Market Research Future (MRFR) says that the global IoT gateways market could exhibit a CAGR of 16.9% during the forecast period (2018-2023). It is poised to touch a valuation of USD 15.59 billion by 2023, adds MRFR.

Market Segmentation

Types of IoT gateways mentioned in the report are rugged, lightly rugged, compact, and ultra-compact. The compact segment could be worth USD 6.04 billion by 2023. The rising use of IoT based devices combined with the soaring demand for high-speed Internet will help the segment achieve a CAGR of 18.1% during the forecast period. The rugged segment is estimated to display a CAGR of 17.1% during the given timeframe.

Components covered by the MRFR report are microcontroller unit (MCU), field-programmable gate array (FPGA), memory card, sensor, and others. The sensor segment could reach the valuation of USD 5.23 billion at a growth rate of 18.2% during the forecast period. The segmental control over the market is the result of the rising integration of sensors in IoT devices in industrial network architecture along with other smart devices. Also, mounting demand for wearables could have a significant impact on the segment in the years ahead.

Connectivity-wise, the market covers Wi-Fi, Bluetooth, Ethernet, ZigBee, cellular, and others. The Wi-Fi segment is estimated to be worth USD 3.42 billion by 2023, growing at a rate of 15.24% during the evaluation period. Rising use of Wi-Fi in monitoring systems across various industries, as it ensures seamless transmission of data could benefit the segment in the subsequent years.

Nodes backed by IoT Gateways Market Forecast are smart TV, smart watch, camera, actuator, thermostat, RADAR, and others.

Key Companies

Key companies contributing to the worldwide IoT gateways market are NEC Corporation (Japan), Dell Technologies (U.S.), Siemens AG (Germany), Sierra Wireless, Inc. (Canada), Cisco Systems, Inc., (U.S.), Lantronix Inc. (U.S.), Robert Bosch GmbH (Germany), Toshiba Corporation (Japan), Hewlett Packard Enterprises Company (U.S.), Mitsubishi Electric Corporation (Japan), Fujitsu Ltd. (Japan), Huawei Technologies Co. Ltd. (China), Eurotech SPA (Italy), to mention a few

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