup of primary respondents’ profiles:

  • By company type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
  • By designation: C level Executives: 35%, Director Level: 25%, and Others: 40%
  • By region: North America: 45%, Europe: 20%, APAC: 30%, and Rest of the World: 5%

Major vendors in the global IoT middleware market include International Business Machines Corporation (IBM), PTC Inc. (PTC), SAP SE (SAP), Oracle Corporation (Oracle), Hitachi, Ltd. (Hitachi), General Electric Company (GE), Amazon Web Services, Inc. (AWS), Cisco Systems Inc. (Cisco), Hewlett Packard Enterprise Company (HPE), Salesforce.com, Inc. (Salesforce), Bosch Group (Bosch), Microsoft Corporation (Microsoft), Siemens Group (Siemens), Alphabet Inc. (Google), and Schneider Electric Infrastructure Limited (Schneider).

Research Coverage:

The report includes an in-depth competitive analysis of the key players in the IoT middleware market, along with their company profiles, recent developments, and key market strategies. The report segments the global middleware market by platform type, organization type, vertical, and region.

Key Benefits of Buying the Report:

The report would help the market leaders/new entrants in the IoT middleware market with the information on the closest approximations of the revenue numbers for the overall IoT middleware market and subsegments. The report would also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alphabet
  • Bosch
  • GE
  • HPE
  • Microsoft
  • PTC
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Market Segmentation
1.2.2 Regions Covered
1.3 Years Considered for the Study
1.4 Currency Considered
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the IoT Middleware Market
4.2 Market in North America, By Organization Size and Country
4.3 Market By Region
4.4 Market Investment Scenario

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Integrating Operations Technology and It
5.2.1.2 Growing Need for Centralized Monitoring
5.2.1.3 Increasing Adoption of Cloud
5.2.1.4 Mandatory Compliance With Stringent Regulations
5.2.1.5 Evolution of High-Speed Network Technologies
5.2.1.6 Rising Adoption of Next-Generation Technologies
5.2.2 Restraints
5.2.2.1 Integration With Legacy Systems
5.2.2.2 Absence of Uniform IoT Standards and Lack of Interoperability
5.2.2.3 Concerns Over Data Security and Privacy
5.2.3 Opportunities
5.2.3.1 Increasing Shift Toward Outcome and Pull Economies
5.2.3.2 Rising Adoption of IoT in SMEs
5.2.4 Challenges
5.2.4.1 Dearth of Skilled Workforce
5.2.4.2 Implementation and Security Challenges
5.3 IoT Platform Functional Capabilities
5.3.1 Device Management
5.3.2 Integration
5.3.3 Data Management
5.3.4 Analytics
5.3.5 Application Enablement and Management
5.3.6 Security
5.4 Use Cases
5.4.1 Qivicon
5.4.2 Exelon
5.4.3 Centratech Systems
5.4.4 Haemonetics Corporation
5.4.5 Pima County
5.4.6 Homeexcept
5.4.7 Golden State Foods
5.4.8 Calstar

6 IoT Middleware Market By Platform Type
6.1 Introduction
6.2 Device Management
6.2.1 Need to Manage, Secure, and Track Devices in an Organization to Drive the Demand for Device Management Platforms
6.3 Application Management
6.3.1 Need for Application Management Platform to Help Manage Application Provisioning and Ensure Application-Level Security
6.4 Connectivity Management
6.4.1 Demand for A Common Platform to Manage the Entire Network of an Organization Along With Devices to Fuel the Growth of the Connectivity Management Platform

7 IoT Middleware Market By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.2.1 Large Enterprises to Invest in IoT Platform and Associated Services to Cater to the Dynamic Customer Needs
7.3 Small and Medium-Sized Enterprises
7.3.1 Adaptability of SMEs for New Technology Adoption to Drive the Deployment of IoT Platforms

8 IoT Middleware Market By Vertical
8.1 Introduction
8.2 Manufacturing
8.2.1 Move Toward Industry 4.0 to Increase the Deployment of IoT Platform in the Manufacturing Vertical
8.3 Government and Defense
8.3.1 Rise in the Number of Smart Cities to Fuel the Increase in the Use of IoT Solutions
8.4 Automotive and Transportation
8.4.1 Increasing Deployment of IoT Platform in the Automotive and Transportation Vertical for Features Such as Connected Logistics, Predictive Maintenance, and Connected Fleet
8.5 Energy and Utilities
8.5.1 IoT Platform is at the Center of Smart Grids and Meters, Which are Increasingly Being Deployed to Improve the Efficiency of Energy Transmission
8.6 Healthcare
8.6.1 Implementation of Robust Applications and Connected Technologies in the Healthcare Vertical to Increase the Deployment of IoT Platforms
8.7 Retail
8.7.1 IoT Platforms Enable Large Retail Chains to Be Connected Centrally to Improve Order and Inventory Management
8.8 Banking, Financial Services, and Insurance
8.8.1 Need to Enhance User Experience and Reduce System Operational Costs Driving the Adoption of IoT Platform in Financial Institutions
8.9 Others

9 IoT Middleware Market By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.1.1 Increasing Collaborations and Partnerships to Drive the Growth of the IoT Middleware Market in the US
9.2.2 Canada
9.2.2.1 Technological Advancement and Increasing Adoption of Smart Grids to Expand the IoT Middleware Market in Canada
9.3 Europe
9.3.1 United Kingdom
9.3.1.1 Focus on Digitalizing Various Programs Leading to Rise in IoT Platform Adoption in the UK
9.3.2 Germany
9.3.2.1 Initiatives for Industry 4.0 to Increase IoT Platform Adoption in Germany
9.3.3 France
9.3.3.1 Increased Spending on Smart Grids and Cities to Increase the Adoption of IoT Platform in France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Rapid Economic Growth and Development to Drive the Adoption of IoT Platform in China
9.4.2 Japan
9.4.2.1 Japan is Forming Different Partnerships and Collaborations, and Hosting Seminars With the Aim of Developing IoT in the Region
9.4.3 Rest of Asia Pacific
9.5 Middle East and Africa
9.5.1 Kingdom of Saudi Arabia
9.5.1.1 Strong Government Support for IoT in KSA to Drive Its Growth
9.5.2 United Arab Emirates
9.5.2.1 Various IoT Initiatives Expected to Boost the Digitization of the UAE
9.5.3 Rest of Middle East and Africa
9.6 Latin America
9.6.1 Brazil
9.6.1.1 Government IoT Initiatives to Boost the Adoption of IoT in Brazil
9.6.2 Rest of Latin America

10 Competitive Landscape
10.1 Overview
10.2 Microquadrant Overview
10.2.1 Visionary Leaders
10.2.2 Dynamic Differentiators
10.2.3 Innovators
10.2.4 Emerging Companies
10.2.5 Ranking of Key Players
10.3 Competitive Scenario
10.3.1 New Product Launches and Product Enhancements
10.3.2 Partnerships, Collaborations, and Agreements
10.3.3 Mergers and Acquisitions

11 Company Profiles
11.1 IBM
11.2 Microsoft
11.3 Amazon
11.4 SAP
11.5 PTC
11.6 Cisco
11.7 Alphabet
11.8 Hitachi
11.9 HPE
11.10 Bosch
11.11 Salesforce
11.12 Oracle
11.13 GE
11.14 Siemens
11.15 Schneider Electric

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables
Table 1 Factor Analysis
Table 2 IoT Middleware Market Size, By Platform Type, 2016-2023 (USD Million)
Table 3 Device Management: Market Size By Region, 2016-2023 (USD Million)
Table 4 Application Management: Market Size By Region, 2016-2023 (USD Million)
Table 5 Connectivity Management: Market Size By Region, 2016-2023 (USD Million)
Table 6 IoT Middleware Market Size, By Organization Size, 2016-2023 (USD Million)
Table 7 Large Enterprises: Market Size By Region, 2016-2023 (USD Million)
Table 8 Small and Medium-Sized Enterprises: Market Size By Region, 2016-2023 (USD Million)
Table 9 IoT Middleware Market Size, By Vertical, 2016-2023 (USD Million)
Table 10 Manufacturing: Market Size, By Region, 2016-2023 (USD Million)
Table 11 Government and Defense: Market Size By Region, 2016-2023 (USD Million)
Table 12 Automotive and Transportation: Market Size By Region, 2016-2023 (USD Million)
Table 13 Energy and Utilities: Market Size By Region, 2016-2023 (USD Million)
Table 14 Healthcare: Market Size By Region, 2016-2023 (USD Million)
Table 15 Retail: Market Size By Region, 2016-2023 (USD Million)
Table 16 Banking, Financial Services, and Insurance: Market Size By Region, 2016-2023 (USD Million)
Table 17 Others: Market Size By Region, 2016-2023 (USD Million)
Table 18 IoT Middleware Market Size, By Region, 2016-2023 (USD Million)
Table 19 North America: Market Size By Platform Type, 2016-2023 (USD Million)
Table 20 North America: Market Size By Organization Size, 2016-2023 (USD Million)
Table 21 North America: Market Size By Vertical, 2016-2023 (USD Million)
Table 22 North America: Market Size By Country, 2016-2023 (USD Million)
Table 23 Europe: IoT Middleware Market Size, By Platform Type, 2016-2023 (USD Million)
Table 24 Europe: Market Size By Organization Size, 2016-2023 (USD Million)
Table 25 Europe: Market Size By Vertical, 2016-2023 (USD Million)
Table 26 Europe: Market Size By Country, 2016-2023 (USD Million)
Table 27 Asia Pacific: IoT Middleware Market Size, By Platform Type, 2016-2023 (USD Million)
Table 28 Asia Pacific: Market Size By Organization Size, 2016-2023 (USD Million)
Table 29 Asia Pacific: Market Size By Vertical, 2016-2023 (USD Million)
Table 30 Asia Pacific: Market Size By Country, 2016-2023 (USD Million)
Table 31 Middle East and Africa: IoT Middleware Market Size, By Platform Type, 2016-2023 (USD Million)
Table 32 Middle East and Africa: Market Size By Organization Size, 2016-2023 (USD Million)
Table 33 Middle East and Africa: Market Size By Vertical, 2016-2023 (USD Million)
Table 34 Middle East and Africa: Market Size By Country, 2016-2023 (USD Million)
Table 35 Latin America: IoT Middleware Market Size, By Platform Type, 2016-2023 (USD Million)
Table 36 Latin America: Market Size By Organization Size, 2016-2023 (USD Million)
Table 37 Latin America: Market Size By Vertical, 2016-2023 (USD Million)
Table 38 Latin America: Market Size By Country, 2016-2023 (USD Million)
Table 39 Evaluation Criteria
Table 40 New Product Launches and Product Enhancements, 2016-2018
Table 41 Partnerships, Collaborations, and Agreements, 2017-2018
Table 42 Mergers and Acquisitions, 2016

List of Figures
Figure 1 IoT Middleware Market: Research Design
Figure 2 Market Top-Down and Bottom-Up Approaches
Figure 3 Market Top 3 Segments, 2018
Figure 4 Large Enterprises Segment to Have the Highest Market Share in 2018
Figure 5 Rising Adoption of Next-Generation Technologies to Drive the IoT Middleware Market
Figure 6 Large Enterprises and the United States to Hold the Highest Market Shares in 2018
Figure 7 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 8 North America to Emerge as the Best Market for Investments Over the Next 5 Years
Figure 9 Drivers, Restraints, Opportunities, and Challenges: IoT Middleware Market
Figure 10 Shortage of Digital Skills Hampering Business Performance
Figure 11 Device Management Segment to Dominate the Market in 2018
Figure 12 North America to Dominate the Device Management Segment in the IoT Middleware Market During the Forecast Period
Figure 13 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 14 Small and Medium-Sized Enterprises to Grow at A Higher CAGR During the Forecast Period
Figure 15 Manufacturing Vertical to Have the Largest Market Size in 2018
Figure 16 North America to Have the Largest Market Size in 2018
Figure 17 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 18 North America to Hold the Largest Market Size During the Forecast Period
Figure 19 North America: Market Snapshot
Figure 20 Device Management Segment to Hold the Largest Market Size During the Forecast Period
Figure 21 Device Management Segment to Hold the Largest Market Size During the Forecast Period
Figure 22 Asia Pacific: Market Snapshot
Figure 23 Application Management Segment to Grow at the Highest CAGR During the Forecast Period
Figure 24 Device Management Segment to Hold the Largest Market Size During the Forecast Period
Figure 25 Device Management Segment to Hold the Largest Market Size During the Forecast Period
Figure 26 IoT Middleware Market (Global), Competitive Leadership Mapping, 2018
Figure 27 Ranking of Key Players in the Market, 2018
Figure 28 Key Developments By the Leading Players in the IoT Middleware Market During 2015-2018
Figure 29 IBM: Company Snapshot
Figure 30 SWOT Analysis: IBM
Figure 31 Microsoft: Company Snapshot
Figure 32 SWOT Analysis: Microsoft
Figure 33 Amazon: Company Snapshot
Figure 34 SWOT Analysis: Amazon
Figure 35 SAP: Company Snapshot
Figure 36 SWOT Analysis: SAP
Figure 37 PTC: Company Snapshot
Figure 38 SWOT Analysis: PTC
Figure 39 Cisco: Company Snapshot
Figure 40 Alphabet: Company Snapshot
Figure 41 Hitachi: Company Snapshot
Figure 42 HPE: Company Snapshot
Figure 43 Bosch: Company Snapshot

Note: Product cover images may vary from those shown
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  • Alphabet
  • Amazon
  • Bosch
  • Cisco
  • GE
  • Hitachi
  • HPE
  • IBM
  • Microsoft
  • Oracle
  • PTC
  • Salesforce
  • SAP
  • Schneider Electric
  • Siemens
Note: Product cover images may vary from those shown
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