The North American IoT middleware market is projected to grow at a significant CAGR during the forecast period (2020-2026). The high penetration rate of smart wearables, smartphones, and other smart devices offer a threshold to the demand for IoT middleware in the region. According to the Consumer Technology Association, in 2018, smartphone penetration had hit 87.0% of the homes in the US. The high adoption of IoT connected devices in the end-user industries that drive the economy of the region is one of the key factors driving the growth of the regional market. North America enjoys a well-established automotive industry.
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According to the International Organization of Motor Vehicle Manufacturers, in 2018, around 17.4 million units of the automobile were manufactured in the North America region and over 11 million units were produced in the US alone. The presence of a developed automotive sector along with the rising preference of customers towards connected cars is promoting the manufacturers to deploy IoT in vehicles for connecting, which in turn, is expected to drive regional growth of the market. The US & Canada are having an early mover advantage of technologies such as Big Data, IoT, and mobility which is expected to create significant growth opportunities for the IoT middleware market in the region.
Market Coverage
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Report Elements |
Details |
|
Study Period |
2019-2026 |
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Base year |
2019 |
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Forecast period |
2020-2026 |
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Segments Covered |
By Platform and By Vertical |
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Countries Covered |
US and Canada |
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Key Companies Profiled |
Cisco Systems, Inc., Microsoft Corp.,
Oracle Corp., IBM Corp., SAP SE, Google LLC, and Amazon Web Services, Inc. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
North America IoT Middleware Market – Segmentation
By Platform
By Application
North America IoT Middleware Market – Segmentation by Geography
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