What Is The Leading Driver Behind Impact Of Enhanced Internet Connectivity On The IoT Gateways Market Market Expansion in 2025

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How Large Will the IoT Gateways Market Size By 2025?
The size of the iot gateways market has experienced a sharp increase in the past few years. It is anticipated to expand from its $1.99 billion worth in 2024 to approximately $2.32 billion in 2025, marking a compound annual growth rate (CAGR) of 16.7%. The historical growth of this market can be traced back to a surge in the use of IoT devices, the need for edge computing, integration with the cloud, a cut down on cost, and a rising demand for insights in real-time.

How Big Is the IoT Gateways Market Size Expected to Grow by 2029?
The market for iot gateways is projected to experience swift expansion in the coming years, with predictions indicating a growth to $4.17 billion in 2029, achieving a compound annual growth rate (CAGR) of 15.8%. Elements contributing to this anticipated growth during the forecast period consist of the acceleration of edge AI and machine learning, blockchain incorporation, edge-to-cloud continuity, environmental supervision and sustainability, customization and modularity, and management and preservation of lifecycle. The period also presents several major trends such as the integration of AI and machine learning, interoperability standards, hybrid cloud and edge deployment, the necessity for low-power solutions, and industry-specific solutions.

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Which Key Market Drivers Powering IoT Gateways Market Expansion and Growth?
Predictions indicate that the IoT gateways market will experience significant growth, largely due to the expansion of internet connectivity. The term "internet connectivity" means the capacity for devices to establish an internet connection, enabling communication and data exchange. This surge in connectivity can be attributed to economic incentives, policy initiatives, the growing desire for digital services, and a shift in consumer behavior. IoT gateways are the linchpin for the stable, secure internet connection of IoT devices, efficient data management, and sustaining critical communications; all of which are vital to fully capitalize on IoT solutions across a variety of sectors. As an example, data from the International Telecommunication Union, a Swiss-based specialized agency, stated in November 2022 that approximately 5.3 billion people, equating to 66% of the global population, used the internet in 2022. This represents a 6.1% increase from 2021. This amplification of internet connectivity is therefore a key driver for the growth within the IoT gateways.

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Which Fast-Growing Trends Are Poised to Disrupt the IoT Gateways Market?
Leading firms in the IoT gateways sector are introducing cutting-edge products like automotive-qualified Ethernet PHYs in order to ramp up market revenue. These Ethernet PHYs (physical layer) serve a crucial role in IoT gateways, enabling swift communication and data exchange between IoT gadgets and the cloud. For instance, in July 2023, the LAN8670/1/2 10BASE-T1S devices, a series of automotive-qualified Ethernet PHYs were launched by Microchip Technology, a renowned semiconductor product manufacturer based in the US. These devices are equipped with upgraded features such as exceptional EMC/EMI performance, sleep/wake capabilities, and time-sensitive networking to ensure accurate timing synchronization. Importantly, they provide superior PHY diagnostics and accommodate multiple Ethernet PHYs on a unified bus line, thus effectively minimizing cabling and switch ports while ensuring readiness for functional safety in ISO 26262 applications.

What Are the Emerging Segments in the IoT Gateways Market?
The iot gatewaysmarket 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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Who Are the Global Leaders in the IoT Gateways Market?
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 are the Top Profitable Regional Markets for the IoT Gateways Industry?
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.

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