IoT Gateway Market Size is Projected to Reach US$ 3.03 Billion by 2027, Industry CAGR 13.56% | IMARC Group
According to the latest report by IMARC Group, titled “IoT Gateway Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the global IoT gateway market reached a value of US$ 1.42 Billion in 2021.Looking forward, IMARC Group expects the market to reach US$ 3.03 Billion by 2027, exhibiting at a CAGR of 13.56% during 2022-2027.
An IoT gateway, short for the Internet of Things gateway, serves as a centralized hub that connects sensors and other IoT devices to cloud-based computing and data processing systems. It allows for bidirectional data flow between the cloud and IoT devices, enabling seamless communication between them. These gateways are equipped with a computing platform that enables the installation of pre-installed or user-defined applications that help manage various aspects of the gateway, including device communication, data processing, security, and more. Additionally, IoT gateways assist in filtering data to extract valuable information, translating communication protocols between devices and mitigating security risks. They also facilitate the connection between different devices, streamlining the overall IoT ecosystem.
𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/iot-gateway-market/requestsample
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IoT Gateway Market Trends:
The rapid adoption of IoT gateway across the healthcare industry to remotely monitor patient health through connected medical solutions represents one of the primary factors driving the market growth. The recent COVID-19 outbreak has surged the utilization of IoT-connected platforms due to the quarantine mandated by governments to prevent the spread of the virus, which is acting as another factor accelerating the market growth. Moreover, the deployment of edge computing to overcome IoT connectivity challenges and the rapid adoption of IoT gateway across several industrial verticals due to its various advantages are boosting the market growth. Apart from this, the surging number of connected devices, increasing research and development (R&D) activities, and the advent of 5G technology are creating a positive outlook for the market.
IoT Gateway Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the IoT gateway market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ADLINK Technology Inc.
- Advantech Co. Ltd
- Cisco Systems Inc.
- Dell Technologies Inc.
- Eurotech
- Fujitsu Limited
- Hewlett Packard Enterprise Development LP
- Intel Corporation
- Mitsubishi Electric Corporation
- NXP Semiconductors N.V
- Siemens AG
- Super Micro Computer Inc.
Key Market Segmentation:
The report has segmented the IoT gateway market on the basis of component, connectivity type, end user and region.
Breakup by Component:
- Processor
- Sensor
- Memory and Storage Device
- Others
Breakup by Connectivity Type:
- Bluetooth
- Wi-Fi
- ZigBee
- Ethernet
- Cellular
- Others
Breakup by End User:
- Automotive and Transportation
- Healthcare
- Consumer Electronics
- BFSI
- Oil and Gas
- Aerospace and Defense
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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