IoT Gateway Devices Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The IoT Gateway Devices Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current IoT Gateway Devices Market Size and Its Estimated Growth Rate?
There has been a swift escalation in the IoT gateway devices market size lately. The market would expand from a value of $12.86 billion in 2024 to $14.86 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.6%. Various reasons contribute to this growth in the past, such as the surge in applications within the healthcare industry, the proliferation of connected devices, the widening of broadband infrastructure, the embracement of cloud computing technology, and the transition towards a digital economy.

The market size of IoT gateway devices is projected to undergo considerable growth in the coming years, escalating to $26.22 billion by 2029 with a compound annual growth rate (CAGR) of 15.2%. The expansion during the forecast period is a result of the widespread use of smart wearables, the increasing adoption of IoT in healthcare, the emerging trend of industrial automation, augmented investments in IoT applications, and the push for 5G technology. The forecast period will also see trends like advancements in connection technologies, increased use of AI, improvements in communication across diverse platforms and devices, edge data processing and decision making, and integration of edge computing.

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How Are Emerging Segments Shaping the IoT Gateway Devices Market Landscape?
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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Which Growth Factors Are Influencing IoT Gateway Devices Market Expansion?
Accelerated uptake of 5G technology is set to fuel the expansion of the IoT gateway devices market. 5G, the fifth generation of mobile network technology, signifies a massive leap over earlier versions such as 2G, 3G, and 4G, or LTE. This move towards 5G springs from the need for greater data speeds, reduced latency, and heightened network capacity to cope with the upsurge in IoT, streaming services, and evolving technologies such as self-driving vehicles and smart cities. IoT gateway devices, a vital part of 5G technology, provide ultra-fast connectivity with minimal latency for a broad assortment of IoT devices, enabling smooth communication, data sharing, and the spread of smart applications in various sectors. For example, in April 2023, as reported by 5G Americas, a US-based industry trade group, the global 5G wireless connections witnessed an impressive growth of 76% from the end of 2021 to the end of 2022, reaching a total of 1.05 billion connections. These connections are anticipated to exceed 5.9 billion by the end of 2027. As a result, the escalated adoption of 5G technology is leading to the growth of the IoT gateway devices market.

Who Are the Dominant Players Across Different IoT Gateway Devices Market Segments?
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 IoT Gateway Devices Market Trends Are Gaining Traction Across Different Segments?
Leading corporations in the IoT gateway devices industry are advancing technology through innovative product development such as aircraft IoT gateways, designed to offer real-time cargo monitoring and tracking. These unique systems or devices are mounted on aircraft to provide a link, collect data, and establish communication between different onboard systems and external networks. For example, OnAsset Intelligence Inc., a US establishment specializing in supply chain asset management, introduced the Sentry 600 FlightSafe device in March 2024, marking the inception of dedicated aircraft IoT gateways. This game-changing device transforms aircraft into virtual connected storage facilities, offering instantaneous cargo hold and cabin condition monitoring and visibility. It is equipped to identify sensor-fitted shipments, galley carts, and various other aircraft assets in real-time. All data from the gateway is wirelessly sent to the OnAsset Insight Cloud, enabling staff to use dashboards, set rules and alerts, and merge data via API features to aid ongoing analysis. The outcome is an increased operational efficiency, lesser downtime, and improved safety and security standards for parked aircraft.

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Which Geographic Regions Are Expected to Dominate the IoT Gateway Devices Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the IoT Gateway Devices Market?
2. What is the CAGR expected in the IoT Gateway Devices Market?
3. What Are the Key Innovations Transforming the IoT Gateway Devices Industry?
4. Which Region Is Leading the IoT Gateway Devices Market?

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