U.S. IoT Gateway Devices Market Size 2021 Industry Forecast | Growth Dynamics To 2027

U.S. IoT Gateway Devices Market Size 2021 Industry Forecast | Growth Dynamics To 2027

The IoT gateway devices market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.

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 patient’s health data, fostering industry expansion.

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Rapidly growing deployment of IoT devices and networks across hospitals and healthcare facilities is slated to push the healthcare application segment growth in the forthcoming period. In 2019, the segment accounted for approximately 15% of the overall industry share. With technology making its way into every facet of the healthcare infrastructure, the segment is projected to expand at a CAGR of 17% through the analysis period.

IoT technology helps improve operating efficiency of healthcare professionals and doctors by enabling them to access the patient’s data and records that is collected through smart sensors, medical wearable devices, as well as connected patient monitoring solutions. Such solutions effectively enable remote monitoring and treatment of patient, which is further impelling the demand for IoT gateway devices in the segment.

In 2019, the sensor component segment accounted for a substantial 20% industry share. Going forward, the segment is projected to register a CAGR of more than 10% through the forthcoming timeframe. The projected market growth is being ascribed to the rising integration of cloud technologies and wireless sensors across residential and industrial sectors. These sensors essentially collect data from their surroundings and further send them as inputs to IoT gateways for processing.

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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 competitive landscape of the IoT gateway devices market is inclusive of players such as Eurotech Group, Laird Connectivity Inc., Siemens AG, Advantech Ltd., Huawei Technologies Co., Ltd., Cisco Systems Inc., Avnet Inc., and Intel Corporation among others.

Major Key Points from Table of Content:

Chapter 6   IoT Gateway Devices Market, By Component (Revenue)

6.1    Key trends, by component

6.2    MCU

6.2.1    Market estimates and forecast, 2016 - 2027

6.3    FPGA

6.3.1    Market estimates and forecast, 2016 - 2027

6.4    Sensor

6.4.1    Market estimates and forecast, 2016 - 2027

6.5    Memory

6.5.1    Market estimates and forecast, 2016 - 2027

6.6    Others

6.6.1    Market estimates and forecast, 2016 - 2027

Chapter 7   IoT Gateway Devices Market, By Application (Revenue, Shipments)

7.1    Key trends, by application

7.2    Wearable devices

7.2.1    Market estimates and forecast, 2016 - 2027

7.3    Healthcare

7.3.1    Market estimates and forecast, 2016 - 2027

7.4    Automotive & transportation

7.4.1    Market estimates and forecast, 2016 - 2027

7.5    Building automation

7.5.1    Market estimates and forecast, 2016 - 2027

7.6    Industrial

7.6.1    Market estimates and forecast, 2016 - 2027

7.7    Consumer electronics

7.7.1    Market estimates and forecast, 2016 - 2027

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