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$1 Billion Worldwide Industrial IoT Gateways Industry to 2027 - Impact of COVID-19 on the Market
DUBLIN, Feb. 4, 2021 /PRNewswire/ -- The "Industrial IoT Gateways - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
 The publisher brings years of research experience to the 7th edition of this report. The 144-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Industrial IoT Gateways Market to Reach $2.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Industrial IoT Gateways estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$2.6 Billion by 2027, growing at a CAGR of 14.5% over the period 2020-2027.
Process Industry, one of the segments analyzed in the report, is projected to record 15.1% CAGR and reach US$1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Discrete Industr segment is readjusted to a revised 13% CAGR for the next 7-year period.
The U.S. Market is Estimated at $301.3 Million, While China is Forecast to Grow at 13.9% CAGR
The Industrial IoT Gateways market in the U.S. is estimated at US$301.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$456 Million by the year 2027 trailing a CAGR of 13.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.9% and 12.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.5% CAGR.
Competitors identified in this market include, among others:
- AAEON Technology Inc.
- Advantech Co., Ltd.
- Cisco Systems, Inc.
- Dell Technologies
- Hewlett Packard Enterprise Development LP (HPE)
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Industrial IoT Gateway Competitor Market Share Scenario Worldwide (in %):2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 46
For more information about this report visit https://www.researchandmarkets.com/r/r60peb
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
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SOURCE Research and Markets
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