Global Industrial IoT Gateway Market 2019-2023
About Industrial IoT Gateway
An industrial IoT gateway is a switching device used for aggregating, filtering, and processing sensor data by providing a highly-secured platform.
Technavio’s analysts forecast the Global Industrial IoT Gateway Market to grow at a CAGR of 13.64% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the industrial IoT gateway market. To calculate the market size, the report considers the revenue generated from the retail sales of industrial IoT gateway solutions across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Industrial IoT Gateway Market 2019-2023
Technavio recognizes the following companies as the key players in the global industrial IoT gateway market: Advantech, ASUSTeK Computer (AAEON Technologies), Cisco Systems, Dell Technologies, and Hewlett Packard Enterprise Development.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increasing focus on providing end-to-end services. The rising need for IoT gateway architecture to enhance the effective interaction between machines with increased data sets is expected to augment the growth of the global industrial IoT gateway market over the next few years.”
According to the report, one driver influencing this market is the rise in demand for IoT gateway devices. Most of the end-users are shifting their focus towards predictive maintenance as it helps in reducing production downtime and increases operational efficiency which is going favor the growth of the global industrial IoT gateway market.
Further, the report states that one challenge affecting this market is the high installation cost due to the need for multiple gateways. Multiple gateways for a single network increase the overall cost for the end-users which is expected to hinder the growth of the market.
ASUSTeK Computer (AAEON Technologies)
Hewlett Packard Enterprise Development