Press release
IoT Gateway Market Estimated to Expand at a Robust CAGR over ‘2025’
Increased demand for Big Data analytics is changing the IoT gateway market to an extent in recent days. The demand of analytics boost the demand for IoT gateway in the market, as Big Data helps analyzing sensor data and starts data collection for many of the industrial machines, such as oil refineries, turbines and others. Moreover, it help organizations in optimizing their business decisions and innovating new business models, products, and service offerings.
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An IoT gateway is a physical device or software program that serves as the connection point between cloud and controllers, sensors, and intelligent devices. All data moving to the cloud or vice versa, goes through the gateway, which can be either a dedicated hardware appliance or software program. An IoT gateway may also be referred to as an intelligent gateway or a control tier.
IoT Gateway Market: Drivers and Challenges
Some of the drivers for the IoT Gateway Market are improved internet connectivity in technologically advancing countries, and increased IP address space and security solutions provided in IPv6. The main feature cum driver for the IoT Gateway market is that it nullifies the security glitch of cloud by some value by providing its own level of security.
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One of the restraint for IoT Gateway Market is that the designing of this IoT gateway is complex and need skilled professionals for designing, which is not the case always.
IoT Gateway Market: Key Players
Some of the key players of IoT Gateway Market are: NXP Semiconductors N.V., Intel Corporation, Mitsubishi Electric Corporation, ARM Holdings, Plc, Super Micro Computer, Inc. and others.
IoT Gateway Market: Regional Overview
On the basis of geography, IoT Gateway Market can be segmented across North America, Latin America, Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. Among various regions, the IoT Gateway Market in North America is expected to dominate during the forecast period, owing to many companies present in the region for IoT gateways. North America region is expected to be followed by Asia Pacific, and Europe.
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