IoT Gateway Market Key Highlights:
- Market Size (2024): USD 10.37 Billion
- Projected Market Size (2034): USD 31.09 Billion
- CAGR (2023-2034): 11.6%
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 Market Definition
The IoT gateway market refers to the production, distribution, and utilization of the IoT-based gateway, which is a bridge between IoT devices and the cloud or data center-based IoT platforms and applications that consume IoT device data. It acts as a wireless access portal to give IoT devices access to the internet. This IoT-based gateway is a virtual platform or physical device that connects smart devices, IoT modules, and connects sensors. The IoT gateway market growth is driven by improved data management, eliminating network traffic by local data filtering and processing.
However, the restraining factors of this gateway include concerns about privacy and security of user data, lack of skilled professionals, regulatory hurdles, lack of common protocols, and environmental concerns, which are all factors that can hinder the growth of the market. The future scope of this gateway includes opportunities in sectors like mining and agriculture, increasing investment in advanced infrastructure, growth opportunities in logistics, transportation, and manufacturing sectors, investment in research and development, and advanced technologies, which will help the growth of the IoT gateway market. North America is the dominant region in terms of market growth. In October 2024, Vantiva launched an IoT commercial gateway for smart spaces.
IoT Gateway Market Segmentation:
By Type
- Consumer IoT
- Business IoT
By Application
- Home Automation
- Wearable Technology
- Smart City
- Industrial Automation
- Connected Transportation
- Healthcare
- Others
IoT Gateway Market Companies:
- PTC (ThingWorx)
- Cisco (Jasper)
- Microsoft
- Google
- IBM
- Intel
- SAP
- Oracle
- Amazon
- Telit
- General Electric
- Gemalto
- Zebra Technologies
- AT&T
- Xively (LogMeIn)
- Aeris
- Exosite
- Particle
- Ayla Networks
- relayr
- Bosch Software Innovations
- Teezle.
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