NEW
YORK, Aug. 12, 2024 /PRNewswire/ -- The global
industrial IoT gateway market size is estimated to grow
by USD 3.36 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 23.31% during the forecast period. Leveraging
manufacturing data for predictive maintenance is driving
market growth, with a trend towards increasing focus on
providing end-to-end service . However, high installation cost
due to the need for multiple gateways poses a challenge. Key
market players include ADLINK Technology Inc., Advantech Co. Ltd.,
Alten SA, ASUSTeK Computer Inc., Cisco Systems Inc., Dell
Technologies Inc., EUROTECH Spa, Hewlett Packard Enterprise Co.,
Huawei Technologies Co. Ltd., Intel Corp., Intuz Inc., iWave
Systems Technologies Pvt. Ltd., NEXCOM International Co. Ltd., NXP
Semiconductors NV, PHYTEC Messtechnik GmbH, Semtech Corp., Siemens
AG, Super Micro Computer Inc., TE Connectivity Ltd., and Texas
Instruments Inc..
![Technavio has announced its latest market research report titled Global industrial IoT gateway market 2024-2028 Technavio has announced its latest market research report titled Global industrial IoT gateway market 2024-2028](https://mma.prnewswire.com/media/2479490/IRTNTR44685_bw_info_v4.jpg)
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Industrial Iot
Gateway Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
23.31%
|
Market growth
2024-2028
|
USD 3364.3
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
18.59
|
Regional
analysis
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 40%
|
Key
countries
|
US, China, Germany,
Canada, and UK
|
Key companies
profiled
|
ADLINK Technology Inc.,
Advantech Co. Ltd., Alten SA, ASUSTeK Computer Inc., Cisco Systems
Inc., Dell Technologies Inc., EUROTECH Spa, Hewlett Packard
Enterprise Co., Huawei Technologies Co. Ltd., Intel Corp., Intuz
Inc., iWave Systems Technologies Pvt. Ltd., NEXCOM International
Co. Ltd., NXP Semiconductors NV, PHYTEC Messtechnik GmbH, Semtech
Corp., Siemens AG, Super Micro Computer Inc., TE Connectivity Ltd.,
and Texas Instruments Inc.
|
Market Driver
The industrial IoT market has experienced significant growth,
with a double-digit year-over-year increase. Driving this adoption
is the need to enhance manufacturing processes and decrease
operational expenses and time-to-market. Industrial IoT involves
hardware, software, and IoT platform providers. The market is
fragmented, with vendors expanding offerings through acquisitions
and vertical integration. However, implementing IoT projects in
industrial sectors is challenging due to legacy technologies. To
address this, vendors offering end-to-end services are preferred.
Major players like Advantech, HPE, and Moxa provide comprehensive
hardware and software packages, with some even offering online
consulting services. As competition intensifies and IoT adoption
grows, vendors will increasingly focus on end-to-end services,
leading to market expansion during the forecast period.
The Industrial IoT (IIoT) gateway market is experiencing
significant growth due to the widespread adoption of IoT in various
industries, particularly manufacturing. IIoT is revolutionizing
production efficiency, reducing lead times, and enabling customized
products for businesses. Digital transformation technologies like
linked devices, mobile IoT, and edge computing are driving this
trend. Gateway devices, including those using processors and memory
storage devices, facilitate bidirectional communications between
factory assets and the cloud. IIoT is benefiting sectors like
automotive transportation, healthcare, consumer electronics, and
aerospace defense. Energy consumption reduction is a key advantage,
with commercial building owners also embracing IIoT for smart
lighting, heating, and security. Gateway technologies support
various communication protocols such as Bluetooth, Ethernet, and
cellular. Component shortages and security concerns are challenges,
but innovations like MCUs (Microcontroller Units) and SOC
(System-on-Chip) are addressing these issues. Hydrogen fuel cells
and carbon dioxide emissions reduction are emerging applications,
offering potential for increased profits. Major players in the IIoT
gateway market include Advantech and MOXA, offering solutions for
legacy equipment, sensors, controllers, and more. The future of
IIoT is bright, with continuous advancements in technology and
applications.
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Market Challenges
- The integration of information technology and operation
technology in industries can be achieved through edge computing and
industrial IoT gateways. However, the implementation of IoT
projects in process and discrete industries poses challenges. The
primary concerns are data loss and security during the integration
of IoT devices. While small-scale industries can easily adopt IoT
gateways, large industrial premises with multiple divisions require
a mesh network of multiple gateways, increasing overall costs. Data
loss often occurs due to connectivity issues in IoT devices and
faults in gateways. The high cost of installing multiple gateways
may hinder the growth of the industrial IoT gateway market. Despite
the advantages of IoT gateways, many industries still rely on wired
gateways due to their reliability, low data loss, and lower cost.
Thus, resistance to change from wired communication protocols to
wireless ones hinders the adoption of industrial IoT gateways in
the manufacturing industry.
- The Industrial IoT Gateway market is experiencing significant
growth as businesses seek to connect and manage their legacy
equipment with next-generation devices. However, challenges persist
in implementing edge computing, ensuring security, and selecting
the right hardware like MCUs and SOCs. Communication protocols such
as Bluetooth and ZigBee are common, but challenges remain in
endpoint device interoperability and networking connectivity.
Manufacturing industries face cyberattacks and unauthorized access,
necessitating protective circuitry and virtualization. Cloud
integration, data storage, and edge analytics are crucial, but
power consumption is a concern for microcontrollers and older
equipment. Flexible SOC-type designs from companies like Advantech
and MOXA are addressing these challenges, enabling smart lighting,
healthcare, buildings, and even smart cities. MCUs need efficient
SoC designs, and Texas Instruments offers solutions. Sensors and
controllers require pins and socket PCs for connectivity.
Cybersecurity threats demand attention, with cyberattacks targeting
manufacturing and smart cities. Networking protocols and data
storage are essential, but managing these systems can be complex.
Overall, the Industrial IoT Gateway market requires innovative
solutions to address these challenges and unlock the potential of
big data analytics.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This industrial iot gateway market report extensively covers
market segmentation by
- Connectivity
- 1.1 Bluetooth
- 1.2 Wifi
- 1.3 Zigbee
- 1.4 Others
- End-user
- 2.1 Process industries
- 2.2 Discrete industries
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Bluetooth- The Industrial IoT Gateway market
is experiencing significant growth due to the increasing adoption
of IoT technologies in industries. These gateways facilitate
seamless communication between IoT devices and the cloud, enabling
real-time data processing and analysis. Companies are investing in
IoT gateways to improve operational efficiency, reduce costs, and
enhance productivity. The market is expected to continue growing as
more industries embrace digital transformation.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Industrial IoT (IIoT) Gateway market is witnessing
significant growth due to the increasing adoption of edge computing
in industrial automation. Edge computing allows data processing and
analysis at the source, reducing latency and bandwidth
requirements. Security is a major concern in IIoT, with gateways
playing a crucial role in securing communication between sensors,
controllers, and the cloud. MCUs (Microcontroller Units) and SOC
(System-on-Chip) are popular choices for building IIoT gateways.
Bluetooth gateways are gaining popularity for connecting legacy
equipment, while networking protocols like MQTT and CoAP are
commonly used for communication. Sensors and controllers generate
vast amounts of data, which requires efficient data storage and
edge analytics. Next-generation devices are incorporating flexible
SOC-type designs, while management systems ensure seamless
integration with cloud platforms. However, cyberattacks and
unauthorized access pose significant challenges, requiring robust
security measures. Companies are investing in advanced security
features, such as encryption, access control, and intrusion
detection. Belden and Kubernetes are also making strides in the
IIoT gateway market.
Market Research Overview
The Industrial IoT (IIoT) Gateway market is witnessing
significant growth due to the increasing adoption of edge computing
in various industries. Edge computing enables real-time data
processing and analysis at the source, reducing the need for large
amounts of data to be transmitted to the cloud. IIoT gateways act
as intermediaries between sensors, controllers, and the cloud,
ensuring secure and reliable communication using various networking
protocols like Bluetooth, ZigBee, Ethernet, Cellular, and others.
IIoT gateways are essential for connecting legacy equipment and
older devices to the IoT ecosystem. They come in various forms,
including MCUs (Microcontroller Units) and SOC (System-on-Chip)
designs, which offer flexible and power-efficient solutions. The
market is driven by the need for security, as IIoT gateways provide
protective circuitry to prevent cyberattacks and unauthorized
access. IIoT gateways are used in various applications, including
smart lighting, smart healthcare, smart buildings, manufacturing,
and smart cities. They enable virtualization and networking
connectivity, making it easier to manage and monitor linked
devices.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Connectivity
-
- Bluetooth
- Wifi
- Zigbee
- Others
- End-user
-
- Process Industries
- Discrete Industries
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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