The Protocol Conversion Gateway is a complex software-based device that converts one protocol to another proprietary or standard protocol, in order to gain communication and interoperability among devices. The protocol converters are mainly accessible as virtual software or physical hardware. Whereas, the software and hardware applications are placed on end-user devices, but the virtual software are implemented in public and private clouds and physical hardware are implemented in breaches and headquarters.
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The Global Protocol Conversion Gateway Market is projected to with a significant CAGR value of 6.23% during the forecast period 2021-2027. The rapidly increasing technological advancement with the aim of automation and rising deployment of protocol converters are expected to impact the IT resources among organizations, which are some major factors that will drive the growth of the Global Protocol Conversion Gateway Market. The surging demand for enhanced interoperability and enhanced communication of devices within an organization is further driving the growth of the Global Protocol Conversion Gateway Market and is flourishing elevated growth opportunities for the market during the forecast period.
The rapid digitization among emerging economies and increasing investment by the government in this field upsurge the demand for protocol converters, and is anticipated to boost the growth of the Global Protocol Conversion Gateway Market during the forecast period. The enlarged operational efficiency and streamlined business processes are some benefits delivered by protocol converters that enable various organizations and companies to rapidly adopt and employ their IT systems in order to meet the requirement and demands of customers. This dynamic factor will contribute as a significant opportunity for driving the growth of the Global Protocol Conversion Gateway Market.
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Besides, the Global Protocol Conversion Gateway Market is segmented into by Product Type, by Application, and by Region, in terms of market shares and revenues. By Type, the Protocol Conversion Gateway Marke is bifurcated into- Fieldbus Based Protocol Converter and E1/Ethernet Protocol Converter. On the basis of Application, the Protocol Conversion Gateway Market is further categorized as Industrial Control, Telecommunication, and Others.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Product Type
o By Application
- Competitive Landscape- Intel Corporation, Huawei Investment & Holding, NXP Semiconductors, Texas Instruments, Cisco Systems, Hewlett Packard Enterprise, and Samsara Networks among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Protocol Conversion Gateway Market Segment
By Product Type
- Fieldbus Based Protocol Converter
- E1/Ethernet Protocol Converter
By Application
- Industrial Control
- Telecommunication
- Others
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