IoT Gateway Market
Global IoT Gateway Market Size, Share & Trends Analysis Report by Component (Processor, Sensor, Memory and Storage Device) by Connectivity (Bluetooth, Wi-Fi, ZigBee, Ethernet, Cellular) by End User (Component (Processor, Sensor, Memory and Storage Device) by Connectivity (Automotive and Transportation, Healthcare, Industrial, Consumer Electronics, BFSI, Oil and Gas, Retail, Aerospace and Defense) Forecast 2022-2028
The global IoT gateway market is anticipated to grow at a significant CAGR of 17.33% during the forecast period. The IoT market is anticipated to grow at a steady rate, the growth is mainly driven by increasingly ubiquitous, cheaper sensors that convert the physical data to digital content, and the connectivity of devices, services, and systems. Moreover, the IoT services are largely used among various end-user verticals, such as manufacturing, oil and gas, and the government sector. The IoT focused on delivering cost savings from fuel energy, and labour. The broad application and the availability of cheaper sensors lead to higher growth of the global IoT market during the forecast period. Moreover, various learning programs launched by the government, and huge expenditures spent on the IT sector, are expected to boost the market growth. For instance, according to IBEF, India’s IT and business service market is projected to reach $19.93 million by 2025, and in the Union Budget 2022-23, the allocation of amount for IT and telecom sectors by the government stood at $11.58 billion.
The government of India takes several steps to push the adoption of emerging 5G technologies with innovative initiatives such as digital India, make in India, and smart cities projects, which provides a lucrative opportunities to market players.
Impact of COVID-19 Pandemic on Global IoT Gateway Market
The COVID-19 pandemic has had a positive impact on the global IoT gateway market. During the lockdown situation, the individuals are locked at home or working remotely and are highly using digital tools and technologies whether it be Social Media Platforms like linden or Instagram, Communication Apps like Zoom or Microsoft Teams, and Cloud Software, to continue jobs and business. And this eventually increased the demand and usage of IoT. Moreover, the IoT gateway provides the tools and technologies such as ed-tech like AI and ML, and AR & VR for students to make their learning better during the COVID-19 pandemic. Owing to the rising demand for IoT, and various tools and techniques provided during the pandemic, the market was grown at a significant rate during the COVID-19 pandemic.
Segmental Outlook
The global IoT gateway market is segmented on the basis of component, connectivity, and end-user. Based on component the market is bifurcated into processor, sensor, and memory and storage device. Based on connectivity, the market is sub-segmented into blue tooth, Wi-Fi, zigbee, ethernet, cellular. Based on end-user, the market is sub-divided into automotive and transportation, healthcare, industrial, consumer electronics, BFSI, oil and gas, retail, aerospace and defense. Based on connectivity, the Bluetooth segment is expected to grow at the fastest rate, owing to high-end characteristics such as low battery consumption, faster data transfer, and high-end encryption for device pairing. The above characteristics augmented the growth of the Bluetooth segment.
Global IoT Gateway Market Share by End User, 2021 (%)
Automotive and transportation Segment shows a Considerable Growth during the Forecast Period
The automotive and transportation segment shows a higher growth in the global IoT gateway market. Growth is mainly augmented due to its key application of IoT in the transport industry, such as fleet management, vehicle to vehicles, vehicle infrastructure communication, and self-driving vehicles. The IoT-infused cars control the vehicle's operations to avoid accidents and reduce the load from the driver. Additionally, the market players are collaborating to offer a range of services to their customers. For instance, in December 2021, NXP Semiconductors N.V. announced a strategic partnership with Foxconn Industrial Internet Ltd, to transform the car into the ultimate edge device. NXP strengthens the development blueprint of FII and drives innovation for connected cars by leveraging NXP’s automotive technology. Hence, owing to its wider applications, and key players initiatives enhance the growth of the automotive and transportation segment during the forecast period.
Regional Outlooks
The global IoT gatewaymarket is further segmented based on geography including North America (The US, and Canada Europe (Italy, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The European region is anticipated to grow at the fastest rate, owing to its presence of various IT market players, and government spending on the IT and telecom sector. Above mentioned factors boost the growth of the market in the region.
Global IoT GatewayMarket Growth, by Region 2021-2028
North America Region is Proved to be the Largest Region for Global IoT Gateway Market
The North American region shows a higher growth rate in the global IoT gateway market. Owing to the larger presence of healthcare centers, and automotive and transportation industry, that requires IoT to arrange data, and IoT aids in providing instruction to the driver. Moreover, advancement in the research and development in the IoT to develop cheaper and affordable devices is one of the key factors contributing to the progress of the IoT gateway in the North American region. New product developments and launches by market players are further aid in market growth. For instance, in April 2021, Exosite LLC announced a partnership with Eurotech. The collaboration combines Exosite’s ExoSense remote monitoring application with Eurotech’s industrial IoT edge hardware, which provides an end-to-end remote monitoring solution. Remote monitoring provides valuable data that is used to optimize processes, reduce equipment downtime, and increase quality.
Market Players Outlook
The major companies serving the global IoT gateway ADLINK Technology Inc., Cisco, Intel Corp., Mitsubishi Electric Automation Inc., Texas Instrument, Huawei Technologies Co. Ltd., Lantronix, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2022, Defense Bharat Electronics Ltd. entered into a contract with Hyperion Global Group, to manufacture and supply Internet of Things (IoT) devices for the US market. As per the contract, BEL manufactures and supplies IoT devices worth $73 million to Hyperion, and delivers IoT devices in the next five years. Hyperion accomplishes this by implementing a six-phase strategy to meet the customer demand.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global IoT gateway market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Iot Gateway Market
• Recovery Scenario Of Global Iot Gateway Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. ADLINK Technology Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Cisco
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Intel Corp.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.3.5. Recent Developments
3.1.4. Mitsubishi Electric Automation Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.4.5. Recent Developments
3.1.5. Texas Instrument
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.1.5.5. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Iot Gateway Market by Component
4.1.1. Processor
4.1.2. Sensor
4.1.3. Memory and Storage Device
4.2. Global Iot Gateway Market by Connectivity
4.2.1. Bluetooth
4.2.2. Wi-Fi
4.2.3. ZigBee
4.2.4. Ethernet
4.2.5. Cellular
4.3. Global Iot Gateway Market by End User
4.3.1. Automotive and Transportation
4.3.2. Healthcare
4.3.3. Industrial
4.3.4. Consumer Electronics
4.3.5. BFSI
4.3.6. Oil and Gas
4.3.7. Retail
4.3.8. Aerospace and Defense
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Aaeon
6.2. Advantech Co., Ltd
6.3. Arm
6.4. Cradlepoint
6.5. Embitel
6.6. Eurotech S.P.A
6.7. Helium Inc.
6.8. Hewlett Packard Enterprise Co.
6.9. Hirschmann
6.10. Huawei Technologies Co. Ltd
6.11. Lantronix, Inc
6.12. Microchip Technology Inc.
6.13. Nexcom
6.14. NXP semiconductors
6.15. Phoenix Contact
6.16. STMicroelectronics
6.17. Super Micro Computer, Inc.
1. GLOBAL IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL PROCESSOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SENSOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MEMORY AND STORAGE DEVICE IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY CONNECTIVITY, 2021-2028 ($ MILLION)
6. GLOBAL BLUETOOTH FOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
7. GLOBAL WI-FI IOT GATEWAY FOR MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
8. GLOBAL ZIGBEE FOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
9. GLOBAL ETHERNET FOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
10. GLOBAL CELLULAR FOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
11. GLOBAL IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
12. GLOBAL IOT GATEWAY AVAILABLE FOR AUTOMOTIVE AND TRANSPORTATION MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
13. GLOBAL IOT GATEWAY AVAILABLE FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
14. GLOBAL IOT GATEWAY AVAILABLE FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
15. GLOBAL IOT GATEWAY AVAILABLE FOR CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
16. GLOBAL IOT GATEWAY AVAILABLE FOR BFSI MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
17. GLOBAL IOT GATEWAY AVAILABLE FOR OIL AND GAS MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
18. GLOBAL IOT GATEWAY AVAILABLE FOR RETAIL MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
19. GLOBAL IOT GATEWAY AVAILABLE FOR AEROSPACE AND DEFENSE MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
20. NORTH AMERICAN IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028($ MILLION)
21. NORTH AMERICAN IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY COMPONENT,2021-2028($ MILLION)
22. NORTH AMERICAN IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY CONNECTIVITY, 2021-2028($ MILLION)
23. NORTH AMERICAN IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028($ MILLION)
24. EUROPEAN IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028($ MILLION)
25. EUROPEAN IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY COMPONENT,2021-2028($ MILLION)
26. EUROPEAN IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY CONNECTIVITY, 2021-2028($ MILLION)
27. EUROPEAN IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028($ MILLION)
28. ASIA-PACIFIC IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028($ MILLION)
29. ASIA-PACIFIC IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY COMPONENT,2021-2028($ MILLION)
30. ASIA-PACIFIC IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY CONNECTIVITY,2021-2028($ MILLION)
31. ASIA-PACIFIC IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY END USER,2021-2028($ MILLION)
32. REST OF THE WORLD IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028($ MILLION)
33. REST OF THE WORLD IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY COMPONENT,2021-2028($ MILLION)
34. REST OF THE WORLD IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY CONNECTIVITY,2021-2028($ MILLION)
35. REST OF THE WORLD IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY END USER,2021-2028($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL IOT GATEWAY MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL IOT GATEWAY MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL IOT GATEWAY MARKET, 2021-2028(%)
4. GLOBAL IOT GATEWAY MARKET SHARE BY COMPONENT, 2021-2028(%)
5. GLOBAL PROCESSOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
6. GLOBAL SENSOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
7. GLOBAL MEMORY AND STORAGE DEVICE IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
8. GLOBAL IOT GATEWAY MARKET SHARE BY CONNECTIVITY, 2021-2028(%)
9. GLOBAL BLUETOOTH FOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
10. GLOBAL WI-FI FOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
11. GLOBAL ZIGBEE FOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
12. GLOBAL ETHERNET FOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
13. GLOBAL CELLULAR FOR IOT GATEWAY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
14. GLOBAL IOT GATEWAY MARKET SHARE BY END USER, 2021-2028(%)
15. GLOBAL IOT GATEWAY AVAILABLE FOR AUTOMOTIVE AND TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
16. GLOBAL IOT GATEWAY AVAILABLE FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
17. GLOBAL IOT GATEWAY AVAILABLE FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
18. GLOBAL IOT GATEWAY AVAILABLE FOR CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
19. GLOBAL IOT GATEWAY AVAILABLE FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
20. GLOBAL IOT GATEWAY AVAILABLE FOR OIL AND GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
21. GLOBAL IOT GATEWAY AVAILABLE FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
22. GLOBAL IOT GATEWAY AVAILABLE FOR AEROSPACE AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
23. US IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
24. CANADA IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
25. UK IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
26. GERMANY IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
27. SPAIN IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
28. FRANCE IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
29. ITALY IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
30. REST OF EUROPE IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
31. INDIA IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
32. CHINA IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
33. JAPAN IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
34. REST OF ASIA-PACIFIC IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
35. REST OF WORLD IOT GATEWAY MARKET SIZE, 2021-2028($ MILLION)
