Global IoT Gateways Market is expected to reach USD 21.5 billion by 2026 from USD 7.3 billion and is projected to grow at a CAGR of 14.4% in the forecast period of 2020 to 2026. IoT gateway is a physical device that enables software program which serves as a connection point between controllers, sensors, clouds and intelligent devices. The IoT gateways structures are in the shape of building blocks which increases the wireless sensing application in IoT module.
Major Market Competitors/Player: Global IoT Gateways Market
The renowned players in IoT gateways market are Intel Corporation, Mitsubishi Electric Corporation, NXP Semiconductors, Arm Limited, Cisco, Hewlett Packard Enterprise Development LP, TE Connectivity, STMicroeletcronics, Advantech Co., Ltd., Dell, EUROTECH, AAEON, ADLINK Technology Inc., NEXCOM International Co., Ltd., Microchip Technology Inc., Notion Labs, Inc., Samsara and Estimote, Inc.
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The network of edge analytics data and repository are flow securely in between the clouds and devices of the IoT gateways. IoT gateways offer several functions such as device connectivity, security, data filtering, and protocol transaction. The gateways are configured with service providers, NaaS providers and CSPs which is functional for interconnected mesh of heterogeneous devices located across varied geographical regions.
Segmentation: Global IoT Gateways Market
- By Node (Smart Watch, Camera, RADAR, Thermostat, Actuator, Smart TV, Others)
- By Connectivity Technology (Bluetooth, Wi-Fi, ZigBee, Ethernet, Z-Wave, Others)
- By Component (MCU, FPGA, Sensor, Memory Others)
- By Application (Wearable Devices, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis: Global IoT Gateways Market
The global IoT gateways market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of IoT gateways market for global, Europe, North America, Asia Pacific and South America.
Market Drivers:
- Increasing demand in providing security in IPv6.
- Growing demand in building automation system.
- Research and development took place to improve the local area networks (LANs) and wide area networks (WANs).
- Rising demand in manufacturing miniaturization processors.
Market Restraints:
- Distortion due to complex network architecture.
- Lack of security and privacy of user data.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved.
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Related Reports:
OverviewThe IoT gateways market is projected to grow at a CAGR of 16.9% during the forecast period 2018 to 2023.
As per the IoT gateways market research report, the global market for IoT gateways is anticipated to grow rapidly.
The IoT gateways market research report by expert analysts is intended to help companies in the IoT gateways market.Market SegmentationThe global IoT Gateways Market Size has been segmented based on application, component, connectivity, node, region, and gateway type.
The IoT gateways market research report offers crucial details about the IoT gateways market based on the data and forecasts till 2023.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2956Regional OverviewNorth America, Europe, Asia Pacific and the rest of the world regional market for IoT gateways are primarily covered in the global IoT gateways market research report.
The IoT gateways market research report also covers the regional market for IoT gateways spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc.
The IoT gateways market research report further explores other regional markets from the rest of the world including IoT gateways markets of the Middle East and Africa.
Internet of Things (IoT) Gateways Market SynopsisAs 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 gateways market 2020.
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.
Besides, the outbreak of COVID-19 has caused most of the operations to be compromised.
Global IoT Gateways Market Information: by Type (Lightly Rugged), Component (MCU, FPGA), Connectivity (Wi-Fi, Bluetooth), Application (Wearable Devices, Healthcare), Node (Smartwatch, Actuator), and Region – Global Forecast Till 2027Market OverviewAn IoT component or Internet of Things system is one that consists of interconnected computer devices programmed to achieve a common goal.
These machines communicate through data transfers without human intervention.
This phenomenon, in turn, facilitates the connection of multiple computers over a network.
Advances in networking solutions facilitate IoT Gateways Market Growth further over the forecast period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2956The IoT Gateways Market Scope also has bright prospects in the future because there is a need for robust network architecture in different industries.
The use of wireless sensors in the commercial and domestic arena is also a factor in the Global IoT Gateways Market growth.
The segments of IoT applications define the type of technology working behind the gateways.Regional OverviewThe major regions of the Global IoT Gateways Market are North America, Asia Pacific, Europe, and the Rest of the World.
