Global IoT gateway devices market to witness significant growth over 2020-2026

According to the research report titled ‘IoT Gateway Devices Market Size, By Connectivity Technology (Bluetooth, Wi-Fi, ZigBee, Ethernet, Z-Wave), By Component (Multipoint Control Unit (MCU), Field Programmable Gate Array (FPGA), Sensor, Memory), By Application (Wearable Device, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026‘, available with Market Study Report LLC, global IoT gateway devices market is expected to accrue notable returns by the year 2026.

Global IoT gateway devices market is flourishing owing to increasing implementation of IoT network by telecom providers, in consort with rising product adoption in several application verticals including healthcare, consumer electronics, wearable devices, and others.

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Also, surging sales of smart wearables in North America, rising trend of industrial automation in APAC, increasing adoption of IoT in Europe, and ongoing digital economy transformation in Latin America are contributing to the industry growth. However, rising concerns regarding cyber threats and lack of proper regulations for IoT devices are majorly hampering the global IoT gateway devices market growth.

Speaking of connectivity technology, worldwide IoT gateway devices market is divided into ethernet, z-wave, ZigBee, Bluetooth, Wi-Fi, and others. Among these, the Z-wave segment held 5% of the market share in 2019 and is estimated to witness significant gains during the forecast period, mainly due to increasing product adoption in home and office scale network.  

With regards to component gamut, global IoT gateway devices industry is classified into sensor, memory, FPGA, MCU, and others. Of these, field programmable gate array (FPGA) segment contributed 15% to the market share and is expected to grow modestly through 2026, owing to its ability to re-program according to the specific application requirement.

Based on application spectrum, the market is fragmented into industrial, consumer electronics, automotive & transportation, building automation, healthcare, and wearable devices. As per the report, building automation application segment captured 10% of the industry share in 2019 and is anticipated to accrue considerable gains in coming years, attributable rising trend of automated facility maintenance in commercial and residential buildings.

From a regional point of view, Latin America IoT gateway devices industry held 5% revenue share in 2019 and is likely to experience decent expansion in the coming years, mainly due to increasing deployment of IoT network by telecom providers.

Major players influencing global IoT gateway devices market trends are Amazon Web Services, Inc. (AWS), AAEON Technology, Inc., Avnet, Inc., Advantech Co., Ltd., Axiomtek Co., Ltd., Dell Technologies, Inc., ADLINK Technology, Inc., Eurotech S.p.A., Cisco Systems, Inc., Lantronix, Inc., Digi International, Inc., Nexcom International Co., Ltd., NXP Semiconductors N.V., Hewlett Packard Enterprise (HPE) Company, Mitsubishi Electric Corporation, Sierra Wireless, Inc., Huawei Technologies Co., Ltd., Samsara Networks, Inc., Neousys Technology, Inc., Intel Corporation, and Super Micro Computer, Inc.

Question & Answer: Global IoT Gateway Devices Market

Question 1: What are the factors fueling the growth of global IoT gateway devices market?

Answer: Global IoT gateway devices market is flourishing owing to increasing implementation of IoT network by telecom providers, and rising product adoption in several application verticals including healthcare, consumer electronics, wearable devices, and others. 

Question 2: Why is LATAM IoT gateway devices market witnessing constant expansion?

 Answer: Increasing deployment of IoT network by telecom providers is propelling the growth of IoT gateway devices market in Latin America.

 Question 3: Which companies formulate the competitive landscape of global IoT gateway devices market?

Answer: Amazon Web Services, Inc. (AWS), AAEON Technology, Inc., Avnet, Inc., Advantech Co., Ltd., Axiomtek Co., Ltd., Dell Technologies, Inc., ADLINK Technology, Inc., Eurotech S.p.A, Cisco Systems, Inc., Lantronix, Inc., Huawei Technologies Co., Ltd., Digi International, Inc., and Super Micro Computer, Inc. are the major companies in global IoT gateway devices market.

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(Excerpt) Read more Here | 2021-01-04 10:28:31
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