The article cited AMA's Global IoT Gateway Market Study explored substantial growth with CAGR of 14.84%. According the report, Need for Big Data Analytics in Various Industries
is one of the primary growth factors for the market. Increasing Number of Connected Devices Globally
is also expected to contribute significantly to the IoT Gateway market. Overall, Wearable Devices
applications of IoT Gateway, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Siemens AG (Germany), Huawei Technologies Co. Ltd. (China), Fujitsu Ltd. (Japan), Toshiba Corporation (Japan), Dell Technologies (United States), Cisco Systems, Inc., (United States), Hewlett Packard Enterprises Company (United States), NEC Corporation (Japan), Mitsubishi Electric Corporation (Japan) and Intel Corporation (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The End users, such as Process Industry, is boosting the IoT Gateway market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Component, such as MCU [Microcontrollers], is boosting the IoT Gateway market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Nodes, such as Smartwatch, is boosting the IoT Gateway market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global IoT Gateway market identified that the demand is rising in many different parts of the world as "Integration of IoT Gateways in Smart Building Construction
". Furthermore, some recent industry insights like "In March , 2023 Lantronix Inc. a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced its new X300 Compact Gateway IoT Solution. Ideal for secure mission-critical applications, the new X300 Cellular Compact IoT Gateway Solution combines Lantronix’s IoT gateway hardware with a premium services subscription, including centralized device management, integrated cellular data, enhanced device security and expert technical support in an all-in-one package." is constantly making the industry dynamic. One of the challenges that industry facing is "Complexity Associated in Designing IoT Gateway and Need for Skilled Professionals in IoT Gateway market"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of IoT Gateway market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of IoT Gateway market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the IoT Gateway market tight? Which application/end-user category or Product Type [Wired and Wireless] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the IoT Gateway market and other related sub-markets covered in the study.
o Key & emerging players in the IoT Gateway market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall IoT Gateway market size is calculated using market estimation process, the IoT Gateway market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global IoT Gateway market size has been validated using both top-down and bottom-up approaches.