IoT Middleware Market 2022 SWOT Analysis and Key Business Strategies by Leading Players – Cisco Systems Inc., IBM Corp. (Red Hat Inc.), Oracle Corporation

Latest research on IoT Middleware Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the IoT Middleware market. This report included a special section on the Impact of COVID19. Also, IoT Middleware Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the IoT Middleware industry.

IoT Middleware Market is growing at a CAGR of 19.72% during the forecast period (2021-2026).

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The IoT Middleware market is highly competitive and consists of a number of major players. Top Companies like 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 (Salesforce Company)

Industry News And Developments:

- 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.

Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global IoT Middleware market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

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

Scope of the Report

- According to the GSM Association, the number of IoT devices is expected to grow to 25.1 billion by 2025. This robust growth is expected to be driven by the increased industry focus on deploying a connected ecosystem and the standardization of 3GPP cellular IoT technologies. According to Ericsson forecasts, it is estimated that there would be over 30 billion connected devices in use by 2022, of which around 18 billion would be used for a diverse range of IoT applications.

- With the growth in the number of devices connected to the internet, there is a greater need for seamless collaboration and connectivity between those devices, thus making IoT middleware a significant focus area for businesses.

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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 new technological approaches, development, and production. The growing acceptance of industrial 4.0 has buoyed IoT in manufacturing. The increasing number of machines to machine connections and the growing need for factory efficiency on the floor and the field. The role of IoT has been significant particular for manufacturing companies that have adopted automated solutions.

- 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.

- Another factor driving the market growth is the advantage of IoT in attaining informed manufacturing. IoT middleware enables four essential elements of manufacturing  Products, People, Processes, and Infrastructure to work seamlessly.

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.

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.

–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.

–Analytical Tools: 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, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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