Industrial IoT Gateway Market Growth, Size, Share, Trends, and Forecast 2032

Industrial IoT Gateway Market Insights

Zion Market Research has published a report on the global Industrial IoT Gateway Market, estimating its value at USD 1067.48 Million in 2023, with projections indicating that it will reach USD 2984.09 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 12.1% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Industrial IoT Gateway Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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In order to offer a comprehensive read of the industrial IoT gateway market, we have enclosed a detailed value chain analysis. To know the competitive landscape in the market, an analysis of Porter’s Five Forces model for the industrial IoT gateway market has additionally been enclosed. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

The internet of objects (IoT) portal is a software or physical device that connects the cloud and devices, sensors, and smart devices. The gateway, which is either a particular software or hardware program, is accessible to all the data moving to the cloud. An intelligent gateway or a control tier may be referred to as an IoT gateway. Some sensors produce tens of thousands of points of data per second. A portal offers a pre-processing place for data to be sent locally on the edge of a cloud. When data is distributed, summarized, and analyzed in a strategic manner, it minimizes the amount of information to be sent to the cloud. This can have a significant impact on the response time and transmission of the infrastructural costs.

The industrial IoT gateway market is anticipated to witness notable growth over the upcoming years, owing to the increasing demand for IoT gateways devices due to the increased data collection and analysis requirements to solve complex maintenance tasks. Several end-are users focusing on preventive maintenance, assisting to lower the idle time of production and increase efficiency, which, in turn, is favoring the industrial IoT gateway market globally. In addition, the growing need for IoT gateways to increase effective interaction between machines with larger data sets is likely to be observed in the years ahead. However, the data security concerns of sensitive data projects may limit the industrial IoT gateway market in the future.

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The study also includes the market share of the key participant’s operating in the industrial IoT gateway market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures and regional growth of key players within the market on a regional basis.

The study provides a crucial view of the industrial IoT gateway market by segmenting the market based on end-user and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Industrial IoT Gateway Market: Regional Analysis

North America held the largest share of the industrial IoT gateway market globally in 2018, due to the increasing use of IoT devices in various end-user industries. Europe accounted for a considerable share in the global industrial IoT gateway market in 2018, due to the rising use of smart sensors and robots in production line compiled with IoT sensors. The Asia Pacific will record the highest CAGR in the industrial IoT gateway market globally, owing to rapid industrialization in China, India, and South Korea.

Industrial IoT Gateway Market: Report Scope

Some key players of the industrial IoT gateway market are :

• Advantech
• ASUSTeK
• Dell Technologies
• Cisco Systems
• Hewlett Packard
• NXP Semiconductors
• Intel
• Mitsubishi Electric.

This report segments the global industrial IoT gateway market into:

Global Industrial IoT Gateway Market: End-User Analysis

• Discrete Industry
• Process Industry

Global Industrial IoT Gateway Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa