IoT Gateways Market: Applications Growth Provided by Leading Companies that are Siemens AG, Eurotech SPA, Sierra Wireless, Lantronix Inc and Many Others

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.

Competitive Dashboard:

Some of the major players participating in the global IoT gateways market are Huawei Technologies Co. Ltd. (China), Siemens AG (Germany), Fujitsu Ltd. (Japan), Eurotech SPA (Italy), Cisco Systems, Inc., (U.S.), Sierra Wireless, Inc. (Canada), Hewlett Packard Enterprises Company (U.S.), Mitsubishi Electric Corporation (Japan), NEC Corporation (Japan), Toshiba Corporation (Japan), Lantronix Inc. (U.S.), Dell Technologies (U.S.), and Robert Bosch GmbH (Germany).

Get Free Sample at:
https://www.marketresearchfuture.com/sample_request/2956

Acknowledging the exponential traction and accruals the IoT gateways market is enjoying currently market research future (MRFR) in its recently published study report asserts that the global IoT gateways market is projected to garner accruals of USD 9 Bn. approximately by 2023 at a double-digit CAGR of approx. 14% during the forecast period 2020-2023.

Additional factors substantiating the market growth include the demand for the secure data exchange, the proliferation of the Internet and connected devices.

The reliability on connected devices for the growth of an organization is anticipated to drive the growth of the IoT gateways market over the next couple of years. Furthermore, the increasing demand for automation in construction and other end-user industries is forecasted to boost the growth trajectory of the market in the foreseeable future.

Technological innovations such as improvements in the wireless services, sensors, cloud computing are likely to open new avenues of growth opportunities. Thus, the IoT gateways market is expected to augment significantly across the projection period.

Key players are presumed top intensify their investments into the market in the upcoming years. On the contrary, the high cost of cyber-physical systems maintenance is supposed to check the expansion of the IoT gateways market over the assessment period.

The global IoT gateways market is predominantly driven by the growing need for digitalization coupled with the rising uptake of IoT platform. Other factors that exponentially contribute to driving the global market growth include; increasing IoT gateways applications and the increasing demand for mobile communication. Additionally, availability of a well-established infrastructure that allows implementation of advanced technologies and higher penetration of devices; escort the IoT gateways market to the ascending heights.

Market Segmentation:

By type, the global IoT gateways market has been segmented into lightly rugged, rugged, compact, and ultra-compact.

By component, the IoT gateways market has been segmented into field programmable gate array (FPGA), microcontroller units (MCU), sensor, memory card, and others.

By connectivity, the global IoT gateways market has been segmented into Bluetooth, Wi-Fi, ZigBee, Ethernet, cellular, and others.

By applications, the IoT gateways market has been segmented into consumer electronics, building automation, automotive and transportation, wearable devices, healthcare, industrial, and others. The others segment encompasses sub-segments such as oil & gas, aerospace & defense, education, agriculture, BFSI, government, and utilities.

By node, the global IoT gateways market has been segmented into smart watch, smart TV, actuator, camera, RADAR, thermostat, and others.

Regional Analysis:

The North American region is projected to lead the global IoT gateways market with the largest market share owing to the presence of key technology providers. Countries such as the U.S. and Canada backed by the increasing demand for digital technologies and growing technological advancements in the region account for the major contributor to the market growth in the region.

Furthermore, the two crucial factors such as the increase in research and development area and the considerable growth in the application areas of IoT gateways drive the growth of the market in the region. Simultaneously, advancements in the wireless communication technologies and convergence of IoT would further increase the growth of IoT gateways market.

Also, the presence of a well-established infrastructure supports the market growth, allowing implementations of advanced technologies. The IoT gateways market in North America is expected to grow further over its previous growth records by 2023, followed by Europe and the Asia Pacific.
Europe accounts for the second-largest market for IoT Gateways, globally. The market is expected to post a considerable CAGR (2020-2023), perceiving a huge uptake of IoT gateways across the region.

The Asia Pacific region is emerging as one of the lucrative markets for the IoT gateways, globally, which is expected to generate a strong CAGR during the forecast period (2020-2023). Rapid industrialization alongside some of the burgeoning sectors such as retail, O&G, and manufacturing mainly in China and India are majorly contributing to the market growth in the region.

Competitive Analysis:

The global IoT Gateways market appears to be competitive. Matured players incorporate collaboration, acquisition, partnership, product launch, and expansion to gain a competitive advantage in the market. To improve their market performance and to execute their expansion plans these vendors are acquiring promising companies in the fast-growing markets.

Marketers employ a continuous improvement strategy to analyze and update the software, implementing improvements and launching new technologies to meet the changing needs of consumers. Some of the major players operating in the market are significantly investing and also have joined forces for developing new technologies for IoT gateways in order to deliver comprehensive IoT solutions for their respective clients.

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.

Browse More Details on Report at:
https://www.marketresearchfuture.com/reports/iot-gateways-market-2956

Contact:

+1 646 845 9312
Email: sales@marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

This release was published on openPR.