loTミドルウェア市場 – 2029年までの世界予測

IoT Middleware Market - Global Forecast To 2029

loTミドルウェア市場 - 生成AIの影響、プラットフォーム (デバイス管理、アプリケーション管理、接続管理、データ管理、セキュリティ管理)、垂直 (政府と防衛、製造、BFSI) - 2029年までの世界予測
loT Middleware Market with Impact of Gen AI, by Platform (Device Management, Application Management, Connectivity Management, Data Management, and Security Management), Vertical (Government & Defense, Manufacturing, BFSI) - Global Forecast to 2029
出版社MarketsandMarkets
出版年月2024年8月
ページ数222
図表数220
価格タイプシングルユーザライセンス
価格USD 7,150
種別英文調査報告書

Report Overview

The IoT middleware market is estimated to be USD 18.5 billion in 2024 to USD 41.7 billion in 2029 at a CAGR of 17.6% from 2024 to 2029.

IoT ミドルウェア市場は、2024 年から 2029 年までの CAGR 17.6% で、2024 年に 185 億米ドル、2029 年には 417 億米ドルになると推定されています。

loTミドルウェア市場 - 2029年までの世界予測
IoT Middleware Market

The loT middleware market is driven by industrial edge computing, such as robots, motors, and other machines connected to main servers containing their data processing capabilities. The benefits of these edge devices include providing feedback to the central server by relaying operating conditions and cycle times. The pace of this pattern is believed to go higher with the emergence of 5G networks since applying fewer limitations on the speed and bandwidth will enhance connectivity and data transfer. This work indicates the promise of the convergence of the 5G and industrial edge computing to play a central part in the Industrial Internet of Things (lloT), which is expected to enhance efficiency and operations’ flexibility.

loTミドルウェア市場 - 2029年までの世界予測 12
IoT Middleware Market

“During the forecast period, the manufacturing verticle contributed the largest market share in the IoT middleware market.”

Manufacturing organizations have gradually embraced Industry 4. 0, where connected smart devices and automation work hand in hand. In this new industrial revolution, robotics was built to be controlled over the internet and linked to computers proficient in machine learning and artificial intelligence, which, in turn, allowed robots to self-teach and work smartly on restricted commands. Industry 4. 0 involves cyber-physical systems that observe factories’ operations and decide independently. These physical systems are also a part of the IoT environment and work in conjunction with humans in real time. The significance of IoT in the automation of industries, especially factories, and implementing the fourth industrial revolution is vital. This helps businesses and allows them to make better process and operation decisions.

“Asia Pacific will register the highest growth rate during the forecast period.”

The Asia Pacific region is expected to grow fastest in the IoT middleware market during the forecast period. This region already holds more than 40% of the world’s population, most of the area’s economies are at a relatively fast growth stage, and urbanization is property high. The region is particularly acclaimed for its visionary utilization of new technologies and is expected to exhibit the highest compound annual growth rate in the future. The proactive attempts made by Asia-Pacific organizations to enhance IT support are producing encouraging circumstances for deploying sophisticated technologies. The GSM Association is hopeful that 2025, the region will account for 1/3 of total IoT connections or 11 billion connections. Big players are already taking advantage of it. Litmus Automation, which expanded into Japan recently, is a perfect example; the need for advanced IoT solutions in industrial processes is growing.

loTミドルウェア市場 - 2029年までの世界予測 region
IoT Middleware Market – region

Breakdown of primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
  • By Designation: C-level –38%, D-level – 30%, and Managers – 22%
  • By Region: North America – 38%, Europe – 15%, Asia Pacific – 35%, Middle East & Africa- 7%, and Latin America- 5%.

The major players in the IoT middleware market are Microsoft(US), IBM (US), PTC (US), Cisco (US), AWS (US), SAP (Germany), Google (US), Hitachi (Japan), Oracle (US), HPE (US), Bosch (Germany), Siemens (Germany), GE (US), Schneider Electric (US), Software AG (Germany), Aeris Communication (US), Salesforce (US), Atos (France), ClearBlade(US), Davra Networks (US), Axiros (Germany), Eurotech (Italy), Litmus Automation (US), Ayla Networks (US), SumatoSoft (US), QiO Technologies (UK), Particle Industries (US) and Exosite (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their IoT middleware footprint.

loTミドルウェア市場 - 2029年までの世界予測 ecosystem
IoT Middleware Market – ecosystem

Research Coverage

The market study covers the IoT middleware market size across different segments. It aims to estimate the market size and the growth potential across various segments, including platform type, vertical, and regions. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report

The report will help market leaders and new entrants with information on the closest approximations of the global IoT middleware market’s revenue numbers and subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (blockchain enhances IoT middleware to streamline operations and reducing administrative overhead, growing need for centralized monitoring, emergence of 5G & edge computing, and increasing adoption of cloud), restraints (complex integration process of legacy systems, absence of uniform IoT standards and lack of interoperability, and concerns over data security and privacy), opportunities (increasing shift toward outcome and pull economies, and rising adoption of IoT in SMEs) and challenges (lack of skilled workforce, and implementation and security challenges) influencing the growth of the IoT middleware market.

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product and service launches in the IoT middleware market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses various regions’ IoT middleware markets.
  • Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the IoT middleware market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Microsoft(US), IBM (US), PTC (US), Cisco (US), AWS (US), SAP (Germany), Google (US), Hitachi (Japan), Oracle (US), HPE (US), Bosch (Germany), Siemens (Germany), GE (US), Schneider Electric (US), Software AG (Germany), Aeris Communication (US), Salesforce (US), Atos (France), ClearBlade(US), Davra Networks (US), Axiros (Germany), Eurotech (Italy), Litmus Automation (US), Ayla Networks (US), SumatoSoft (US), QiO Technologies (UK), Particle Industries (US) and Exosite (US).

Table of Contents

1            INTRODUCTION            24

1.1         STUDY OBJECTIVES      24

1.2         MARKET DEFINITION   24

1.3         STUDY SCOPE  25

1.3.1      MARKET SEGMENTATION         25

1.3.2      INCLUSIONS & EXCLUSIONS     26

1.3.3      YEARS CONSIDERED     26

1.4         CURRENCY CONSIDERED          26

1.5         STAKEHOLDERS            27

1.6         SUMMARY OF CHANGES            27

2            RESEARCH METHODOLOGY     29

2.1         RESEARCH DATA           29

2.1.1      SECONDARY DATA       30

2.1.1.1   Key data from secondary sources     30

2.1.2      PRIMARY DATA 30

2.1.2.1   Breakup of primary interviews         31

2.1.2.2   Key primary interview participants   31

2.1.2.3   Key insights from industry experts   31

2.2         MARKET BREAKUP AND DATA TRIANGULATION           32

2.3         MARKET SIZE ESTIMATION METHODOLOGY    33

2.3.1      TOP-DOWN APPROACH             33

2.3.1.1   Supply-side analysis           34

2.3.2      BOTTOM-UP APPROACH           34

2.4         RESEARCH ASSUMPTIONS         35

2.5         RESEARCH LIMITATIONS           36

2.6         RISK ASSESSMENT         36

3            EXECUTIVE SUMMARY 37

4            PREMIUM INSIGHTS      40

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN IOT MIDDLEWARE MARKET            40

4.2         NORTH AMERICA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE AND COUNTRY 41

4.3         ASIA PACIFIC: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE AND COUNTRY         41

5            MARKET OVERVIEW AND INDUSTRY TRENDS   42

5.1         INTRODUCTION            42

5.2         MARKET DYNAMICS     42

5.2.1      DRIVERS            43

5.2.1.1   Increasing focus on blockchain-enabled IoT  43

5.2.1.2   Emergence of 5G & edge computing 43

5.2.1.3   Growing need for centralized monitoring       43

5.2.1.4   Increasing adoption of cloud            43

5.2.2      RESTRAINTS     44

5.2.2.1   Integration complexity with legacy systems    44

5.2.2.2   Absence of uniform IoT standards and lack of interoperability   44

5.2.2.3   Concerns over data security and privacy        44

5.2.3      OPPORTUNITIES           45

5.2.3.1   Increasing shift toward outcome and pull economies    45

5.2.3.2   Rising adoption of IoT in SMEs       45

5.2.4      CHALLENGES   45

5.2.4.1   Lack of skilled workforce   45

5.2.4.2   Implementation and security challenges         45

5.3         EVOLUTION OF IOT MIDDLEWARE       46

5.4         ECOSYSTEM ANALYSIS 47

5.5         CASE STUDY ANALYSIS 48

5.5.1      CASE STUDY 1: LUFTHANSA TECHNIK USES ENTERPRISE PLM TO SUSTAIN AVIATION EXCELLENCE          48

5.5.2      CASE STUDY 2: NESTLE SCALES TO 2.8 MILLION CONNECTED DEVICES WITH AWS IOT 49

5.5.3      CASE STUDY 3: ENSURING SUSTAINABLE WATER UTILITY SERVICES IN JAPAN WITH HITACHI’S ADVANCED SOLUTIONS           50

5.5.4      CASE STUDY 4: ORACLE CLOUD HELPS TITAN INTERNATIONAL TRANSFORM INTO SMART CONNECTED MANUFACTURER        51

5.6         VALUE CHAIN ANALYSIS            51

5.7         REGULATORY LANDSCAPE       52

5.7.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          53

5.7.1.1   International Telecommunication Union (ITU)           53

5.7.1.2   Internet of Things Consortium (IoTC)          53

5.7.1.3   North America     56

5.7.1.4   Europe  56

5.7.1.5   Asia Pacific          57

5.7.1.6   Middle East & Africa          57

5.7.1.7   Latin America      57

5.8         PATENT ANALYSIS        58

5.8.1      METHODOLOGY           58

5.8.2      LIST OF MAJOR PATENTS          59

5.9         TECHNOLOGY ANALYSIS           61

5.9.1      KEY TECHNOLOGIES    61

5.9.1.1   5G         61

5.9.1.2   Wi-Fi     61

5.9.1.3   Communication protocols  61

5.9.2      COMPLEMENTARY TECHNOLOGIES     62

5.9.2.1   Edge computing   62

5.9.2.2   Artificial intelligence (AI) and machine learning (ML) 62

5.9.2.3   Blockchain           62

5.9.3      ADJACENT TECHNOLOGIES      62

5.9.3.1   Augmented reality (AR) and virtual reality (VR)          62

5.9.3.2   Big data analytics 62

5.9.3.3   Cybersecurity solutions      62

5.10       PRICING ANALYSIS        63

5.10.1    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY IOT PLATFORM              63

5.10.2    INDICATIVE PRICING ANALYSIS, BY SUBSCRIPTION TYPE          63

5.11       PORTER’S FIVE FORCES MODEL             64

5.11.1    THREAT OF NEW ENTRANTS    65

5.11.2    THREAT OF SUBSTITUTES         65

5.11.3    BARGAINING POWER OF BUYERS           66

5.11.4    BARGAINING POWER OF SUPPLIERS     66

5.11.5    INTENSITY OF COMPETITIVE RIVALRY 66

5.12       TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       66

5.13       KEY STAKEHOLDERS AND BUYING CRITERIA    67

5.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         67

5.13.2    BUYING CRITERIA         68

5.14       CURRENT AND EMERGING BUSINESS MODELS 69

5.14.1    CURRENT BUSINESS MODELS   69

5.14.2    EMERGING BUSINESS MODELS 69

5.15       KEY CONFERENCES AND EVENTS, 2024–2025     70

5.16       TECHNOLOGY ROADMAP FOR IOT MIDDLEWARE MARKET      71

5.16.1    IOT MIDDLEWARE TECHNOLOGY ROADMAP TILL 2030 71

5.16.1.1 Short-term roadmap (2023–2025)   71

5.16.1.2 Mid-term roadmap (2026–2028)     71

5.16.1.3 Long-term roadmap (2028–2030)   71

5.17       BEST PRACTICES IN IOT MIDDLEWARE MARKET           72

5.18       TOOLS, FRAMEWORKS, AND TECHNIQUES USED IN IOT MIDDLEWARE SOLUTIONS      72

5.19       INVESTMENT AND FUNDING SCENARIO            73

5.20       IMPACT OF GENERATIVE AI ON IOT MIDDLEWARE MARKET    73

5.20.1    INTEGRATING GENERATIVE AI IN IOT MIDDLEWARE   73

5.20.2    USE CASES OF GENERATIVE AI IN IOT MIDDLEWARE    74

5.20.3    BEST PRACTICES TO LEVERAGE GENERATIVE AI FOR IOT MIDDLEWARE  74

5.20.4    TRENDS OF GENERATIVE AI IN IOT MIDDLEWARE        75

5.20.5    FUTURE OF GENERATIVE AI IN IOT MIDDLEWARE        75

6            IOT MIDDLEWARE MARKET, BY PLATFORM TYPE          76

6.1         INTRODUCTION            77

6.1.1      PLATFORM TYPE: IOT MIDDLEWARE MARKET DRIVERS            77

6.2         DEVICE MANAGEMENT 78

6.2.1     HELPS ORGANIZATIONS IN EFFECTIVELY MANAGING AND TRACKING, AND SECURING DEVICES           78

6.3         APPLICATION MANAGEMENT  79

6.3.1      PLATFORM ADDRESSES NEEDS SUCH AS INTELLIGENT PRODUCT ENHANCEMENTS, LOWER COSTS, RESOURCE OPTIMIZATION, AND REDUCED WASTAGE         79

6.4         DATA MANAGEMENT   80

6.4.1      HELPS ANALYZE DATA WITH MACHINE LEARNING AND ALGEBRAICAL CALCULATIONS             80

6.5         CONNECTIVITY MANAGEMENT             81

6.5.1      PROVIDES CENTRALIZED MONITORING, HELPING ORGANIZATIONS TO MANAGE VARIOUS PROCESSES OPTIMALLY             81

6.6         SECURITY MANAGEMENT         82

6.6.1      SECURES IOT ECOSYSTEM AGAINST CYBER THREATS  82

7            IOT MIDDLEWARE MARKET, BY VERTICAL        84

7.1         INTRODUCTION            85

7.1.1      VERTICAL: IOT MIDDLEWARE MARKET DRIVERS           85

7.2         MANUFACTURING        87

7.2.1      IOT HELPS IN FACTORY AUTOMATION, INDUSTRY 4.0 AND HELPS ORGANIZATIONS STREAMLINE BUSINESS PROCESSES AND OPTIMIZE OPERATIONS    87

7.2.2      MANUFACTURING: USE CASES 87

7.3         GOVERNMENT & DEFENSE        88

7.3.1      OPPORTUNITIES TO CREATE SMART CITIES, IMPROVE CITY PLANNING, AND CONTROL WATER AND WASTE MANAGEMENT           88

7.3.2      GOVERNMENT & DEFENSE: USE CASES 88

7.4         TRANSPORTATION & LOGISTICS           89

7.4.1      IOT PLATFORMS HELP AUTOMOTIVE INDUSTRY IMPROVE OPERATIONAL EFFICIENCY, REDUCING DOWNTIME AND LOWERING COSTS              89

7.4.2      TRANSPORTATION & LOGISTICS: USE CASES    89

7.5         ENERGY & UTILITIES    90

7.5.1      IMPLEMENTATION OF IOT SOLUTIONS ACROSS ORGANIZATIONAL PROCESSES OPTIMIZES SUPPLY CHAIN, ENHANCES ASSET MONITORING & MAINTENANCE, AND INCREASES POTENTIAL RETURN ON IOT INVESTMENTS              90

7.5.2      ENERGY & UTILITIES: USE CASES           91

7.6         HEALTHCARE  92

7.6.1      IOT IN HEALTHCARE HAS WIDENED DUE TO RISING ADOPTION OF WIRELESS DEVICES       92

7.6.2      HEALTHCARE: USE CASES         92

7.7         RETAIL 93

7.7.1      IOT PLATFORMS ENABLE RETAIL CHAINS TO BE CONNECTED CENTRALLY TO IMPROVE ORDER AND INVENTORY MANAGEMENT     93

7.7.2      RETAIL: USE CASES       93

7.8         BANKING, FINANCIAL SERVICES, AND INSURANCE        94

7.8.1      IOT TECHNOLOGIES ENHANCE USER EXPERIENCE, REDUCE OPERATIONAL COSTS, AND OFFER PERSONALIZED SERVICES  94

7.8.2      BANKING, FINANCIAL SERVICES, AND INSURANCE: USE CASES 95

7.9         OTHER VERTICALS       96

8            IOT MIDDLEWARE MARKET, BY REGION            97

8.1         INTRODUCTION            98

8.2         NORTH AMERICA          99

8.2.1      MACROECONOMIC OUTLOOK FOR NORTH AMERICA   99

8.2.2      US         103

8.2.2.1   Presence of major IoT solution providers in US to drive market 103

8.2.3      CANADA            104

8.2.3.1   Rising investment in smart city initiatives to promote adoption of IoT technologies in Canada            104

8.3         EUROPE             105

8.3.1      MACROECONOMIC OUTLOOK FOR EUROPE     105

8.3.2      UK         108

8.3.2.1   Government funding for R&D to drive market in UK   108

8.3.3      GERMANY         110

8.3.3.1   Manufacturing industry has been pivotal in driving growth of German market              110

8.3.4      FRANCE             111

8.3.4.1   Rising investment in smart grids and cities to drive French market          111

8.3.5      ITALY   112

8.3.5.1   Italy progressing in IoT applications, especially in smart city and energy management projects         112

8.3.6      SPAIN   114

8.3.6.1   Adoption of IoT middleware across various sectors to drive market in Spain              114

8.3.7      NORDIC COUNTRIES    114

8.3.7.1   Growing focus on smart and sustainable IoT middleware to drive market in Nordic countries              114

8.3.8      REST OF EUROPE           115

8.4         ASIA PACIFIC    115

8.4.1      MACROECONOMIC OUTLOOK FOR ASIA PACIFIC          115

8.4.2      CHINA  119

8.4.2.1   Development of IoT with advanced Internet infrastructure and innovative applications to drive market growth in China 119

8.4.3      JAPAN  121

8.4.3.1   Japan’s cost-effective IoT platforms in cloud allow smaller companies to grow their operations with improved connectivity options            121

8.4.4      INDIA   121

8.4.4.1   Growing e-commerce industry in India to drive market              121

8.4.5      AUSTRALIA & NEW ZEALAND   123

8.4.5.1   Deployment of 5G and adoption of AI, cloud, and big data to drive market growth in ANZ  123

8.4.6      SOUTH KOREA 123

8.4.6.1   Rising 5G adoption to allow IoT applications to flourish with increased data usage and improved effectiveness 123

8.4.7      REST OF ASIA PACIFIC  124

8.5         MIDDLE EAST & AFRICA             124

8.5.1      MACROECONOMIC OUTLOOK FOR MIDDLE EAST & AFRICA     124

8.5.2      GCC COUNTRIES           127

8.5.2.1   UAE      128

8.5.2.1.1 Increasing need for industrial internet penetration to boost UAE market 128

8.5.2.2   KSA       128

8.5.2.2.1 Innovative projects such as Saudi Arabia’s Vision 2030 to drive Kingdom’s IoT market   128

8.5.2.3   Rest of GCC countries       130

8.5.3      SOUTH AFRICA 130

8.5.3.1   Popularity of mobile application-based IoT middleware solutions to drive market              130

8.5.4      REST OF MIDDLE EAST & AFRICA           131

8.6         LATIN AMERICA             131

8.6.1      MACROECONOMIC OUTLOOK FOR LATIN AMERICA     131

8.6.2      BRAZIL 134

8.6.2.1   Government initiatives to develop and accelerate the adoption of IoT in Brazil              134

8.6.3      MEXICO             135

8.6.3.1   Popularity of mobile application-based IoT middleware solutions to drive market in Mexico            135

8.6.4      REST OF LATIN AMERICA          136

9            COMPETITIVE LANDSCAPE       137

9.1         INTRODUCTION            137

9.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023 137

9.2.1      OVERVIEW OF STRATEGIES ADOPTED BY KEY IOT MIDDLEWARE MARKET VENDORS       137

9.3         REVENUE ANALYSIS      138

9.4         MARKET SHARE ANALYSIS         139

9.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   140

9.5.1      STARS  140

9.5.2      EMERGING LEADERS    140

9.5.3      PERVASIVE PLAYERS     140

9.5.4      PARTICIPANTS 140

9.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023      142

9.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          146

9.6.1      PROGRESSIVE COMPANIES       146

9.6.2      RESPONSIVE COMPANIES          146

9.6.3      DYNAMIC COMPANIES 146

9.6.4      STARTING BLOCKS       146

9.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES        148

9.7         COMPETITIVE SCENARIO AND TRENDS             150

9.7.1      PRODUCT LAUNCHES  150

9.7.2      DEALS  151

9.8         BRAND/PRODUCT COMPARISON          154

9.9         COMPANY VALUATION AND FINANCIAL METRICS        154

10          COMPANY PROFILES    156

10.1       KEY PLAYERS   156

10.1.1    MICROSOFT      156

10.1.1.1 Business overview 156

10.1.1.2 Products/Solutions/Services offered 157

10.1.1.3 Recent developments         158

10.1.1.4 MnM view           159

10.1.1.4.1            Right to win         159

10.1.1.4.2            Strategic choices  160

10.1.1.4.3            Weaknesses and competitive threats 160

10.1.2    IBM       161

10.1.2.1 Business overview 161

10.1.2.2 Products/Solutions/Services offered 162

10.1.2.3 Recent developments         163

10.1.2.4 MnM view           164

10.1.2.4.1            Key strengths       164

10.1.2.4.2            Strategic choices  164

10.1.2.4.3            Weaknesses and competitive threats 164

10.1.3    CISCO   165

10.1.3.1 Business overview 165

10.1.3.2 Products/Solutions/Services offered 166

10.1.3.3 Recent developments         168

10.1.3.4 MnM view           169

10.1.3.4.1            Right to win         169

10.1.3.4.2            Strategic choices  169

10.1.3.4.3            Weaknesses and competitive threats 169

10.1.4    AMAZON WEB SERVICES            170

10.1.4.1 Business overview 170

10.1.4.2 Products/Solutions/Services offered 171

10.1.4.3 Recent developments         173

10.1.4.4 MnM view           174

10.1.4.4.1            Right to win         174

10.1.4.4.2            Strategic choices  174

10.1.4.4.3            Weaknesses and competitive threats 174

10.1.5    PTC      175

10.1.5.1 Business overview 175

10.1.5.2 Products/Solutions/Services offered 176

10.1.5.3 Recent developments         177

10.1.5.4 MnM view           177

10.1.5.4.1            Right to win         177

10.1.5.4.2            Strategic choices  177

10.1.5.4.3            Weaknesses and competitive threats 178

10.1.6    SAP       179

10.1.6.1 Business overview 179

10.1.6.2 Products/Solutions/Services offered 180

10.1.6.3 Recent developments         181

10.1.7    HITACHI            182

10.1.7.1 Business overview 182

10.1.7.2 Platforms/Solutions/Services offered            183

10.1.7.3 Recent developments         184

10.1.8    ORACLE             185

10.1.8.1 Business overview 185

10.1.8.2 Products/Solutions/Services offered 186

10.1.8.3 Recent developments         187

10.1.9    GOOGLE           188

10.1.9.1 Business overview 188

10.1.9.2 Products/Solutions/Services offered 189

10.1.9.3 Recent developments         189

10.1.10  BOSCH 190

10.1.10.1             Business overview 190

10.1.10.2             Products/Solutions/Services offered 191

10.1.10.3             Recent developments         192

10.1.11  HPE      193

10.1.12  SIEMENS            194

10.1.13  GE         195

10.1.14  SCHNEIDER ELECTRIC 195

10.1.15  SOFTWARE AG 196

10.1.16  AERIS COMMUNICATIONS         197

10.1.17  SALESFORCE    197

10.1.18  ATOS    198

10.2       STARTUPS/SMES           199

10.2.1    CLEARBLADE   199

10.2.2    DAVRA NETWORKS       199

10.2.3    AXIROS 200

10.2.4    EUROTECH       200

10.2.5    LITMUS AUTOMATION 201

10.2.6    AYLA NETWORKS          201

10.2.7    SUMATOSOFT  202

10.2.8    QIO TECHNOLOGIES    202

10.2.9    EXOSITE            203

10.2.10  PARTICLE INDUSTRIES, INC.     203

11          ADJACENT/RELATED MARKETS             204

11.1       INTRODUCTION            204

11.2       IOT MARKET – GLOBAL FORECAST TO 2026      204

11.2.1    MARKET DEFINITION   204

11.2.2    MARKET OVERVIEW     204

11.2.2.1 IoT market, by component 205

11.2.2.2 IoT market, by organization size      205

11.2.2.3 IoT market, by focus area  206

11.2.2.4 IoT market, by region        207

11.3       IOT IN MANUFACTURING MARKET – GLOBAL FORECAST TO 2026              208

11.3.1    MARKET DEFINITION   208

11.3.2    MARKET OVERVIEW     208

11.3.2.1 IoT in manufacturing market, by component 208

11.3.2.2 IoT in manufacturing market, by solution      209

11.3.2.3 IoT in manufacturing market, by service        210

11.3.2.4 IoT in manufacturing market, by deployment mode     210

11.3.2.5 IoT in manufacturing market, by organization size       211

11.3.2.6 IoT in manufacturing market, by application 212

11.3.2.7 IoT in manufacturing market, by vertical       213

11.3.2.8 IoT in manufacturing market, by region         213

12          APPENDIX         215

12.1       DISCUSSION GUIDE      215

12.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             218

12.3       CUSTOMIZATION OPTIONS      220

12.4       RELATED REPORTS       220

12.5       AUTHOR DETAILS         221

LIST OF TABLES

TABLE 1             USD EXCHANGE RATES, 2021–2023         27

TABLE 2             KEY PRIMARY INTERVIEW PARTICIPANTS         31

TABLE 3             RESEARCH ASSUMPTIONS         35

TABLE 4             RISK ASSESSMENT         36

TABLE 5             IOT MIDDLEWARE MARKET: ECOSYSTEM          47

TABLE 6             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 53

TABLE 7             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 54

TABLE 8             ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 55

TABLE 9             REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 55

TABLE 10           AVERAGE SELLING PRICE OF KEY PLAYERS FOR IOT PLATFORMS (USD)       63

TABLE 11           INDICATIVE PRICING ANALYSIS OF IOT, BY SUBSCRIPTION TYPE (USD)       64

TABLE 12           IMPACT OF EACH FORCE ON IOT MIDDLEWARE MARKET              64

TABLE 13           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS             67

TABLE 14           KEY BUYING CRITERIA FOR TOP THREE VERTICALS     68

TABLE 15           IOT MIDDLEWARE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2024–2025             70

TABLE 16           IOT MIDDLEWARE MARKET, BY PLATFORM TYPE, 2019–2023 (USD MILLION) 78

TABLE 17           IOT MIDDLEWARE MARKET, BY PLATFORM TYPE, 2024–2029 (USD MILLION) 78

TABLE 18           DEVICE MANAGEMENT: IOT MIDDLEWARE MARKET, BY REGION,

2019–2023 (USD MILLION)          79

TABLE 19           DEVICE MANAGEMENT: IOT MIDDLEWARE MARKET, BY REGION,

2024–2029 (USD MILLION)          79

TABLE 20           APPLICATION MANAGEMENT: IOT MIDDLEWARE MARKET, BY REGION,

2019–2023 (USD MILLION)          80

TABLE 21           APPLICATION MANAGEMENT: IOT MIDDLEWARE MARKET, BY REGION,

2024–2029 (USD MILLION)          80

TABLE 22           DATA MANAGEMENT: IOT MIDDLEWARE MARKET, BY REGION,

2019–2023 (USD MILLION)          81

TABLE 23           DATA MANAGEMENT: IOT MIDDLEWARE MARKET, BY REGION,

2024–2029 (USD MILLION)          81

TABLE 24           CONNECTIVITY MANAGEMENT: IOT MIDDLEWARE MARKET, BY REGION,

2019–2023 (USD MILLION)          82

TABLE 25           CONNECTIVITY MANAGEMENT: IOT MIDDLEWARE MARKET, BY REGION,

2024–2029 (USD MILLION)          82

TABLE 26           SECURITY MANAGEMENT: IOT MIDDLEWARE MARKET, BY REGION,

2019–2023 (USD MILLION)          83

TABLE 27           SECURITY MANAGEMENT: IOT MIDDLEWARE MARKET, BY REGION,

2024–2029 (USD MILLION)          83

TABLE 28           IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2023 (USD MILLION)          86

TABLE 29           IOT MIDDLEWARE MARKET, BY VERTICAL, 2024–2029 (USD MILLION)          86

TABLE 30           MANUFACTURING: IOT MIDDLEWARE MARKET, BY REGION,

2019–2023 (USD MILLION)          87

TABLE 31           MANUFACTURING: IOT MIDDLEWARE MARKET, BY REGION,

2024–2029 (USD MILLION)          88

TABLE 32           GOVERNMENT & DEFENSE: IOT MIDDLEWARE MARKET, BY REGION,

2019–2023 (USD MILLION)          88

TABLE 33           GOVERNMENT & DEFENSE: IOT MIDDLEWARE MARKET, BY REGION,

2024–2029 (USD MILLION)          89

TABLE 34           TRANSPORTATION & LOGISTICS: IOT MIDDLEWARE MARKET, BY REGION,

2019–2023 (USD MILLION)          90

TABLE 35           TRANSPORTATION & LOGISTICS: IOT MIDDLEWARE MARKET, BY REGION,

2024–2029 (USD MILLION)          90

TABLE 36           ENERGY & UTILITIES: IOT MIDDLEWARE MARKET, BY REGION,

2019–2023 (USD MILLION)          91

TABLE 37           ENERGY & UTILITIES: IOT MIDDLEWARE MARKET, BY REGION,

2024–2029 (USD MILLION)          91

TABLE 38           HEALTHCARE: IOT MIDDLEWARE MARKET, BY REGION, 2019–2023 (USD MILLION)     92

TABLE 39           HEALTHCARE: IOT MIDDLEWARE MARKET, BY REGION, 2024–2029 (USD MILLION)     93

TABLE 40           RETAIL: IOT MIDDLEWARE MARKET, BY REGION, 2019–2023 (USD MILLION) 94

TABLE 41           RETAIL: IOT MIDDLEWARE MARKET, BY REGION, 2024–2029 (USD MILLION) 94

TABLE 42           BANKING, FINANCIAL SERVICES, AND INSURANCE: IOT MIDDLEWARE MARKET,

BY REGION, 2019–2023 (USD MILLION)  95

TABLE 43           BANKING, FINANCIAL SERVICES, AND INSURANCE: IOT MIDDLEWARE MARKET,

BY REGION, 2024–2029 (USD MILLION)  95

TABLE 44           OTHER VERTICALS: IOT MIDDLEWARE MARKET, BY REGION,

2019–2023 (USD MILLION)          96

TABLE 45           OTHER VERTICALS: IOT MIDDLEWARE MARKET, BY REGION,

2024–2029 (USD MILLION)          96

TABLE 46           IOT MIDDLEWARE MARKET, BY REGION, 2019–2023 (USD MILLION)          98

TABLE 47           IOT MIDDLEWARE MARKET, BY REGION, 2024–2029 (USD MILLION)          98

TABLE 48           NORTH AMERICA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2019–2023 (USD MILLION)          100

TABLE 49           NORTH AMERICA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2024–2029 (USD MILLION)          101

TABLE 50           NORTH AMERICA: IOT MIDDLEWARE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          101

TABLE 51           NORTH AMERICA: IOT MIDDLEWARE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          102

TABLE 52           NORTH AMERICA: IOT MIDDLEWARE MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          102

TABLE 53           NORTH AMERICA: IOT MIDDLEWARE MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          102

TABLE 54           US: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE, 2019–2023 (USD MILLION)     103

TABLE 55           US: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE, 2024–2029 (USD MILLION)     103

TABLE 56           US: IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2023 (USD MILLION)          104

TABLE 57           US: IOT MIDDLEWARE MARKET, BY VERTICAL, 2024–2029 (USD MILLION)          104

TABLE 58           EUROPE: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2019–2023 (USD MILLION)          106

TABLE 59           EUROPE: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2024–2029 (USD MILLION)          106

TABLE 60           EUROPE: IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 106

TABLE 61           EUROPE: IOT MIDDLEWARE MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 107

TABLE 62           EUROPE: IOT MIDDLEWARE MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 107

TABLE 63           EUROPE: IOT MIDDLEWARE MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 108

TABLE 64           UK: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE, 2019–2023 (UKD MILLION)     108

TABLE 65           UK: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE, 2024–2029 (UKD MILLION)     109

TABLE 66           UK: IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2023 (UKD MILLION)          109

TABLE 67           UK: IOT MIDDLEWARE MARKET, BY VERTICAL, 2024–2029 (UKD MILLION)          109

TABLE 68           GERMANY: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2019–2023 (USD MILLION)          110

TABLE 69           GERMANY: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2024–2029 (USD MILLION)          110

TABLE 70           GERMANY: IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2023 (USD MILLION)     111

TABLE 71           GERMANY: IOT MIDDLEWARE MARKET, BY VERTICAL, 2024–2029 (USD MILLION)     111

TABLE 72           ITALY: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2019–2023 (USD MILLION)          112

TABLE 73           ITALY: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2024–2029 (USD MILLION)          113

TABLE 74           ITALY: IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 113

TABLE 75           ITALY: IOT MIDDLEWARE MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 114

TABLE 76           ASIA PACIFIC: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2019–2023 (USD MILLION)          116

TABLE 77           ASIA PACIFIC: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2024–2029 (USD MILLION)          117

TABLE 78           ASIA PACIFIC: IOT MIDDLEWARE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          117

TABLE 79           ASIA PACIFIC: IOT MIDDLEWARE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          118

TABLE 80           ASIA PACIFIC: IOT MIDDLEWARE MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          118

TABLE 81           ASIA PACIFIC: IOT MIDDLEWARE MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          118

TABLE 82           CHINA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2019–2023 (USD MILLION)          119

TABLE 83           CHINA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2024–2029 (USD MILLION)          119

TABLE 84           CHINA: IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 120

TABLE 85           CHINA: IOT MIDDLEWARE MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 120

TABLE 86           INDIA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2019–2023 (USD MILLION)          121

TABLE 87           INDIA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2024–2029 (USD MILLION)          122

TABLE 88           INDIA: IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 122

TABLE 89           INDIA: IOT MIDDLEWARE MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 123

TABLE 90           MIDDLE EAST & AFRICA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2019–2023 (USD MILLION)          125

TABLE 91           MIDDLE EAST & AFRICA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2024–2029 (USD MILLION)          125

TABLE 92           MIDDLE EAST & AFRICA: IOT MIDDLEWARE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          126

TABLE 93           MIDDLE EAST & AFRICA: IOT MIDDLEWARE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          126

TABLE 94           MIDDLE EAST & AFRICA: IOT MIDDLEWARE MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          127

TABLE 95           MIDDLE EAST & AFRICA: IOT MIDDLEWARE MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          127

TABLE 96           MIDDLE EAST & AFRICA: IOT MIDDLEWARE MARKET, BY GCC COUNTRY,

2019–2023 (USD MILLION)          127

TABLE 97           MIDDLE EAST & AFRICA: IOT MIDDLEWARE MARKET, BY GCC COUNTRY,

2024–2029 (USD MILLION)          128

TABLE 98           KSA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE, 2019–2023 (USD MILLION)     129

TABLE 99           KSA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,2024–2029 (USD MILLION)     129

TABLE 100         KSA: IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 129

TABLE 101         KSA: IOT MIDDLEWARE MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 130

TABLE 102         LATIN AMERICA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2019–2023 (USD MILLION)          132

TABLE 103         LATIN AMERICA: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2024–2029 (USD MILLION)          132

TABLE 104         LATIN AMERICA: IOT MIDDLEWARE MARKET, BY VERTICAL,

2019–2023 (USD MILLION)          132

TABLE 105         LATIN AMERICA: IOT MIDDLEWARE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          133

TABLE 106         LATIN AMERICA: IOT MIDDLEWARE MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          133

TABLE 107         LATIN AMERICA: IOT MIDDLEWARE MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          133

TABLE 108         BRAZIL: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2019–2023 (USD MILLION)          134

TABLE 109         BRAZIL: IOT MIDDLEWARE MARKET, BY PLATFORM TYPE,

2024–2029 (USD MILLION)          134

TABLE 110         BRAZIL: IOT MIDDLEWARE MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 135

TABLE 111         BRAZIL: IOT MIDDLEWARE MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 135

TABLE 112         IOT MIDDLEWARE MARKET: DEGREE OF COMPETITION              139

TABLE 113         IOT MIDDLEWARE MARKET: VERTICAL FOOTPRINT     143

TABLE 114         IOT MIDDLEWARE MARKET: PLATFORM TYPE FOOTPRINT              144

TABLE 115         IOT MIDDLEWARE MARKET: REGION FOOTPRINT         145

TABLE 116         IOT MIDDLEWARE MARKET: DETAILED LIST OF KEY STARTUPS/SMES           148

TABLE 117         IOT MIDDLEWARE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES           149

TABLE 118         IOT MIDDLEWARE MARKET: PRODUCT LAUNCHES, JANUARY 2023–JULY 2024 150

TABLE 119         IOT MIDDLEWARE MARKET: DEALS, JANUARY 2023–JULY 2024              151

TABLE 120         MICROSOFT: COMPANY OVERVIEW      156

TABLE 121         MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED              157

TABLE 122         MICROSOFT: PRODUCT LAUNCHES      158

TABLE 123         MICROSOFT: DEALS      159

TABLE 124         IBM: COMPANY OVERVIEW       161

TABLE 125         IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED        162

TABLE 126         IBM: DEALS       163

TABLE 127         CISCO: COMPANY OVERVIEW   165

TABLE 128         CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED    166

TABLE 129         CISCO: PRODUCT LAUNCHES   168

TABLE 130         CISCO: DEALS  168

TABLE 131         AMAZON WEB SERVICES: COMPANY OVERVIEW             170

TABLE 132         AMAZON WEB SERVICES: PRODUCTS/SOLUTIONS/SERVICES OFFERED          171

TABLE 133         AMAZON WEB SERVICES: DEALS            173

TABLE 134         PTC: COMPANY OVERVIEW       175

TABLE 135         PTC: PRODUCTS/SOLUTIONS/SERVICES OFFERED        176

TABLE 136         PTC: DEALS      177

TABLE 137         SAP: COMPANY OVERVIEW       179

TABLE 138         SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED        180

TABLE 139         SAP: DEALS       181

TABLE 140         HITACHI: COMPANY OVERVIEW            182

TABLE 141         HITACHI: DEALS            184

TABLE 142         ORACLE: COMPANY OVERVIEW             185

TABLE 143         ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 186

TABLE 144         ORACLE: DEALS             187

TABLE 145         GOOGLE: COMPANY OVERVIEW            188

TABLE 146         GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              189

TABLE 147         GOOGLE: DEALS            189

TABLE 148         BOSCH: COMPANY OVERVIEW 190

TABLE 149         BOSCH: PRODUCTS/SOLUTIONS/SERVICES OFFERED  191

TABLE 150         BOSCH: DEALS 192

TABLE 151         IOT MARKET, BY COMPONENT, 2015–2020 (USD BILLION)              205

TABLE 152         IOT MARKET, BY COMPONENT, 2021–2026 (USD BILLION)              205

TABLE 153         IOT MARKET, BY ORGANIZATION SIZE, 2015–2020 (USD BILLION)           205

TABLE 154         IOT MARKET, BY ORGANIZATION SIZE, 2021–2026 (USD BILLION)           206

TABLE 155         IOT MARKET, BY FOCUS AREA, 2015–2020 (USD BILLION)              206

TABLE 156         IOT MARKET, BY FOCUS AREA, 2021–2026 (USD BILLION)              207

TABLE 157         IOT MARKET, BY REGION, 2015–2020 (USD BILLION)      207

TABLE 158         IOT MARKET, BY REGION, 2021–2026 (USD BILLION)      208

TABLE 159         IOT IN MANUFACTURING MARKET, BY COMPONENT, 2016–2020 (USD MILLION)     208

TABLE 160         IOT IN MANUFACTURING MARKET, BY COMPONENT 2021–2026 (USD MILLION)     209

TABLE 161         IOT IN MANUFACTURING MARKET, BY SOLUTION, 2016–2020 (USD MILLION) 209

TABLE 162         IOT IN MANUFACTURING MARKET, BY SOLUTION, 2021–2026 (USD MILLION) 209

TABLE 163         IOT IN MANUFACTURING MARKET, BY SERVICE, 2016–2020 (USD MILLION) 210

TABLE 164         IOT IN MANUFACTURING MARKET, BY SERVICE, 2021–2026 (USD MILLION) 210

TABLE 165         IOT IN MANUFACTURING MARKET, BY DEPLOYMENT MODE,

2016–2020 (USD MILLION)          211

TABLE 166         IOT IN MANUFACTURING MARKET, BY DEPLOYMENT MODE,

2021–2026 (USD MILLION)          211

TABLE 167         IOT IN MANUFACTURING MARKET, BY ORGANIZATION SIZE,

2016–2020 (USD MILLION)          211

TABLE 168         IOT IN MANUFACTURING MARKET, BY ORGANIZATION SIZE,

2021–2026 (USD MILLION)          211

TABLE 169         IOT IN MANUFACTURING MARKET, BY APPLICATION, 2016–2020 (USD MILLION)     212

TABLE 170         IOT IN MANUFACTURING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)     212

TABLE 171         IOT IN MANUFACTURING MARKET, BY VERTICAL, 2016–2020 (USD MILLION) 213

TABLE 172         IOT IN MANUFACTURING MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 213

TABLE 173         IOT IN MANUFACTURING MARKET, BY REGION, 2016–2020 (USD MILLION) 214

TABLE 174         IOT IN MANUFACTURING MARKET, BY REGION, 2021–2026 (USD MILLION) 214

LIST OF FIGURES

FIGURE 1           IOT MIDDLEWARE MARKET: RESEARCH DESIGN            29

FIGURE 2           BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION,

AND REGION    31

FIGURE 3           DATA TRIANGULATION             32

FIGURE 4           TOP-DOWN APPROACH             33

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): REVENUE OF VENDORS IN IOT MIDDLEWARE MARKET 34

FIGURE 6           BOTTOM-UP APPROACH           34

FIGURE 7           BOTTOM-UP (SUPPLY SIDE) ANALYSIS: COLLECTIVE REVENUE FROM

PLATFORMS OF IOT MIDDLEWARE MARKET    35

FIGURE 8           IOT MIDDLEWARE MARKET, 2022–2029 38

FIGURE 9           IOT MIDDLEWARE MARKET: REGIONAL SNAPSHOT      38

FIGURE 10         RAPID GROWTH OF CONNECTED DEVICES ACROSS INDUSTRIES TO DRIVE IOT MIDDLEWARE MARKET      40

FIGURE 11         DEVICE MANAGEMENT PLATFORM AND US TO ACCOUNT FOR LARGE SHARES IN NORTH AMERICAN IOT MIDDLEWARE MARKET IN 2024              41

FIGURE 12         DEVICE MANAGEMENT PLATFORM AND CHINA TO ACCOUNT FOR LARGE SHARES IN ASIA PACIFIC IOT MIDDLEWARE MARKET IN 2024              41

FIGURE 13         IOT MIDDLEWARE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES        42

FIGURE 14         EVOLUTION OF IOT MIDDLEWARE       46

FIGURE 15         IOT MIDDLEWARE MARKET: ECOSYSTEM          47

FIGURE 16         IOT MIDDLEWARE MARKET: VALUE CHAIN ANALYSIS  51

FIGURE 17         LIST OF MAJOR PATENTS FOR IOT MIDDLEWARE          58

FIGURE 18         AVERAGE SELLING PRICE TREND OF KEY PLAYERS FOR IOT PLATFORMS (USD)       63

FIGURE 19         IOT MIDDLEWARE MARKET: PORTER’S FIVE FORCES MODEL              65

FIGURE 20         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS              66

FIGURE 21         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS             67

FIGURE 22         KEY BUYING CRITERIA FOR TOP THREE VERTICALS     68

FIGURE 23         IOT MIDDLEWARE MARKET: INVESTMENT AND FUNDING SCENARIO         73

FIGURE 24         USE CASES OF GENERATIVE AI IN IOT MIDDLEWARE    74

FIGURE 25         CONNECTIVITY MANAGEMENT TO REGISTER HIGHEST CAGR DURING

FORECAST PERIOD       77

FIGURE 26         HEALTHCARE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD     85

FIGURE 27         NORTH AMERICA: IOT MIDDLEWARE MARKET SNAPSHOT              100

FIGURE 28         ASIA PACIFIC: IOT MIDDLEWARE MARKET SNAPSHOT 116

FIGURE 29         REVENUE ANALYSIS FOR KEY COMPANIES IN PAST 3 YEARS              138

FIGURE 30         SHARE OF LEADING COMPANIES IN IOT MIDDLEWARE MARKET, 2023  139

FIGURE 31         IOT MIDDLEWARE MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023     141

FIGURE 32         IOT MIDDLEWARE MARKET: COMPANY FOOTPRINT    142

FIGURE 33         IOT MIDDLEWARE MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2023             147

FIGURE 34         BRAND/PRODUCT COMPARISON          154

FIGURE 35         FINANCIAL METRICS OF KEY IOT MIDDLEWARE MARKET VENDORS          154

FIGURE 36         COMPANY VALUATION OF KEY IOT MIDDLEWARE MARKET VENDORS          155

FIGURE 37         MICROSOFT: COMPANY SNAPSHOT      157

FIGURE 38         IBM: COMPANY SNAPSHOT       162

FIGURE 39         CISCO: COMPANY SNAPSHOT   166

FIGURE 40         AMAZON WEB SERVICES: COMPANY SNAPSHOT            171

FIGURE 41         PTC: COMPANY SNAPSHOT      176

FIGURE 42         SAP: COMPANY SNAPSHOT       180

FIGURE 43         HITACHI: COMPANY SNAPSHOT            182

FIGURE 44         ORACLE: COMPANY SNAPSHOT             186

FIGURE 45         GOOGLE: COMPANY SNAPSHOT            188

FIGURE 46         BOSCH: COMPANY SNAPSHOT 191