loT Middleware Market

IoT middleware is  projected to grow from USD 18.5 billion in 2024 to USD 41.7 billion by 2029 at  a CAGR of 17.6% during the forecast period. As the number of connected IoT  devices is rising, the problem of data security and privacy has grown more  acute. Some IoT devices may gather and share identifiable information, making  them vulnerable to hacking. The IoT middleware solutions play a very significant  role in the security of IoT systems through aspects like the IoT encryption,  IoT authentication, and IoT access control. These features assist in preventing  data tampering and guarantee that only permitted devices and users can access  the system. Furthermore, middleware can assist organisations in the fulfilment  of the data protection regulations by availing means of secure management and  transfer of such data. The need for improved security and privacy is one of the  main drivers for IoT middleware since organizations aim at shielding their IoT  assets</p>

The major vendors covered in the IoT middleware include Microsoft(US), IBM (US), PTC (US), Cisco (US), AWS (US), SAP (Germany), Google (US), Hitachi (Japan), Oracle (US), HPE (US), Bosch (Germany), Siemens (Germany), GE (US), Schneider Electric (US), Software AG (Germany), Aeris Communication (US), Salesforce (US), Atos (France), ClearBlade(US), Davra Networks (US), Axiros (Germany), Eurotech (Italy), Litmus Automation (US), Ayla Networks (US), SumatoSoft (US), QiO Technologies (UK), Particle Industries (US) and Exosite (US). These firms have used various growth methods, including partnerships, agreements,  business expansions, collaborations, and the introduction of new products, to increase the prominence of IoT middleware.

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Microsoft is a technology company officially known as Microsoft Corporation and covers several sectors. The company offers various products, including operating systems, productivity suites, server applications, developer tools, business solutions, management tools, gaming consoles, and educational services. The company also offers Microsoft cloud offerings that encompass Azure Cloud Platform Solutions for cloud structure. The company provides various Internet of Things (loT) solutions within Microsoft’s Intelligent Cloud segment. It also offers many Internet of Things (loT) solutions. This includes Azure loT services, Azure Sphere for secure loT device development and industrial loT, smart city solutions, etc. All these loT solutions are critical to Microsoft’s vision of assisting businesses and organizations with scalable and secure loT solutions in different industries worldwide.

IBM is a worldwide pioneer in technology that offers a full range of tools, software, and services. The firm has solutions that focus on artificial intelligence, data analytics, and cloud computing. The corporation has different strategic divisions, such as Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. Among the Cloud & Cognitive Software segment, IoT is the area that IBM focuses on offering sophisticated solutions. Other products include IBM Maximo Asset Management and IBM TRIRIGA Facilities Management, which improve asset performance and operation management by integrating loT.

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loT Middleware Market with Impact of Gen AI, by Platform (Device Management, Application Management, Connectivity Management, Data Management, and Security Management), Vertical (Government & Defense, ManuBFSIfacturing, ) - Global Forecast to 2029

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