Global IoT Gateway Market was valued US$ 11.5 Bn in 2019 and is expected to reach US$ 95 Bn by 2027, at a CAGR of 30.21 % during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global IoT gateway market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global IoT gateway market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Increasing demand for big data analytics is compelling the IoT gateway market into development in recent days. The demand of analytics is boosting the demand for IoT gateway in the market, such as Big Data supports analyzing sensor data and starts data gathering for many of the industrial machines, like oil refineries, turbines, and others. Also, it is helping organizations in improving their business decisions and innovating new business models, products, and service offerings.
IoT gateway is a node in a computer network which performs numerous critical functions such as device connectivity, protocol translation, data filtering and processing, security, updating, management and more. Gateway routes traffic from a workstation to the outside network that is attending up the web pages. For simple Internet connections at home, the gateway is the internet service provider that offers you access to the entire Internet. An IoT gateway can also be referred to as an intelligent gateway or a control tier.
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