Asia-Pacific IoT middleware market is projected to witness considerable growth during the forecast period. The significance of IoT in connecting devices for establishing a connection between other devices has been positively influencing the growth of the Asia-Pacific IoT middleware market. The technological advancement in smartphones coupled with the rising smartphone users has further augmented the connectivity of objects through IoT in various places such as shopping malls, airports, and other public places. Moreover, the growing demand for IoT connectivity coupled with cohesive government initiatives for smart city projects within the emerging economies of the region is anticipated to drive the growth of the regional market.

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Asia-Pacific IoT middleware market is classified on the basis of platform and vertical. Based on the platform, the market is segmented into device management, application management, and connectivity management. Based on vertical, the market is segregated into energy & utilities, manufacturing, automotive, retail, healthcare, and others. The manufacturing sector is one of the major end-users of IoT middleware. The IoT middleware for the manufacturing market is estimated to project a considerable CAGR during the forecast period. Major applications of IoT in manufacturing further include connected factory and inventory management, which are expected to offer growth opportunities to the IoT middleware market during the forecast period.

Geographically, the Asia-Pacific IoT middleware market is analyzed for China, Japan, India, and the Rest of Asia-Pacific. China contributed the major share in the Asia-Pacific IoT middleware market in 2019 and is expected to retain its position during the forecast period. The dominance of China in the Asia-Pacific market is mainly due to the well-established electronics industry. India is projected to exhibit a considerable CAGR in the Asia-Pacific IoT middleware market during the forecast period.

The Asia-Pacific IoT middleware market is influenced by product development and advancements conducted by the market players. Some of the global key players operating in the Asia-Pacific IoT middleware market include Advantech Co. Ltd., Cisco Systems, Inc., Cumulocity GmbH, Microsoft Corp., IBM Corp., SAP SE, and Amazon Web Services, Inc. These players are playing a significant role in the growth of the IoT middleware market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.

In addition, the players are expanding their reach in the Asia-Pacific region to leverage opportunities offered by the region. For instance, in March 2017, Litmus Automation expanded in Japan with the addition of a local Country Manager, Venu Sathiraju. Litmus has achieved early success in Japan with Fortune 500 customers, including Nissan, taking advantage of the company's next-generation IoT solution. With the new hire, Litmus Automation would work to expand its support and pipeline in Japan to help more enterprise customers to connect and manage complex and distributed systems.

Research Methodology

The market study of the Asia-Pacific IoT middleware market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for IoT companies, software vendors, IT companies, industry associates & experts, system integrators, end-user industry, government organizations, regulatory bodies, industry associates & experts, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Asia-Pacific IoT Middleware Market Research and Analysis by Platform
2. Asia-Pacific IoT Middleware Market Research and Analysis by Vertical

The Report covers:

• Comprehensive research methodology of the Asia-Pacific IoT middleware market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific IoT middleware market.
• Insights about market determinants which are stimulating the Asia-Pacific market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.