IoT Gateways Market Analysis Report | Intel Corporation, Mitsubishi Electric Corporation, NXP Semiconductors, Arm Limited, Cisco, Hewlett Packard Enterprise Development LP, TE Connectivity

Global IoT Gateways Market is expected to reach USD 21.5 billion by 2026 from USD 7.3 billion in 2018 and is projected to grow at a CAGR of 14.4% in the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

An Internet of Things (IoT) gateway is a physical device or software program that serves as the connection point between the cloud and controllers, sensors and intelligent devices. All data moving to the cloud, or vice versa, goes through the gateway, which can be either a dedicated hardware appliance or software program. An IoT gateway may also be referred to as an intelligent gateway or a control tier. Some sensors generate tens of thousands of data points per second. A gateway provides a place to preprocess that data locally at the edge before sending it on to the cloud. When data is aggregated, summarized and tactically analyzed at the edge, it minimizes the volume of data that needs to be forwarded on to the cloud, which can have a big impact on response times and network transmission costs. Another benefit of an IoT gateway is that it can provide additional security for the IoT network and the data it transports. Because the gateway manages information moving in both directions, it can protect data moving to the cloud from leaks and IoT devices from being compromised by malicious outside attacks with features such as tamper detection, encryption, hardware random number generators and crypto engines.

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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

Major Market Competitors IOT Gateway Market:
• Intel Corporation
• Mitsubishi Electric Corporation
• NXP Semiconductors
• Arm Limited
• Cisco
• Hewlett Packard Enterprise Development LP
• TE Connectivity
• STMicroeletcronics
• Advantech Co
• Dell
• EUROTECH
• AAEON
• ADLINK Technology Inc.
• NEXCOM International Co
• Microchip Technology Inc.
• Notion Labs, Inc.
• Samsara and Estimote

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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.

Crucial Developments in the Market:
• In 2018, Bosch launched an IoT data management service, which enabled in providing service that receives every data and store it initially in a raw format with FTP and HTTP interface. It also analyzes the data with the help of MongoDB and NoSQL that visualizes the user-defined dashboards.
• In 2018, Etisalat Digital launched an IoT (Internet of Things) gateway solution that used in beneficial for vending machines, payment kiosks, traffic lights, radars, digital signage and smart metering.

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Market Segmentation:
• By Node,
o Smart Watch
o Camera
o RADAR
o Thermostat
o Actuator
o Smart TV
o Others
• By Connectivity Technology,
o Bluetooth
o Wi-Fi
o ZigBee
o Ethernet,
o Z-Wave
o Others
• By Component,
o MCU
o FPGA
o Sensor
o Memory
o Others
• By Application,
o Wearable Devices,
o Healthcare,
o Automotive & Transportation,
o Building Automation,
o Industrial,
o Consumer Electronics.
• By Geography
o North America
 US
 Canada
 Mexico

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