The IoT Middleware Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the IoT Middleware Market?
The market size of the IoT middleware has been expanding quickly in the past few years. It is projected to increase from $17.26 billion in 2024 to $20.72 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 20.0%. The historical growth trend in the IoT Middleware market, therefore, indicates a rapid expansion.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the IoT Middleware Industry?
The IoT Middleware market is predicted to expand greatly in the upcoming years. By the year 2029, the market is expected to reach a value of $39.69 billion, growing at a compound annual growth rate (CAGR) of 17.6%.
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What are the Key Growth Drivers Fueling the IoT Middleware Market?
The key drivers in the iot middleware market are:
• Evolving customer expectations fueling the demand for advanced IoT middleware
• The need for cost-efficient solutions in various industries
• Increased focus on standardization initiatives within the technology sector
• Adoption and integration of cloud-based solutions in IoT middleware
Global Market Segmentation: Identifying Major IoT Middleware Industry Segments
The IoT middleware market covered in this report is segmented –
1) By Platform Type: Device Management, Application Management, Connectivity Management
2) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
3) By Vertical: Manufacturing, Government And Defense, Automotive And Transportation, Energy And Utilities, Healthcare, Retail, BFSI (Banking, Financial Services, And Insurance), Other Verticals
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What are the Emerging Trends Shaping the Future of the IoT Middleware Market?
The key trends in the iot middleware market are:
• The increasing prevalence of remote work and connectivity is shaping the future of the IoT middleware market.
• Cost efficiency in the solutions provided is a significant emerging trend.
• Hybrid deployment models are being increasingly preferred, influencing the market's direction.
• There is a growing demand for real-time analytics and interoperability and standards.
Who Are the Top Competitors & Leading Players in the IoT Middleware Market?
Major companies in the iot middleware market are:
• 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.
• PTC Inc.
• Robert Bosch GmbH
• Siemens AG
• ABB Ltd.
• AVEVA Group PLC
• Alitzon Inc.
• Eurotech S.p.A.
• Fujitsu Ltd.
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co. Ltd.
• Intel Corporation
• Litmus Automation Inc.
• Mocana Corporation
• Nebbiolo Technologies Inc.
• Nokia Corporation
• Particle Industries Inc.
• Progress Software Corporation
• ThingWorx Inc.
• Wind River Systems Inc.
• KaaIoT Technologies LLC
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the IoT middleware market in 2024
