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Cellular IoT Gateways Market Estimated to Experience a Hike in Growth by 2025
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The major driving factors for the growth of the cellular IoT gateways market are increasing Internet connectivity, continuous growth in the demand for smartphones & other connecting devices, expansion in the use of wireless sensors and its network, and cloud computing becoming mainstream. The major opportunities contributing to the growth of the market are the increasing adoption of wearable devices in multiple application areas such as medical and healthcare, industrial, and military among others.
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North America expected to hold the largest market share during the forecast period as it home to some of the largest multinational corporations such as Cisco Systems, Inc. (U.S.) and Qualcomm Inc. (U.S.). Asia-Pacific region is expected to have a moderate growth rate for cellular IoT gateway market as countries such as China and Taiwan have the advantage of a large pool of vendors. Latin America and Middle East and Africa regions are yet to match the pace of global Cellular IoT gateway market.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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