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Global IoT Middleware Market: Promising Growth Foreseen with a CAGR of 17.6% by 2029

01-20-2025 12:23 PM CET | IT, New Media & Software

Press release from: The Business research company

IoT Middleware Market

IoT Middleware Market

Surge in Connected Devices and Integration Requirements Fuel Record-breaking Growth of the IoT Middleware Market

What Is The Projected Market Size Of The Global IoT Middleware Market And Its Growth Rate?
The global IoT Middleware market has been experiencing a remarkable pace of growth. The key statistics are:
•The market size rocketed from $17.26 billion in 2024 to $20.72 billion in 2025, with a stunning CAGR of 20.0%.
•Industry-specific demands, standardization efforts, and cloud computing adoption largely attribute to this historic growth.
•Continuing its positive trajectory, the IoT middleware market size is projected to soar to $39.69 billion in 2029 at a CAGR of 17.6%.
•Major growth drivers for the forecast period include evolving customer expectations, cost-efficient solutions, standardization initiatives, and cloud integration.

What Is Driving The Growth In The IoT Middleware Market?
A prominent driver propelling the IoT middleware market growth is the rise in high-speed network connectivity. Internet access supported by a network transferring data via high-speed cable, satellite, and wireless connections-known as high-speed internet-has become indispensable due to the increase in the connectivity of devices and the need for supporting complex functions. As a result, the demand for superior IoT middleware solutions to establish improved connectivity between devices and enable faster functions is escalating. For example, Ookla, a US-based web service providing free analysis of internet performance metrics, reported in January 2023 a rise of at least 28% in fixed broadband speeds and nearly 17% increase in mobile speeds between November 2021 and November 2022. This underlines the potential of climbing high-speed network connectivity to drive the IoT middleware market growth.

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Who Are the Key Players Driving IoT Middleware Market Growth?
The IoT middleware market is shaped by several major companies such as:
•Microsoft Corporation
•International Business Machines Corporation
•SAP SE
•Cisco Systems Inc.
•Google LLC
•Hitachi Ltd.
•Oracle Corporation
•General Electric Company
•Schneider Electric SE
•ClearBlade Inc., and others.

What Are The Key Trends In The IoT Middleware Market?
Key trends visible in the forecast period are:
•Remote work and connectivity
•Cost efficiency
•Hybrid deployment models
•Demand for real-time analytics
•Interoperability, and standards

What Are The Segments Of The Global IoT Middleware Market?
The IoT middleware market is segmented by:
•Platform Type: Device Management, Application Management, Connectivity Management
•Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
•Vertical: Manufacturing, Government And Defense, Automotive And Transportation, Energy And Utilities, Healthcare, Retail, BFSI (Banking, Financial Services, And Insurance), Other Verticals

Which Region Leads The IoT Middleware Market?
North America led the IoT middleware market in 2024. However, the fastest-growing region in the forecast period is anticipated to be Asia-Pacific. The report covers multiple regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The IoT Middleware Market Global Market Report?

- Market Size Analysis: Analyze the IoT Middleware Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the IoT Middleware Market for effective categorization.

- Key Player Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall IoT Middleware Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the IoT Middleware Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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