Global IOT Gateway Market report is a synopsis on the study of the information technology industry which explains the market definition, classifications, applications, engagements, and global industry trends.
Global IOT Gateway Industry market report directly focuses on all the key players and brands as their moves always make a difference in terms of sales, import, export and revenue at a global level due to their recent developments, products launches, research, joint ventures, mergers, and acquisitions. The report covers all the company portfolios of the major players and brands while determining the market drivers and restraints using SWOT analysis and Porter’s Five Forces method.
Global IoT Gateways Market is expected to reach USD 21.5 billion by 2026 from USD 7.3 billion in 2018 and is projected to grow at a CAGR of 14.4% in the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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Major Companies Operating in IOT Gateway Market:
- Intel Corporation
- Mitsubishi Electric Corporation
- NXP Semiconductors
- Arm Limited
- Hewlett Packard Enterprise Development LP
- TE Connectivity
- ADLINK Technology
- NEXCOM International
- Microchip Technology
- Notion Labs
- Samsara and Estimote
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Major Things Affecting IOT Gateway Market is Increasing demand in providing security in IPv6. Growing demand in building automation system. Research and development took place to improve the local area networks (LANs) and wide area networks (WANs).Rising demand in manufacturing miniaturization processors. Distortion due to complex network architecture. Lack of security and privacy of user data.
Most important Developments in Market:
- In 2018, Bosch launched an IoT data management service, which enabled in providing service that receives every data and store it initially in a raw format with FTP and HTTP interface. It also analyzes the data with the help of MongoDB and NoSQL that visualizes the user-defined dashboards.
- In 2018, Etisalat Digital launched an IoT (Internet of Things) gateway solution that used in beneficial for vending machines, payment kiosks, traffic lights, radars, digital signage and smart metering.
The global IoT gateways market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of IoT gateways market for global, Europe, North America, Asia Pacific and South America.
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Segmentation: Global IoT Gateways Market
- Smart Watch
- Smart TV
- Wearable Devices,
- Automotive & Transportation,
- Building Automation,
- Consumer Electronics.
- North America
- South America
- Rest of South America
- United Kingdom
- Middle East and Africa
- South Africa
Market Drivers & Restraints:
- Increasing demand in providing security in IPv6.
- Growing demand in building automation system.
- Research and development took place to improve the local area networks (LANs) and wide area networks (WANs).
- Rising demand in manufacturing miniaturization processors.
- Distortion due to complex network architecture.
- Lack of security and privacy of user data.
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