Global IoT Gateways Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The IoT Gateways 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 IoT Gateways Market Size and Projected Growth Rate?
In recent times, there has been a swift expansion in the market size of IoT gateways. The market is expected to surge from $1.99 billion in 2024 to $2.34 billion in 2025, signifying a compound annual growth rate (CAGR) of 17.6%. The significant growth observed in the historic period is due to the increasing proliferation of IoT devices, the requirement for edge computing, integration with the cloud, a decrease in costs, and the increasing demand for instantaneous insights.

Expectations are high for a swift expansion in the IoT gateways market size within the next few years. Predictions are that it will elevate to a worth of $4.42 billion in 2029, expanding at a compounded annual growth rate (CAGR) of 17.3%. The boost during the projected period can be credited to factors like acceleration in edge artificial intelligence (AI) and machine learning (ML), incorporation of the blockchain, continuity from edge to cloud, monitoring of the environment and sustainability practices, customization and modularity, and the management and maintenance of a lifecycle. In the forecasted phase, increased integration of AI and machine learning, the advancement of interoperability standards, deployment of hybrid cloud and edge, increasing demand for solutions requiring low power, and vertical-specific solutions will be the major trends.

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What Are the Major 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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What Are The Driving IoT Gateways Market Evolution?
The IoT gateways market is predicted to expand due to improved internet connectivity. This term refers to the capacity for devices to link and interact via the Internet, facilitating information exchange and communication. The surge in internet connectivity is attried to economic motivations, policy-driven initiatives, growing necessity for digital services, and evolving customer habits. IoT gateways play a pivotal role in reliably and securely connecting IoT devices and systems to the Internet, managing data efficiently, and upholding vital communications, all of which are key to maximizing the effectiveness of IoT solutions in multiple sectors. For example, the International Telecommunication Union, a specialized agency based in Switzerland, reported in November 2022 that roughly 5.3 billion people, or 66% of the global population, were Internet users in 2022, an increase of 6.1% from 2021. Thus, improved internet connectivity is fueling the growth of the IoT gateways market.

Which Firms Dominate The IoT Gateways Market Segments?
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.

What Trends Are Driving Growth in The IoT Gateways Market?
Leading businesses in the IoT gateways industry are introducing cutting-edge products, including automotive-qualified Ethernet PHYs, to boost market revenue. This automotive-qualified ethernet PHY (physical layer) plays a crucial role in IoT gateways by enabling quick communication and data exchange between IoT devices and the cloud. For example, in July 2023, Microchip Technology, a specialty semiconductor products manufacturer from the US, initiated its automotive-qualified Ethernet PHYs, namely the LAN8670/1/2 10BASE-T1S devices. These devices come with sophisticated features such as improved EMC/EMI performance, sleep/wake functionality, and support for time-sensitive networking for accurate time synchronization. Importantly, these devices boast advanced PHY diagnostics and can accommodate multiple Ethernet PHYs on a common bus line, significantly minimizing wiring and switch ports while guaranteeing functional safety readiness for ISO 26262 applications.

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Which Is The Largest Region In 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.

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

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