IoT Gateway Market Share, Opportunities & Growth Prospects to 2022-2027 | IMARC Group

SHERIDAN, WYOMING, UNITED STATES, Oct. 6, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “IoT Gateway Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. ‘ The global IoT gateway market reached US$1.42 billion in 2021. Looking ahead, IMARC Group expects the market to reach $3.03 billion by 2027, at a CAGR of 13.56% over 2022-2027.

IoT Gateway Market Overview:

An Internet of Things (IoT) gateway refers to a main intelligent hub for IoT devices. It consists of communication technologies that connect end devices such as actuators, blackened platforms, sensors and subscriber administration to the gateway. The IoT gateway also includes a computing platform that allows custom or preinstalled applications to manage data, machines, security, communications, and other aspects. It uses various connectivity types including Bluetooth, Wi-Fi, Ethernet, ZigBee, cellular data, etc. The IoT gateway finds widespread applications in various sectors such as healthcare, consumer electronics, BFSI, oil and gas, aerospace and defense, etc.

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IoT Gateway Market Trends:

The increasing demand for this technology as it helps to connect devices together, translate the communication between instruments, filter data into useful information and mitigate security risks are among the main factors driving the IoT gateway market. Furthermore, increasing need for this patient health monitoring solution through remote connected medical solutions, real-time data collection and expanded access to time monitoring and analysis further contributes to the growth of the market. Additionally, the arrival of 5G technology, which acts as a new IoT gateway where systems are designed to support connected devices, is catalyzing the global market. Apart from that, the extensive cross-country usage of these platforms to detect and prevent the spread of the virus acts as another important growth factor due to the sudden outbreak of the COVID-19 pandemic. Furthermore, the growing number of connected devices and rising demand for this technology across various industries are expected to propel the IoT gateway market during the forecast period.

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As the novel coronavirus (COVID-19) crisis sweeps the world, we continuously monitor the changes in the markets as well as the industry behavior of consumers worldwide and our estimates on the latest market trends and forecasts are made after considering the impact of this pandemic.

IoT Gateway Market Report Scope:

Details on reporting features
Base year of analysis 2021
Historical period 2016-2021
Forecast period 2022-2027
Units billion dollars
Segment Coverage Component, Connectivity Type, End User, Region

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 Corp
NXP Semiconductors NV
Siemens AG
Super Micro Computer Inc.

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Key Market Segmentation:

Breakdown by component:

processor
sensor
memory and storage device
Other

Breakdown by connectivity type:

Bluetooth
Wireless Internet access
ZigBee
ethernet
cellular
Other

Separation by end users:

automobile and transportation
healthcare
consumer electronics
BFSI
oil and gas
Aerospace and Defense
Other

Breakdown by region:

North America (United States, Canada)
Europe (Germany, France, UK, Italy, Spain, others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (UAE, 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
Effects of COVID-19
Analysis of the value chain
Comprehensive mapping of the competitive landscape

If you require specific information that is not currently in the scope of the report, we will provide it as part of the customization.

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IMARC Group is a leading market research company providing management strategies and market research worldwide. We partner with clients across sectors and geographies to identify their most valuable opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products cover key market, scientific, economic and technological developments for executives in pharmaceutical, industrial and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food & beverage, travel & tourism, nanotechnology and advanced processing methods are at the forefront of the company’s expertise.

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