In the changing techno0logical world, more and more devices are getting connected together and building internet of things (IoT) architecture across the world. Considering the current scenario, all the internet devices will be connected in future.
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Cellular IoT Gateways is a device enabling machine-to-machine communication by connecting appliances in the home, workplace or smart city to a cellular network. IoT device gets connected with device gateway on the network side which in turn interfaced with the internet via WAN connection.
This way two IoT devices can communicate with each other. The components of Cellular IoT Gateway includes hardware and software.
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The major driving factors for the growth of the cellular IoT gateways market are increasing Internet connectivity, continuous growth in the demand for smartphones & other connecting devices, expansion in the use of wireless sensors and its network, and cloud computing becoming mainstream. The major opportunities contributing to the growth of the market are the increasing adoption of wearable devices in multiple application areas such as medical and healthcare, industrial, and military among others.
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North America expected to hold the largest market share during the forecast period as it home to some of the largest multinational corporations such as Cisco Systems, Inc. (U.S.) and Qualcomm Inc. (U.S.).
Asia-Pacific region is expected to have a moderate growth rate for cellular IoT gateway market as countries such as China and Taiwan have the advantage of a large pool of vendors. Latin America and Middle East and Africa regions are yet to match the pace of global Cellular IoT gateway market.
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