The US IoT middleware market is projected to witness considerable growth during the forecast period. This growth is attributed to the well-developed ICT infrastructure and the presence of a large number of IoT service providers in the country. IBM Corp., Microsoft Corp., and Oracle Corp. are some of the key market players that are headquartered in the US and generating a majority of its revenue from the US market. Moreover, the country has a high internet connection, owing to which, the demand for IoT connected devices is relatively high, offering growth to the IoT middleware market in the country. The Government of the US is supporting and regulating the growth of the IoT through its National Institute of Standards and Technology (US Department of Commerce). Therefore, with the continuous rise in the IoT connected devices market in the US, the IoT middleware market will project growth during the forecast period.
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US IoT middleware market is classified on the basis of platform and vertical. Based on the 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. The manufacturing sector is one of the major end-users of IoT middleware. The IoT middleware for the 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 opportunities to the IoT middleware market during the forecast period.
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The US IoT middleware market is influenced by product development and advancements conducted by the market players. The key players of the IoT middleware market include Cisco Systems, Inc., Microsoft Corp., Oracle Corp., IBM Corp., SAP SE, Google Inc., 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
US IoT Middleware Market by Platform
• Device Management
• Application Management
• Connectivity Management
US IoT Middleware Market by Vertical
• Energy & Utilities
• Manufacturing
• Automotive
• Retail
• Healthcare
• Others (BFSI and Defense)
Company Profiles
• Aeris Communications
• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• ClearBlade, Inc.
• General Electric Co.
• Google Inc.
• 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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