IoT Gateway Market was valued at US$ 1.31 Bn. in 2021 and is expected to reach US$ 3.65 Bn. by 2029, at a CAGR of 13.6% during a forecast period.
IoT Gateway Market Overview:
The purpose of this report is to provide a thorough examination of the IoT Gateway market by segments and geographics. The study goes into great detail on the primary factors influencing the IoT Gateway market's growth. The study also offers a comprehensive analysis of the market's value chain.
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IoT Gateway Market Scope:
The "Global IoT Gateway Market Analysis" is a detailed investigation of the IoT Gateway market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the IoT Gateway market as well as detailed market segmentation by application, end-use, and geography. The IoT Gateway market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading IoT Gateway players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the IoT Gateway market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the IoT Gateway market was calculated using the revenue of significant enterprises.
IoT Gateway Market Segmentation:
The global IoT gateway market is further divided based on communication technology into Bluetooth, Wi-Fi, ZigBee, Ethernet, Z-Wave, and Others. Thanks to several high-end features like little battery usage, swift data transfer rates, and high-end encryption for device pairing, the Bluetooth market accounted for 40.5% of revenue in 2020 and is predicted to rise at a CAGR of 18% during the projection period. The 2.402 GHz to 2.480 GHz frequency range, where Bluetooth-enabled IoT devices operate, is appropriate for short-range communications. Their high levels of data security and short-range connectivity will be advantageous to the building automation sector. In order to satisfy consumer demand, Bluetooth communication is anticipated to advance technologically with the introduction of improved capabilities and protocols.
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IoT Gateway Market Key Players:
The major players covered in the IoT Gateway market report are
• Intel Corporation
• Mitsubishi Electric Co
• NXP Semiconductors N.V.
• Super Micro Computer
• ARM Holdings
• Huawei Investment
• Texas Instruments
• Cisco
• Hewlett Packard
• TE Connectivity Ltd.
• STMicroelectronics
• Advantech Co
• Dell Inc.
• Eurotech S.P.A
• AAEON Technology
• Adlink
• NEXCOM International Co
• Microchip Technology
• Notion
• Helium System
IoT Gateway Market Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on IoT Gateway Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the IoT Gateway market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the IoT Gateway industry,
Key Questions Answered in the IoT Gateway Market Report are:
- Which segment grabbed the largest share in the IoT Gateway market?
- What was the competitive scenario of the IoT Gateway market in 2021?
- Which are the key factors responsible for the IoT Gateway market growth?
- Which region held the maximum share in the IoT Gateway market in 2021?
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