IOT Gateways Market Projected to Hit USD 2480.6 Million at a 16.57% CAGR by 2030 – Report by Market Research Future (MRFR)
Research Reports
Mar 08, 2023
IOT Gateways Market Research Future Highlights
The Internet of Things (IoT) gateway market is a rapidly growing segment of the technology industry. IoT gateways are devices that connect IoT devices to the cloud or other networks and enable them to communicate with each other. These gateways provide the necessary connectivity, processing power, and security to enable IoT devices to operate effectively.
IoT Gateways Market is Predicted to Reach US$ 2480.6 Million by 2030 Registering a CAGR of 16.57%
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IOT Gateways Market Report Scope:
| Parameter | Details |
| Revenue Forecast in 2030: | USD 2480.6 Million |
| Growth Rate: | CAGR of 16.75% from 2020 to 2030 |
| Forecast Period: | 2020 -2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Regional Analysis
The global IoT gateways market can be segmented into several regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is expected to hold the largest market share of the IoT gateways market due to the presence of major IoT gateway vendors and early adoption of IoT technology across various industries. The United States and Canada are expected to contribute significantly to the growth of the IoT gateway market in this region.
Europe is expected to be the second-largest market for IoT gateways due to the increasing adoption of IoT technology in various industries such as healthcare, transportation, and logistics. The European Union has also initiated various initiatives and investments for the development of IoT infrastructure, which is expected to drive the market growth in this region.
The Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to the increasing adoption of IoT technology in emerging economies such as China, India, and Japan. The increasing investments by governments and private organizations in IoT technology and infrastructure are expected to drive the growth of the IoT gateway market in this region.
Latin America and the Middle East & Africa regions are expected to witness significant growth in the IoT gateway market due to the increasing adoption of IoT technology in various industries and the growing need for real-time analytics and secure connectivity solutions.
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Overall, the global IoT gateway market is expected to witness significant growth in the coming years, driven by increasing adoption of IoT devices across various industries and the growing demand for secure and reliable connectivity solutions.
Market Segmentation
The global IoT gateways market can be segmented based on several factors, including type, connectivity, component, application, and region.
Based on type, the IoT gateways market can be divided into three types – hardware, software, and services. The hardware segment is expected to hold the largest market share due to the increasing demand for physical devices that can connect IoT devices to the cloud or other networks.
Based on connectivity, the IoT gateways market can be divided into three categories – wired, wireless, and hybrid. The wireless segment is expected to hold the largest market share due to the increasing adoption of wireless communication technologies such as Wi-Fi, Bluetooth, and Zigbee.
Based on component, the IoT gateways market can be divided into three categories – sensors, processors, and memory devices. The processors segment is expected to hold the largest market share due to the increasing demand for processing power to enable IoT devices to operate effectively.
Based on application, the IoT gateways market can be divided into several categories including smart homes, smart cities, healthcare, manufacturing, transportation, energy & utilities, and others. The manufacturing segment is expected to hold the largest market share due to the increasing adoption of IoT technology in manufacturing processes to improve efficiency and reduce costs.
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Based on region, the IoT gateways market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, as discussed earlier.
Overall, the market segmentation of the IoT gateways market enables vendors to better understand their target customers and tailor their products and services to meet their specific needs and requirements.
Key Players
- Intel Corporation
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Dell Technologies, Inc.
- Hewlett Packard Enterprise CompanyTop of Form
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