The global IoT gateway market is anticipated to grow at a significant CAGR of 17.33% during the forecast period. The IoT market is anticipated to grow at a steady rate, the growth is mainly driven by increasingly ubiquitous, cheaper sensors that convert the physical data to digital content, and the connectivity of devices, services, and systems. Moreover, the IoT services are largely used among various end-user verticals, such as manufacturing, oil and gas, and the government sector. The IoT focused on delivering cost savings from fuel energy, and labour. The broad application and the availability of cheaper sensors lead to higher growth of the global IoT market during the forecast period. Moreover, various learning programs launched by the government, and huge expenditures spent on the IT sector, are expected to boost the market growth. For instance, according to IBEF, India’s IT and business service market is projected to reach $19.93 million by 2025, and in the Union Budget 2022-23, the allocation of amount for IT and telecom sectors by the government stood at $11.58 billion.
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The government of India takes several steps to push the adoption of emerging 5G technologies with innovative initiatives such as digital India, make in India, and smart cities projects, which provides a lucrative opportunities to market players.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Iot Gateway Market by Component
- Processor
- Sensor
- Memory and Storage Device
Global Iot Gateway Market by Connectivity
- Bluetooth
- Wi-Fi
- ZigBee
- Ethernet
- Cellular
Global Iot Gateway Market by End User
- Automotive and Transportation
- Healthcare
- Industrial
- Consumer Electronics
- BFSI
- Oil and Gas
- Retail
- Aerospace and Defense
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aaeon
- Advantech Co., Ltd
- Arm
- Cradlepoint
- Embitel
- Eurotech S.P.A
- Helium Inc.
- Hewlett Packard Enterprise Co.
- Hirschmann
- Huawei Technologies Co. Ltd
- Lantronix, Inc
- Microchip Technology Inc.
- Nexcom
- NXP semiconductors
- Phoenix Contact
- STMicroelectronics
- Super Micro Computer, Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global IoT gateway market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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