Industrial IoT Gateway Market will Exhibit Positive Impact During 2020-2024 | Leveraging Manufacturing Data For Predictive Maintenance to Improve the Market Growth | Technavio

Technavio has been monitoring the industrial IoT gateway market, operating under the information technology industry. The latest report on industrial IoT gateway market, 2020-2024 estimates it to register an incremental growth of USD 1.12 billion, at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Industrial IoT Gateway Market 2020-2024 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Advantech Co. Ltd., ASUSTeK Computer Inc., Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., Intel Corp., NXP Semiconductors NV, Siemens AG, and Super Micro Computer Inc. are among some of the major market participants.

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Increased focus on edge computing has been instrumental in driving the growth of the market. However, the high installation cost due to the need for multiple gateways might hamper the market growth.

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Industrial IoT Gateway Market 2020-2024: Segmentation

Industrial IoT Gateway Market is segmented as below:

• End-user
  • Process
  • Discrete
• Geographic Landscape
  • North America
  • APAC
  • Europe
  • South America
  • MEA

Based on geographic segmentation, over 36% of the market growth originated from North America during the forecast period. In addition, the process segment led the growth under the end-user segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.

Industrial IoT Gateway Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The industrial IoT gateway market report covers the following areas:

• Industrial IoT Gateway Market Size
• Industrial IoT Gateway Market Trends
• Industrial IoT Gateway Market Industry Analysis

This study identifies the increasing focus on providing end-to-end service as one of the prime reasons driving the Industrial IoT Gateway Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Industrial IoT Gateway Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist industrial IoT gateway market growth during the next five years
• Estimation of the industrial IoT gateway market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial IoT gateway market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial IoT gateway market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Process - Market size and forecast 2019-2024
• Discrete - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Advantech Co. Ltd.
• ASUSTeK Computer Inc.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Hewlett Packard Enterprise Co.
• Huawei Investment & Holding Co. Ltd.
• Intel Corp.
• NXP Semiconductors NV
• Siemens AG
• Super Micro Computer Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201023005344/en/