Internet of Things (IoT) Gateways Market, Gateway Type (Lightly Rugged, Rugged, Compact, Ultra Compact), Connectivity Type (ZigBee, Wi-Fi, Ethernet, Bluetooth), Industry (Retail, Agriculture, Oil & Gas, Transportation) – Forecast 2023
In this rapidly changing world of technology, the major driving forces for the growth of IoT gateways market are rising need to achieve competitive advantages, new technical advancements in industrial IoT gateways and increased amount of data generation due to IoT.
In the IoT ecosystem, automotive and transportation would have good prospects in the future. The data is collated from various sensors such as fiber optic cables and CCTV cameras, and the analytics of the real-time data is performed by back-end systems; taking into consideration the past data trends, future plans can be developed for the improvement of the traffic system. The power industry uses IoT for collecting data through advanced metering infrastructure and supervisory control and data acquisition (SCADA) systems to achieve optimized operations
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Major Key Players:
Hewlett Packard Enterprise Company (U.S.),
Cisco Systems, Inc. (U.S.),
Huawei Technologies Co. Ltd. (China),
Advantech B+B Smartworx (U.S.),
Bitrective AS (Norway),
Advantech Corporation (Taiwan),
Sierra Wireless (Canada),
Volansys Technologies Pvt. Ltd. (U.S.) among others
According to MRFR, The global IoT gateways market is expected to grow at approx. USD 9 Billion by 2023, at 14% of CAGR between 2017 and 2023.
Study Purposes of IoT Gateways Industry:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the IoT gateways market.
- To provide insights about factors affecting the market growth.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future perspective.
- To provide country level analysis of the market for segmentation on the basis of gateway type, connectivity type and industry.
The regional analysis of IoT gateways market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America would dominate the IoT gateways market owing to increase in research and development in the field of internet of things and improved lifestyle. These are the two crucial factors that are driving the growth of the market in that region.
Due to increase in research and development area, there is a considerable growth in the application areas of internet of things gateways market. Moreover, advancements in the wireless communication technologies and convergence of IoT would further increase the growth of IoT gateways market.
IoT gateways market can be segmented on the basis of following:
By Gateway Type:
- Lightly Rugged
- Ultra Compact
By Connectivity Type:
- Oil And Gas
- Metals And Mining
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- Technology investors
- Startup companies
- Consumer wearable manufacturers
- Research/Consultancy firms
- Private Equity groups
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