Industrial Iot Gateway Market Size to grow by USD 3364.3 million between 2024-2028
According to a research report “ Industrial Iot Gateway Market” by Connectivity (Bluetooth, Wifi, Zigbee, Others) End-user (Process industries, Discrete industries) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3364.3 million, at a CAGR of 23.31% during the forecast period. In the industrial sector, the surge in demand for Internet of Things (IoT) gateways is primarily driven by the necessity to collect and analyze data from IoT-enabled devices to optimize plant operations and maintenance. These devices, including wireless acoustic transmitters and steam trap monitors, facilitate data collection and analysis, allowing industrial operators to compare equipment efficiency and performance, plan maintenance activities, and minimize unplanned downtime caused by machine failures. This shift towards predictive maintenance enhances operational efficiency and productivity by enabling proactive maintenance based on data-driven insights. Predictive maintenance strategies reduce production downtime and maintenance costs by anticipating equipment failures and addressing issues before they escalate.
Browse market data tables, figures, and in-depth TOC on “Industrial Iot Gateway Market” by Connectivity (Bluetooth, Wifi, Zigbee, Others) End-user (Process industries, Discrete industries) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Connectivity, the Bluetooth segment is projected to dominate the market size in 2024
The Industrial IoT Gateway market is experiencing significant growth due to the increasing demand for seamless connectivity between industrial devices and enterprise networks. These gateways act as a bridge, enabling secure and reliable data transfer between edge devices and the cloud. Companies are investing in IoT solutions to enhance operational efficiency, reduce costs, and improve productivity. The market is expected to continue its upward trajectory, driven by advancements in technology and the growing adoption of Industry 4.0.
By End-user, Process industries segment is expected to hold the largest market size for the year 2024
The Industrial IoT Gateway market is experiencing significant growth due to the increasing demand for seamless connectivity between industrial devices and the cloud. These gateways serve as a bridge, enabling real-time data transfer and analysis, enhancing operational efficiency and productivity. Key players in this market include Cisco Systems, Siemens, and General Electric, who are investing heavily in advanced technologies to cater to evolving industry requirements.
North America is forecasted to hold the largest market size by region in 2024
The Industrial IoT Gateway market is experiencing significant growth due to the increasing demand for seamless connectivity between industrial devices and the cloud. These gateways serve as critical intermediaries, enabling real-time data transfer and analysis. Companies are investing in IoT solutions to optimize operations, enhance productivity, and reduce costs. The market is expected to reach new heights with advancements in edge computing, 5G technology, and AI integration.
The Industrial Iot Gateway Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Industrial IoT (IIoT) Gateway market is witnessing significant growth due to the increasing adoption of next-generation devices and older equipment integration into the digital world. Companies like Belden, Teltronic, MOXA, and Advantech are leading the way with flexible SOC-type designs that support various networking protocols, including Kubernetes, for seamless integration with cloud-based management systems. These gateways provide edge analytics capabilities, enabling real-time data processing and analysis, reducing the need for large-scale data transfer to the cloud. With the rise of big data analytics, data storage and security have become critical concerns. Gateways offer edge computing capabilities, ensuring data security and minimizing the risk of unauthorized access and cyberattacks. IIoT gateways serve as entry-point edge devices for sensors and controllers, supporting communication protocols like Bluetooth, Zigbee, and Modbus. SOC (System-on-Chip) and MCUs (Microcontroller Units) are popular choices for building these gateways due to their low power consumption and high processing capabilities. Companies like Belden and MOXA offer advanced security features, including encryption and firewalls, to protect against potential threats. In conclusion, the IIoT Gateway market is poised for growth, driven by the need for secure and efficient data processing and communication between next-generation devices and legacy equipment. Companies investing in this space will benefit from the increasing demand for edge computing and data analytics in industrial applications.
Market Research Overview
The Industrial IoT (IIoT) gateway market is experiencing significant growth as more industries adopt digital transformation technologies to enhance operational efficiency and reduce energy consumption. The market is driven by various factors, including the adoption of IoT sensors and actuators, the need for bidirectional communications between linked devices, and the requirement for real-time data processing at the edge. Key players in the market include Texas Instruments, MOXA, Advantech, and others. They offer a range of gateway devices, from entry-point edge devices to next-generation devices with advanced SoC (System-on-Chip) designs and MCU (Microcontroller Unit) needs. Component shortages, such as those affecting memory storage devices and processors, have impacted profits in the market. However, the market is expected to continue growing, with profits expected to reach USDXXX billion by 2027. The LAMEA (Latin America, Middle East, and Africa) region is expected to see significant growth in the IIoT gateway market, driven by the adoption of IoT in industries such as Aerospace & Defense, Consumer Electronics, Healthcare, Automotive & Transportation, and others. Carbon dioxide emissions reduction is a key driver for the market, with many industries looking to reduce their environmental footprint through the use of IoT technologies. Hydrogen fuel cells and other renewable energy sources are being integrated into IIoT gateway designs to reduce power consumption and improve operational gross margins. Security is a major concern in the IIoT gateway market, with unauthorized access and cyberattacks a significant risk. Virtualization and cloud technologies are being used to improve security and enable edge computing, while networking protocols such as ZigBee and Bluetooth are being used for endpoint device interoperability. The market for IIoT gateways is expected to continue growing, with the need for customized products and shorter lead times driving innovation in SoC designs and networking connectivity. Energy consumption reduction and production efficiency are key benefits for manufacturing businesses, with smart cities and smart buildings also driving demand for IIoT gateways.
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