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Anthony  
#1 Posted : 04 September 2019 11:39:27(UTC)
Anthony

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Joined: 08/02/2019(UTC)
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France
Location: Paris

In the Spring of 2017 Technavio specifically looked at the market of Industrial IoT gateways, forecasting the market to grow at a Compound Annual Growth Rate (CAGR) of more or less 15 percent until 2021.

Taking into account that from and IoT spending and investment perspective industrial markets, with manufacturing, transportation and utilities at the top, are still leading the way and already having quite some IoT projects that two-digit CAGR isn’t bad at all.

Technavio expects the worldwide industrial IoT gateway market to reach a total value of USD 1,390.2 million by 2021. The company defines an IoT gateway as a “switching device used for aggregating, filtering, and processing sensor data by providing a highly secure platform.”

In the industrial IoT gateway market which Technavio analyzed the process industry is by far the largest end customer of industrial IoT gateways with over 68 percent of the market.

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Among the many takeaways from the report as cited in the press release (and of which some are depicted in the graphic below):
  • On an IoT connectivity level there has been a shift from wired to wireless connections in industrial gateways. This is – obviously – fully in line with the increasing use of wireless IoT technologies in industrial settings.

  • The growth of the industrial IoT gateway market is, among others, driven by an increased amount of data in industrial IoT and higher demand for Big Data analytics as mentioned in the introduction.

  • End customers mainly seek cost reduction, quality enhancement and product differentiation.

  • Technical advancements of industrial IoT gateways, among others in terms of connectivity, performance, costs and miniaturization also contribute to higher demand for industrial IoT gateways.

  • Industrial IoT gateways are found to boost enterprise mobility, remote monitoring, secure data exchange, data consolidation and remote system control.

  • Although the announcement doesn’t explicitly mention changes in the IoT ecosystem towards the edge and fog computing, increasing demand for Big Data analytics in industrial IoT de facto translates in a key role for IoT gateways in this changing IoT environment.


Although the announcement doesn’t explicitly mention changes in the IoT ecosystem towards the edge and fog computing, increasing demand for Big Data analytics in industrial IoT de facto translates in a key role for IoT gateways in this changing IoT environment.

On the sampe page of the report (where you can also buy it), which looks at the industrial IoT gateway market from the perspective of 1) geography, 2) applications (remote monitoring, preventive maintenance, and product optimization) and the end customer (process industry, as said by far number one, and discrete industry) Technavio states that the US will be the fastest growing market for Industrial IoT gateways, among others because of higher cloud computing adoption and the existing mobile network infrastructure.

The demand for smart meters in the energy and utility industries is expected to lead to growing demand for IoT gateways as well, Technavio states. The report looks at some vendors in the Industrial IoT gateway space such as AEON, ADLINK, Advantech, Cisco, Dell, Eurotech, Hewlett Packard Enterprise, Huawei, Lantronix and Siemens.

https://www.i-scoop.eu/i...ings-guide/iot-gateways/
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