IoT Gateway Market Growth or Demand Increase or Decrease for what contains ?
The IoT Gateway market is experiencing significant growth due to increasing demand for big data analytics, enhanced internet connectivity, and the proliferation of IoT-enabled devices. The market was valued at US$ 1.69 billion in 2023 and is expected to reach US$ 4.14 billion by 2030, growing at a CAGR of 13.6% during the forecast period.
In recent days, the growing need for big data analytics has pushed the IoT gateway industry forward. The desire for analytics is driving up the demand for IoT gateways in the market, such as Big Data, which analyses sensor data and begins data collection for various industrial machinery such as oil refineries, turbines, and others. Furthermore, it assists organisations in making better business decisions and developing new business models, products, and service offerings.
IoT Gateway Market 𝐌𝐚𝐫𝐤𝐞𝐭 Growth Rate Forecast:
The estimated CAGR for the IoT Gateway market is 13.6% from 2023 to 2030.
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IoT Gateway Market Segmentation:
- By Node:
- Smart Watch
- Camera
- RADAR
- Thermostat
- Actuator
- Smart TV
- Others
- By Connectivity Technology:
- Bluetooth
- Wi-Fi
- ZigBee
- Ethernet
- Z-Wave
- Others
- By Component:
- MCU
- FPGA
- Sensor
- Memory
- Others
The global IoT gateway market is split by component, including MCU, FPGA, Sensor, Memory, and Others. In 2023, the MCU section retained the greatest share, accounting for 37.3%. Because of the increasing use of MCUs in modular IoT gateways. The MCU allows modular IoT gateway devices to connect to a wide range of platforms, including Z-Wave, Wi-Fi, Ethernet, Bluetooth, and ZigBee. It supports multi-protocol connectivity in gateway devices, allowing multiple use cases to be linked at the same time. To address the industry’s increasing demand, market participants are focusing on new product development.
- By Application:
- Wearable Devices
- Healthcare
- Automotive & Transportation
- Building Automation
- Industrial
- Consumer Electronics
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IoT Gateway Market Overview:
Maximise Market Research provides clients with a comprehensive understanding of the competitive landscape, making it an invaluable resource for strategic planning. The comprehensive IoT Gateway Market overview includes complete information on market size, trade statistics, key players, and a range of industry indicators such as the life cycle and current trends.
IoT Gateway Market Scope Methodology:
The IoT Gateway market is highly competitive in terms of technical adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A thorough examination of the IoT Gateway Market’s drivers, constraints, possibilities, and issues. The IoT Gateway market estimations and growth rates were determined using a bottom-up approach.
To get insight into IoT Gateway Market penetration, pricing dynamics, demand analysis, and competitive landscape, the study conducted regional analyses at the local, regional, and global levels. Essential information about the IoT Gateway Market, including companies, investors, and new entrants, is supplied to assist in the development of marketing strategies and investment plans.
The IoT Gateway Market was examined using primary and secondary data collection methods. Primary methods comprised surveys, questionnaires, and interviews with industry executives and business owners, while secondary data sources included news releases, annual and financial reports, white papers, and so on. The SWOT analysis identified market vulnerabilities and weaknesses, while the PORTER framework assessed industry competitiveness in the energy-efficient lighting sector.
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IoT Gateway Market Key Players:
1.Intel Corporation
2.Mitsubishi Electric Co
3.NXP Semiconductors N.V.
4.Super Micro Computer
5.ARM Holdings
6.Huawei Investment
7.Texas Instruments
8.Cisco
9.Hewlett Packard
10.TE Connectivity Ltd.
11.STMicroelectronics
12.Advantech Co
13.Dell Inc.
14.Eurotech S.P.A
15.AAEON Technology
16.Adlink
17.NEXCOM International Co
18.Microchip Technology
19.Notion
20.Helium System
21.Samsara Networks
22.Estimote Inc
23.Beep Inc.
IoT Gateway Market Growth or Demand in which regions??
- North America:
- Expected to dominate the market due to the significant presence of IoT gateway companies and advancements in research and development.
- Asia Pacific:
- Projected to witness the fastest growth rate during the forecast period, driven by increased investment in IoT by companies and developers.
- Europe:
- Expected to follow North America in market size and growth.
- Other Regions:
- Middle East & Africa and South America also contribute to the market growth but at a slower pace compared to North America and Asia Pacific.
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Key questions answered in theIoT Gateway Market are:
- What is IoT Gateway Market?
- What is the growth rate of the IoT Gateway Market?
- Which are the factors expected to drive the IoT Gateway Market growth?
- What are the different segments of the IoT Gateway Market?
- What are the factors restraining the growth of the IoT Gateway Market?
- What is the demand pattern of the IoT Gateway Market?
- What major challenges could the IoT Gateway Market face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size Forecast by different segment |
- Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape Profiles of selected key players by region from a strategic perspective
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