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 inform...