The North American IoT middleware market is projected to witness considerable growth during the forecast period. The region has well-developed ICT infrastructure and has witnessed a huge adoption of many connected devices. Presence of major players in North America, such as IBM Corp., Cisco Systems Inc., Oracle Corp., and Microsoft Corp., further gives a boost to the growth of the market in the region. Moreover, the high internet penetration is one of the factors that is augmenting market growth in North America. According to the ITU database in 2018, around 69.6 individuals using the internet per 100 inhabitants in North America. It encourages the adoption of connected devices in the region, which in turn, spur the growth of the market.
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The IoT middleware market is classified on the basis of platform and vertical. Based on platform, the market is segmented into device management, application management, and connectivity management. Based on vertical, the market is segregated into energy & utilities, manufacturing, automotive, retail, healthcare, and others. Manufacturing sector is one of the major end-users of IoT middleware. The IoT middleware for manufacturing market is estimated to project a considerable CAGR during the forecast period. Major applications of IoT in manufacturing further include connected factory and inventory management, which are expected to offer growth opportunity to the IoT middleware market during the forecast period.
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Geographically, the North American IoT middleware market is segmented into US and Canada. The US dominates the North American IoT middleware market in 2019 and will maintain its dominance during the forecast period. The presence of some of the key players, such as Microsoft Corp. and IBM Corp., are augmenting the sales for IoT devices in the US, which in turn, is driving the North American IoT middleware market. In addition, Canada is expected to project a considerable growth during the forecast period. This growth is backed by the rising urbanization and smart connected technologies in the country.
The North America IoT middleware market is influenced by product development and advancements conducted by the market players. Some of the key players of the IoT middleware market include Cisco Systems, Inc., Microsoft Corp., Oracle Corp., IBM Corp., SAP SE, Google LLC, Schneider Electric SE, Siemens AG, and Amazon Web Services, Inc. These players are playing a significant role in the growth of the IoT middleware market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
Market Segmentation
North America IoT Middleware Market by Platform
• Device Management
• Application Management
• Connectivity Management
North America IoT Middleware Market by Vertical
• Energy & Utilities
• Manufacturin
• Automotive
• Retail
• Healthcare
• Others (BFSI and Defense)
Regional Analysis
• United States
• Canada
Company Profiles
• Aeris Communications
• Amazon Web Services, Inc.
• Ayla Networks Inc.
• Cisco Systems, Inc.
• ClearBlade, Inc.
• General Electric Co.
• Google LLC
• Hitachi, Ltd.
• IBM Corp.
• Litmus Automation, Inc.
• Microsoft Corp.
• MuleSoft, LLC
• Oracle Corp.
• PTC Inc.
• Robert Bosch GmbH
• SAP SE
• Schneider Electric SE
• Siemens AG
• TIBCO Software Inc.
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