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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

IoT Middleware Market by Platform Type, Organization Size, Vertical, and Region - Global Forecast to 2023 - ResearchAndMarkets.com

February 21, 2019

DUBLIN--(BUSINESS WIRE)--Feb 21, 2019--The “IoT Middleware Market by Platform Type, Organization Size, Vertical , and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global IoT middleware market is expected to grow from USD 6.9 billion in 2018 to USD 19.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period.

The demand for middleware enabled IoT platform is surging, owing to an increase in the use of IoT devices in the connected world. The middleware manages the connectivity between various IoT devices and gateways with the goal of enabling the development of services. Moreover, the IoT middleware facilitates communication, data flow, device management, and the functionality of applications. Additionally, it enables applications to connect machines, devices, and people to data and control centers.

IoT platform’s functionalities cover the entire digital value chain, from sensors/actuators and hardware to connectivity, cloud, and applications. Hardware connectivity platforms are used for connecting the edge devices and processing the data outside the data center (edge computing/fog computing). They are also used to program the devices to make decisions on the fly.

The key benefits of IoT platforms are security, interoperability, scalability, and manageability. IoT software platforms include the integration of heterogeneous sensors/actuators; various communication protocols abstract all those complexities and present developers with simple Application Programming Interfaces (APIs) to communicate with any sensor over any network. Cloud service providers offer cloud-based IoT platforms to help developers build IoT solutions in their clouds. Providers of Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) have solutions for IoT developers.

The goal of IoT platforms is to simplify the development of IoT applications and services and their operations by providing a set of out-of-the-box functionalities. Rather than developing required system components from scratch for an end-to-end IoT system, developers and service providers can build upon a set of buildings blocks, significantly shortening the development cycle and time to market. As these building blocks are common and repeatable across IoT applications and services, they contribute to the economies of scale, thus reducing the overall costs required to build an IoT-enabled solution.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the IoT Middleware Market

4.2 Market in North America, By Organization Size and Country

4.3 Market By Region

4.4 Market Investment Scenario

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Integrating Operations Technology and It

5.2.1.2 Growing Need for Centralized Monitoring

5.2.1.3 Increasing Adoption of Cloud

5.2.1.4 Mandatory Compliance With Stringent Regulations

5.2.1.5 Evolution of High-Speed Network Technologies

5.2.1.6 Rising Adoption of Next-Generation Technologies

5.2.2 Restraints

5.2.2.1 Integration With Legacy Systems

5.2.2.2 Absence of Uniform IoT Standards and Lack of Interoperability

5.2.2.3 Concerns Over Data Security and Privacy

5.2.3 Opportunities

5.2.3.1 Increasing Shift Toward Outcome and Pull Economies

5.2.3.2 Rising Adoption of IoT in SMEs

5.2.4 Challenges

5.2.4.1 Dearth of Skilled Workforce

5.2.4.2 Implementation and Security Challenges

5.3 IoT Platform Functional Capabilities

5.3.1 Device Management

5.3.2 Integration

5.3.3 Data Management

5.3.4 Analytics

5.3.5 Application Enablement and Management

5.3.6 Security

5.4 Use Cases

5.4.1 Qivicon

5.4.2 Exelon

5.4.3 Centratech Systems

5.4.4 Haemonetics Corporation

5.4.5 Pima County

5.4.6 Homeexcept

5.4.7 Golden State Foods

5.4.8 Calstar

6 IoT Middleware Market By Platform Type

6.1 Introduction

6.2 Device Management

6.2.1 Need to Manage, Secure, and Track Devices in an Organization to Drive the Demand for Device Management Platforms

6.3 Application Management

6.3.1 Need for Application Management Platform to Help Manage Application Provisioning and Ensure Application-Level Security

6.4 Connectivity Management

6.4.1 Demand for A Common Platform to Manage the Entire Network of an Organization Along With Devices to Fuel the Growth of the Connectivity Management Platform

7 IoT Middleware Market By Organization Size

7.1 Introduction

7.2 Large Enterprises

7.2.1 Large Enterprises to Invest in IoT Platform and Associated Services to Cater to the Dynamic Customer Needs

7.3 Small and Medium-Sized Enterprises

7.3.1 Adaptability of SMEs for New Technology Adoption to Drive the Deployment of IoT Platforms

8 IoT Middleware Market By Vertical

8.1 Introduction

8.2 Manufacturing

8.2.1 Move Toward Industry 4.0 to Increase the Deployment of IoT Platform in the Manufacturing Vertical

8.3 Government and Defense

8.3.1 Rise in the Number of Smart Cities to Fuel the Increase in the Use of IoT Solutions

8.4 Automotive and Transportation

8.4.1 Increasing Deployment of IoT Platform in the Automotive and Transportation Vertical for Features Such as Connected Logistics, Predictive Maintenance, and Connected Fleet

8.5 Energy and Utilities

8.5.1 IoT Platform is at the Center of Smart Grids and Meters, Which are Increasingly Being Deployed to Improve the Efficiency of Energy Transmission

8.6 Healthcare

8.6.1 Implementation of Robust Applications and Connected Technologies in the Healthcare Vertical to Increase the Deployment of IoT Platforms

8.7 Retail

8.7.1 IoT Platforms Enable Large Retail Chains to Be Connected Centrally to Improve Order and Inventory Management

8.8 Banking, Financial Services, and Insurance

8.8.1 Need to Enhance User Experience and Reduce System Operational Costs Driving the Adoption of IoT Platform in Financial Institutions

8.9 Others

9 IoT Middleware Market By Region

10 Competitive Landscape

10.1 Overview

10.2 Microquadrant Overview

10.3 Competitive Scenario

11 Company Profiles

11.1 IBM

11.2 Microsoft

11.3 Amazon

11.4 SAP

11.5 PTC

11.6 Cisco

11.7 Alphabet

11.8 Hitachi

11.9 HPE

11.10 Bosch

11.11 Salesforce

11.12 Oracle

11.13 GE

11.14 Siemens

11.15 Schneider Electric

For more information about this report visit https://www.researchandmarkets.com/research/2mprxp/iot_middleware?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190221005456/en/

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Related Topics:Software,Internet of Things and M2M

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INDUSTRY KEYWORD: TECHNOLOGY INTERNET SOFTWARE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/21/2019 06:56 AM/DISC: 02/21/2019 06:56 AM

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