UK IoT middleware market is projected to grow at a significant CAGR during the forecast period (2020-2026). UK is regarded as a promising nation, in terms of cloud services, owing to the advanced economy as well as the well-developed IT industry in the country. The national and local governments, along with private companies are some of the major consumers of cloud services. The MNCs are the major buyers of cloud technology, as compared to smaller firms, that have uptake rates ranging between 96% and 76%. Government spending on cloud services is growing quickly in the country, when compared to the public sector, intending to catch up with private sector cloud adoption.
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The World Economic Forum (2019) ranks UK eighth in terms of network readiness, suggesting that the industry is well developed as per the IT infrastructure. This has supported fuel growth in the IoT industry, as firms are encouraged to do business in UK. The IoT is increasingly being used in appliances, wearable devices, cars, and energy meters through which cloud service providers are gaining more customers and funding. In 2018, there were seven billion IoT devices connected globally. Further, research conducted by the Cloud Industry Forum (CIF) reveals that cloud adoption has grown significantly in small and public sector organizations, which has certainly promoted the IoT middleware industry in UK.
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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?
UK 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.)
