seobhushan (48)

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IoT Gateway Devices Market is projected to reach
CAGR 15 by 2027
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Key Insights from IoT Gateway Devices Market

• IoT gateway devices market trends are driven by
  rising digital transformation and the increasing
  requirement for remote health monitoring and
  connected medical devices across the healthcare
  sector. In addition, IoT technology also provides
  remote monitoring and real-time access to a
  patients health data, fostering industry
  expansion.
• Furthermore, numerous industry participants are
  focusing on new innovations in healthcare-related
  IoT-based devices, boosting market growth through
  the forecast period. For instance, in January
  2021, Zyter, Inc. rolled out Bluetooth-based IoT
  gateway solutions to be deployed in smart
  hospitals. The product will have applications in
  patient monitoring, patient tracking, and
  hospital bed device monitoring applications.
• The demand for IoT gateway devices is increasing
  due to the adoption of new product launches and
  footprint expansion strategies by key market
  players. For instance, in April 2021, Adtran,
  Inc., announced the launch of IoT (Internet of
  Things) Gateway which is based on LoRaWAN
  technology.

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Regional Insights in IoT Gateway Devices Market

• Europe IoT gateway devices market accounted for a
  revenue of nearly 18.5 in 2020. The region is
  expected to expand at a CAGR of around 14.5
  between the period of 2021 and 2027. This upsurge
  is driven by the escalating demand for connected
  devices, consumer electronics, and home
  automation solutions in the region.
• The IoT gateway devices market growth will also
  be boosted by the introduction of new regulations
  and initiatives by the European government for
  the protection of the data and privacy of its
  citizens.
• Considering an instance, in January 2020, the UK
  government formulated a new law for the
  improvement and strengthening of security
  standards for IoT-connected devices in the
  countrys households. This regulation has
  compelled consumer IoT device manufacturers to
  impel a public point of contact and restrict the
  time on devices that receive security updates.

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Major Companies in IoT Gateway Devices Market

• Dell Technologies Inc.
• Huawei Technologies Co.
• Advantech Co., Ltd.
• Intel Corporation, Ltd.
• ADLINK Technology Inc.
• Laird Connectivity, Inc.

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Industry Coverage

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