News

The global IoT gateway market is projected to grow from USD 1.86 billion in 2023 to USD 3.51 billion by 2028, with a CAGR of 13.55% during the forecast period. IoT gateways play a crucial role in connecting traditional and next-generation devices to the Internet of Things. They perform essential functions such as data filtering, protocol translation, device connectivity, and security.

The increasing demand for IoT-enabled devices and personalized technologies is driving the growth of the IoT gateway market. Edge deployments are expected to become a key component of IoT integration, allowing for seamless integration and communication among connected devices.

The healthcare sector is expected to hold a significant share in the IoT gateway market. IoT gateways are revolutionizing the healthcare industry by enabling providers to remotely monitor patient health, collect real-time data, and analyze it for better patient care. Custom-designed IoT devices improve the safety and monitoring of surgical cases, enhancing patient outcomes.

The Asia-Pacific region is set to dominate the IoT gateway market. The region has witnessed significant advancements in research and development, leading to the development of smaller, cheaper, and more efficient IoT devices. Government organizations in countries like India are actively collaborating with enterprises and SMBs to establish IoT-enabled ecosystems, further boosting market growth.

In terms of recent developments, AsiaRF released the world’s first Wi-Fi CERTIFIED HaLow IoT gateway in June 2023. This breakthrough discovery, driven by the MM6108 Wi-Fi HaLow SoC, will significantly contribute to the expansion of global IoT ecosystems. Additionally, Robustel launched its next-generation IoT gateway, offering customers a Linux Debian11 environment with support for Docker-based applications.

The IoT gateway market is segmented based on components, connectivity, end-users, and geography. The key connectivity options include Bluetooth, Wi-Fi, ZigBee, Ethernet, and Cellular connectivity. Major end-users include industries such as healthcare, manufacturing, transportation, and retail.

Overall, the IoT gateway market presents significant opportunities for start-ups, industry players, investors, researchers, and consultants. With the growing demand for IoT-enabled devices and the increasing adoption of edge deployments, the market is expected to witness substantial growth in the coming years.

The post IoT Gateway Market Expected to Reach USD 3.51 Billion by 2028 appeared first on satProviders.