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
ADLINK Technology Inc.
Cisco Systems Inc.
Dell Technologies Inc.
Hewlett Packard Enterprise Development LP
Mitsubishi Electric Corp
NXP Semiconductors NV
Super Micro Computer Inc.
Key Market Segmentation:
Breakdown by component:
memory and storage device
Breakdown by connectivity type:
Wireless Internet access
Separation by end users:
automobile and transportation
oil and gas
Aerospace and Defense
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 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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