Industrial IoT Gateway Market - Global Industry Analysis

Industrial IoT Gateway Market

Industrial IoT Gateway Market Growth, Size, Share, Trend Analysis, Forecast 2032

Category: Technology & Media Report Format : PDF Pages: 120 Report Code: ZMR-4743 Published Date: Sep-2019 Status : Published

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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.

Global  Industrial IoT Gateway Market

The industrial IoT gateway market is classified based on end-user and region. By end-user, the industrial IoT gateway market is segmented into discrete industry and process industry. Moreover, the process industry segment held the largest market share globally in 2018. Additionally, the discrete industry segment of the market is anticipated to record a faster rate of growth in the upcoming years, owing to the increasing use of IoT-based sensors and robots by the automotive industry.

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.

Some key players of the industrial IoT gateway market are Advantech, ASUSTeK, Dell Technologies, Cisco Systems, Hewlett Packard, NXP Semiconductors, Intel, and Mitsubishi Electric.

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