The global IoT gateway market is anticipated to grow at a significant CAGR of 17.33% during the forecast period. The advantages provided by IoT in different goods and service sectors show a significant growth of the global IoT gateway market in the coming year.
Manufacturing - IoT gateway provides various opportunities for manufacturing companies. IoT gateway enhances the products to self-process, store data, communicate and interact within the industrial ecosystem. The IoT sensors help in generating data which helps in maintenance and reduce downtime. Moreover, machine learning strengthens productivity and Provides additive manufacturing for spare parts to reduce inventory costs. Hence, the broad application of IoT in manufacturing units, bost the growth of the market.
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Agriculture- The IoT positively impacts the agriculture sector in many ways. For instance, wireless IoT sensors provide forecast weather conditions and measure hyper-local conditions of the agriculture fields. As a result, the farmers can easily plan their course of activities. Moreover, IoT provides GPS, real-time yield analysis, and IoT devices that help to monitor crop health.
Oil and Gas- The advanced IoT helps in assisting production process prediction solution, as IoT is based on the data generated from oil and well conditions, that enables significant improvement of production, and optimized costs of the production process.
Global IoT Gateway Market– Segmentation
by Component
Processor
Sensor
Memory and Storage Device
by Connectivity
Bluetooth
Wi-Fi
ZigBee
Ethernet
Cellular
by End User
Automotive and Transportation
Healthcare
Industrial
Consumer Electronics
BFSI
Oil and Gas
Retail
Aerospace and Defense
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IoT Gateway Market Report Segment by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
Company Profiles
Aaeon
Advantech Co., Ltd
Arm
Cradlepoint
Embitel
Eurotech S.P.A
Helium Inc.
Hewlett Packard Enterprise Co.
Hirschmann
Huawei Technologies Co. Ltd
Lantronix, Inc
Microchip Technology Inc.
Nexcom
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