IoT Gateway Devices Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global IoT Gateway Devices Market was valued at USD 11.1 billion in 2023 and is projected to grow at a CAGR of over 10% from 2024 to 2032. The rise of connected devices, driven by the Internet of Things (IoT), is transforming industries by enabling real-time data collection, enhancing operational efficiency, and improving decision-making. Advanced network technologies like 4G LTE Cat 6, carrier aggregation, and 5G are significantly impacting the IoT gateway market. Wireless standards such as 5G, Wi-Fi 6, and Low Power Wide Area Network (LPWAN) technologies are enhancing IoT gateway devices' capabilities. Enhanced 4G LTE versions like LTE Cat 6 and LTE Cat 12 provide higher speeds and better network performance.

The overall IoT gateway devices industry is classified based on connectivity technology, application, function, power source, component, end use , deployment, and region.

The market is segmented by deployment into on-premises, cloud, and hybrid. The on-premises segment held a major share of the market in 2023 and is expected to exceed USD 15 billion by 2032. Edge computing is a significant trend in the on-premises segment, focusing on local data processing near the data source. This trend is driven by the need for real-time processing and decision-making in complex, data-intensive IoT applications. Additionally, integrating advanced analytics and AI into on-premises IoT gateway devices is growing, allowing for complex data analysis and actionable insights locally.

Based on connectivity technology, the market segments include Bluetooth, Wi-Fi, Ethernet, ZigBee, LoRaWAN, 5G, NB-IoT, and others. The Wi-Fi segment is the dominant segment, with a CAGR of over 14.5% from 2024 to 2032. The adoption of Wi-Fi 6 (802.11ax) and Wi-Fi 6E technologies is a prominent trend, providing significant improvements in performance, efficiency, and capacity. Mesh networking, which allows multiple Wi-Fi access points to work together to extend coverage and improve network reliability, is also gaining traction.

The IoT gateway devices market is experiencing growth in North America, expected to reach USD 13 billion by 2032. North America, particularly the U.S., is a leading market due to its strong technological infrastructure and early adoption of IoT technologies. The IoT gateways demand in the region is fueled by the growing need for advanced connectivity solutions across industries such as healthcare, automotive, and smart cities. Furthermore, the increasing adoption of smart city initiatives in the U.S. is accelerating the deployment of IoT gateways, which are essential for supporting smart infrastructure, efficient traffic management, and energy-saving urban environments.

Product Code: 4819

Chapter 1 Scope and Methodology

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2024 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology and innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Rapid increase in the number of connected devices across various industries and faster network
  - 3.7.1.2 Growing evolution of wireless technologies
  - 3.7.1.3 Rising need for real-time data analysis and decision-making in applications
  - 3.7.1.4 Increasing emphasis on security and data privacy
  - 3.7.1.5 Growing integration with cloud and edge computing
- 3.7.2 Industry pitfalls and challenges
  - 3.7.2.1 Security and privacy concerns
  - 3.7.2.2 Interoperability and standardization issues
3.8 Growth potential analysis
3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Connectivity Technology, 2021 - 2032 (USD Million)

5.1 Warehousing services
5.2 Bluetooth
5.3 Wi-Fi
5.4 ZigBee
5.5 Ethernet
5.6 LoRaWAN
5.7 NB-IoT
5.8 5G
5.9 Others

Chapter 6 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million)

6.1 Key trends
6.2 Wearable devices
6.3 Healthcare
6.4 Automotive and transportation
6.5 Building automation
6.6 Industrial IoT
6.7 Consumer electronics
6.8 Smart cities
6.9 Environmental monitoring
6.10 Agriculture
6.11 Energy management
6.12 Other

Chapter 7 Market Estimates and Forecast, By Function, 2021 - 2032 (USD Million)

7.1 Key trends
7.2 Control gateways
7.3 Data gateways
7.4 Communication gateways
7.5 Security gateways
7.6 Edge computing gateways

Chapter 8 Market Estimates and Forecast, By Power Source, 2021 - 2032 (USD Million)

8.1 Key trends
8.2 Battery-powered
8.3 Wired power supply
8.4 Hybrid (battery with backup power)
8.5 Solar-powered
8.6 Other renewable sources

Chapter 9 Market Estimates and Forecast, By Component, 2021 - 2032 (USD Million)

9.1 Key trends
9.2 Hardware
- 9.2.1 Processors
- 9.2.2 Sensors
- 9.2.3 Memory devices
- 9.2.4 Connectivity ICs
- 9.2.5 Enclosures
- 9.2.6 Power management units
- 9.2.7 Other hardware components
9.3 Software
- 9.3.1 Device management
- 9.3.2 Analytics
- 9.3.3 Security
- 9.3.4 Data processing
9.4 Firmware

Chapter 10 Market Estimates and Forecast, By End-Use Industry, 2021 - 2032 (USD Million)

10.1 Key trends
10.2 Automotive and transportation
10.3 Healthcare
10.4 Retail
10.5 Manufacturing
10.6 Building automation
10.7 Consumer electronics
10.8 Agriculture
10.9 Energy and utilities
10.10 Defense and security
10.11 Logistics
10.12 Hospitality
10.13 Other industries

Chapter 11 Market Estimates and Forecast, By Deployment, 2021 - 2032 (USD Million)

11.1 Key trends
11.2 On-premises
11.3 Cloud
11.4 Hybrid

Chapter 12 Market Estimates and Forecast, By Enterprise Size, 2021 - 2032 (USD Million)

12.1 Key trends
12.2 Small and medium enterprises (SME)
12.3 Large enterprises

Chapter 13 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)

13.1 Key trends
13.2 North America
- 13.2.1 U.S.
- 13.2.2 Canada
13.3 Europe
- 13.3.1 UK
- 13.3.2 Germany
- 13.3.3 France
- 13.3.4 Italy
- 13.3.5 Spain
- 13.3.6 Rest of Europe
13.4 Asia Pacific
- 13.4.1 China
- 13.4.2 India
- 13.4.3 Japan
- 13.4.4 South Korea
- 13.4.5 ANZ
- 13.4.6 Rest of Asia Pacific
13.5 Latin America
- 13.5.1 Brazil
- 13.5.2 Mexico
- 13.5.3 Rest of Latin America
13.6 MEA
- 13.6.1 UAE
- 13.6.2 Saudi Arabia
- 13.6.3 South Africa
- 13.6.4 Rest of MEA

Chapter 14 Company Profiles

14.1 Advantech
14.2 Cisco Systems, Inc.
14.3 CWT(HK) Co., Limited
14.4 Dell Technologies
14.5 Eurotech SPA
14.6 Four-Faith
14.7 Fujitsu Ltd.
14.8 Hewlett Packard Enterprises Company
14.9 Huawei Technologies Co. Ltd.
14.10 Intel
14.11 Janz Tec
14.12 Laird Connectivity, Inc.
14.13 Lantronix Inc.
14.14 Libelium Comunicaciones
14.15 Mitsubishi Electric Corporation
14.16 Multi-Tech Systems, Inc.
14.17 NEC Corporation
14.18 Phytec Embedded
14.19 Robert Bosch GmbH
14.20 Shanghai Shuncom Smart Technology Co., Ltd
14.21 Siemens AG
14.22 Sierra Wireless, Inc.
14.23 TEKTELIC Communications Inc
14.24 Teltonika
14.25 Toshiba Corporation