LONDON–(BUSINESS WIRE)–The industrial IoT gateway market is expected to grow by USD 1.12 billion, accelerating at a CAGR of over 15% during the forecast period. Download Free Sample Report
The increased focus on edge computing is one of the major factors propelling market growth. However, the high installation cost will hamper market growth.
The rise in the number of instruments used on industrial premises has increased the overall volume of data generation. This has created a need for segregating data to ensure better decision making among industrial operators. Besides, the growing use of IoT enabled devices has increased the need for edge computing and industrial IoT gateways to improve real-time data analysis. The integration of IoT devices, edge computing, and big data analysis helps in proper decision making as it provides accurate information and identifies the actual cause of the underlying problem. With the rising adoption of IoT