The IoT middleware market is expected to reach $41.7bn by 2029 from $18.5bn in 2024, at a CAGR of 17.6 %, according to Markets & Markets.

The market is largely driven by the growth of IoT devices in homes, industries, healthcare, transport and other sectors. This implies the more connected devices there are, the more difficult it becomes to manage them.

IoT middleware can be understood as an intermediate layer designed to mediate interactions, data sharing and device control in areas of various platforms and devices. In this regard, it helps organisations compile a host of loT devices and ensure they work in a coordinated manner, thus improving performance.

IoT has continued to increase in healthcare because of the adoption of implanted sensors, fast cellular networks such as LTE and 3G, and wireless devices. This interconnection of sensors and devices ensures healthcare organisations can coordinate clinical activities, monitor workflow and even dispense patient care from the patient’s home or other location. Consequently, a great emphasis is placed on introducing solid applications and correlated technologies in healthcare.

Integrated health technologies, which include using new points of care through IoT middleware, are being embraced, including remote patient monitoring, healthcare worker and patient workflow management, medication management, and medical asset tracking. Some players are moving in this area, taking advantage of experience in the communications infrastructure essential for M2M communication. M2M has numerous uses in healthcare, such as cell phones with RFID-sensor features that can track medical indices and control medication.

Device management platforms offer the necessary frameworks to ensure connected devices are effectively managed and controlled. It allows real-time interaction across the connected devices with the hub application and the processed data transmissions. This often provides services such as device onboarding, configuration, monitoring and firmware update to help businesses maintain massive IoT deployments. This also ensures devices are properly functioning, protected and updated and thus reduces the incidences of breakages, losses or delays.

In addition, this platform also has extensibility to have new devices added in the future when the IoT network expands. The middleware platform addresses the management challenge for IoT devices making it easier for organisations to keep track of the health of the devices and security of their IoT infrastructure.

The IoT middleware Asia-Pacific market is on the growth slope graph that is expected to reach $15.8bn by 2029, with China, Japan and India leading the charge. IoT middleware has been seen to register rapid growth in the Asia Pacific region due to government support and smart-city projects, especially in China, which by 2024 will account for over 30% of the region’s market.

Due to the early adoption of technologies, Asia-Pacific is expected to observe the highest CAGR during the forecast period. The region’s drive to improve its IT structure allows organisations to adopt innovative information technologies.

Asia-Pacific has the potential to become the world’s biggest IoT services market, with nearly 11 billion connections in the market in the next seven years.

For more on the report, see www.marketsandmarkets.com/Market-Reports/iot-middleware-market-84839232.html.