HOME › Press Releases › IoT Gateways Market worth 12.64 Billion USD by 2022
IoT Gateways Market worth 12.64 Billion USD by 2022
According to the new market research report "IoT Gateway Market by Nodes (Smart Watch, Camera, RADAR, Thermostat, Actuator, Smart TV), by Connectivity Technology (Bluetooth, WiFi, ZigBee, Ethernet, Z-Wave), by Component (MCU, FPGA, Sensor, Memory), by End-Use and Geography - Global Forecast to 2022", the IoT gateways market is estimated to reach USD 12.64 Billion by 2022, at a CAGR of 14.2% between 2016 and 2022. Factors which are driving the IoT gateways market include, expanded Internet connectivity, continuous growth in the demand for smart phones & other connecting devices, expansion in the use of wireless sensors and its network, cloud computing technology becoming mainstream.
Browse 118 market data tables and 52 figures spread through 199 pages and in-depth TOC on “IoT Gateway Market - Global Forecast to 2022”
Early buyers will receive 10% customization on reports.
Wearable devices expected to lead the IoT gateways market
Wearable devices are expected to hold the largest share of the IoT gateways market by 2022. The major factors driving the wearable devices market for IoT nodes and gateways include the growing popularity of Internet of Things and the increasing adoption of smart watches and activity trackers in consumer markets. The major opportunities contributing to the growth of the market are the increasing adoption of wearable devices in multiple application areas such as medical and healthcare, industrial, and military among others.
Building automation is second fastest-growing segment of the IoT gateways market
The market for building automation is expected to be the second-highest between 2016 and 2022. This is mainly because high demand for energy efficiency and security & safety required in buildings. Moreover, advancements in the wireless communication technologies and convergence of IoT and building automation would further increase the growth of the building automation system market.
North America expected to hold the largest market share and grow during the forecast period
The IoT gateways market in North America is expected to hold the largest share by 2022 owing to major driving forces– it is home to some of the largest multinational corporations such as General Motors (U.S.) Cisco Systems, Inc. (U.S.) among others in the IoT eco-system. The increased research and development in the field of Internet of Things in terms of new and improved technologies as well as the increasing demand for improved lifestyle are two crucial factors driving this market.
Major players involved in the development of IoT gateways are Intel Corporation (U.S.), Mitsubishi Electric Corporation (Japan), NXP Semiconductors N.V. (Netherlands), Super Micro Computer, Inc. (U.S.), ARM Holdings, Plc. (U.K.), and others.
This research report categorizes the global IoT gateways market based on end use and regions. This report describes the drivers, restraints, opportunities, and challenges with respect to the IoT gateways market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the IoT gateways market.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India