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Global Industrial IoT Gateway Market 2020: Industry Trends and Investigation Growth Rate, consumption by Regional data, End-user Segmentation | Key Companies a Showing Impressive Growth by 2024

LONDON–(BUSINESS WIRE)–#GlobalIndustrialIoTGatewayMarket–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.


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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.

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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

  • 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.

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