The North American IoT middleware market is projected to grow at a significant CAGR during the forecast period. 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.
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)
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North American IoT Middleware Market Report Segment by Region
North America
- United States
- Canada
Company Profiles
- Aeris Communications
- Amazon Web Services, Inc.
- Ayla Networks Inc.
- Cisco Systems, Inc.
- ClearBlade, Inc.
- General Electric Co.
- Google LLC
- Hitachi, Ltd.
- IBM Corp.
- Litmus Automation, Inc.
- Microsoft Corp.
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