IoT Gateway Market Global Market Estimated to Perceive Accrued Value with a Staggering CAGR

Pune, India, September, 2018/MRFR Press Release/- Market Research Future published a cooked research report on “Global IoT Gateway Market - Forecast to 2023” Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

The prominent players in the IoT gateway market are - Eurotech (Italy), Samsara (US), Hewlett Packard Enterprise Company (US), Cisco Systems, Inc. (US), Huawei Technologies Co. Ltd. (China), Sierra Wireless (Canada), Bitrective AS (Norway), Advantech Co., Ltd. (Taiwan), Advantech B+B Smartworx (US), Volansys Technologies Pvt. Ltd. (US) and others, are profiled in Market Research Future analysis and are at the forefront of competition in the global IoT gateway market.  

IoT Gateway Market Global Market - Overview

An Internet of Things (IoT) gateway is a physical device that act as the connection point between the cloud and controllers, sensors and intelligent devices. IoT gateway performs several critical functions such as device connectivity, protocol translation, data filtering and processing, security and data updating. The demand of big data analytics enhances the demand for IoT gateway in the market, as big data helps analysing sensor data and starts data collection for many of the industrial machines, such as oil refineries, turbines and others. Additionally, it helps organizations in optimizing their business decisions and innovating new business models, products, and service offerings.

According to MRFR, global IoT gateway market is expected to reach USD 15.59 billion by 2023, at a CAGR of 16.9% during the forecast period. Major factor driving the IoT gateway market is growing demand for connected devices and increasing use of wireless sensors and its network. Moreover, increase in internet connectivity, uninterrupted increase in requirement of smartphones and other related devices are some of the major factors propelling the growth of IoT gateway market. However, high implementation costs of IoT gateway is restraining the growth of this market.

Wearable devices are expected to contribute largest revenue to the IoT gateway market during the forecast period. Growing acceptance of Internet of Things, rising endorsement of wearable devices, including smart watches, fitness trackers & activity trackers, and growing demand for personalized technology in consumer markets are expected to fuel the IoT gateway market during forecast period. Growing investment in IoT by companies and developers in Asia-Pacific is likely to support the growth of IoT gateway market. Government of different countries are taking initiatives which in turn is enhancing the IoT gateway market. For instance, declaration of the vision of more than 100 smart cities by Indian government is one among these initiatives. The integration of IoT technologies in healthcare industry significantly influences healthcare solutions and helps in improving the reliability of operations. Many manufacturers have shifted their focus toward measurable outcomes. Advanced gateway platforms such as Comcast's xFi providess enhanced connectivity among Internet devices by facilitating secure data exchange in the ecosystem. This results in effective solution delivery for the distribution and monetization of new products and services. HARMAN IoT gateway by Samsung, delivers improved asset utilization, reduced operational expenses, just-in-time inventory management, elevated customer experience (near store, in-store, post purchase) for various verticals, including manufacturing, building management, healthcare, retail and smart home users.

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Industry News

April 18, Etisalat digital launches an IoT gateway solution to connect enterprise and government remote assets in real time

Etisalat Digital launched IoT gateway solution to connect customers’ remote organizational assets securely to the enterprise network, giving them flexibility and efficiency in managing their connected assets. Etisalat Digital’s IoT gateway solution is expected to offer businesses an opportunity to purchase rugged routers to support their IoT deployments, the solution includes best in class M2M managed connectivity.

April 18, Litmus Automation and NEXCOM to offer joint IoT gateway solution

Litmus Automation, an Industrial Internet of Things (IIoT) platform provider, partnered with Nex Computers, an Industry 4.0 Total Solution provider, to couple Litmus LoopEdge gateway software with the NEXCOM IoT Gateway Solution. With this partnership, customers can purchase a NEXCOM IoT Gateway with LoopEdge for a cloud-ready IoT solution that is expected to integrate critical hardware and software components.

Feb 18, New Kontron industrial computer platform for IoT gateway applications

Kontron, a leading global provider of IoT/Embedded Computing Technology (ECT) introduced KBox A-250 with Single Board Computer (SBC) and communications interfaces for IoT applications. The compact KBox A-250 is expected to offer numerous interfaces to connect various layers of communication and is expected to run quickly and easily, making it suitable for OEM manufacturers and systems integrators aiming to leverage the full potential of next generation intelligent infrastructure in IoT environments.

Oct 17, New Axiomtek industrial IoT gateway enables fast connection to the cloud

Axiomtek launched a new industrial IoT gateway, ICO120-83D, to simplify device-to-cloud connections and accelerate industrial IoT development. It is specifically designed for smart energy and smart automation fields that need to collect and transfer data from large numbers of end devices.

IoT Gateway Market Global Market - Segmentation

Segmentation by gateway type: lightly rugged, rugged, compact and ultra-compact

Segmentation by component: MCU, FPGA, sensor, memory card and others

Segmentation by connectivity: Bluetooth, Wi-Fi, ZigBee, ethernet, cellular and others

Segmentation by application: wearable devices, healthcare, automotive and transportation, building automation, industrial, consumer electronics and others

Segmentation by node: smartwatch, camera, RADAR, thermostat, actuator and smart tv

Segmentation by region: North America, Europe, Asia-Pacific and rest of the world.

IoT Gateway Market Global Market -

Regional Analysis

The regional analysis of IoT Gateway market is studied for North America, Europe, Asia-Pacific and rest of the world. North America is expected to dominate the IoT Gateway market owing to increased research and development in the field of Internet of Things and improved lifestyle in this region. Moreover, research and development at both academic and industry levels is broadening the application areas of the Internet of Things in different industries such as consumer products, energy & power, manufacturing, automotive & transportation, and healthcare, especially in the US. Asia-Pacific is expected to be the fastest growing region for IoT gateway market owing to rise in investment in IoT by companies in this region. Moreover, increasing integration of IoT technology into healthcare is also expected to offer opportunities to the Asia-Pacific market for advanced healthcare in terms of decentralization, democratization and digitization of data.