Asia-Pacific IoT middleware market is projected to grow at a significant CAGR during the forecast period. The adoption of cloud infrastructure services is continuously increasing among small-medium enterprises (SMEs) of the emerging economies in the Asia-Pacific region. This is estimated to increase the IoT market, which in turn, will drive the growth of the IoT middleware market in the region. SMEs are further expected to rise during the forecast period, backed by the technological innovation in its products, with the ICT and electronics industry pursuing the growth in the IoT.
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Nevertheless, SMEs are expected to foresee a gradual move towards the ICT sector, with a major focus on the upcoming technologies, such as IoT and AI. These technologies have their applications across every sector; therefore, the SMEs are moving ahead with these technologies. Moreover, the cloud services among SMEs is continuously increasing and thus augmenting the growth of the IoT market in the region.
Furthermore, in India, the increasing internet penetration across rural areas has been another major factor propelling the demand for IoT connected devices, and in turn, the growth of the market. Along with this, the cohesive government policies and prospering digitalization from initiatives, such as “Digital India” are further offering the growth of IoT connected devices in the country.
Asia-Pacific 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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Asia-Pacific IoT Middleware Market Report Segment by Region
- China
- Japan
- India
- 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
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