A $25.1 Billion Global Opportunity for IoT Middleware by 2026 - New Research from StrategyR

SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "IoT Middleware - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 19022
Companies: 41 - Players covered include Amazon Web Services, Inc.; Arrayent, Inc.; Axiros GmbH; Cisco Systems, Inc.; ClearBlade, Inc.; Davra Networks; Oracle Corporation; PTC, Inc.; Red Hat, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Platform (Device Management, Application Management, Connectivity Management); Vertical (Manufacturing, Government & Defense, Automotive, Energy & Utilities, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global IoT Middleware Market to Reach $25.1 Billion by 2026
Amid the COVID-19 crisis, the global market for IoT Middleware estimated at US$8.3 Billion in the year 2020, is projected to reach a revised size of US$25.1 Billion by 2026, growing at a CAGR of 19.8% over the analysis period. Manufacturing, one of the segments analyzed in the report, is projected to record a 19.1% CAGR and reach US$9.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Government & Defense segment is readjusted to a revised 19.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.1 Billion in 2021, While China is Forecast to Reach $4.4 Billion by 2026
The IoT Middleware market in the U.S. is estimated at US$3.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.4 Billion by the year 2026 trailing a CAGR of 19.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.5% and 16.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.9% CAGR.

Automotive Segment to Reach US$5 Billion by the year 2026
In the global Automotive segment, USA, Canada, Japan, China and Europe will drive the 21.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$4.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.