Asia-Pacific IoT middleware market is projected to witness considerable growth during the forecast period. The significance of IoT in connecting devices for establishing a connection between other devices has been positively influencing the growth of the Asia-Pacific IoT middleware market. The technological advancement in smartphones coupled with the rising smartphone users has further augmented the connectivity of objects through IoT in various places such as shopping malls, airports, and other public places. Moreover, the growing demand for IoT connectivity coupled with cohesive government initiatives for smart city projects within the emerging economies of the region is anticipated to drive the growth of the regional market.
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Asia-Pacific 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.
Geographically, the Asia-Pacific IoT middleware market is analyzed for China, Japan, India, and the Rest of Asia-Pacific. China contributed the major share in the Asia-Pacific IoT middleware market in 2019 and is expected to retain its position during the forecast period. The dominance of China in the Asia-Pacific market is mainly due to the well-established electronics industry. India is projected to exhibit a considerable CAGR in the Asia-Pacific IoT middleware market during the forecast period.
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Asia-Pacific IoT Middleware Market Segmentation
By Platform
- Device Management
- Application Management
- Connectivity Management
By Vertical
- Energy & Utilities
- Manufacturing
- Automotive
- Retail
- Healthcare
- Others (BFSI and Defense)
Regional Analysis
- China
- India
- Japan
Rest of Asia-Pacific
Company Profiles
- Advantech Co. Ltd.
- Cisco Systems, Inc.
- Cumulocity GmbH
- Hitachi, Ltd.
- IBM Corp.
- Litmus Automation, Inc.
- Microsoft Corp.
- Oracle Corp.
- PTC Inc.
- Robert Bosch GmbH
- SAP SE
- TIBCO Software Inc.
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