IOT Gateway Market Research Report 2024 With SWOT Analysis | Cisco Systems, Inc., Intel Corporation

The IoT gateway combines networking protocols, data storage, and edge analytics, managing the data flow between entry-point edge devices and the cloud. The demand for IoT gateways has increased markedly as smart gateways and management systems have progressed to link and integrate legacy devices and next-gen equipment for the IoT. The primary elements influencing the IoT gateway sector are the advancement of application-focused MCUs, flexible SOC-style architectures, and the rise of smart city initiatives. A system-on-chip (SoC) that integrates electronic circuits provides numerous benefits, such as quicker development periods, enhanced compatibility, and improved efficiency. SoC integrated with IoT helps prevent implementation challenges such as network integration, compatibility, and reliability issues. This encompasses wireless technologies.

The IOT Gateway Market is Valued USD 1.8 billion in 2024 and projected to reach USD 5.1 billion by 2032, growing at a CAGR of 11.80% During the Forecast period of 2024-2032.

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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

Top companies covered in this report: Cisco Systems, Inc., Microchip Technology Inc., Intel Corporation, Huawei Technologies Co., Ltd., Dell Technologies Inc., Siemens AG, Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise (HPE), Schneider Electric SE, Advantech Co., Ltd., Eurotech S.p.A., Texas Instruments Incorporated, NXP Semiconductors N.V., STMicroelectronics N.V., Qualcomm Technologies, Inc., and Others.

Industry News:

July 2023 - Microchip Technology Inc. introduced its inaugural lineup of automotive-qualified Ethernet PHYs to offer automotive original equipment manufacturers (OEMs) reliable Ethernet solutions. This family of devices, namely LAN8670, LAN8671, and LAN8672, provides 10BASE-T1S capabilities and holds AEC-Q100 Grade 1 qualification. The LAN8670/1/2 Ethernet PHYs, designed to meet the requirements of ISO 26262 functional safety standards, offer functional safety readiness. With these devices, it is now feasible to integrate low-speed devices, which previously relied on separate communication systems, into a standardized Ethernet network within automotive applications.

IOT Gateway Market Segmentation:

By Connectivity Technology
Wi-Fi
Bluetooth
Zigbee
Z-Wave
Cellular (3G, 4G, 5G)
Ethernet
Others

By Component
Software
Hardware
Processors
Memory
Sensors
Connectivity Modules

By End-User Industry
Manufacturing
Healthcare
Retail
Transportation and Logistics
Energy and Utilities
Agriculture
Smart Buildings
Others

Regional Analysis

North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

The Asia-Pacific region holds the largest market share and is projected to expand at a CAGR of 14.4% throughout the forecast timeline. The Asia-Pacific region is experiencing a growing demand for IoT gateways driven by the increasing quantity of connected devices and the adoption of IoT in various industries across the region. Due to the rise in connected devices, there will be a direct boost in the demand for IoT gateways in the area. The increasing smart city projects in recent years are driving market expansion. For example, in January 2020, Serena, a nationwide LoRaWAN network service provider, revealed it had established more than 60 LoRaWAN networks across various cities. The company aimed to establish network coverage in 100 cities throughout India by 2020, as part of the Government of India's Smart City Mission.

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Important Features of the reports:

- Detailed analysis of the IOT Gateway Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the IOT Gateway Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards IOT Gateway Market performance.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the IOT Gateway Market.

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the IOT Gateway Market.

How big will the market and growth rate be in 2032?

What are the key drivers for the global IOT Gateway Market?
What are the major market trends influencing the growth of the global IOT Gateway Market?
What are the challenges for market growth?
Who are the key vendors in the global IOT Gateway Market?
What market opportunities and threats are vendors facing in the global IOT Gateway Market?
What are the main findings of the five forces analysis of the global IOT Gateway Market?

Conclusion: At the end of the IOT Gateway Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.

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