IoT Middleware Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The IoT Middleware Market is segmented by Platform (Application Enablement, Device Management, Connectivity Management), End-user Industry (Manufacturing, Healthcare, Energy and Utilities, Transportation and Logistics, Agriculture), and Geography.

IoT Middle Ware Market Size

IoT Middleware Market Size
Study Period: 2018 - 2028
Fastest Growing Market: North America
Largest Market: North America
CAGR: 19.72 %

Major Players

IoT Middleware Market Key Players

*Disclaimer: Major Players sorted in no particular order


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IoT Middle Ware Market Analysis

The market for IoT middleware has registered a CAGR of 19.72% over the forecast period, 2021 - 2026. The emerging applications and business models coupled with the falling device costs have been instrumental in driving IoT adoption and, consequently, the number of connected devices - connected cars, machines, meters, wearable, and consumer electronics.

  • According to the GSM Association, the number of IoT devices is expected to grow to 25.1 billion by 2025. This robust growth is expected to be driven by the increased industry focus on deploying a connected ecosystem and the standardization of 3GPP cellular IoT technologies. According to Ericsson forecasts, it is estimated that there would be over 30 billion connected devices in use by 2022, of which around 18 billion would be used for a diverse range of IoT applications.
  • With the growth in the number of devices connected to the internet, there is a greater need for seamless collaboration and connectivity between those devices, thus making IoT middleware a significant focus area for businesses.
  • Adopting an industry-agnostic application middleware plays a vital role in reducing the complexity of future changes to their IoT solutions. Further, with the growing integration of IoT into mobile devices, machinery, equipment, tablets, among other devices, the need for a platform to support and integrate such demands has become necessary.
  • Government initiatives, such as smart city projects, are expected to create demand for IoT middleware. Trends, such as connected buildings and factories and smart homes, is expected to create opportunities for the market. Moreover, the smart cities' concept has marked a great prospect with the IoT in the energy, waste, and infrastructure sectors. Several smart city projects and initiatives are ongoing, and by 2025, it is expected that there would be around 30 global smart cities, and 50% of these would be located in North America and Europe.
  • In the post-COVID-19 world, cloud-based remote and secure control over industrial IoT without the need for a highly trained workforce has become necessary. However, the need for manual work to securely operate the industrial IoT has been a persistent problem.
  • Developments on the market studied have recognized partnership and launch on a similar front. For instance, Murata partnered with VitaNet to enable IoT pairing and authentication. This led to the development of the MBN52832 Bluetooth Low Energy module for ultra-low-power connectivity for data communications in VitaNet Suite platform service consisting of middleware that runs on each gateway and IoT device together with protocol conversion support from the cloud.

IoT Middle Ware Industry Segmentation

IoT middleware is software that serves as an interface between components and sensors making communication possible among several IoT elements. Middleware is part of the architecture enabling connectivity for massive numbers of diverse things by offering a connectivity layer for sensors and for the application layer that delivers services that ensure effective communications among the software.

By Platform
Application Enablement
Device Management
Connectivity Management
By End-user Industry
Energy and Utilities
Transportation and Logistics
Other End-user Industries
North America
Latin America
Middle East & Africa

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IoT Middle Ware Market Trends

This section covers the major market trends shaping the IoT Middle Ware Market according to our research experts:

Manufacturing Expected to Have the High Potential Growth

  • Industry 4.0 and the Internet of Things (IoT) are at the center of new technological approaches, development, and production. The growing acceptance of industrial 4.0 has buoyed IoT in manufacturing. The increasing number of machines to machine connections and the growing need for factory efficiency on the floor and the field. The role of IoT has been significant particular for manufacturing companies that have adopted automated solutions.
  • IoT Middleware can implement IoT-based virtual manufacturing applications as well as IoT-based factory automation, which is encouraging manufacturers to deploy IoT devices in key manufacturing establishments.
  • Another factor driving the market growth is the advantage of IoT in attaining “informed” manufacturing. IoT middleware enables four essential elements of manufacturing – Products, People, Processes, and Infrastructure to work seamlessly.
  • Innovations by companies are also helping shape the competitive landscape. For instance, in September 2019, Hitachi Vantara released Lumada Manufacturing Insights, a suite of Industrial IoT solutions that empower the manufacturing industry to achieve transformative outcomes from data-driven insights. It uses AI and machine learning to optimize machine production.
  • Also, a significant consideration while aiming for the manufacturing industry is the promotion of flexibility through open architectures that support customization and streamlined software upgrades across multiple devices. Therefore, this segment is expected to benefit from the rapid emergence of Open-source IoT middleware developments.
IoT Middleware Market Forecast

North America Holds Major Share

  • North America is expected to be a prominent market due to the growing role of IoT among the significant revenue-generating end-user industries of the region, driven by the deployment of connected cars, smart energy projects, home automation, and focus on smart manufacturing. The US and Canada are the early adopters of technologies, such as Big Data, IoT, and mobility, and it creates significant growth opportunities for the IoT middleware market.
  • The United States is on the verge of the fourth industrial revolution. Data is being used on a large scale for production while integrating it with a wide variety of manufacturing systems throughout the supply chain. Therefore, the emergence of information technology and the increased usage of IoT across a wide range of manufacturing, industrial, and automotive applications, have added a new dimension to conducting business operations.
  • Manufacturers in the region rely on IIoT platforms for general process optimization, dashboards and visualization, and condition monitoring. SMEs are becoming increasingly flexible in incorporating new technologies with their existing systems, whereas large manufacturers have massive budgets for digitization.
  • Another significant driver is the prevalence of an environment of increasing input, labor cost, and competition from the large global manufacturers, which is expected to attract investment in technologies such as IoT to remain competitive and maintain the operating margins.
  • Aiding this trend is the formation of the “Advanced Manufacturing Partnership (AMP) 2.0,” an initiative undertaken to make the industry, universities. The federal government is investing in emerging technologies and smart manufacturing initiatives, such as the Smart Manufacturing Leadership Coalition (SMLC), to drive and facilitate the broad adoption of manufacturing intelligence.
IoT Middleware Market growth

IoT Middle Ware Industry Overview

The IoT Middleware Market is competitive as IoT is set to disrupt the traditional IT industry by providing innovative solutions to the enterprises. Players in the market are adopting major strategies like product innovation, mergers, and acquisitions to widen their product functionality and stay competitive. Some of the recent developments in the market are:

  • In March 2020 - Oracle Corporation led the release of Java 14, which is the result of industry-wide development involving open review, week builds, and extensive collaboration between Oracle engineers and members of the Java developer community via OpenJDK community and Java Community Process.
  • In March 2020 - Kerlink, a provider of solutions dedicated to the Internet of Things (IoT), and ZENNER IoT Solutions GmbH, a LoRaWAN system integrator and solution provider in Germany, collaborated on the most massive LoRaWAN deployment in the country.

IoT Middle Ware Market Leaders

  1. Cisco Systems Inc.

  2. IBM Corp. (Red Hat Inc.)

  3. Oracle Corporation

  4. ClearBlade Inc.

  5. PTC Inc.

*Disclaimer: Major Players sorted in no particular order

Cisco Systems Inc., IBM Corp. (Red Hat Inc.), Oracle Corporation, ClearBlade Inc., PTC Inc.

IoT Middle Ware Market Report - Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/ Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Assessment of COVID-19 Impact on the IoT Middleware Ecosystem


    1. 5.1 Market Drivers

      1. 5.1.1 Developments Across Open-source Platforms

      2. 5.1.2 Increasing M2M Communications)

    2. 5.2 Market Restraints

      1. 5.2.1 Complex Technologies Pertaining to the Development of IoT Middleware

    3. 5.3 Analysis of IoT Middleware Applications

      1. 5.3.1 Application Management

      2. 5.3.2 Data Management

      3. 5.3.3 Other Applications


    1. 6.1 By Platform

      1. 6.1.1 Application Enablement

      2. 6.1.2 Device Management

      3. 6.1.3 Connectivity Management

    2. 6.2 By End-user Industry

      1. 6.2.1 Manufacturing

      2. 6.2.2 Healthcare

      3. 6.2.3 Energy and Utilities

      4. 6.2.4 Transportation and Logistics

      5. 6.2.5 Agriculture

      6. 6.2.6 Other End-user Industries

    3. 6.3 Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia-Pacific

      4. 6.3.4 Latin America

      5. 6.3.5 Middle East & Africa


    1. 7.1 Company Profiles

      1. 7.1.1 Cisco Systems Inc.

      2. 7.1.2 IBM Corp. (Red Hat Inc.)

      3. 7.1.3 Oracle Corporation

      4. 7.1.4 ClearBlade Inc.

      5. 7.1.5 PTC Inc.

      6. 7.1.6 Arrayent Inc.

      7. 7.1.7 Axiros GmbH

      8. 7.1.8 Davra Networks

      9. 7.1.9 Amazon Web Services Inc.

      10. 7.1.10 Bosch.IO GmbH

      11. 7.1.11 MuleSoft LLC (Salesforce Company)

    2. *List Not Exhaustive


**Subject to Availability
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IoT Middle Ware Market Research FAQs

The IoT Middleware Market is studied from 2018 - 2028.

The IoT Middleware Market is growing at a CAGR of 19.72% over the next 5 years.

North America is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Cisco Systems Inc., IBM Corp. (Red Hat Inc.), Oracle Corporation, ClearBlade Inc., PTC Inc. are the major companies operating in IoT Middleware Market.

IoT Middleware Industry Report

Statistics for the 2023 IoT Middleware market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. IoT Middleware analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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