Authored By: Sarah
15 Jul 2024

 Industrial Multiprotocol Gateways Market Size to grow by USD 230.5 million between 2024-2028

According to a research report “ Industrial Multiprotocol Gateways Market” by Application (Remote monitoring, Product optimization, Preventive maintenance) End-user (Process industries, Discrete industries) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 230.5 million, at a CAGR of over 11.22% during the forecast period. In the complex IoT ecosystem, various layers exist, including the measurement component layer, collection and distribution layer, and analysis layer. Sensors and devices form the foundational layer, responsible for measuring changes and transmitting data. The topmost layer consists of monitoring and measurement equipment used for data analysis. A multiprotocol Industrial IoT gateway functions as a bridge between these layers, facilitating seamless communication and data transfer from devices to end-users. The gateway can be a standalone device or a network of interconnected gateways. The proliferation of IoT technology across industries is fueled by the availability of robust gateway protocols that ensure efficient data exchange between disparate networks.

Browse market data tables, figures, and in-depth TOC on “Industrial Multiprotocol Gateways Market” by Application (Remote monitoring, Product optimization, Preventive maintenance) End-user (Process industries, Discrete industries) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the Remote monitoring segment is projected to dominate the market size in 2024

In today's process industries, the proliferation of digital and IoT solutions has led to an increase in the number of connected processes, heightening operational complexity. This trend is particularly evident in sectors such as oil and gas, power, and chemical and petrochemical. For instance, the upstream oil and gas industry, with its deep-water drilling activities and diverse global locations, presents unique communication challenges. The deployment of remote monitoring solutions in these industries necessitates efficient and reliable multiprotocol gateways to ensure seamless data exchange and effective management of disparate systems.

By End-user, Process industries  segment is expected to hold the largest market size for the year 2024

The remote monitoring segment holds significant importance in the global industrial multiprotocol gateways market. This segment focuses on the creation and deployment of software applications that enable real-time monitoring and control of industrial networks from distant locations. Companies in this segment develop applications that ensure smooth connectivity and communication between industrial devices and gateways, empowering users to manage their industrial processes remotely. Utilizing advanced technologies such as cloud computing, the Internet of Things (IoT), and data analytics, these applications collect and analyze data from sensors, machines, and other connected devices in real time. By implementing remote monitoring applications, businesses can gain invaluable insights into the efficiency, productivity, and health of their industrial networks, ultimately enhancing operational performance and decision-making capabilities.

North America is forecasted to hold the largest market size by region in 2024

The Industrial Multiprotocol Gateways market is experiencing significant growth due to the increasing demand for seamless communication between various industrial automation systems. These gateways facilitate the translation and transmission of data between different protocols, enhancing interoperability and enabling integrated control systems. Companies in this sector are focusing on developing advanced gateways with features such as high security, real-time data transfer, and support for multiple protocols to cater to diverse industry requirements.

The Industrial Multiprotocol Gateways 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:

  • ABB Ltd.
  • Advantech Co. Ltd.
  • Artila Electronics Co. Ltd
  • Atop Technologies
  • Cisco Systems Inc.
  • HMS Networks AB
  • Honeywell International Inc.
  • Intel Corp.
  • International Business Machines Corp.
  • Kessler Ellis Products
  • Larsen and Toubro Ltd.
  • Moxa Inc.
  • MSA Safety Inc.
  • Multi Tech Systems Inc.
  • Novus International Inc.
  • Pepperl and Fuchs SE
  • Samsara Inc.
  • San Telequip Pvt. Ltd.
  • Softing AG
  • SWYCS
.

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Research Analysis Overview

The Industrial Multiprotocol Gateways market is experiencing significant growth due to the increasing adoption of IoT technology in various industries. These gateways act as a bridge between different communication protocols, enabling seamless data exchange between various systems and devices. System-on-chip technology is a key trend in the market, allowing for smaller, more cost-effective gateways. Wifi and Ethernet are popular communication links, with Wi-Fi gaining traction in wireless sensing applications. TCP, UDP, ICMP, ARP, MAC, IP, HDLC, and other communication protocols are supported by these gateways for flexible integration. Cloud technology plays a crucial role in the Industrial Multiprotocol Gateways market, providing remote access and real-time data visualization and filtration. Ether CAT and Ethernet Powerlink are popular fieldbus protocols used in industrial automation, and theft prevention is a growing concern in the market, with alerts and connected intelligence features becoming increasingly important. In plants, these gateways enable networking infrastructure for various sensors and devices, facilitating efficient communication and data exchange. Wi-Fi, Ethernet, and other communication links ensure reliable and secure data transfer, while TCP, UDP, ICMP, ARP, MAC, IP, HDLC, and other protocols ensure compatibility with various systems and devices. The future of the Industrial Multiprotocol Gateways market lies in the integration of advanced communication technologies and the ability to handle large volumes of data from IoT devices.

Market Research Overview

The Industrial Multiprotocol Gateways market is witnessing significant growth due to the increasing adoption of IoT technology in various industries, including Discrete and Process industries. These gateways play a crucial role in connecting various sensors and devices in manufacturing and automation environments, enabling real-time process adjustments and preventive maintenance. Network bandwidth and low latency are essential factors in the selection of Industrial Multiprotocol Gateways. These gateways support various industrial communication protocols such as Ethernet (EtherCAT, Powerlink, PROFINET), Wi-Fi, LoRa, Bluetooth, and others. They also offer multi-radio connectivity and system-on-chip solutions, ensuring reliable and efficient data flow. Industrial Multiprotocol Gateways are used in various applications, including inventory level monitoring, theft prevention, and connected intelligence, providing alerts and visualization of data in real-time. They offer various interfaces such as UART, SPI, USB 2.0, and TCP/IP, making them compatible with various sensors and devices. Leading manufacturers like Nordic Semiconductor offer advanced features such as complex analytics, filtration of data, and cloud storage capacity. These gateways are used in various industries, including automation, manufacturing, and commercial applications, offering benefits such as smart industrial automation, smart retail, and smart homes. In conclusion, Industrial Multiprotocol Gateways play a vital role in the IoT ecosystem by enabling seamless communication between various devices and systems. They offer various features such as multi-protocol support, low latency, and advanced analytics, making them an essential component of the networking infrastructure in various industries.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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