The global IoT gateway devices market is anticipated to grow at a significant CAGR during the forecast period. The IoT gateway devices are advanced technology in the telecommunication sector that acts as a communication bridge between IoT sensors and devices. This gateway interconnects multiple devices and systems in a specified manner to transfer data and coordinate operations between the connected devices.
The emergence of next-generation, 5G networking technology, the rising necessity of data centers owing to the increasing adoption of cloud-based platforms is some factors that are anticipated to drive the growth of the global IoT gateway devices market. The increasing penetration of smart devices with wireless and sensor-based technology and networks and substantially growing demand for connected devices are the major factors that witness lucrative opportunities for the market. Additionally, the growing implementation of IoT and machine to machine (M2M) technologies, rising automation trends, and increasing demand for the higher-bandwidth solution in wireless networking technology among the telecommunication sector are anticipated to drive the growth of the global IoT gateway devices market during the forecast period.
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Some market players include Dell Technologies Inc., Advantech Co. Ltd., Cisco Systems Inc., and others have been adopted various strategies to boost the global IoT gateway devices market. Technological advancement, research & development, new product launches, mergers & acquisitions, and product expansion among others are key strategies adopted by key vendors to remain sustained in the market. For instance, in October 2020, NXP Semiconductors N.V. announced a partnership with Au-Zone Technologies, a Canada based IoT Gateway Company, to expand the NXP’s IQ Machine Learning (ML) software development surrounding with easy-to-use ML tools along with the expansion of its offering of silicon-optimized inference engines for Edge ML.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered
- Regions Covered- Globally
- Competitive Landscape-Dell Technologies Inc., Advantech Co. Ltd., Cisco Systems Inc., Intel Corp., among others.
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IoT Gateway Devices Market Report Segmentation
By Connectivity Technology
- Bluetooth
- Wi-Fi
- Zigbee
- Ethernet
- Z-wave
- Others
By Component
- Microcontroller Unit (MCU)
- Field Programmable Gate Arrays (FPGAs)
- Sensor
- Memory
- Others
By Application
- Wearable Devices
- Healthcare Automotive & Transportation
- Building Automation
- Industrial
- Consumer Electronics
Global IoT Gateway Devices Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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