Latest News- Industrial IoT Gateway Market: Wired IoT Gateway is expected to lead the Connectivity segment during 2025-2029

The Industrial IoT Gateway Market is being driven by Leveraging manufacturing data for predictive maintenance

The Industrial IoT Gateway Market is expected to grow at a CAGR of 20.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3410.3 million. The industrial IoT market has experienced robust double-digit year-over-year growth, driven primarily by the industrial sector's need to optimize manufacturing processes and decrease operational expenses (OPEX) and time-to-market. This market encompasses hardware, software, and IoT platform providers. Despite the market's fragmented nature, vendors are expanding their offerings through mergers and acquisitions and vertical integration to enhance their product development capabilities. However, the implementation of IoT projects in industrial settings presents challenges due to the prevalence of legacy operational technologies. Consequently, industrial operators rely on comprehensive end-to-end solutions from vendors to navigate these complexities. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Connectivity
  • Wired IoT Gateway
  • Wireless IoT Gateway
• End-user
  • Process industries
  • Discrete industries
• Processing Capability
  • Edge IoT Gateway
  • Standard IoT Gateway
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Leveraging manufacturing data for predictive maintenance
• Increased focus on edge computing
• Ease of converging information and operation technologies

However, the market also witnesses some limitations, which are as follows:

• High installation cost due to the need for multiple gateways
• Delays and excess data load
• Cybersecurity threats

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Market Scope in Industrial IoT Gateway Market Research Report

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Research Analysis Overview

The Industrial IoT Gateway Market is witnessing significant growth due to the adoption of edge computing, which allows data processing at the source. Security is a major concern, with MCUs and SOCs being fortified against cyberattacks and unauthorized access. Communication protocols like Bluetooth are used in gateways from companies such as Advantech and MOXA. Legacy equipment and sensors are integrated using these gateways, while cloud connectivity facilitates big data analytics. Networking protocols and data storage are essential features, with edge analytics providing real-time insights. Entry-point edge devices offer flexibility through SOC-type designs, and management systems ensure seamless integration of next-generation devices. Companies like Teltronic prioritize security, and Belden focuses on Kubernetes for containerized applications.

Market Research Overview

The Industrial IoT Gateway market is a significant segment of the larger Communications Equipment Market, encompassing manufacturers of edge computing solutions, MCUs (Microcontroller Units), and SOCs (Systems-on-Chips). Technavio's market analysis includes edge computing devices, security systems, Bluetooth gateways, and communication protocols. Key industries driving growth in this market include Smart Lighting, Smart Healthcare, and Smart Buildings. Advantech, a leading player, specializes in industrial automation and IoT solutions. Market expansion is fueled by the increasing number of data centers, necessitating advanced communication infrastructure for seamless data transmission and processing. Security concerns are another crucial factor, necessitating robust gateway solutions to protect IoT networks from cyber threats.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/