The US IoT middleware market is projected to grow at a considerable CAGR during the forecast period (2020-2026). In the US, the consumers for IoT connections are comparatively more than IIoT (Industrial Internet of Things) connections, as per the Congressional Research Service. However, this fact is expected to change in the future with the transformation of a range of industries into IIoT, including food and beverage, manufacturing, chemicals, automotive, and steel.
The integration of IIoT in the industrial sector is considered as the Fourth Industrial Revolution, or 4IR, as predicted by the companies and industry experts. Therefore, with the rise in the IIoT, the demand for IoT middleware will increase in the country during the forecast period.
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Moreover, the 5G is further expected to accelerate the usage of IoT and IIoT in the US, which is further estimated to propel the IoT middleware market in the country during the forecast period. The manufacturing sector is continuously rising in the country, owing to the presence of a huge consumer base and high awareness of advanced technologies, including IoT and AI-connected devices.
Along with consumer electronics, the demand for automation is continuously increasing in the country, which is propelling the growth of the IIoT in the US. Therefore, with the rise in the IIoT in the industrial sector, the demand for IoT middleware will increase in the country during the forecast period.
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment dominates the market in the base year?
- Which segment 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 segment
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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US 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.)
