Industrial IoT Gateway Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44685
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The industrial IoT gateway market has the potential to grow by USD 1.25 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 16.63%.

This industrial IoT gateway market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (process and discrete) and geography (North America, APAC, Europe, South America, and MEA). The industrial IoT gateway market report also offers information on several market vendors, including 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. among others.

What will the Industrial IoT Gateway Market Size be in 2021?

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Industrial IoT Gateway Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The leveraging manufacturing data for predictive maintenance is notably driving the industrial IoT gateway market growth, although factors such as high installation cost due to the need for multiple gateways may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial IoT gateway industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the industrial IoT gateway market is the leveraging of manufacturing data for predictive maintenance.
  • The collected data on machines and systems allow industrial operators to compare efficiency and performance.
  •  The data helps in planning maintenance activities which, in turn, reduces the overall downtime due to unplanned machine failure.
  • The industrial IoT gateway sits in between the IoT-connected devices and physical or cloud servers and its ability to aggregate the data route to the server at high speed has intensified the need for industrial IoT gateways used for predictive maintenance.
  • The increased focus on edge computing is another factor supporting the industrial IoT gateway market share growth.
  • Edge computing has eased the process of data analysis by processing the data closer to the source ensuring complete local computing and processing of data.
  • The increasing adoption of IoT-connected devices has increased the need for edge computing and industrial IoT gateways to improve real-time data analysis.
  • The integration of IoT-integrated devices, edge computing, and big data analysis provides enterprises with the ability to predict future risks and take necessary steps for risk mitigation.

This industrial IoT gateway market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Industrial IoT Gateway Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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
  • Super Micro Computer Inc.

 

This statistical study of the industrial IoT gateway market encompasses successful business strategies deployed by the key vendors. The industrial IoT gateway market is fragmented and the vendors are deploying growth strategies such as increasing their product offerings and integrating with peer companies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial IoT gateway market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial IoT Gateway Market?

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36% of the market’s growth will originate from APAC during the forecast period. China is the key market for the industrial IoT gateway market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing demand from the power, food and beverage, oil and gas, automotive, as well as pulp and paper industries will facilitate the industrial IoT gateway market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Industrial IoT Gateway Market?

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The industrial IoT gateway market share growth by the process segment will be significant during the forecast period. The process segment holds a dominating share in the global industrial IoT gateway market owing to the high installed base of legacy automation systems and instruments. The need to reduce interoperability issues while integrating legacy automation systems with industry communication systems has been the key driving factor for the growth of the major process industries such as oil and gas, chemical and petrochemical, power, and food and beverage.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial IoT gateway market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Industrial IoT Gateway Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial IoT gateway market growth during the next five years
  • Precise estimation of the industrial IoT gateway market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial IoT gateway industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial IoT gateway market vendors

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Industrial IoT Gateway Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 16.63%

Market growth 2021-2025

$ 1.25 billion

Market structure

Fragmented

YoY growth (%)

16.41

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 36%

Key consumer countries

US, China, Germany, Canada, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The industrial iot gateway market growth will increase by $1118.84 million during 2019-2024.
The industrial iot gateway market is expected to grow at a CAGR of 15.48% during 2019-2024.
Technavio has segmented the industrial iot gateway market by end user (Process and Discrete) and geographic (North America, APAC, Europe, South America, and MEA).
Advantech Co. Ltd., ASUSTeK Computer Inc., Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., Intel Corp., NXP Semiconductors NV, Siemens AG, Super Micro Computer Inc. are a few of the key vendors in the industrial iot gateway market.
North America will register the highest growth rate of 36.15% among the other regions. Therefore, the industrial iot gateway market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial iot gateway market growth are:
  • Leveraging manufacturing data for predictive maintenance
  • Increasing focus on providing end-to-end service
The industrial iot gateway market vendors should focus on grabbing business opportunities from the process segment as it accounted for the largest market share in the base year.
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