Technology

Increasing Need For Adapted IoT Gateways To Accelerating The Global Industrial IoT Gateway Market

Global Industrial IoT Gateway Market is expected to reach around USD 2,100 million by 2025, at a CAGR of 12.5% between 2019 and 2025

An IoT (Internet of Things) gateway is a physical device that operates as the link amid the cloud and sensors, controllers, & intelligent devices. IoT gateway carries many significant functions like protocol translation, device connectivity, security & data updating, and data filtering & processing. The demand for big data analytics improves the demand for IoT gateway across the market since big data aids analyzing sensor data and initiates data collection for many industrial machines, like turbines, oil refineries, and others. In addition, it assists organizations in maximizing their business choices and innovating novel business products, models, and service offerings.

The accessibility of edge computing has simplified the process of data analysis by processing the data closer to the edge as per the source of the network. This technology makes sure that the processing of data and local computing is comprehensive, and the required data is transmitted to the server. In industries like oil & gas and metal & mining where operations are carried out at remote locations, the utilization of edge computing offers the possibility for making the vital data available to locally mounted servers, therefore eliminating latency. The surging need for adapted IoT gateways will have a constructive impact on the market and aid for its growth considerably during the forecasted period.

Vendors are ever more providing novel aspects in their industrial IoT gateway products with extra support tools to distinguish their products across the market. The modular IoT gateways back various kinds of wireless protocols like Thread, Wi-Fi, and ZigBee. The accessibility of several field devices along with wide-ranging protocols has augmented the need for multi-protocol backing gateways. Consequently, the surging need for adapted IoT gateways will be one of the noteworthy industrial IoT gateway market movements in the future.

As per analysts, the growing implementation of IoT-linked devices has boosted the need for industrial IoT gateways to enhance real-time data tests. This technology is not only limited to the IT industry but it is also used in industries such as automotive, medical device manufacturing, and many more. The global industrial IoT gateway market is anticipated to speed up over the next few years, driven by a surge in demand for IoT gateway devices owing to the rising need for data analysis and collection to solve complicated maintenance tasks. Many end-users are moving toward predictive maintenance since it aids in decreasing production downtime and augments operational efficiency that is going to favor the development of the global market. In addition, the increasing need for IoT gateway architecture to improve the effective interaction amid machines with augmented data sets is likely to drive the global market over the upcoming few years.

Many leading industrial IoT gateway vendors are focused on developing their product launches by taking over peer companies and augmenting vertical integration to enhance the product development process. On a similar note, recently Cisco launched comprehensive security architecture for the industrial IoT. This IoT security architecture presents better visibility in both IT & OT environment and protects industrial processes.

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