The North American IoT middleware market is projected to grow at a significant CAGR during the forecast period (2020-2026). The high penetration rate of smart wearables, smartphones, and other smart devices offer a threshold to the demand for IoT middleware in the region. According to the Consumer Technology Association, in 2018, smartphone penetration had hit 87.0% of the homes in the US. The high adoption of IoT connected devices in the end-user industries that drive the economy of the region is one of the key factors driving the growth of the regional market. North America enjoys a well-established automotive industry.
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According to the International Organization of Motor Vehicle Manufacturers, in 2018, around 17.4 million units of the automobile were manufactured in the North America region and over 11 million units were produced in the US alone. The presence of a developed automotive sector along with the rising preference of customers towards connected cars is promoting the manufacturers to deploy IoT in vehicles for connecting, which in turn, is expected to drive regional growth of the market. The US & Canada are having an early mover advantage of technologies such as Big Data, IoT, and mobility which is expected to create significant growth opportunities for the IoT middleware market in the region.
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Key questions addressed by the report
· What is the market growth rate during the forecast period?
· Which segment/region dominates the market in the base year?
· Which segment/region will project the fastest growth in the market during the forecast period?
· How COVID-19 will impact the market growth in 2020 and coming years?
· Recovery Timeline
· Deviation from pre-COVID-19
· Most affected region/segment
· Recommendations
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
North America IoT Middleware Market – Segmentation
By Platform
· Device Management
· Application Management
· Connectivity Management
By Application
· Energy & Utilities
· Manufacturing
· Automotive
· Retail
· Healthcare
· Others (BFSI and Defense)
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
