IoT Middleware Market 2021 Competitive Insights - Cisco Systems Inc., IBM Corp. (Red Hat Inc.), Oracle Corporation, ClearBlade Inc

The IoT Middleware Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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.

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Top Leading Companies of IoT Middleware Market are Cisco Systems Inc., IBM Corp. (Red Hat Inc.), Oracle Corporation, ClearBlade Inc., PTC Inc., Arrayent Inc., Axiros GmbH, Davra Networks, Amazon Web Services Inc., Bosch.IO GmbH, MuleSoft LLC and others.

Industry News and Updates

- In March 2020 - Oracle Corporation led the release of Java 14, which is the result of industry-wide development involving open review, week builds, and extensive collaboration between Oracle engineers and members of the Java developer community via OpenJDK community and Java Community Process.
- In March 2020 - Kerlink, a provider of solutions dedicated to the Internet of Things (IoT), and ZENNER IoT Solutions GmbH, a LoRaWAN system integrator and solution provider in Germany, collaborated on the most massive LoRaWAN deployment in the country.

Key Market Trends

North America Holds Major Share

- 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. 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.
- The United States is on the verge of the fourth industrial revolution. Data is being used on a large scale for production while integrating it with a wide variety of manufacturing systems throughout the supply chain. 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.
- Manufacturers in the region rely on IIoT platforms for general process optimization, dashboards and visualization, and condition monitoring. SMEs are becoming increasingly flexible in incorporating new technologies with their existing systems, whereas large manufacturers have massive budgets for digitization.
- 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.

Regional Outlook of IoT Middleware Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The IoT Middleware Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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