Artificial Intelligence
Global IoT Middleware Markets to 2025 – Increasing Focus on Remote Monitoring for the Work-From-Home (WFH) Initiative Amid COVID-19
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Dublin, Aug. 14, 2020 (GLOBE NEWSWIRE) — The “IoT Middleware Market by Platform Type (Device, Application, and Connectivity Management), Organization Size (Large Enterprises and SMES), Vertical (Manufacturing, Government & Defense, Automotive & Transportation), and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The Global IoT Middleware Market is Projected to Grow from USD 10.1 Billion in 2020 to USD 25 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.7% during the Forecast Period.
Increasing focus on remote monitoring for the work from home from home initiatives are sewt to drive the IoT middleware market
The increase in adoption of cloud and evolution of high-speed network technologies will lead to a broader base of individuals interested in purchasing IoT devices. Growing need for centralized monitoring, is also expected to drive the market growth. However,absence of IoT standards and lack of interoperability is one of the factors hindering the market growth. The objective of the report is to define, describe, and forecast the IoT middleware market size based on platform type, organization size, vertical, and region.
In a short time, the COVID-19 outbreak has affected markets and customers’ behavior and is making a substantial impact on economies and societies. With offices, educational institutions, and manufacturing facilities shutting down for an indefinite period; major sports and events being postponed; and work-from-home and social distancing policies in effect, businesses are increasingly looking for technologies to help them sail through these difficult times. The COVID-19 pandemic is impacting businesses across the globe. Analytics companies are trying to fight this pandemic by keeping their assets online and ensuring the privacy and security of data across networks. Connectivity management: The fastest-growing segment of the IoT middleware market, by platform type
The IoT middleware market, based on platform type, covers device management, application management and connectivity management. The connectivity management platform provides a common platform to manage the entire network of an organization along with devices, and, at the same time, ensure the security of communications. These platforms analyze data transferred over a network and automatically routes it to avoid congestions that can result in crashing the network. Furthermore, this platform provides centralized monitoring, helping organizations to improve operational efficiency and manage various processes optimally.
Manufacturing: The largest growing vertical segment of the IoT middleware market
The manufacturing firms are moving toward Industry 4.0, wherein smart devices and automation would work together in an entirely new way. In Industry 4.0, robotics is connected remotely to computer systems equipped with ML and Artificial Intelligence (AI) algorithms, which can learn and control robots with very little inputs. IoT is at the center of factory automation and Industry 4.0, and helps organizations streamline their business processes and optimize operations. IoT platforms enable connectivity between various layers and the application layer. IoT platforms help manufacturing companies to automate processes and manage supply chains.
APAC: The fastest-growing region in the IoT middleware market The growing digitalization across the APAC region to deal with a massive amount of data would drive the adoption of IoT middleware platform in the region. APAC has witnessed advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. APAC is taking aggressive initiatives to leverage the IT infrastructure, enabling commercial users to adopt cutting-edge technologies. Many organizations, active in IoT, are from this region, such as Shenzhen, Samsung, and Hitachi. Certainly, the size of the potential market and local activity is attracting international organizations to focus on IoT initiatives in the region.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary 4 Premium Insights 5 Market Overview and Industry Trends 6 IoT Middleware Market: COVID-19 Impact
7 IoT Middleware Market, by Platform Type 8 IoT Middleware Market, by Organization Size 9 IoT Middleware Market, by Vertical 10 IoT Middleware Market, by Region 11 Competitive Landscape 12 Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/j1xofh Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
4.1 Attractive Opportunities in the IoT Middleware Market
4.2 Market: Components and Top 3 Verticals
4.3 Market, by Country
5.1 Introduction
5.2 Market Dynamics
5.3 COVID-19 Pandemic Driven Market Dynamics and Factor Analysis
5.3.1 Drivers and Opportunities
5.3.2 Restraints and Challenges
5.3.3 Cumulative Growth Analysis
5.3.4 Drivers
5.3.4.1 Increasing Focus on Remote Monitoring for the Work from Home Initiative
5.3.4.2 Growing need for Centralized Monitoring
5.3.4.3 Increasing Adoption of Cloud
5.3.4.4 Evolution of High-Speed Network Technologies
5.3.5 Restraints
5.3.5.1 Integration with Legacy Systems
5.3.5.2 Absence of Uniform IoT Standards and Lack of Interoperability
5.3.5.3 Concerns Over Data Security and Privacy
5.3.6 Opportunities
5.3.6.1 Increasing Shift Toward Outcome and Pull Economies
5.3.6.2 Rising Adoption of IoT in SMEs
5.3.6.3 Drones for the Enforcement of Compliance
5.3.6.4 Using IoT to Manage Patient Care
5.3.7 Challenges
5.3.7.1 Dearth of Skilled Workforce
5.3.7.2 Implementation and Security Challenges
5.3.7.3 Disruption in Logistics and Supply Chain
5.4 Adjacent Markets
5.5 Use Cases
5.5.1 Qivicon
5.5.2 Exelon
5.5.3 Centratech Systems
5.5.4 Haemonetics Corporation
5.5.5 Pima County
5.5.6 Homeexcept
5.5.7 Golden State Foods
5.5.8 Calstar
5.6 Regulatory Implications
5.6.1 International Organization for Standardization (Iso) Standards
5.6.2 Iso/Iec Jtc 1
5.6.2.1 Iso/Iec Jtc 1/Swg 5
5.6.2.2 Iso/Iec Jtc 1/Sc 31
5.6.2.3 Iso/Iec Jtc 1/Sc 27
5.6.2.4 Iso/Iec Jtc 1/Wg 7 Sensors
5.6.3 Institute of Electrical and Electronics Engineers Standards Association (Ieee-Sa)
5.6.4 European Committee for Standardization/International Standardization Organization (Cen/Iso)
5.6.5 European Committee for Standardization/ European Committee for Electrotechnical Standardization (Cen/Cenelec)
5.6.6 European Technical Standards Institute (Etsi)
5.6.7 International Telecommunication Union – Telecommunication Standardization Sector (Itu-T)
5.7 IoT Middleware Platform General Architecture
5.8 IoT Platform Functional Capabilities
5.8.1 Device Management
5.8.2 Integration
5.8.3 Data Management
5.8.4 Analytics
5.8.5 Application Enablement and Management
5.8.6 Security
7.1 Introduction
7.2 Device Management
7.3 Application Management
7.4 Connectivity Management
8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises
9.1 Introduction
9.2 Manufacturing
9.3 Government and Defense
9.4 Automotive and Transportation
9.5 Energy and Utilities
9.6 Healthcare
9.7 Retail
9.8 Banking, Financial Services, and Insurance
9.9 Others
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 Latin America
11.1 Competitive Leadership Mapping
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Market Ranking for the Market, 2018
11.3 Competitive Scenario
11.3.1 New Product Launches and Product Enhancements
12.1 Introduction
12.2 IBM
12.3 Microsoft
12.4 AWS
12.5 SAP
12.6 PTC
12.7 Cisco
12.8 Google
12.9 Hitachi
12.10 HPE
12.11 Bosch
12.12 Oracle
12.13 Salesforce
12.14 GE
12.15 Schneider Electric
12.16 Clearblade
12.17 Davra
12.18 Mulesoft
12.19 Axiros
12.20 Tibco Software
12.21 Siemens
12.22 Eurotech
12.23 Flutura
12.24 Litmus Automation
12.25 Ayla Networks
12.26 Aeris
12.27 Qio Technologies
12.28 Atos
12.29 Exosite
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Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
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About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
Visit ViCA.Chat to learn more.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
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HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.
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Bringing Everyone Together for UEFA EURO 2024™
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About Toshiba TV:
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