The document summarizes a report on the IoT middleware market. It states that the market is expected to grow from $6.9 billion in 2018 to $19.5 billion by 2023, representing a CAGR of 23%. The report segments the market by platform type, vertical, organization size, and region. Manufacturing is a key vertical moving towards Industry 4.0. Large enterprises currently dominate spending but SME adoption is growing. North America currently leads but Asia Pacific is expected to grow the fastest. The report addresses key questions about market drivers, solutions, and regional growth opportunities.

1. IoT Middleware Market worth $19.5 billion by 2023

2. Scope of The Report
By Platform Type
The research report categorizes the IoT Middleware Market
to forecast the revenues and analyse the trends in each of the following subsegments:
• Device Management
• Application Management
• Connectivity Management
By Vertical
• Manufacturing
• Government and Defense
• Automotive and Transportation
• Energy and utilities
• Healthcare
• Retail
• BFSI
• Other Verticals
And More…
By Organization Size
• Large Enterprises
• SMEs

3. Key Segments
Manufacturing organizations are moving toward Industry 4.0, wherein smart
devices and automation would work together in an entirely new way.
With the deployment of IoT ecosystems, a large number of devices are being
connected, which range from small sensors and single-purpose microcontroll
ers to powerful gateways that connect the devices to the server.
The large enterprises segment is expected to have the largest market size in
the IoT middleware market, due to their early adoption of IoT platform and hi
gh investment capabilities.
1
2
3
4
5 North America is the dominant region for IoT platform deployment and progressive in ter
ms of technology adoption. The region comprises US and Canada.
Major driving factors for the IoT middleware market are the growing need for centrali
zed monitoring, increased cloud adoption, increase in regulatory compliance, evoluti
on of high speed network technologies, and rising adoption of next-generation techn
ologies.

4. Market Growth Rate
2018 2023
Market Size of
$ 6.9 billion
Market Size of
$ 19.5 billion23.0%
CAGR

5. Key Vendors
• IBM (US)
• PTC (US)
• SAP (Germany)
• Cisco (US)
• Alphabet (US)
• And More
Major Players
View Report Here - https://www.marketsandmarkets.com/Market-Reports/i
ot-middleware-market-84839232.html

6. Major Regions
• North America
• Europe
• APAC
• MEA
• Latin America
 North America is expected to hold
the largest market share.
 Asia Pacific (APAC) is expected to pr
ovide opportunities for debt collectio
n software providers and grow at the
highest CAGR

7. • Where would all these developments take the industry in the mid to long term?
• What are the upcoming industry solutions for the IoT middleware market?
• Which are the major factors expected to drive the market?
• Which region would offer high growth for vendors in the market?
• Which solution would gain the highest market share in the market?
Key Questions Addressed by the Report:

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