Market Highlights:
The global IoT gateways market is perceiving its heydays enjoying the augmented demand from various industry verticals like healthcare, retail, O&G, and manufacturing among others. Off late, costs of connected devices have significantly dropped down, thanks to the increasing adoption of BYOD and mobile devices that have raised the development of wireless networking technologies. All these factors have commutatively provided impetus for the growth of the IoT gateways market globally.
According to MRFR, global IoT gateway market is expected to reach USD 15.59 billion by 2023, at a CAGR of 16.9% during the forecast period. Major factor driving the IoT gateway market is growing demand for connected devices and increasing use of wireless sensors and its network. Moreover, increase in internet connectivity, uninterrupted increase in requirement of smartphones and other related devices are some of the major factors propelling the growth of IoT gateway market. However, high implementation costs of IoT gateway is restraining the growth of this market.
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Major Key Players:
- Samsara (U.S.),
- Hewlett Packard Enterprise Company (U.S.),
- Cisco Systems, Inc. (U.S.),
- Huawei Technologies Co. Ltd. (China),
- Advantech B+B Smartworx (U.S.),
- Bitrective AS (Norway),
- Advantech Corporation (Taiwan),
- Eurotech (Italy),
- Sierra Wireless (Canada),
- Volansys Technologies Pvt. Ltd. (U.S.)
According to MRFR, The global IoT gateways market is expected to grow at approx. USD 9 Billion by 2023, at 14% of CAGR between 2017 and 2023.
Industry/Innovation/Related News:
September 20, 2018 – Kerlink (France) a leading Communications equipment company introduced the Wirnet iBTS 64 Highway carrier-grade gateway for public and private IoT networks. The Wirnet iBTS 64 Highway leverages a patent-protected modular architecture to provide unmatched functionality and operational convenience.
The new IoT gateway is easy to integrate and maintain, while also offering superior performance built-in cavity duplexers to ensure outstanding interference rejection while granting full availability and scalability even in intensive smart-city and smart-industry deployments.
April 18, Etisalat digital launches an IoT gateway solution to connect enterprise and government remote assets in real time
Etisalat Digital launched IoT gateway solution to connect customers’ remote organizational assets securely to the enterprise network, giving them flexibility and efficiency in managing their connected assets. Etisalat Digital’s IoT gateway solution is expected to offer businesses an opportunity to purchase rugged routers to support their IoT deployments, the solution includes best in class M2M managed connectivity.
April 18, Litmus Automation and NEXCOM to offer joint IoT gateway solution
Litmus Automation, an Industrial Internet of Things (IIoT) platform provider, partnered with Nex Computers, an Industry 4.0 Total Solution provider, to couple Litmus LoopEdge gateway software with the NEXCOM IoT Gateway Solution. With this partnership, customers can purchase a NEXCOM IoT Gateway with LoopEdge for a cloud-ready IoT solution that is expected to integrate critical hardware and software components.
Feb 18, New Kontron industrial computer platform for IoT gateway applications
Kontron, a leading global provider of IoT/Embedded Computing Technology (ECT) introduced KBox A-250 with Single Board Computer (SBC) and communications interfaces for IoT applications. The compact KBox A-250 is expected to offer numerous interfaces to connect various layers of communication and is expected to run quickly and easily, making it suitable for OEM manufacturers and systems integrators aiming to leverage the full potential of next generation intelligent infrastructure in IoT environments.
Regional Analysis
The regional analysis of IoT Gateway market is studied for North America, Europe, Asia-Pacific and rest of the world. North America is expected to dominate the IoT Gateway market owing to increased research and development in the field of Internet of Things and improved lifestyle in this region. Moreover, research and development at both academic and industry levels is broadening the application areas of the Internet of Things in different industries such as consumer products, energy & power, manufacturing, automotive & transportation, and healthcare, especially in the US. Asia-Pacific is expected to be the fastest growing region for IoT gateway market owing to rise in investment in IoT by companies in this region. Moreover, increasing integration of IoT technology into healthcare is also expected to offer opportunities to the Asia-Pacific market for advanced healthcare in terms of decentralization, democratization and digitization of data.
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Intended Audience
- Technology investors
- Startup companies
- Consumer wearable manufacturers
- Research/Consultancy firms
- Private Equity groups
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