Press release
IoT Gateway Devices Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
IoT Gateway Devices Market Size
The IoT gateway devices market will grow from $12.86 billion in 2024 to $14.86 billion in 2025, reflecting a CAGR of 15.6%. Growth factors include increased healthcare industry applications, a rise in connected devices, expansion in broadband infrastructure, adoption of cloud computing technology, and digital economy transformation.
The IoT Gateway Devices market will grow to $26.22 billion by 2029 at a CAGR of 15.2%, driven by smart wearables, IoT healthcare implementation, industrial automation, 5G technology, and increased IoT investments. Trends include developments in connection technologies, AI usage, edge data processing, and edge computing integration.
What Key Elements Are Boosting Growth in the IoT Gateway Devices Market?
The increasing adoption of 5G technology is expected to propel the growth of the IoT gateway devices market. 5G technology, representing the fifth generation of mobile networks, enables faster data speeds, lower latency, and increased network capacity to support IoT and emerging technologies. 5G uses IoT gateway devices to provide fast, low-latency connectivity for a variety of IoT devices. For example, in April 2023, 5G Americas reported that global 5G connections grew by 76% from 2021 to 2022, reaching 1.05 billion. This number is projected to exceed 5.9 billion by 2027. Therefore, the increasing adoption of 5G technology is expected to drive the growth of the IoT gateway devices market.
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Who Are the Major Industry Players Fueling IoT Gateway Devices Market Expansion?
Major companies operating in the IoT gateway devices market report are Dell Inc.; Huawei Technologies Co. Ltd.; Intel Corporation Ltd.; Cisco Systems Inc.; Hewlett Packard Enterprise Company; Texas Instruments Incorporated; TE Connectivity Ltd.; STMicroelectronics N.V.; NXP Semiconductors N.V.; Microchip Technology Inc.; Advantech Co. Ltd.; Kontron S&T AG; Pepperl+Fuchs SE; Samsara Networks Inc.; ADLINK Technology Inc.; Aaeon Technology Inc.; NEXCOM International Co. Ltd.; Axiomtek Co. Ltd.; Lantronix Inc.; Eurotech S.p.A.; Winmate Inc.; Laird Connectivity LLC; Neousys Technology Inc.
What Are the Major Trends Shaping the IoT Gateway Devices Market?
Major firms in the IoT gateway devices market are developing new products like aircraft IoT gateways to improve cargo monitoring. In March 2024, OnAsset Intelligence Inc., a US-based supply chain asset management company, launched the Sentry 600 FlightSafe, the first dedicated aircraft IoT gateway. This device converts aircraft into virtual connected warehouses, providing real-time visibility of shipments and aircraft assets while transmitting data to the OnAsset Insight Cloud for continuous analysis.
How Is the Segmentation of the IoT Gateway Devices Market Defined?
The IoT gateway devices market covered in this report is segmented -
1) By Type: Consumer Internet Of Things (IoT) Gateway, Industrial Or Commercial Internet Of Things (IoT) Gateway
2) By Component: Microcontroller Unit (MCU), Field Programmable Gate Arrays (FPGAs), Sensor, Memory, Other Components
3) By Connectivity Technology: Bluetooth, Wi-Fi, Zigbee, Ethernet, Z-Wave, Other Connectivity Technologies
4) By End User: Automotive And Transportation, Healthcare, Industrial, Consumer Electronics, Banking, Financial Services, And Insurance (BFSI), Oil And Gas, Retail, Aerospace And Defense, Other End Users
Subsegments:
1) By Consumer Internet Of Things (Iot) Gateway: Smart Home Gateways, Wearable Device Gateways, Health And Fitness Device Gateways, Smart Appliance Gateways, Personal Assistant Gateways
2) By Industrial Or Commercial Internet Of Things (Iot) Gateway: Industrial Automation Gateways, Smart City Gateways, Connected Vehicles Gateways, Smart Metering Gateways, Commercial Building Automation Gateways
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What Is the Leading Region in the IoT Gateway Devices Market?
North America was the largest region in the IoT gateway devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT gateway devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The IoT Gateway Devices Global Market Report?
- Market Size Analysis: Analyze the IoT Gateway Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IoT Gateway Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IoT Gateway Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IoT Gateway Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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