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#1 Posted : 04 September 2019 11:41:12(UTC)

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The global industrial IoT gateway market size will grow to USD 1.39 billion by 2021. This report provides an analysis of the market by application (remote monitoring, prevention maintenance, and production optimization), end-user (process and discrete), and geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several companies including AAEON, ADLINK, Advantech, Dell, and Hewlett Packard Enterprise.

Overview of the global industrial IoT gateway market

Technavio’s market research analysts have predicted the global industrial internet of things (IoT) gateway market to grow steadily at a CAGR of around 15% by 2021. One of the primary drivers for this market is the exponential increase in the amount of data generation due to Industrial IoT. The rise in the number of connected devices in multiple industries has led to massive amounts of data generation. Businesses are making use of the data, through analytics, to optimize costs, enhance delivery services, and boost revenues. Also, the increasing number of connected devices is also raising the concern for controlling the data flow rate and consolidating different connection mediums. Consequently, companies are introducing advanced IoT gateways to deal with large amounts of data in automation and flexible production techniques by enhancing productivity.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. An increasing number of industries trying to achieve operational efficiency and competitive gains through the Industrial IoT is the major driver for the growth of the industrial IoT gateway market in the region. The US is likely to be the leading contributor to the IoT gateway market.

Reference: https://www.technavio.co...gateway-market-2017-2021
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