IoT Gateway Market 2020-2025 | By Top Key Companies Cisco Systems Inc., Advantech Co. Ltd, Dell Inc., Microchip Technology Inc., Huawei Technologies Co. Ltd, Hewlett Packard Enterprise Development LP
The IoT gateway market is expected to register a CAGR of 12% during the forecast period 2020 - 2025.
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This report presents a comprehensive overview, market shares, and growth opportunities of IoT Gateway market by product type, application, key manufacturers and key regions and countries.
Top Key Players in the Global IoT Gateway Market: Cisco Systems Inc., Advantech Co. Ltd, Dell Inc., Microchip Technology Inc., Huawei Technologies Co. Ltd, Hewlett Packard Enterprise Development LP, Samsara Networks Inc., Eurotech Inc., ADLINK Technology Inc., Kontron S&T AG.
IoT gateways play a crucial role in supporting sensors and devices to connect to an intermediary source that aggregates data and then sends it off for further processing and analysis. Over the next five years, edge deployments will become a key component of IoT integration and working with connected devices. Edge Computing is specifically designed to overcome the challenges of IoT connectivity. Users will be able to connect simple devices and sensors directly to an edge ecosystem, given that the edge network is close enough and can support the user's requirements. Further, edge and 5G can act as the new IoT Gateway, where the systems are designed for supporting connected devices and M2M communication and are capable of advanced data ingestion and processing.
- Growth of application-specific MCUs and flexible Soc-type designs is driving the market. Many IoT applications tend to handle sensitive data. Such as data used for billing, for example, needs to be protected from cyber hacking. Similarly, medical devices need to maintain the privacy of individuals. Currently, OEMs need an uncomplicated way to introduce connectivity to both new and existing designs. To facilitate the accelerated design of both simple and embedded control gateways, a player such as TI offers the TM4C129x family of IoT MCUs. The TM4C129x MCUs simplify IP connectivity for gateways by integrating several key technologies. With its hardware-based cryptographic acceleration and TLS/SSL stack, the TM4C129x MCUs enable OEMs to implement robust security mechanisms with low overhead to minimize threats and maximize data protection.
- Further, building electronic circuits within a system-on-chip (SoC) has benefits such as improving compatibility and efficiency while reducing space requirements and speed of development. IoT with SoC, including wireless technology, helps to prevent implementation challenges such as network incompatibility, integration, and reliability issues. Chip manufacturers are producing SoCs with different types of inbuilt network connectivity technologies. These conform to various commonly used wireless protocols such as Bluetooth, ZigBee, Wi-Fi, etc. Players such as STMicroelectronics has introduced a LoRa system-on-chip (SoC) named STM32WLE5 in January 2020, for connecting smart devices to the IoT using long-distance wireless connections. The SoC is designed for allowing product developers to create devices like remote environmental sensors, meters, trackers, and process controllers to help manage energy and resources efficiently.
- The emerging development of smart cities drives the market. Many cities are challenged by aging infrastructure, increased air pollution and traffic congestion, spiraling energy prices, and scarcity of natural resources. According to the Consumer Technology Association, the worldwide spending on smart city development is expected to reach USD 34.35 billion, by 2020. While using low-power wireless technologies, IoT gateways can communicate with hundreds of sensors in a given area. With its proven reliability, simple deployment, and omnipresent reach, cellular is an ideal technology to connect IoT applications.
The report offers in-depth assessment of the growth and other aspects of the IoT Gateway market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America and Europe have Emerged as the most Prominent Regions
- By geography, North America and Europe claimed the highest contribution in the market in 2019, owing to high awareness existing among consumers about hand hygiene.
- However, this scenario is expected to alter in the forecast period as Asia-Pacific, which has also been strongly hit by COVID-19 since the beginning of 2020, recorded strong sales growth of sanitizers, wherein disinfection became one of the most common measures to interrupt viral transmission.
- According to the WHO, some of the markets that are most strongly hit by COVID-19 include the European region, with countries, such as Italy and Spain; the Western Pacific region, with countries, such as China and South Korea; and lastly, the Americas, with the United States and Canada being the majorly impacted countries.
- Although the demand for IoT Gateways has increased in all regions around the world, Europe, Asia-Pacific, and North America are expected to hold the highest market shares, primarily due to increased long-term change in consumer habits toward hand hygiene products.
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Influence of the IoT Gateway Market report:
-Comprehensive assessment of all opportunities and risks in the IoT Gateway Market.
-IoT Gateway Market recent innovations and major events.
-A Detailed study of business strategies for the growth of the IoT Gateway Market-leading players.
-Conclusive study about the growth plot of IoT Gateway Market for forthcoming years.
-In-depth understanding of IoT Gateway Market -particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the IoT Gateway Market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global IoT Gateway Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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