IoT middleware market set to soar

Sheetal2329 May, 2025Technology

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.