According to the latest report by IMARC Group, titled “IoT Gateway Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.‘ the global IoT gateway market reached a value of US$ 1.42 Billion in 2021. The Internet of Things (IoT) gateway refers to a software or physical device that is generally used to connect IoT modules, sensors, and smart devices. It involves the use of communication technologies to link end devices to the cloud. Additionally, it assists in handling the inbound and outbound traffic while providing additional security to the IoT network. Consequently, it aids in system diagnosis and data visualization and aggregation.
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IoT Gateway Market Trends/Drivers:
The global market is primarily driven by significant growth in the information technology (IT) industry. Along with this, continual technological advancements across the globe are creating a positive outlook for the market. Moreover, the increasing incidences of data thefts and the rising concern for data security have encouraged multiple businesses to adopt IoT gateways, which is providing a boost to the market growth. The market is further driven by the rapid outbreak of coronavirus disease (COVID-19) that has led to the increasing utilization of IoT-connected platforms in an attempt to prevent the spread of the pandemic. Other factors, including the widespread product adoption in the healthcare industry to monitor patient health and extensive research and development (R&D) activities conducted by key players, are contributing to the market growth further. Looking forward, IMARC Group expects the market to reach US$ 3.03 Billion by 2027, exhibiting at a CAGR of 13.56% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
- ADLINK Technology Inc.
- Advantech Co. Ltd
- Cisco Systems Inc.
- Dell Technologies Inc.
- Eurotech
- Fujitsu Limited
- Hewlett Packard Enterprise Development LP
- Intel Corporation
- Mitsubishi Electric Corporation
- NXP Semiconductors N.V
- Siemens AG
- Super Micro Computer Inc.
Key Market Segmentation:
Breakup by Component:
- Processor
- Sensor
- Memory and Storage Device
- Others
Breakup by Connectivity Type:
- Bluetooth
- Wi-Fi
- ZigBee
- Ethernet
- Cellular
- Others
Breakup by End User:
- Automotive and Transportation
- Healthcare
- Consumer Electronics
- BFSI
- Oil and Gas
- Aerospace and Defense
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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