Jan 23, 2020 (The Expresswire) -- Global IoT Gateways Market is expected to reach USD 21.5 billion by 2026 from USD 7.3 billion in 2018 and is projected to grow at a CAGR of 14.4% in the forecast period of 2019 to 2026.
This Iot Gateways report also encapsulates data that includes market definitions, classifications, applications, commitments, market drivers and market restrictions obtained using SWOT analysis. The Iot Gateways market research report deals with the Semiconductors and Electronics industry's systematic collection and estimation of market information. The market data described in the Iot Gateways report helps the worldwide Semiconductors and Electronics industry to identify various market opportunities. Such market research reporting is always advantageous in marketing products or services for any company, whether small or large. The analytical study of this Iot Gateways market report supports the mapping of growth strategies to increase sales and build on the market brand image. The purpose of this Iot Gateways report is to provide a broader perspective of current market trends, situations, opportunities, and status as an information source. In addition, all CAGR projections for 2016, 2017 base year and 2020-2027 forecast period are provided in this market report.
Global IoT Gateways Market is expected to reach USD 21.5 billion by 2026 from USD 7.3 billion in 2018 and is projected to grow at a CAGR of 14.4% in the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026. IoT gateway is a physical device that enables software program which serves as a connection point between controllers, sensors, clouds and intelligent devices. The IoT gateways structures are in the shape of building blocks which increases the wireless sensing application in IoT module. The network of edge analytics data and repository are flow securely in between the clouds and devices of the IoT gateways. IoT gateways offer several functions such as device connectivity, security, data filtering, and protocol transaction. The gateways are configured with service providers, NaaS providers and CSPs which is functional for interconnected mesh of heterogeneous devices located across varied geographical regions.
Few of the major competitors currently working in the global Iot Gateways Market are Intel Corporation, Mitsubishi Electric Corporation, NXP Semiconductors, Arm Limited, Cisco, Hewlett Packard Enterprise Development LP, TE Connectivity, STMicroelectronics, Advantech Co., Ltd., Dell, EUROTECH, AAEON, ADLINK Technology Inc., NEXCOM International Co., Ltd., Microchip Technology Inc., Notion Labs, Inc., Samsara and Estimote, Inc..
The study given in this section offers details of key market players. It likewise clarifies the marketing strategies adopted by these players as well as portrays their shareholdings in the global market.
If you are involved in the Iot Gateways industry or intend to be, then this study will provide you comprehensive outlook. It’s vital you keep your market knowledge up to date segmented Global IoT Gateways Market, By Node (Smart Watch, Camera, RADAR, Thermostat, Actuator, Smart TV, Others), Connectivity Technology (Bluetooth, Wi-Fi, ZigBee, Ethernet, Z-Wave, Others), Component (MCU, FPGA, Sensor, Memory Others), Application (Wearable Devices, Healthcare, Automotive and Transportation, Building Automation, Industrial, Consumer Electronics), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
Competitive Landscape and Iot Gateways Market Share Analysis
The global IoT gateways market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of IoT gateways market for global, Europe, North America, Asia Pacific and South America.
Major Drivers and Restraints of the Iot Gateways Market:
Increasing demand in providing security in IPv6.
Growing demand in building automation system.
Research and development took place to improve the local area networks (LANs) and wide area networks (WANs).
Rising demand in manufacturing miniaturization processors.
Distortion due to complex network architecture.
Lack of security and privacy of user data.
Iot Gateways Market Country Level Analysis
The countries covered in Iot Gateways market report are U.K., Germany, France, Netherlands, Russia, Belgium, Italy, Spain, Switzerland, Turkey and Rest of Europe.
Key Pointers Covered in the Iot Gateways Market Industry Trends and Forecast to 2026