The global market for Industrial IoT Gateways is estimated at US$2.6 Billion in 2023 and is projected to reach US$7.4 Billion by 2030, growing at a CAGR of 16.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the industrial IoT gateways market is driven by several factors reshaping the industrial landscape. The increasing adoption of IoT solutions across various industries, such as manufacturing, energy, and transportation, is a primary driver, as these sectors seek to enhance operational efficiency and productivity. The advancements in wireless communication technologies, particularly the rollout of 5G networks, are propelling market growth by enabling faster and more reliable data transmission. The rising need for real-time data analytics and decision-making is driving the adoption of edge computing capabilities within IoT gateways.
Furthermore, the growing emphasis on cybersecurity is leading to the development of more secure and resilient gateway solutions. Additionally, the expansion of smart factories and the implementation of Industry 4.0 initiatives are creating new opportunities for IoT gateways, as they facilitate the integration of various industrial systems and processes. As industries continue to prioritize digital transformation and connectivity, the demand for advanced IoT gateways is expected to witness sustained growth.
The growth in the industrial IoT gateways market is driven by several factors reshaping the industrial landscape. The increasing adoption of IoT solutions across various industries, such as manufacturing, energy, and transportation, is a primary driver, as these sectors seek to enhance operational efficiency and productivity. The advancements in wireless communication technologies, particularly the rollout of 5G networks, are propelling market growth by enabling faster and more reliable data transmission. The rising need for real-time data analytics and decision-making is driving the adoption of edge computing capabilities within IoT gateways.
Furthermore, the growing emphasis on cybersecurity is leading to the development of more secure and resilient gateway solutions. Additionally, the expansion of smart factories and the implementation of Industry 4.0 initiatives are creating new opportunities for IoT gateways, as they facilitate the integration of various industrial systems and processes. As industries continue to prioritize digital transformation and connectivity, the demand for advanced IoT gateways is expected to witness sustained growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Process Industry End-Use segment, which is expected to reach US$5.3 Billion by 2030 with a CAGR of a 17.3%. The Discrete Industry End-Use segment is also set to grow at 14.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $709.3 Million in 2023, and China, forecasted to grow at an impressive 15.3% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Industrial IoT Gateways Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial IoT Gateways Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Industrial IoT Gateways Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AAEON Technology Inc., Advantech Co., Ltd., Cisco Systems, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 46 Featured):
- AAEON Technology Inc.
- Advantech Co., Ltd.
- Cisco Systems, Inc.
- Dell Technologies
- Hewlett Packard Enterprise Development LP (HPE)
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- AAEON Technology Inc.
- Advantech Co., Ltd.
- Cisco Systems, Inc.
- Dell Technologies
- Hewlett Packard Enterprise Development LP (HPE)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 196 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.6 Billion |
| Forecasted Market Value ( USD | $ 7.4 Billion |
| Compound Annual Growth Rate | 16.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
