The industrial IoT gateway market size is expected to grow by USD 1.25 billion and accelerate at a CAGR of 16.63% from 2021 to 2025. This market research report by Technavio offers key insights into the latest drivers, challenges, and trends, as well as an analysis of the best-performing regions and market segments.
Drivers and Challenges
Technavio has identified the major drivers and challenges that impact the industrial IoT gateway market. According to our research, leveraging manufacturing data for predictive maintenance is propelling market growth. However, factors such as high installation cost due to the need for multiple gateways may hamper the market during the forecast period.
Market Segmentation
The industrial IoT gateway market has been segmented by geography into North America, APAC, Europe, South America, and MEA. During the forecast period, 36% of the market’s growth will originate from APAC, with China being the key country.
Based on end-user, the industrial IoT gateway market has been segmented into the process and discrete. The process segment will have significant market share growth during the forecast period.
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Key Vendors and Offerings:
Technavio has identified key vendors operating in the market. These include Advantech Co. Ltd., ASUSTeK Computer Inc., Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Intel Corp., NXP Semiconductors NV, Siemens AG, and Super Micro Computer Inc. The key offerings of some of these vendors are mentioned below:
- Advantech Co. Ltd: The company offers IoT Gateway starter kit created in collaboration with Intel and Microsoft.
- ASUSTeK Computer Inc: The company offers IoT Gateway under the brand name AIOT-IGWS01.
- Cisco Systems Inc: The company offers IoT Gateway under the brand name Cisco IG20R Rugged Series IoT Gateways.
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