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Industrial IoT Gateway Market to grow at a CAGR of 16.63% from 2021 to 2025 | Advantech Co. Ltd. and ASUSTeK Computer Inc. among Key Vendors | Technavio
NEW YORK, Oct. 12, 2021 /PRNewswire/ -- The industrial IoT gateway market size is expected to grow by USD 1.25 billion and accelerate at a CAGR of 16.63% from 2021 to 2025. This market research report by Technavio offers key insights into the latest drivers, challenges, and trends, as well as an analysis of the best-performing regions and market segments.
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Drivers and Challenges
Technavio has identified the major drivers and challenges that impact the industrial IoT gateway market. According to our research, leveraging manufacturing data for predictive maintenance is propelling market growth. However, factors such as high installation cost due to the need for multiple gateways may hamper the market during the forecast period.
Market Segmentation
The industrial IoT gateway market has been segmented by geography into North America, APAC, Europe, South America, and MEA. During the forecast period, 36% of the market's growth will originate from APAC, with China being the key country.
Based on end-user, the industrial IoT gateway market has been segmented into the process and discrete. The process segment will have significant market share growth during the forecast period.
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Key Vendors and Offerings:
Technavio has identified key vendors operating in the market. These include Advantech Co. Ltd., ASUSTeK Computer Inc., Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Intel Corp., NXP Semiconductors NV, Siemens AG, and Super Micro Computer Inc. The key offerings of some of these vendors are mentioned below:
- Advantech Co. Ltd: The company offers IoT Gateway starter kit created in collaboration with Intel and Microsoft.
- ASUSTeK Computer Inc: The company offers IoT Gateway under the brand name AIOT-IGWS01.
- Cisco Systems Inc: The company offers IoT Gateway under the brand name Cisco IG20R Rugged Series IoT Gateways.
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Industrial IoT Gateway Scope
| Report Coverage
| Details
| Page number
| 120
| Base year
| 2020
| Forecast period
| 2021-2025
| Growth momentum & CAGR
| Accelerate at a CAGR of 16.63%
| Market growth 2021-2025
| USD 1.25 billion
| Market structure
| Fragmented
| YoY growth (%)
| 16.41
| Regional analysis
| North America, APAC, Europe, South America, and MEA
| Performing market contribution
| APAC at 36%
| Key consumer countries
| US, China, Germany, Canada, and UK
| Competitive landscape
| Leading companies, competitive strategies, consumer engagement scope
| Companies profiled
| Advantech Co. Ltd., ASUSTeK Computer Inc., Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., Intel Corp., NXP Semiconductors NV, Siemens AG, and Super Micro Computer Inc.
| Market Dynamics
| Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, future consumer dynamics, market condition analysis for the forecast period
| Customization purview
| If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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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.
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Website: www.technavio.com/
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