info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

US IoT Middleware Market Research Report: By Platform Type (Device Management, Application Management, Connectivity Management), By Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises) and By Vertical (Manufacturing, Government, Defense, Automotive, Transportation, Energy and utilities, Healthcare, Retail, BFSI) - Forecast to 2035


ID: MRFR/ICT/17244-HCR | 100 Pages | Author: Garvit Vyas| December 2023

US IoT Middleware Market Overview:


As per MRFR analysis, the US IoT Middleware Market Size was estimated at 2.58 (USD Billion) in 2023. The US IoT Middleware Market Industry is expected to grow from 3.5(USD Billion) in 2024 to 16.3 (USD Billion) by 2035. The US IoT Middleware Market CAGR (growth rate) is expected to be around 15.011% during the forecast period (2025 - 2035).


Key US IoT Middleware Market Trends Highlighted


The US IoT Middleware Market is witnessing significant growth, driven primarily by the increasing demand for integrated solutions that can facilitate seamless connectivity across a multitude of devices. Key market drivers include a rise in smart city initiatives across various states, where governments aim to enhance urban infrastructure through the deployment of IoT solutions. Furthermore, the regulatory environment in the US encourages innovation in IoT technologies, offering companies the necessary support to develop middleware solutions that enhance interoperability among different connected devices. As organizations increasingly recognize the potential of IoT in optimizing operations and delivering better customer experiences, opportunities for growth continue to surge.The expansion of industrial IoT applications within sectors such as manufacturing, healthcare, and agriculture presents a favorable landscape for middleware solutions that can effectively manage data from diverse sources. This aligns with government policies that promote technological advancement and investment in digital infrastructure. Trends in recent times indicate a strong focus on cloud-based IoT middleware offerings, which provide flexible and scalable solutions for businesses. The adoption of edge computing is also becoming more prevalent, allowing data processing closer to the source, thus reducing latency and improving response times.Additionally, advancements in artificial intelligence and machine learning are being integrated into middleware platforms to enhance data analytics capabilities. These trends signify a shift towards more intelligent and efficient IoT ecosystems, which support the growing connectivity needs of various industries across the US.


US IOT Middleware Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US IoT Middleware Market Drivers


Increasing Demand for Smart Infrastructure


The US IoT Middleware Market Industry is experiencing substantial growth driven by the burgeoning demand for smart infrastructure. According to research from the U.S. Department of Energy, investments in smart grid technologies have surged, with total spending expected to exceed 10 billion USD by 2025. This growing wave of investments reflects an increasing reliance on smart technologies to enhance energy efficiency and reliability. Organizations like General Electric and Siemens are pivotal in shaping this landscape by providing IoT solutions that integrate various smart technologies, making cities more sustainable and operationally efficient.The growing need for smart homes, connected vehicles, and intelligent transportation systems are also expected to push the market forward, tapping into the evolving urban environment that relies heavily on IoT middleware for seamless data exchange and operations.


Rapid Growth of Connected Devices


The number of connected devices in the US continues to rise sharply, significantly influencing the US IoT Middleware Market Industry. In fact, the Consumer Technology Association reported that by 2025, there will be over 1 billion connected devices in American homes alone. This sheer volume creates an incredible demand for effective middleware solutions that enable communication and interoperability between devices. Major technology companies such as Amazon and Google are continuously enhancing their IoT platforms, leading to a more connected experience for consumers.The increasing reliance on connected devices in sectors such as healthcare, automotive, and smart homes has necessitated sophisticated middleware solutions to manage these devices, thereby propelling market growth.


Government Initiatives and Funding


Government policies and funding directed towards the advancement of IoT technologies are catalyzing growth in the US IoT Middleware Market Industry. As part of the National IoT Strategy, the U.S. government has allocated resources to support the deployment of IoT solutions across various sectors including transportation, healthcare, and agriculture. For instance, the Federal Communications Commission's initiatives to allocate broadband spectrum will enhance IoT communication capabilities, thereby facilitating a more robust ecosystem for middleware development.Organizations such as the National Institute of Standards and Technology are also focusing on establishing standards that will boost the interoperability and security of IoT systems. This backing not only encourages innovation but also boosts investor confidence, subsequently leading to increased market investments.


US IoT Middleware Market Segment Insights:


IoT Middleware Market Platform Type Insights


The US IoT Middleware Market, particularly in the Platform Type segment, represents a vital area of growth and innovation within the Internet of Things landscape. This segment fundamentally encompasses various functionalities that are essential for the seamless operation of IoT devices and systems. The platform type is typically segmented into categories like Device Management, Application Management, and Connectivity Management, which each play a critical role in ensuring effective IoT deployments. Device Management focuses on the lifecycle management of IoT devices, enabling functionalities such as provisioning, monitoring, and security. This aspect is crucial for organizations as it allows for efficient management of devices across numerous environments while ensuring compliance with security protocols. Given the increasing number of connected devices in the US reported to be in the billions the emphasis on device management is undoubtedly significant, as companies seek to optimize performance and extend device longevity.Application Management encompasses the tools and processes that help in developing, deploying, and managing IoT applications. This is increasingly important as organizations strive for agility in deploying services that connect IoT devices to users and integrate with existing enterprise applications. With a surge in demand for intelligent applications that harness real-time data analytics and provide user-friendly experiences, this segment is witnessing heightened attention. Connectivity Management serves as the backbone of IoT infrastructure, enabling effective communication between devices, networks, and cloud services.

As cellular, LPWAN, Wi-Fi, and satellite technologies evolve, facilitating continuous connectivity is paramount for the reliability of IoT solutions. The growing need for diverse connectivity options arises from varying use cases across industries, including smart cities, healthcare, and supply chain management.Overall, the trends indicate that the US market is experiencing significant advancements in the Platform Type segment, driven by rising adoption of IoT applications across sectors such as healthcare, automotive, and manufacturing. Companies are recognizing the importance of investing in sophisticated middleware solutions that can address scalability, security, and operational efficiency challenges. However, as the US IoT landscape evolves, challenges do accompany these growth drivers, including concerns around interoperability, security vulnerabilities, and data management complexities. The interplay between these segments not only enhances operational capabilities but also paves the way for innovative solutions that leverage the full potential of IoT ecosystems in the US.


US IOT Middleware Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


IoT Middleware Market Organization Size Insights


The Organization Size segmentation within the US IoT Middleware Market reveals diverse dynamics influencing market growth. Small and Medium-sized Enterprises (SMEs) are increasingly adopting IoT middleware solutions to enhance operational efficiency and streamline processes, driven by the need for competitive advantage in a rapidly evolving digital landscape. SMEs typically embrace flexible and scalable middleware options that cater to their specific needs, enabling them to leverage IoT capabilities without significant upfront investments. On the other hand, Large Enterprises exhibit dominance in this space due to their substantial resources and specialized demands for robust, integrated IoT solutions.These organizations often pursue advanced IoT middleware to optimize their existing infrastructures, enhance data analytics capabilities, and improve decision-making processes. The integration of IoT within large-scale operations facilitates better resource management and fosters innovation, positioning these enterprises as leaders in their respective industries. As businesses increasingly recognize the transformative power of IoT middleware, both SMEs and Large Enterprises hold significant potential to reshape their operational landscapes through strategic implementation of technology solutions, contributing to the overall growth of the US IoT Middleware Market.


IoT Middleware Market Vertical Insights


The US IoT Middleware Market, particularly within the Vertical segment, showcases a diverse range of applications that play a crucial role in enhancing operational efficiency across various industries. Manufacturing is significantly leveraging IoT middleware to optimize processes, reduce downtime, and enable predictive maintenance. In the Government and Defense sectors, there is a substantial focus on secure data integration and real-time monitoring to support critical infrastructures and enhance national security. The Automotive and Transportation industries utilize IoT middleware to facilitate connected vehicle technologies, improving safety and efficiency.Energy and Utilities benefit by implementing smart grid solutions that enhance resource distribution and energy management. In Healthcare, IoT solutions enable real-time patient monitoring and data exchange, which enhances patient care and operational efficiencies. Retail is integrating IoT middleware to personalize customer experiences and streamline supply chains, while the Banking, Financial Services, and Insurance (BFSI) sector is leveraging these technologies to enhance customer engagement and improve fraud detection. Overall, the demand for IoT middleware within these verticals underscores a growing trend towards digital transformation across the US economy, driven by the need for data-driven insights and improved operational capabilities.


US IoT Middleware Market Key Players and Competitive Insights:


The US IoT Middleware Market is characterized by a dynamic and competitive landscape driven by rapid advancements in technology and a growing emphasis on automating business processes through connected devices. As more organizations adopt IoT solutions, middleware which serves as a critical intermediary between smart devices and applications has gained prominence. This market includes a diverse range of players who are developing innovative solutions to facilitate seamless connectivity, data management, and application integration. A combination of established companies and agile startups is continually shaping the competitive environment, with significant emphasis placed on capabilities such as data analytics, security, and platform compatibility. The increasing demand for real-time data analytics and cloud-based solutions further intensifies competition, motivating companies to differentiate their offerings and enhance their service portfolios.In the US IoT Middleware Market, SAP has established a strong presence, recognized for delivering robust and scalable middleware solutions tailored to various industries. The company leverages its extensive experience in enterprise resource planning to offer a comprehensive IoT platform that enhances data integration and connectivity. SAP’s strengths lie in its advanced analytics capabilities, user-friendly interfaces, and the ability to support a wide range of IoT devices and protocols, enabling seamless communication across systems. Their commitment to innovation is reflected in their continuous updates and enhancements, which are designed to meet evolving customer needs in a rapidly changing market.

By focusing on industry-specific applications, SAP fosters strong partnerships and offers value-added services that bolster its competitive position in the US.ThingWorx operates as a significant player within the US IoT Middleware Market, where it has made substantial inroads through its high-performance platform designed for industrial applications. ThingWorx provides an integrated solution that encompasses key products such as application development frameworks, connectivity tools, and analytics capabilities to facilitate the creation and management of IoT applications. The company leverages its expertise to cater to various sectors, positioning itself strongly in industries like manufacturing and logistics. ThingWorx's strengths lie in its user-friendly development environment, which accelerates the time-to-market for IoT applications, as well as its focus on enterprise-grade security features. The company has also pursued strategic partnerships and acquisitions to enhance its technology offerings and expand its market reach in the US, making it a formidable competitor in the IoT middleware space with a keen ability to innovate and adapt to market demands.


Key Companies in the US IoT Middleware Market Include:



  • SAP

  • ThingWorx

  • Mindsphere

  • Dell Technologies

  • PTC

  • Oracle

  • Red Hat

  • Cisco

  • IBM

  • Amazon Web Services

  • Microsoft

  • Samsung

  • Google

  • Salesforce

  • Siemens


US IoT Middleware Market Industry Developments


The US IoT Middleware Market has experienced significant developments recently, primarily driven by advancements in cloud computing and increased adoption of IoT technologies across various industries. In September 2023, Oracle announced an expansion in its cloud services portfolio aimed at providing more robust solutions for IoT middleware, enhancing integration capabilities for businesses. In August 2023, SAP made strides in introducing new functionalities in its IoT platform, focusing on real-time data analytics to support better decision-making. Meanwhile, in October 2023, IBM launched an upgraded version of its Watson IoT platform, facilitating enhanced connectivity features for device management. Mergers and acquisitions have also reshaped the market landscape, notably with Microsoft acquiring an IoT analytics firm in May 2023 to bolster its Azure IoT services. Additionally, in July 2023, Cisco made headlines by acquiring a leading IoT security startup, strengthening its position in the middleware segment. Over the past two to three years, the market has seen consistent growth, particularly due to investments from major players like Amazon Web Services and Google in improving their middleware capabilities, leading to increased enterprise competitiveness and innovation in IoT solutions within the United States.


US IoT Middleware Market Segmentation Insights


IoT Middleware Market Platform Type Outlook



  • Device Management

  • Application Management

  • Connectivity Management


IoT Middleware Market Organization Size Outlook



  • Small and Medium-sized Enterprises (SMEs)

  • Large Enterprises


IoT Middleware Market Vertical Outlook



  • Manufacturing

  • Government

  • Defense

  • Automotive

  • Transportation

  • Energy and utilities

  • Healthcare

  • Retail

  • BFSI


 

Report Scope:
Report Attribute/Metric Source: Details
MARKET SIZE 2018 2.58(USD Billion)
MARKET SIZE 2024 3.5(USD Billion)
MARKET SIZE 2035 16.3(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 15.011% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED SAP, ThingWorx, Mindsphere, Dell Technologies, PTC, Oracle, Red Hat, Cisco, IBM, Amazon Web Services, Microsoft, Samsung, Google, Salesforce, Siemens
SEGMENTS COVERED Platform Type, Organization Size, Vertical
KEY MARKET OPPORTUNITIES Integration with AI technologies, Enhanced data analytics capabilities, Support for edge computing, Scalability for diverse applications, Security solutions for data privacy
KEY MARKET DYNAMICS Scalability and flexibility needs, Rising cloud adoption, Enhanced data security concerns, Integration with legacy systems, Demand for real-time analytics
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The US IoT Middleware Market is expected to be valued at 3.5 USD billion in 2024.

By 2035, the US IoT Middleware Market is projected to reach a value of 16.3 USD billion.

The expected CAGR for the US IoT Middleware Market from 2025 to 2035 is 15.011%.

Major players include SAP, ThingWorx, Mindsphere, Dell Technologies, and PTC, among others.

The Device Management segment is valued at 1.4 USD billion in 2024.

The Application Management segment is projected to reach 5.5 USD billion by 2035.

The Connectivity Management segment is expected to be valued at 1.0 USD billion in 2024.

The key growth drivers include increasing IoT device adoption and demand for seamless integration.

Key applications include device management, application management, and connectivity management.

Opportunities arise from emerging technologies and increased investment in IoT solutions.

Leading companies partner with us for data-driven Insights.

clients

Kindly complete the form below to receive a free sample of this Report

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

report-img
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.