Press release
IOT-Internet of things Gateway Market is expected to reach USD 21.5 billion by 2026 A report by Intel, Mitsubishi, Cisco, Hewlett Packard, Dell, Microchip and
Market Analysis:-
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.
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Major Companies Operating in IOT Gateway Market:
•Intel Corporation
•Mitsubishi Electric Corporation
•NXP Semiconductors
•Arm Limited
•Cisco
•Hewlett Packard Enterprise Development LP
•TE Connectivity
•STMicroeletcronics
•Advantech
•Dell
•EUROTECH
•AAEON
•ADLINK Technology
•NEXCOM International
•Microchip Technology
•Notion Labs
•Samsara and Estimote
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Market Drivers & Restraints:
• 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.
• Distortion due to complex network architecture.
• Lack of security and privacy of user data.
Segmentation: Global IoT Gateways Market
Node
• Smart Watch
• Camera
• RADAR
• Thermostat
• Actuator
• Smart TV
Connectivity Technology,
• Bluetooth
• Wi-Fi
• ZigBee
• Ethernet
• Z-Wave
Component
• MCU
• FPGA
• Sensor
• Memory
Application
• Wearable Devices
• Healthcare
• Automotive & Transportation
• Building Automation
• Industrial
• Consumer Electronics
Geography
• North America
• South America
• Rest of South America
• Europe
• United Kingdom
• Asia-Pacific
• Middle East and Africa
• South Africa
Competitive Analysis:
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.
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