The IoT middleware market is expected to expand from USD 18.5 billion in 2024 to USD 41.7 billion in 2029, at a CAGR of 17.6%.

Owing to the escalating IoT system, IoT middleware is quickly assuming the role of a vital software layer that oversees the relay of messages between the IoT devices and networks, besides powering the IoT applications. The ongoing trends reveal a significant focus on using cloud and edge computing for data processing in real-time and increased capacity. The development of more advanced IoT applications is supported by the increase in bandwidth and low latency due to the advent of 5G technology, thus favoring IoT middleware. Also, emphasis is placed on security and compatibility. In this context, middleware products have become more competent, using artificial intelligence and machine learning to control large amounts of information more effectively. This means there will be continuous growth in the need for IoT middleware platforms as organizations in different industries forge ahead with digitizing their activities.

The middleware for IoT systems will be revolutionized by generative AI (Gen AI), thereby increasing system sophistication and innovation. Gen AI helps perform elaborate work, enhance data management, predict and maintain IoT devices and systems, and make decisions. It produces advanced models and algorithms to improve the analysis of connected systems in a real-time fashion and increase accuracy. IoT adoption across industries will help integrate Gen AI into IoT middleware, enhancing more intelligent, secure, and scalable solutions, leading to the growth of the IoT middleware market.