IoT Middleware Market Size Is Expected To Reach USD 43.55 Billion By 2030


 San Francisco, 3 December 2024: The Report IoT Middleware Market Size, Share & Trends Analysis Report By Platform, By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By Industry Vertical, By Region, And Segment Forecasts, 2024 - 2030

The global IoT middleware market size to reach USD 15.64 billion by 2030 and is expected to grow at a CAGR of 14.7% from 2024 to 2030.The market is driven by the increasing adoption of IoT across various industries, including manufacturing, healthcare, and smart cities. The primary factors driving the market include the growing demand for cloud-based middleware solutions, which offer scalability and flexibility, and the increasing focus on security features within middleware to address concerns around data privacy and cyber threats. In addition, the push towards standardization in IoT technologies is leading to the development of more interoperable middleware platforms, further accelerating market expansion.

The convergence of Information Technology (IT) and Operational Technology (OT) is a key factor driving the growth of the internet of things (IoT) middleware market. As industries embrace digital transformation, there is an increasing need to link traditional operational systems with modern IT infrastructures. This integration allows organizations to harness data analytics, machine learning, and artificial intelligence to improve operational efficiency and reduce costs. IoT middleware is essential in bridging this gap by enabling seamless communication between diverse systems, thereby enhancing collaboration and data sharing across different parts of the organization.

Access Research Report of IoT Middleware Market @ https://www.grandviewresearch.com/industry-analysis/iot-middleware-market-report

In addition, the rapid adoption of cloud computing technologies is significantly influencing the growth of the IoT middleware market. Cloud platforms offer scalable resources that can accommodate the vast amounts of data generated by connected devices without requiring extensive on-premises infrastructure. This shift towards cloud-based solutions allows organizations to deploy IoT applications more efficiently while reducing capital expenditures associated with hardware investments. In addition, cloud-based IoT middleware solutions provide enhanced flexibility and accessibility, enabling businesses to manage their operations remotely and respond quickly to changing market demands. This trend is expected to further fuel the market growth in coming years.

Furthermore, advancements in high-speed network technologies such as 5G are driving the adoption of IoT middleware solutions. The increased bandwidth and reduced latency offered by these technologies enable real-time data transmission between devices, which is critical for applications requiring immediate responses, such as autonomous vehicles or smart manufacturing systems. As organizations seek to harness the full potential of IoT applications that rely on real-time connectivity, the demand for sophisticated middleware solutions capable of managing these interactions is expected to continue to rise in coming years.

Moreover, there is a heightened focus on implementing robust security measures within IoT middleware solutions to protect sensitive data and ensure secure communications between devices. This trend drives innovation in security features within middleware platforms as well as emphasizes the importance of compliance with regulatory standards governing data protection.

Recent Developments

  • In May 2024, Hitachi, Ltd. and Google LLC announced a multi-year partnership to accelerate enterprise innovation and productivity with generative AI. The partnership aims to accelerate enterprise innovation with generative AI suggests potential advancements in IoT middleware solutions that could leverage these technologies to enhance efficiency and productivity for businesses.
  • In April 2024, Microsoft Corporation and Cloud Software Group announced an eight-year strategic partnership to bring joint cloud solutions and generative AI to more than 100 million people. The partnership is expected to drive innovation in the Internet of Things (IoT) middleware market, as the integration of cloud and AI technologies will enhance the capabilities of IoT applications, enabling more efficient data management and analysis across various sectors.
  • In September 2023, InterVision Systems LLC announced a multi-year strategic collaboration agreement with Amazon Web Services, Inc. to enhance cloud adoption and modernization for its public sector and commercial clients. This partnership aims to leverage InterVision's extensive AWS competencies to deliver innovative cloud solutions, including data modernization and managed cloud services, ultimately driving agility and cost savings for customers.

Key IoT Middleware Company Insights

Some of the key players operating in the IoT middleware market include Microsoft Corporation and Amazon Web Services, Inc. among others.

  • Microsoft Corporation is a multinational technology company and provides various software solutions. Its Azure IoT platform provides a comprehensive suite of services that facilitate the development, deployment, and management of IoT applications. Microsoft leverages its extensive cloud infrastructure to offer robust IoT middleware solutions that enable seamless connectivity, data processing, and analytics for various industries.
  • Amazon Web Services, Inc., a subsidiary of Amazon.com Inc, offers a range of services designed to connect devices, collect data, and enable real-time analytics. The company emphasizes ease of use, scalability, and flexibility, allowing businesses to quickly deploy IoT solutions tailored to their specific needs. With a strong emphasis on machine learning and artificial intelligence, AWS empowers organizations to derive actionable insights from IoT data, enhancing operational efficiency and decision-making capabilities. The extensive global infrastructure of AWS. further supports its position as a leading provider of IoT middleware solutions.

Hitachi, Ltd. and SAP SE are some of the emerging market participants in the IoT middleware market.

  • Hitachi Ltd. is a global technology company and offers Hitachi Global Data Integration, a comprehensive IoT service that enables customers to collect, store, and utilize IoT data worldwide. Hitachi's IoT middleware solutions provide features such as easy device connectivity, data gathering and visualization, and solutions for social issues. The service integrates IoT platforms from various network operators and helps customers quickly create new IoT-based services.
  • SAP SE is a multinational software corporation that offers SAP IoT, a comprehensive platform that enables businesses to connect devices, collect data, and derive insights from IoT systems. SAP IoT provides features like device connectivity, data management, analytics, and integration with SAP's broader enterprise software ecosystem. The platform supports various IoT protocols, edge computing capabilities, and machine learning to help customers optimize operations, enhance decision-making, and create new business models.

Key IoT Middleware Companies:

The following are the leading companies in the IoT middleware market. These companies collectively hold the largest market share and dictate industry trends.

  • Microsoft Corporation
  • Amazon Web Services, Inc.
  • Google LLC
  • Cisco Systems, Inc.
  • Hitachi, Ltd.
  • Oracle Corporation
  • SAP SE
  • PTC Inc.
  • Bosch Global Software Technologies Pvt Ltd.
  • Software AG

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more