Enjoy complimentary customisation on priority with our Enterprise License!
The industrial multiprotocol gateways market size is forecast to increase by USD 230.5 million, at a CAGR of 11.22% between 2023 and 2028. Market growth hinges on several key factors: the increasing prominence of IoT gateways, which facilitate seamless connectivity and data management across diverse IoT devices; the growing necessity to manage multiple communication protocols effectively, ensuring interoperability and efficiency in IoT ecosystems; and rising demand for remote monitoring and preventive maintenance solutions, enhancing operational efficiency and reducing downtime in various industries. IoT gateways serve as crucial components that bridge the gap between IoT devices and cloud-based platforms, enabling real-time data processing and analytics.
Simultaneously, the ability to handle multiple communication protocols supports scalable and integrated IoT deployments, accommodating diverse device types and network environments. Furthermore, the shift towards remote monitoring and preventive maintenance solutions leverages IoT capabilities to monitor equipment performance, predict potential failures, and optimize maintenance schedules, thereby reducing costs and enhancing productivity. These trends collectively drive market growth by fostering innovation in IoT technologies and addressing emerging challenges in connectivity, communication management, and operational efficiency across industries worldwide. Our market growth analysis report examines historic data from 2018 - 2022, besides analyzing the current and forecasts market scenario.
To learn more about this report, Request Free Sample
The market facilitates seamless communication links across diverse protocols like HDLC, IP, MAC, ARP, and TCP, crucial for networking infrastructure in industries. These gateways enable filtration of data and visualization for real-time asset health monitoring and asset and material tracking in plants and consumer packaged goods companies. They support wireless sensing technologies for connected intelligence, issuing alerts and mitigating risks such as theft. Integrating protocols like Ethernet Powerlink, Ether CAT, and Wi-Fi, these gateways ensure robust connectivity through ICMP and UDP, enhancing cloud and System-on-chip capabilities. The Collection and distribution layer optimizes Ethernet Powerlink and Wi-Fi for efficient data collection and distribution, enhancing operational efficiency and reliability in industrial environments.
Remote monitoring has become increasingly crucial for businesses due to the advent of Industry 4.0 and the IIoT. The main advantage of industrial multiprotocol gateways is that they enable uninterrupted connectivity and communication between diverse systems, allowing real-time monitoring of equipment, processes, and critical parameters. Additionally, it helps businesses to determine potential issues, monitor performance, and proactively identify any anomalies or deviations.
Moreover, another factor that is fuelling the adoption of industrial multiprotocol gateways is the increasing demand for preventive maintenance. These gateways enable the collection and analysis of real-time data from connected devices and systems, allowing predictive maintenance strategies. Hence, such factors are positively impacting the market which in turn will drive the market growth during the forecast period.
A wireless sensor network essentially includes spatially distributed autonomous devices that leverage sensors to monitor any physical asset or environmental condition. It mainly comprises nodes, gateways, and software. The nodes are used to monitor the physical asset or the environment to collect data with the help of sensors and are then transmitted to gateways.
Moreover, there is a growing popularity for wireless protocols due to the increasing need for efficient and seamless connectivity resulting in the the emergence of several specialized protocols. Furthermore, there is an increasing need for multiprotocol gateways fuelled by the growing need to harness the full capabilities of protocols, keep track of the operations of different protocols while working together, and determine the range, throughput, security, latency, resilience, flexibility, and power consumption. Hence, such factors will drive the market growth during the forecast period.
End-users are more prone to cyberattacks due to the increasing penetration of digitization and the addition of multiple Internet protocol gateways. The main challenge is keeping up with the security measures as per the development of cyber security attacks. There is a significant evolution in cyber threats with hackers devising new methodologies for cyberattacks due to the introduction of ransomware and distributed denial of service (DDoS) attacks.
For instance, ransomware attacks comprise the hacking of a system that hackers deem essential for a particular party, followed by the demanding of a ransom in return from the concerned party. Furthermore, IoT gateways are more prone to cyberattacks as they provide hackers with multiple points for access, making them a highly vulnerable target. Hence, such actors are negatively impacting the market which in turn will hinder the market growth during the forecast period.
The remote monitoring segment is estimated to witness significant growth during the forecast period. The remote monitoring segment comprises the development and implementation of software applications that enable real-time monitoring and control of industrial networks from remote locations. In the remote monitoring segment, companies specifically design applications that allow uninterrupted connectivity and communication between industrial devices and gateways, enabling users to remotely monitor and manage their industrial processes.
Customized Report as per your requirements!
The remote monitoring segment was the largest segment and was valued at USD 104.60 million in 2018. These applications collect and analyze data from sensors, machines, and other connected devices by leveraging technologies such as cloud computing, the Internet of Things (IoT), and data analytics. There is increasing adoption of remote monitoring applications across businesses in order to gain valuable insights into the performance, efficiency, and health of their industrial networks in real-time. Some of the key parameters that can be monitored by the remote monitoring segment include temperature, pressure, flow rate, and other critical metrics to ensure optimal operation and identify any potential issues or anomalies. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
For more insights on the market share of various regions Download Sample PDF now!
Europe is estimated to contribute 34% to the growth during the forecast year. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. One of the main factors that is significantly contributing to the growth of the global industrial multiprotocol gateways market in North America is the the increasing adoption of smart manufacturing and industrial automation technologies. The main purpose of the industrial multiprotocol gateways is that they serve as a bridge between various industrial protocols, facilitating seamless communication and interoperability between different devices and systems.
In addition, the growing demand for IIoT solutions is fuelling the market growth in the region. Several industrial organizations are increasingly deploying IoT solutions due to the rising need for real-time data monitoring and analysis in order to enhance operational efficiency and productivity. Furthermore, the growing requirement for interoperability across different industrial protocols is positively impacting the market growth. hence such factors are driving the market growth in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on key companies, including:
Advantech Co. Ltd., Artila Electronics Co. Ltd, Atop Technologies, Cisco Systems Inc., HMS Networks AB, Honeywell International Inc., Intel Corp., International Business Machines Corp., Kessler Ellis Products, Larsen and Toubro Ltd., Moxa Inc., MSA Safety Inc., Multi Tech Systems Inc., Novus International Inc., Pepperl and Fuchs SE, Samsara Inc., San Telequip Pvt. Ltd., Softing AG, and SWYCS
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research and growth report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
You may also interested in below market reports:
Network (VPN) Market Virtual Private Network (VPN) Market North America, Europe, APAC, South America, Middle East and Africa - US, Canada, China, UK, Germany - Size and Forecast
Managed Multiprotocol Label Switching (MPLS) Market Managed Multiprotocol Label Switching (MPLS) Market by End-user, Services, and Geography - Forecast and analysis
Software-defined Wide Area Network (SD-WAN) Market Software-defined Wide Area Network (SD-WAN) Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, China, Japan, UK, Germany - Size and Forecast
The market plays a pivotal role in facilitating robust communication links and data management across various industries, particularly in the automation industry. These gateways integrate System-on-chip multiprotocol technologies to support diverse protocols such as TC, SPI, UART, and TWI analog and digital interfaces, enabling seamless connectivity for equipment and machinery in process plants and factories. They enhance visualization of data and enable complex analytics crucial for smart systems in smart homes and smart industrial automation. Utilizing cloud storage capacity and IoT eco-systems, multiprotocol gateways facilitate machine-to-machine communication and real-time process adjustments through multi-radio connectivity including Bluetooth (BT), LoRa, and Zigbee wireless technologies. They support remote-monitoring and supervisory control across commercial and industrial applications, optimizing network bandwidth and ensuring efficient data flow for enhanced operational performance and management of inventory levels in real-time.
Industry Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.22% |
Market growth 2024-2028 |
USD 230.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
9.8 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 34% |
Key countries |
US, China, Germany, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Advantech Co. Ltd., Artila Electronics Co. Ltd, Atop Technologies, Cisco Systems Inc., HMS Networks AB, Honeywell International Inc., Intel Corp., International Business Machines Corp., Kessler Ellis Products, Larsen and Toubro Ltd., Moxa Inc., MSA Safety Inc., Multi Tech Systems Inc., Novus International Inc., Pepperl and Fuchs SE, Samsara Inc., San Telequip Pvt. Ltd., Softing AG, and SWYCS |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.