Global IoT Gateways Market Rising Demand and Future Scope till by 2030
Global IoT Gateway Market Overview -
The global IoT gateway market is expected to grow at a CAGR of 13.7% from 2022 to 2030. The growth of the market is driven by the increasing adoption of IoT devices and the need for secure and reliable data communication between devices and the cloud.
IoT gateways are devices that connect IoT devices to the internet. They provide a bridge between the low-power, short-range communication protocols used by IoT devices and the high-speed, long-range communication protocols used by the internet. IoT gateways also provide security and data management features that are essential for IoT deployments.
The global IoT gateway market is segmented by component, connectivity, end-use, and region. By component, the market is segmented into processors, sensors, memory and storage devices, and others. By connectivity, the market is segmented into wired and wireless. By end-use, the market is segmented into commercial, industrial, and consumer. By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
The North American market is expected to be the largest market for IoT gateways during the forecast period. The growth of the market in North America is driven by the increasing adoption of IoT devices in the automotive, healthcare, and manufacturing industries. The European market is expected to be the second largest market for IoT gateways during the forecast period. The growth of the market in Europe is driven by the increasing adoption of IoT devices in the energy, transportation, and retail industries.
The Asia Pacific market is expected to be the fastest growing market for IoT gateways during the forecast period. The growth of the market in Asia Pacific is driven by the increasing adoption of IoT devices in the manufacturing, agriculture, and healthcare industries.
Browse In-depth Market Research Report (135 Pages) on Global IoT Gateway Market
The following are some of the key players in the global IoT gateway market:
- Cisco Systems, Inc.
- Advantech Co., Ltd.
- Dell Inc.
- Microchip Technology Inc.
- Huawei Technologies Co., Ltd.
- Intel Corporation
- NXP Semiconductors N.V.
- Samsung Electronics Co., Ltd.
- Schneider Electric SE
- Siemens AG
These companies are developing innovative IoT gateways that offer a wide range of features and capabilities. They are also investing in research and development to develop new technologies that will help to improve the performance and security of IoT gateways.
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