Authored By: Sarah
19 Jan 2021

Industrial Multiprotocol Gateways Market Size to Grow by $ 135.15 mn through 2021-2025

The industrial multiprotocol gateways market is expected to grow by $ 135.15 mn, accelerating at a CAGR of almost 10% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report

Industrial Multiprotocol Gateways Market: Segmentation by End-user

This report provides a detailed analysis of the market by End-user (Process industries and Discrete industries), Application (Remote monitoring, Preventive maintenance, and Product optimization), and Geography (Europe, North America, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Industrial Multiprotocol Gateways Market | Europe to Dominate Market Growth through 2021-2025

Industrial Multiprotocol Gateways Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Advantech Co. Ltd., Artila Electronics Co. Ltd, ASUSTeK Computer Inc., HMS Industrial Networks AB, Honeywell International Inc., Infoteam Informatique Technique SA, Kessler-Ellis Products Co. Inc., Moxa Inc., and San Telequip Pvt. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Technavio has been monitoring the Global Industrial Multiprotocol Gateways Market and it is expected to grow by USD 135.15 million progressing at a CAGR of over 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Industrial Multiprotocol Gateways Market | Europe to Dominate Market Growth through 2021-2025

Europe: Germany and UK to Drive Growth

Europe will offer several growth opportunities to market vendors during the forecast period. 35% of the market growth will originate from Europe during the forecast period. Germany and the UK are the key markets for industrial multiprotocol gateways in Europe. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the industrial multiprotocol gateways market market size.

Factors such as the growing prominence of IoT gateways, the growing need to handle multiple communication devices, and government support for IoT and networking infrastructure will offer immense growth opportunities. However, barriers created owing to traditional mechanisms, cybersecurity threats for gateways, and time delays and difficulties in network diagnosis in gateways may impede the market growth. 

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. 

Industrial Multiprotocol Gateways Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Advantech Co. Ltd., Artila Electronics Co. Ltd, ASUSTeK Computer Inc., HMS Industrial Networks AB, Honeywell International Inc., Infoteam Informatique Technique SA, Kessler-Ellis Products Co. Inc., Moxa Inc., and San Telequip Pvt. Ltd.are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Industrial Multiprotocol Gateways Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive Industrial Multiprotocol Gateways Market growth during the next five years
  • Precise estimation of the Industrial Multiprotocol Gateways Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial multiprotocol gateways industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Industrial Multiprotocol Gateways Market vendors
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