Industrial IoT Adoption Propels IoT Gateway Solutions to New Heights

Global IoT (Internet of Things) gateway market is anticipated to grow at a significant CAGR of 17.3% during the forecast period (2024-2031). The market growth is mainly attributed to the growing adoption of IoT devices across various industries, the surge of the necessity of secure data transmission, and the demand for edge computing capabilities. More and more companies apply IoT gateway solutions into their day-to-day operations and rely on real-time data analytics and decision-making, so the need for enhanced IoT gateway solutions continues to rise.

Browse the full report description of “IoT Gateway Market Size, Share & Trends Analysis Report by Component (Processor, Sensor, and Memory and Storage Device) by Connectivity (Bluetooth, Wi-Fi, ZigBee, Ethernet, and Cellular) by End-User (Automotive and Transportation, Healthcare, Industrial, Consumer Electronics, BFSI, Oil and Gas, Retail, and Aerospace and Defense) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/iot-gateway-market

According to the International Data Corporation (IDC), organizations are continuing to connect their internal processes across roles on a digital platform, and by 2025, there will be 55.7 billion connected IoT devices (or things), producing nearly 80 billion zettabytes (ZB) of data. These same industry organizations are realizing the importance of expanding their ecosystems to meet market and customer demand and be more flexible and resilient. Furthermore, IDC predicts that, by 2021, more than 60.0% of G2000 companies will rely heavily on digital technology, and by 2023, nearly 80.0% of these companies will be in some industries. This will result in a significant rise in the amount of data that moves between companies across industry ecosystems.

Recent developments-

• In November 2023, Huawei Technologies launched its new 5G capable IoT gateway known as the AR502H series to support high-speed, low-latency communication for smart city applications and industrial automation.

• In June 2023, Advantech officially launched IoTMart International, a pioneering cross-border e-commerce platform. It is a new online business service apart from the existing distribution model by Advantech. IoTMart International is aimed at the needs of different customer segments focusing on small to medium-sized customers and other buyers.

• In February 2023, HARDWARIO launched its new CHESTER-V1 expansion module for the CHESTER IoT gateway at the IoT Solutions World Conference in Barcelona. The CHESTER-V1 module lets the customers connect the CHESTER IoT gateway to the Astrocast satellite network.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Component

o By Connectivity

o By End-Users

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corp., Intel Corp. and Siemens AG among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global IoT Gateway Market Report Segment

By Component

• Processor
• Sensor
• Memory and Storage Device

By Connectivity

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

By End-User

• Automotive and Transportation
• Healthcare
• Industrial
• Consumer Electronics
• BFSI
• Oil and Gas
• Retail
• Aerospace and Defense

Global IoT Gateway Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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