The global IoT Gateway market, analyzes and researches the IoT Gateway development status and forecast in United States, EU, Japan, China, India and Southeast Asia. Learn details of the Current trends and future opportunities by 2022
One of the primary drivers for this market is the exponential increase in the amount of data generation due to Industrial IoT. The rise in the number of connected devices in multiple industries has led to massive amounts of data generation.
Businesses are making use of the data, through analytics, to optimize costs, enhance delivery services, and boost revenues. the increasing number of connected devices is also raising the concern for controlling the data flow rate and consolidating different connection mediums.
These advantages of the IoT gateway are expected to propel the growth of the global industrial IoT gateway market during the forecast period.
The largest market in the end use segment is wearable devices owing to many reasons such as high acceptance of this new technology and trusted brands such as Apple Inc. (U.S.) and Samsung Electronics (South Korea) developing smart devices.
The market for building automation is expected to grow at the second-highest rate during the forecast period. There is huge demand for the energy-efficient solutions, security, and increase in the use of the connectivity technologies such as ZigBee, Zwave, and Enocean among others.
The top players in global market, likeIntel Corporation
Mitsubishi Electric Corporation
Super Micro Computer
In the IoT ecosystem, automotive and transportation would have good prospects in the future. In transportation, Internet of Things (IoT) applications helps improve transport utilization and road safety with the convergence of real-time road traffic data.
The data is collated from various sensors such as fiber optic cables and CCTV cameras, and the analytics of the real-time data is performed by back-end systems; taking into consideration the past data trends, future plans can be developed for the improvement of the traffic system.
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