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(I-SoftwareNews.Com, April 18, 2018 ) Publisher’s market research analyst predicts the global industrial internet of things (IoT) gateway market to grow steadily at a CAGR of around 15% by 2021. One of the primary drivers for this market is the exponential increase in the amount of data generation due to Industrial IoT. The rise in the number of connected devices in multiple industries has led to massive amounts of data generation. Businesses are making use of the data, through analytics, to optimize costs, enhance delivery services, and boost revenues. Also, the increasing number of connected devices is also raising the concern for controlling the data flow rate and consolidating different connection mediums. Consequently, companies are introducing advanced IoT gateways to deal with large amounts of data in automation and flexible production techniques by enhancing productivity. Moreover, it provides the capability to use different mediums such as LAN, Wi-fi, Bluetooth, and Zig-bee to interact with sensors and devices, allowing useful information to be accessed in real time. These advantages of the IoT gateway are expected to propel the growth of the global industrial IoT gateway market during the forecast period.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. An increasing number of industries trying to achieve operational efficiency and competitive gains through the Industrial IoT is the major driver for the growth of the industrial IoT gateway market in the region. The US is likely to be the leading contributor to the IoT gateway market. This is attributed to the enhanced mobile network infrastructure and augmented adoption of cloud computing in the region. Also, the demand for smart meters in the energy and utility sector is expected to influx growth in the industrial IoT gateway market during the next four years.
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Competitive landscape and key vendors
The global industrial IoT gateway market is moderately concentrated due to the presence of few players in the market. However, the market is aggressively witnessing the entry of many new vendors as the concept of IoT has been rapidly gaining popularity. As a result, vendors should focus on tackling interoperability issues by developing real-world testing platforms and share best practices by building common security frameworks.
Leading vendors in the market are –
AAEON
ADLINK
Advantech
Dell
Hewlett Packard Enterprise
Other prominent vendors in the industrial IoT gateway market include Cisco, Huawei, Siemens, Eurotech, and Lantronix.
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Segmentation by type and analysis of the Industrial Iot Gateway market
Remote monitoring
Prevention maintenance
Production optimization
During 2016, the remote monitoring segment dominated the industrial IoT gateway market and accounted for a major part of the overall market share. The rising requirement for complex applications in the oil and gas, food and beverages, and water treatment industries is the major factor responsible for the growth of this segment in the global market.
Segmentation by end-user and analysis of the industrial IoT gateway market
Process industry
Discrete industry
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Source: EmailWire.Com 
Source: EmailWire.com
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