Insights on the Global Industrial IoT Gateway Market 2020- 2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats – Technavio

LONDON–(BUSINESS WIRE)–The industrial IoT gateway market is expected to grow by USD 1.12 billion, accelerating

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 devices and edge computing, the growth of the global industrial IoT gateway market will accelerate during the forecast period.

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Global Industrial IoT Gateway Market: End-User Landscape

Based on the end-user, the process segment is expected to have lucrative growth during the forecast period. The growth of this segment is mainly driven by the high installed base of legacy automation systems and instruments. In addition, the need to reduce interoperability issues while integrating legacy automation systems with industry communication systems is contributing to the overall growth of the segment.

Global Industrial IoT Gateway Market: Geographic Landscape

By geography, North America will have lucrative growth during the forecast period due to the rising adoption of automation in the automotive industry in the region. Besides, the rising focus toward the development of autonomous and electric vehicles is driving the growth of the industrial IoT gateway market in North America.

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Companies Covered

  • 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.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

     

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Process – Market size and forecast 2019-2024
  • Discrete – Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

For more information about this report visit https://www.technavio.com/report/industrial-iot-gateway-market-industry-analysis

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