Comprehensive IoT Gateways Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034

What Is the Future Outlook for the IoT Gateways Market's Size and Growth Rate?
The IoT gateways market will grow from $1.99 billion in 2024 to $2.34 billion in 2025, at a CAGR of 17.6%. Growth is attributed to the proliferation of IoT devices, edge computing needs, cloud integration, cost reduction, and demand for real-time insights.

The IoT Gateways market will reach $4.42 billion by 2029 at a CAGR of 17.3%, driven by edge AI/ML acceleration, blockchain integration, environmental monitoring, and modularity. Trends include hybrid cloud and edge deployments, low-power solutions, and vertical-specific solutions.

What Is Stimulating Growth in the IoT Gateways Market?
The enhanced internet connectivity is expected to drive the growth of the IoT gateways market. The ability of devices to connect and communicate through the internet enables the exchange of information and facilitates communication. The rise in internet connectivity is fueled by economic incentives, policy initiatives, growing demand for digital services, and changing consumer behaviors. IoT gateways ensure reliable and secure connections between IoT devices and the internet. For example, in November 2022, the International Telecommunication Union reported that 5.3 billion people, or 66% of the global population, were internet users in 2022, a 6.1% increase from 2021. Therefore, enhanced internet connectivity is driving the growth of the IoT gateways market.

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Which Key Market Leaders Are Driving IoT Gateways Industry Growth?
Major companies operating in the IoT gateways market report are Dell Inc.; Huawei Technologies Co. Ltd.; Hewlett Packard Enterprise Co.; Cisco Systems Inc.; Texas Instruments Incorporated; STMicroelectronics N.V.; TE Connectivity Ltd.; Eurotech Inc.; NXP Semiconductors; Harman International Industries Inc.; Microchip Technology Inc.; Super Micro Computer Inc.; Advantech Co. Ltd.; Kontron S&T AG; Pepperl+Fuchs Inc.; Banner Engineering Corp.; Samsara Networks Inc.; ADLINK Technology Inc.; Aaeon Technology Inc.; Softing Industrial Automation GmbH; Multi-Tech Systems Inc.; Helium Systems Inc.; Winmate Inc.; Rigado LLC; ClearBlade Inc.

Which Key Developments Are Influencing the IoT Gateways Market?
Leading companies in the IoT gateways market are introducing technologically advanced products like automotive-qualified Ethernet PHYs to boost revenue. The automotive-qualified Ethernet PHY (physical layer) plays a crucial role in IoT gateways by enabling high-speed data transfer and communication between IoT devices and the cloud.For instance, in July 2023, Microchip Technology, a US-based semiconductor manufacturer, launched its LAN8670/1/2 10BASE-T1S automotive-qualified Ethernet PHYs. These devices feature enhanced EMC/EMI performance, sleep/wake functionality, and time-sensitive networking for precise time synchronization. Additionally, they provide advanced PHY diagnostics and allow multiple Ethernet PHYs to operate on a shared bus line, reducing the need for extra cabling and switch ports. These innovations also ensure compliance with ISO 26262 functional safety standards.

What Are the Main Segments in the IoT Gateways Market?
The IoT gateways market covered in this report is segmented -

1) By Component: Processor, Sensor, Memory And Storage Device, Other Components
2) By Connectivity: Bluetooth, Wi-Fi, ZigBee, Ethernet, Cellular, Other Connectitvities
3) 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 Processor: Central Processing Unit (CPU), Microcontroller Unit (MCU), System On Chip (Soc)
2) By Sensor: Temperature Sensor, Pressure Sensor, Humidity Sensor, Motion Sensor, Proximity Sensor
3) By Memory And Storage Device: Random Access Memory (RAM), Flash Memory, Solid-State Drive (SSD), External Storage Devices
4) By Other Components: Communication Modules, Power Management Ics, Voltage Regulators, Antennas, Connectors

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Which Geographic Area Leads the IoT Gateways Market?
North America was the largest region in the IOT gateways market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT gateways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The IoT Gateways Global Market Report?

- Market Size Analysis: Analyze the IoT Gateways Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IoT Gateways 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 Gateways Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IoT Gateways Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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