IoT Gateway Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

IoT (Internet of Things) is witnessing rapid adoption in diverse industry verticals across the globe. IoT gateways are considered as an essential component for carrying traditional as well as next-generation devices to the IoT. IoT gateways perform numerous functions, such as protocol translation, data filtering, device connectivity and security, among others. IoT gateways are devices or software programs which connects cloud and sensors, controllers, intelligent devices. All the data moving from or to the cloud goes through dedicated hardware or software, referred to as the IoT gateway.

MARKET DYNAMICS

Some of the major drivers propelling the growth of the IoT gateway market includes enhanced internet connectivity in technologically developing economies and rising IP address space as well as security solutions offered in IPv6. Further, the IoT gateways market is driven by the increasing adoption of connected devices worldwide. Although, complexity, as well as security and privacy concerns, acts as hindering factors to IoT gateway market. Also, the lack of communication standards and common protocols are challenging factors to the IoT gateway market.

MARKET SCOPE

The "Global IoT Gateway Market Analysis to 2031" is a specialized and in-depth study of the IoT Gateway industry with a special focus on the global market trend analysis. The report aims to provide an overview of IoT Gateway market with detailed market segmentation by node, connectivity, component, application and geography. The global IoT gateway market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IoT gateway market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global IoT Gateway market is segmented based on node, connectivity, component and application. By node, the IoT gateway market is classified into smart watch, RADAR, camera, thermostat, smart TV, actuator and others. On the basis of connectivity, the IoT gateway market is segmented into Wi-Fi, Bluetooth, Ethernet, Zigbee, z-wave and others. The market by component is categorized into processor, sensor, FPGA, memory and others. Further, by application, the market is segmented into healthcare, consumer electronics, building automation, automotive & transportation, industrial and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global IoT gateway market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The IoT gateway market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the IoT gateway market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and SAM after evaluating political, economic, social and technological factors affecting the IoT gateway market in these regions.

MARKET PLAYERS

The reports cover key developments in the IoT gateway market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from IoT gateway market are anticipated to lucrative growth opportunities in the future with the rising demand for IoT Gateway in the global market. Below mentioned is the list of few companies engaged in the IoT gateway market.

The report also includes the profiles of key IoT gateway companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.

•  AAEON Technology Inc.
•  Adlink Technology Inc.
•  Advantech Co., Ltd.
•  Cisco Systems, Inc
•  Dell Technologies Inc.
•  Eurotech S.P.A
•  Hewlett Packard Enterprise Co.
•  Huawei Technologies Co, Ltd
•  Nexcom International Co., Ltd.
•  NXP Semiconductors N.V.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

IoT Gateway Report Scope