IoT Gateway Market Growth, Business Overview, Forecast 2023 to 2030 | PTC (ThingWorx), Cisco (Jasper), Microsoft

PRESS RELEASE
Published September 26, 2023

Detailed analysis of the report “IoT Gateway Market” helps to understand the various types of IoT Gateway products that are currently in use, along with the variants that would gain prominence in the future by Infinitybusinessinsights.com. This report will help the viewer in Better Decision Making.

Market Overview: IoT (Internet of Things) gateways are pivotal components of IoT ecosystems, serving as the bridge between connected devices and the cloud or central data processing systems. These gateways facilitate data aggregation, security, and communication between IoT devices, enabling seamless connectivity and intelligent decision-making. The IoT gateway market has witnessed rapid growth due to the proliferation of IoT applications across industries such as healthcare, manufacturing, agriculture, and smart cities.

The IoT Gateway market is expected to grow at a CAGR of 13.7% from 2023 to 2030.

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Top key players:
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

Drivers & Barriers: Key drivers of the IoT gateway market include the increasing adoption of IoT solutions to enhance operational efficiency, monitor assets, and improve decision-making. IoT gateways play a critical role in ensuring data privacy and security, addressing one of the primary concerns in IoT implementations. However, challenges like interoperability, device management, and the need for standardized communication protocols can act as barriers to market growth. Additionally, the integration of edge computing capabilities into IoT gateways is becoming essential to process data locally and reduce latency.

Global IoT Gateway Market Split by Product Type and Applications

This report segments the IoT Gateway Market on the basis of Types:
Consumer IoT
Business IoT

On the basis of Application, the IoT Gateway Market is segmented into:
Home Automation
Wearable Technology
Smart City
Industrial Automation
Connected Transportation
Healthcare
Others

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Future Scope: The future of the IoT gateway market is promising, with ongoing developments in edge computing, 5G connectivity, and artificial intelligence (AI). IoT gateways are expected to become more powerful, energy-efficient, and capable of handling larger data volumes. They will play a crucial role in enabling real-time analytics and decision-making at the edge of IoT networks. Moreover, as the number of IoT devices continues to grow, there will be a greater emphasis on device management, security, and standardization.

Recent Developments: Recent advancements in IoT gateways include the integration of edge AI processors, enabling local data processing and inference without relying solely on cloud resources. Additionally, the deployment of 5G networks is poised to enhance the connectivity and capabilities of IoT gateways, particularly in applications that require high bandwidth and low latency. Manufacturers are also focusing on ruggedized and secure gateway designs to meet the demands of harsh industrial environments.

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Regional Analysis:
Regional dynamics in the IoT gateway market are influenced by factors such as industrial IoT adoption, regulatory frameworks, and technological infrastructure. Regions with robust industrial sectors, including North America, Europe, and Asia-Pacific, have been significant markets for IoT gateways. Understanding the specific needs of industries and complying with regional data privacy regulations are critical for companies aiming to excel in the global IoT gateway market.

Reasons Why You Should Buy This Report:
1.To gain an in-depth understanding of IoT Gateway Market
2.To obtain research-based business decisions and add weight to presentations and marketing strategies
3.To gain competitive knowledge of leading market players
4.It gives pin point investigation of changing rivalry elements and keeps you in front of contenders.
5.It helps in settling on educated business choices by having total bits of knowledge of market and by making inside and out investigation of market sections.

FAQs:
A.During the projected period, what will be the market’s development rate, development force, or speed increase?
B.What are the fundamental drivers of the market?
C.As far as worth, how large was the developing business sector in 2023?

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Table of Contents:
1 IoT Gateway Market Overview
2 Company Profiles
3 IoT Gateway Market Competition, by Players
4 IoT Gateway Market Size Segment by Type
5 IoT Gateway Market Size Segment by Application
6 North America by Country, by Type, and by Application
7 Europe by Country, by Type, and by Application
8 Asia-Pacific by Region, by Type, and by Application
9 South America by Country, by Type, and by Application
10 Middle East & Africa by Country, by Type, and by Application
11 Research Findings and Conclusion
12 Appendix…

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