IoT Middleware Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's IoT Middleware Global Market Report 2023 identifies rise in high-speed network connectivity as the major driver for the IoT middleware market's growth in the forecast period. High-speed internet is the internet access provided by a network of servers that transfers data via high-speed cable, satellite, and wireless connections, and as a whole, high-speed internet is much faster than analog dial-up services. The need for high-speed network connectivity is increasing due to the connectivity of devices and supporting complex functions. The rising high-speed network connectivity will require better solutions and IoT middleware that establish better connectivity between devices and enable faster functions.

The global IoT middleware market size is expected to grow from $11.95 billion in 2022 to $14.40 billion in 2023 at a compound annual growth rate (CAGR) of 20.45%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The IoT middleware market is expected to reach $28.67 billion in 2027 at a CAGR of 18.79%.

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Major competitors in the IoT middleware market are Microsoft Corporation, IBM Corp, SAP SE, Cisco Systems Inc., Google LLC, Hitachi Ltd., Oracle Corporation, General Electric Company, Schneider Electric SE

A key trend in the IoT middleware market includes technological advancement. Major companies operating in the IoT middleware market are focused on developing new technological solutions to strengthen their position. For instance, in October 2021, Kerlink, a France-based premier provider of IoT connectivity equipment, software, and services, launched its new LoRaWAN indoor gateway Wirnet iZeptoCell. It is created to help factories, smart cities, warehouses, and operators easily support connected sensors and devices of massive IoT. The new gateway will handle the number of individual endpoints connected to IoT networks, manage the increasing challenges for network coverage, and soaring amounts of the small data packages. It incorporates a fully operational design that combines hardware, software, and value-added services that are critical for the massive IoT and enhanced end-user experience. It is reliable and seamlessly supports low-power, wide-area networks (LPWAN) and LoRaWAN technology.

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The IoT middleware market is segmented -
• By Platform Type: Device Management, Application Management, Connectivity Management

• By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises

• By Vertical: Manufacturing, Government And Defense, Automotive And Transportation, Energy And Utilities, Healthcare, Retail, BFSI (Banking, Financial Services, And Insurance), Other Verticals

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the IoT middleware market.

The Business Research Company's "Global IoT Middleware Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The IoT Middleware Market Include:
1. Executive Summary
2. IoT Middleware Market Characteristics
3. IoT Middleware Market Trends And Strategies
4. IoT Middleware Market - Macro Economic Scenario
5. IoT Middleware Market Size And Growth
……
26. Africa IoT Middleware Market
27. IoT Middleware Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT Middleware Market
29. IoT Middleware Market Future Outlook and Potential Analysis
30. Appendix

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