IoT Gateway Devices Market Key Highlights:
- Market Size (2024): USD 10.40 Billion
- Projected Market Size (2034): USD 32 Billion
- CAGR (2023-2034): 11.9%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
IoT Gateway Devices Market Definition
The IoT gateway devices market includes physical devices or virtual platforms that connect sensors, IoT modules, and smart devices to the cloud. The IoT gateway device is responsible for managing IoT network device compatibility, IoT security, IoT device management, and IoT cloud connectivity. The gateway acts as a wireless access portal that allows IoT devices to access the Internet. This market is growing because IoT gateway devices are the lifelines of many successful IoT applications in the Industry 4.0, healthcare, and automotive sectors. It also has growing applications in other industries. OnAsset’s flagship SENTRY 600 FlightSafe device, the world’s first aircraft IoT gateway, is now used as a general aviation conference, turning the aircraft into a virtual warehouse.
While the demand in the IoT gateway devices market continues, an IoT gateway is a hardware or software device, usually a combination of both, that connects various IoT device tools to the cloud. It acts as a bridge, allowing devices with the same communication protocol to share data regardless of whether they use Wi-Fi, Bluetooth, Zigbee, or other connections. NEOM announced the first step in creating the city's information world based on digital technology services from Amazon (via Alexa), and Google (via Google Home); the once-known first smart speakers and digital service giants are not only the gateway to the home but also serve as an essential control point in the smart home ecosystem.
IoT Gateway Devices Market Segmentation:
By Type
- Consumer IoT Gateway
- Industrial/Commercial IoT Gateway
By Application
- Consumer Electronics
- Healthcare
- Automotive & Transportation
- Building Automation
- Industrial
- Others
IoT Gateway Devices Market Companies:
- Cisco
- Huawei
- Dell
- Sierra Wireless
- Advantech
- HPE
- NXP/Freescale
- Digi International
- Multi-Tech Systems
- Eurotech
- Samsara
- ADLINK Technology
- AAEON
- Lantronix
- NEXCOM International
- Axiomtek
- Neousys Technology.
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