The industrial IoT gateway market is expected to grow by USD 1.12 billion, progressing at a CAGR of over 15% during the forecast period.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201120005486/en/
Technavio has announced its latest market research report titled Global Industrial IoT Gateway Market 2020-2024 (Graphic: Business Wire)
Click Get Free Sample Report in Minutes
The increased focus on edge computing is one of the major factors propelling market growth. However, factors such as high installation costs due to the need for multiple gateways will hamper the market growth.
More details: https://www.technavio.com/report/industrial-IoT-gateway-market-industry-analysis
Industrial IoT Gateway Market: End-user Landscape
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. IoT is helping organizations in the smooth transition of manufacturing floor operations in several ways, which will drive the growth of the market during the forecast period.
Industrial IoT Gateway Market: Geographic Landscape
North America was the largest industrial IoT gateway market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The numerous investments in capacity addition, renovation, and upgrading in the oil and gas, power, and automotive industries, especially in the US will significantly drive industrial IoT gateway market growth in this region over the forecast period. 36% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for industrial IoT gateway in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Related Reports on Information Technology Include:
Global IoT Market in Energy Grid Management: The IoT market size in energy grid management market has the potential to grow by USD 16.14 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Global IoT Platform Market: The IoT platform market size has the potential to grow by 1.70 bn during 2020-2024, and the market's growth momentum will decelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
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.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
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
- Overview
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
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201120005486/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
