Middleware
is software that lies between an operating system and the applications running
on it. Essentially functioning as hidden translation layer, middleware enables
communication and data management for distributed applications. It is sometimes
called plumbing, as it connects two applications together so data and databases
can be easily passed between the pipe. Using middleware allows users to perform
such requests as submitting forms on a web browser, or allowing the web server
to return dynamic web pages based on the profile of a user.
Middleware soft can be divided into basic middleware, integration middleware and application integration middleware. Basic middleware includes software services such as message middleware and transaction middleware. The main function of message middleware is to establish a network asynchronous communication channel, realize application communication between different or the same computer system, and provide a decoupling function for the operation of distributed application systems in a network environment. It is usually used in various systems or components. Send message data between. The main role of transaction middleware is to efficiently transmit transaction requests, coordinate various branches of the transaction, ensure the integrity of the transaction, schedule the operation of the application, and ensure the efficiency of the entire system. Integration middleware is mainly used for resource integration between heterogeneous systems (such as different database systems, business application systems, etc.) to achieve functions such as interconnection and intercommunication, data sharing, business process coordination and unification, and to build flexible and scalable distribution Enterprise applications. Application Integration Middleware is the process of bringing data or a function from one application program together with that of another application program. Where these programs already exist, the process is sometimes realized by using middleware tools, either packaged by a vendor or written on a custom basis. Middleware can be used in the retail industry, medical equipment, banking, financial or insurance services, and the automotive industry.
Influence of COVID-19 Outbreak on Middleware Software Industry Development in 2020
From 2020 to 2021, COVID-19 is the main reason for the dramatic changes in industry conditions. The World Bank predicted in the Global Economic Outlook released on June 8 that by 2020, the global economy will decline by 5.2 percentage points. The deterioration of the global economy will inevitably affect various industries.
In the short term, the middleware industry is not a manufacturing or labor-intensive industry, so it is less directly affected by the actual or large-scale restrictions on travel due to raw materials. However, the outbreak of COVID-19 has had a huge impact on the global economy, leading to a decline in economic growth, and will inevitably lead to a significant reduction in the investment of companies in software services in 2020. Therefore, in the short term, the size of the middleware software market will be smaller than last year. Middleware software is essential for data management, even during economic downturns, expenditures will still occur. Small middleware software companies and emerging companies may be at risk. Although sales revenue and fund-raising provide a buffer for overcoming difficulties, the problems of company are likely to be exposed because the budget cannot be changed in the short term. In 2020, the global market value of the middleware software industry was 31,197.39 M USD, a year-on-year decrease of 7.30%, showing the magnitude of the negative impact of the epidemic.
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According to our research, the Global Middleware Software market has a total value of 26093.41 M USD back in 2015, and increased to 33653.05 M USD in 2019. We made a series of functional calculation and deduced the data of past 5 years with scientific model. Finally, we made the prediction that the value of Middleware Software markets can be 45171.24 M USD by 2025. The CAGR of Middleware Software is 7.68% from 2020 to 2025.
In the long run, when the COVID-19 pandemic ends, the remote working model and the risks established with remote employees will not end. However, after the outbreak of the epidemic, the governments of many countries have issued a series of policies and plans to help the economy recover, and plan to make key investments and support in their fields, which will undoubtedly continue to promote the development of software. COVID-19 will have a certain positive impact on the middleware software market. The middleware software industry has an immeasurable long-term impact. Middleware software should take measures to overcome this epidemic and survive. In the long run, companies that take active measures to respond to the crisis will grow larger in the future. The growth of the Middleware Software market is partially driven by market demand. With the global economic growth, the industry of downstream applications of Middleware Software is also expanding, especially in the Banking, Financial Services, Insurance (BFSI) market. The expansion of the downstream application industries continues to play an active role in the expansion of the middleware software market.
At the same time, due to the particularity of the industry, cybercrimes have emerged one after another. Middleware software needs to step up technical updates and network supervision to ensure consumer rights, even if the loss is stopped, in order to gain the trust of consumers to retain existing customers. And with the popularity of the Internet in life, many novice companies enter the industry. In order to quickly occupy the market and imitate the policies and products of other companies, this may become a factor hindering the development of the entire middleware software industry market.
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