Internet of Things (IoT) Gateways Market Synopsis

As per the analysis by Market Research Future Reports (MRFR), the global IoT gateways market is estimated to expand at a CAGR of 16.9% during the forecast period from 2018 to 2023. There has been a rise in the usage of connected devices at a global level. The development of networking technologies is the primary factor in augmenting market growth during the review period. Besides, the rising usage of wireless sensors in commercial and industrial applications is projected to be another factor for expanding the global IoT Node and Gateway Market 2022. The rising need for big data analytics to support a complicated network architecture in healthcare and other sectors are estimated to propel the demand for IoT gateways in the forthcoming period. The big data assists in analyzing sensor data and collects data for many industrial machines like turbines, oil refineries, and others.

Moreover, it assists in innovating new business models, service offerings, and products. The increasing demand for IoT, including smartwatches, increasing usage of wearable devices, fitness trackers and activity trackers, and increasing demand for personalized technology in consumer markets, are likely to propel the market during the forecast period. However, the expensive price of IoT gateway acts as a hurdle in the expansion of the market. Besides, the outbreak of COVID-19 has caused most of the operations to be compromised. The organizations are innovating ideas that may improve revenue.

Internet of Things (IoT) Gateways Market Opportunities

Continuous development in the industry offers attractive functionalities to the end-users. Especially, the custom-designed IoT devices which can monitor the air quality are crucial in the health care industry. The air quality sensors operated with the IoT environment have significantly improved the health condition of the patients in hospitals.

Internet of Things (IoT) Gateways MarketKey Players

The forefront players of global IoT gateways market are –

  • Huawei Technologies Co. Ltd. (China)
  • Siemens AG (Germany)
  • Fujitsu Ltd. (Japan)
  • Eurotech SPA (Italy)
  • Sierra Wireless, Inc. (Canada)
  • Cisco Systems, Inc., (U.S.)
  • NEC Corporation (Japan)
  • Hewlett Packard Enterprises Company (U.S.)
  • Mitsubishi Electric Corporation (Japan)
  • Dell Technologies (U.S.)
  • Toshiba Corporation (Japan)
  • Lantronix Inc. (U.S.)
  • Robert Bosch GmbH (Germany). 

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Internet of Things (IoT) Gateways Market Segmentation

The global IoT gateways market can be segregated on the basis of connectivity, type, component, node, application, and region.

Based on type:

  • Lightly rugged
  • rugged
  • compact
  • ultra-compact

Based on the component:

  • field-programmable gate array (FPGA),
  • microcontroller units (MCU)
  • sensor
  • memory card
  • others

Based on connectivity:

  • Bluetooth
  • Wi-Fi
  • ZigBee
  • Ethernet
  • Cellular
  • others

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Based on applications:

  • consumer electronics
  • building automation
  • automotive and transportation
  • wearable devices

Based on sectors:

  • healthcare
  • industrial
  • oil & gas
  • aerospace
  • defense
  • education
  • agriculture
  • BFSI
  • Government

Based on node:

  • Smartwatch
  • smart TV
  • actuator
  • camera
  • RADAR
  • thermostat
  • others

Internet of Things (IoT) Gateways Market Regional Analysis

On the basis of geographical analysis, Asia-Pacific, Europe, North America, and the Rest of the World (RoW have been studied. As per the analysis, the North American market is estimated to lead the IoT gateway market due to research and development on industry and academic levels is widening the application areas of IoT in several sectors like healthcare, consumer products, manufacturing, automotive and transportation, energy, and power. The U.S. plays a significant role in the expansion of the market. On the other side, the Asia-Pacific region is projected to be the fastest-growing region for the IoT gateway market due to an increase in investment in IoT by the organizations established in the region. The presence of the fastest evolving economies like India and China has played a considerable role in the growth of the market. The increasing implementation of IoT technology in the healthcare industry is likely to offer several opportunities to the APAC market for developed healthcare facilities.

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Major Points Covered in the Report:

  • The Internet of Things (IoT) Gateways research study offers a detailed investigation of the market prospects and the market revenues.
  • The geographical analysis portion of the Internet of Things (IoT) Gateways report offers data on product sales by volume and revenue by region. It provides new entrants, rising enterprises, and big players in the region with potential prospects.
  • It examines the global market’s current state, market trends, and potential. The research provides information on current and prospective industry trends in the Internet of Things (IoT) Gateways market.
  • It provides a detailed assessment of the global market’s Internet of Things (IoT) Gateways market trends. 

Report overview:

This report has covered:

  • Market overview
  • COVID 19 Analysis
  • Market dynamics
  • Cumulative growth analysis
  • Value chain analysis
  • Segment overview
  • Regional analysis
  • Competitive landscape
  • Recent developments

Table Of Content

1 Executive Summary

1.1 Prologue 15

2 Market Introduction

2.1 Definition 17

2.2 Scope Of The Study 17

2.3 List Of Assumptions 17

2.4 Market Structure 18

3 Research Methodology

3.1 Research Process 20

3.2 Primary Research 21

3.3 Secondary Research 22

3.4 Market Size Estimation 23

3.5 Forecast Model 23

4 Market Dynamics

Continued…

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