The middleware market is anticipated to grow at a significant CAGR of 7.1% during the forecast period (2022-2028). The global middleware market is growing due to the rising interaction between employee-consumer and increased operational efficiency across multiple devices. The increasing adoption of internet of things (IoT) devices in both enterprises and consumer space is also boosting the growth of the middleware market.
The North-American region is anticipated to hold a prominent share in the global middleware market. This is due to the increasing adoption of IoT and hybrid cloud services in this region. Banks in the US are shifting towards cloud computing to drive digital transformation and are expected to drive market growth. For instance, in February 2022, Bank of America tied up with Microsoft Cloud as part of its digital transformation for the use of the Azure cloud platform to analyze data and deliver new products to customers.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships collaborations, and new launches, to stay competitive in the market. For instance-
- In February 2022, Sonet announced the launch of its first social NFT dApp soda to bridge Web2 and Web3 which is connected to the middleware aggregator.
- In December 2021, Intel Corp. announced its launch of Intel oneAPI toolkits, its cross-architecture middleware for developers to deliver productivity and performance through a complete set of advanced tools, including libraries, compilers, analyzers, pre-optimized frameworks, and debuggers.
- In June 2021, Middleware Inc. announced the launch of the BizConnect Platform with the vision to help customers migrate data from one system to another system seamlessly and quickly.
- In December 2020, ZF Friedrichshafen AG announced the launch of their devices in series vehicles from 2024. This development is closely connected to the development of application software for mobility domains like automated driving, integrated safety, and motion control.
- In June 2020, Sigma Software and Middleware Inc. announced the signing of a partnership in which Sigma Software will use Middleware technologies – Corezoid Process Engine, Deepmemo Rules Engine, Sender.Mobi, and Control.events to work on digital transformation projects around the globe.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Microsoft, Oracle, Atos SE, TIBCO Software Inc., and Siemens AG, among others.
A full report is available at: https://orionmarketreports.com/global-middleware-market/107392/
Global Middleware Market Report by Segment
By Type
- Basic Middleware
- Integration Middleware
- Application Integration Middleware
By Application
- Retail
- Medical
- Banking
- Financial Services
- Insurance (BFSI)
- Car
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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