According to the latest market study released by Technavio, the global middleware market is expected to grow at a CAGR of more than 5% during the forecast period.
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Technavio has published a new report on the global middleware market from 2017-2021. (Graphic: Business Wire)
This research report titled 'Global Middleware Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
According to Amrita Choudhury, a lead analyst at Technavio for enterprise application research, "The growth of the middleware market is supported by technologies such as the Internet of Things and digital transformation in industries such as the BFSI and automotive sectors. The use of IoT is expected to increase in several smart devices. Middleware is required to set up a smooth connection between these smart devices, applications, and operating systems. This is likely to increase the demand for middleware, resulting in an increased market growth."
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The market research analysis categorizes the global middleware market into four major end-user segments. They are:
- Retail
- Healthcare
- BFSI
- Automotive
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Retail
The retail sector is growing in both offline and online modes. The online mode of retail is the major driver for the middleware market. In online retail, the online retail service provider uses databases and servers to store data. These online retailers also manage the frontend software like mobile application or website, which interact with different devices like smartphones, tablets, and laptops.
"Middleware is required to manage the communication between the databases, applications, and hardware. As the online mode of retail is in the growing stages, it will contribute to the growth of the middleware market. Offline retail will also help the middleware market to grow as major retailers are adopting the auto-checkout model," says Amrita.
Healthcare
The healthcare sector is one of the major end-users of middleware owing to the emergence and adoption of electronic health records (EHRs) and different healthcare devices. EHR is a digital version of patient's medical data. With EHRs, authorized users can get real-time records of patients instantly and securely. Middleware is helpful in solving the interoperability issues by connecting the EHRs and different healthcare devices like digital X-ray machines, ECG machines, and ventilators.
BFSI
The BFSI sector is using middleware extensively due to the adoption of technologies like cloud computing in the banking and insurance industry. Banks are changing from decentralized to centralized systems, whereby all their data is stored in centralized systems. This facilitates centralized banking applications and net banking, which can be accessed from any device connected to the Internet. Middleware is required to smoothly operate these applications on different devices like laptops and tablets in a secure manner. Banking services are growing in countries like India, which will lead to the growth of the global middleware market
Automotive
In the automotive industry, the demand for middleware is expected to grow due to advances in the autonomous vehicle market. Autonomous vehicles use sensors, cameras, radars, artificial intelligence, and machine learning algorithms to help improve autonomous driving, diverse mobility, and electrification. Hence, the growth of the autonomous vehicle market will lead to an increase in the demand for middleware.
For instance, Tata Elxsi has announced that it will provide its autonomous vehicle middleware Autonomai to one of the automotive OEMs for their R&D on autonomous cars. Autonomai will act as a bridge between different hardware such as sensors, AI devices, and other electronic parts.
The top vendors highlighted by Technavio's market research analysts in this report are:
- Fujitsu
- IBM
- Microsoft
- Oracle
- Red Hat
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