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Global Industrial IoT Gateway Market 2019-2023| 14% CAGR Projection Over the Next Five Years| Technavio

October 23, 2019 GMT
Global Industrial IoT Gateway Market 2019-2023| 14% CAGR Projection Over the Next Five Years| Technavio
Global Industrial IoT Gateway Market 2019-2023| 14% CAGR Projection Over the Next Five Years| Technavio

LONDON--(BUSINESS WIRE)--Oct 23, 2019--

The industrial IoT gateway market size is expected to post a CAGR of close to 14% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global industrial IoT gateway market 2019-2023 (Graphic: Business Wire)

The availability of edge computing has eased the process of data analysis by processing the data closer to the source or at the edge of the network. This technology ensures that the local computing and processing of data is complete, and the necessary data is sent to the server. In industries such as oil and gas as well as metal and mining where process operation is carried out at remote locations, the use of edge computing provides the scope for making the essential data available to locally installed servers, thereby eliminating latency.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30020

As per Technavio, the increasing need for customized IoT gateways will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Industrial IoT Gateway Market: Increasing Need for Customized IoT Gateways

Vendors are increasingly offering new features in their industrial IoT gateway products with additional support tools to differentiate their products in the market. The modular IoT gateways support different types of wireless protocols such as Wi-Fi, Thread, and ZigBee. The availability of multiple field devices with different protocols has increased the need for multi-protocol supporting gateways. Thus, the increasing need for customized IoT gateways will be one of the significant industrial IoT gateway market trends during the forecast period.

“The increasing adoption of IoT- connected devices has increased the need for edge computing and Industrial IoT gateways to improve real-time data analysis. This technology is confined not only to the IT industry but also to discrete industries such as medical device manufacturing, automotive, and many more,” says a senior analyst at Technavio.

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Industrial IoT gateway Market: Segmentation Analysis

This market research report segments the industrial IoT gateway market by end-user (process and discrete) and by region (the Americas, EMEA, and APAC).

The Americas held the largest share of the market in 2018, followed by EMEA and APAC, respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191023005539/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY INTERNET DATA MANAGEMENT

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 10/23/2019 01:00 PM/DISC: 10/23/2019 01:00 PM

http://www.businesswire.com/news/home/20191023005539/en