Global IoT Gateways Market Revenue, Statistics, Industry Growth and Demand Analysis Research Report by 2030
Market Highlights
The global IoT gateways market is expecting to touch a valuation of USD 3400.4 Million by 2030, Market Research Future (MRFR) in their extensively studied report includes chief drivers and detailed study of segments to deliver reliable prediction about the market future. This can be credited to industry 4.0 or the fourth industrial revolution which is based on connectivity of devices. The popularity of internet of things (IoT) coupled with the adoption of smart devices are likely to drive market growth during the forecast period (2023-2030).
Global IoT Gateways Market Share was valued at USD 1200 Million in 2023. The IoT Gateways market industry is projected to grow from USD 1398.4 Million in 2023 to USD 3400.4 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 13.53% during the forecast period (2023 - 2030).
The increasing use of wireless sensors to facilitate the rapid transmission of data is one of the biggest factors driving the IoT gateways market. Emergence of edge computing which allows devices such as actuators and smart sensors to power micro-service architectures can positively impact the market. Demand for gateways which can function as endpoints in industry verticals such as healthcare to reducing the complexity in network architecture will bode well for the market in the forthcoming years. But high maintenance costs of these cyber-physical systems may impede the market growth.
Smart cities have gained prominence owing to the pressing need to be connected to the Internet. Furthermore, the production of smart devices and applications which can be controlled via voice allures consumers. IoT gateways are the linchpin for handling various connected devices and the extended IoT ecosystem.
Recently, Nokia has launched ‘IoT for Smart Cities’, a platform offering cities to manage and deliver smart city services. In response, cable companies, alarm companies, mobile phone operating system developers, and internet providers are actively creating applications to cater to this technology. Gateway manufacturers are creating devices which can connect seamlessly on platforms created by major software behemoths.
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Segmentation:
The IoT gateways market can be segmented by gateway type, component, connectivity, application, and node.
Types of IoT gateways include lightly rugged, rugged, compact, and ultra-compact. The compact segment is estimated to touch a market size of USD 6.04 billion by 2023. The advent of IoT based devices coupled with the demand for high-speed Internet is forecasted to drive the segment growth at a 18.1% CAGR over the forecast period. The rugged segment is expected to display a 17.1% CAGR during the same period.
Components in the IoT gateways market include field programmable gate array (FPGA), microcontroller unit (MCU), sensor, memory card, and others. The sensor segment valuation is expected to balloon to USD 5.23 billion at a 18.2% CAGR over the forecast period. This can be credited to the integration of sensors in IoT devices in industrial network architecture and other smart devices. Increasing demand of wearables can have a sizeable impact on the segment growth in the coming years.
By connectivity, the market is segmented into Bluetooth, Wi-Fi, ZigBee, Ethernet, cellular, and others. The Wi-Fi segment is expected to reach USD 3.42 billion by 2023, exhibiting a 15.24% CAGR over the forecast period. Its use in monitoring systems in industries and ensuring the seamless transmission of data is expected to bode well for the segment demand in the coming years.
Key Players:
Key players in the IoT gateways market include Eurotech SPA (Italy), NEC Corporation (Japan), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Sierra Wireless, Inc. (Canada), Cisco Systems, Inc., (U.S.), Lantronix Inc. (U.S.), Robert Bosch GmbH (Germany), Huawei Technologies Co. Ltd. (China), Hewlett Packard Enterprises Company (U.S.), Dell Technologies (U.S.), Fujitsu Ltd. (Japan), and Toshiba Corporation (Japan).
Market Highlights
The global IoT gateways market is expecting to touch a valuation of USD 3400.4 Million by 2030, Market Research Future (MRFR) in their extensively studied report includes chief drivers and detailed study of segments to deliver reliable prediction about the market future. This can be credited to industry 4.0 or the fourth industrial revolution which is based on connectivity of devices. The popularity of internet of things (IoT) coupled with the adoption of smart devices are likely to drive market growth during the forecast period (2023-2030).
Global IoT Gateways Market Share was valued at USD 1200 Million in 2023. The IoT Gateways market industry is projected to grow from USD 1398.4 Million in 2023 to USD 3400.4 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 13.53% during the forecast period (2023 - 2030).
The increasing use of wireless sensors to facilitate the rapid transmission of data is one of the biggest factors driving the IoT gateways market. Emergence of edge computing which allows devices such as actuators and smart sensors to power micro-service architectures can positively impact the market. Demand for gateways which can function as endpoints in industry verticals such as healthcare to reducing the complexity in network architecture will bode well for the market in the forthcoming years. But high maintenance costs of these cyber-physical systems may impede the market growth.
Smart cities have gained prominence owing to the pressing need to be connected to the Internet. Furthermore, the production of smart devices and applications which can be controlled via voice allures consumers. IoT gateways are the linchpin for handling various connected devices and the extended IoT ecosystem.
Recently, Nokia has launched ‘IoT for Smart Cities’, a platform offering cities to manage and deliver smart city services. In response, cable companies, alarm companies, mobile phone operating system developers, and internet providers are actively creating applications to cater to this technology. Gateway manufacturers are creating devices which can connect seamlessly on platforms created by major software behemoths.
Request To Free Sample of This Strategic Report: https://www.marketresearchfuture.com/sample_request/2956
Segmentation:
The IoT gateways market can be segmented by gateway type, component, connectivity, application, and node.
Types of IoT gateways include lightly rugged, rugged, compact, and ultra-compact. The compact segment is estimated to touch a market size of USD 6.04 billion by 2023. The advent of IoT based devices coupled with the demand for high-speed Internet is forecasted to drive the segment growth at a 18.1% CAGR over the forecast period. The rugged segment is expected to display a 17.1% CAGR during the same period.
Components in the IoT gateways market include field programmable gate array (FPGA), microcontroller unit (MCU), sensor, memory card, and others. The sensor segment valuation is expected to balloon to USD 5.23 billion at a 18.2% CAGR over the forecast period. This can be credited to the integration of sensors in IoT devices in industrial network architecture and other smart devices. Increasing demand of wearables can have a sizeable impact on the segment growth in the coming years.
By connectivity, the market is segmented into Bluetooth, Wi-Fi, ZigBee, Ethernet, cellular, and others. The Wi-Fi segment is expected to reach USD 3.42 billion by 2023, exhibiting a 15.24% CAGR over the forecast period. Its use in monitoring systems in industries and ensuring the seamless transmission of data is expected to bode well for the segment demand in the coming years.
Key Players:
Key players in the IoT gateways market include Eurotech SPA (Italy), NEC Corporation (Japan), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Sierra Wireless, Inc. (Canada), Cisco Systems, Inc., (U.S.), Lantronix Inc. (U.S.), Robert Bosch GmbH (Germany), Huawei Technologies Co. Ltd. (China), Hewlett Packard Enterprises Company (U.S.), Dell Technologies (U.S.), Fujitsu Ltd. (Japan), and Toshiba Corporation (Japan).
Global IoT Gateways Market Revenue, Statistics, Industry Growth and Demand Analysis Research Report by 2030
Market Highlights
The global IoT gateways market is expecting to touch a valuation of USD 3400.4 Million by 2030, Market Research Future (MRFR) in their extensively studied report includes chief drivers and detailed study of segments to deliver reliable prediction about the market future. This can be credited to industry 4.0 or the fourth industrial revolution which is based on connectivity of devices. The popularity of internet of things (IoT) coupled with the adoption of smart devices are likely to drive market growth during the forecast period (2023-2030).
Global IoT Gateways Market Share was valued at USD 1200 Million in 2023. The IoT Gateways market industry is projected to grow from USD 1398.4 Million in 2023 to USD 3400.4 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 13.53% during the forecast period (2023 - 2030).
The increasing use of wireless sensors to facilitate the rapid transmission of data is one of the biggest factors driving the IoT gateways market. Emergence of edge computing which allows devices such as actuators and smart sensors to power micro-service architectures can positively impact the market. Demand for gateways which can function as endpoints in industry verticals such as healthcare to reducing the complexity in network architecture will bode well for the market in the forthcoming years. But high maintenance costs of these cyber-physical systems may impede the market growth.
Smart cities have gained prominence owing to the pressing need to be connected to the Internet. Furthermore, the production of smart devices and applications which can be controlled via voice allures consumers. IoT gateways are the linchpin for handling various connected devices and the extended IoT ecosystem.
Recently, Nokia has launched ‘IoT for Smart Cities’, a platform offering cities to manage and deliver smart city services. In response, cable companies, alarm companies, mobile phone operating system developers, and internet providers are actively creating applications to cater to this technology. Gateway manufacturers are creating devices which can connect seamlessly on platforms created by major software behemoths.
Request To Free Sample of This Strategic Report: https://www.marketresearchfuture.com/sample_request/2956
Segmentation:
The IoT gateways market can be segmented by gateway type, component, connectivity, application, and node.
Types of IoT gateways include lightly rugged, rugged, compact, and ultra-compact. The compact segment is estimated to touch a market size of USD 6.04 billion by 2023. The advent of IoT based devices coupled with the demand for high-speed Internet is forecasted to drive the segment growth at a 18.1% CAGR over the forecast period. The rugged segment is expected to display a 17.1% CAGR during the same period.
Components in the IoT gateways market include field programmable gate array (FPGA), microcontroller unit (MCU), sensor, memory card, and others. The sensor segment valuation is expected to balloon to USD 5.23 billion at a 18.2% CAGR over the forecast period. This can be credited to the integration of sensors in IoT devices in industrial network architecture and other smart devices. Increasing demand of wearables can have a sizeable impact on the segment growth in the coming years.
By connectivity, the market is segmented into Bluetooth, Wi-Fi, ZigBee, Ethernet, cellular, and others. The Wi-Fi segment is expected to reach USD 3.42 billion by 2023, exhibiting a 15.24% CAGR over the forecast period. Its use in monitoring systems in industries and ensuring the seamless transmission of data is expected to bode well for the segment demand in the coming years.
Key Players:
Key players in the IoT gateways market include Eurotech SPA (Italy), NEC Corporation (Japan), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Sierra Wireless, Inc. (Canada), Cisco Systems, Inc., (U.S.), Lantronix Inc. (U.S.), Robert Bosch GmbH (Germany), Huawei Technologies Co. Ltd. (China), Hewlett Packard Enterprises Company (U.S.), Dell Technologies (U.S.), Fujitsu Ltd. (Japan), and Toshiba Corporation (Japan).
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