Industrial IoT Gateway – Market Trends, Drivers, and Growth Prospects until 2021

Renewable energy

According to Technavio’s latest market research study, the global industrial IoT gateway market is expected to grow at a CAGR of close to 15% during the forecast period, 2017-2021.

This report by Technavio provides an in-depth analysis of the global industrial IoT gateway market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

Technavio research analysts categorize the market based on the application type

 The top three revenue contributing application segments are discussed below

Global industrial IoT gateway market by remote monitoring: In remote monitoring, IoT is used to configure all machines on a single platform by integrating them into business processes and allowing equipment to be monitored, upgraded, maintained, and serviced in the most convenient manner. Remote monitoring through the IoT is expected to see lower growth compared with that of other segments during the forecast period.

The oil and gas, food and beverages, and water treatment industries are anticipated to account for a majority of the revenue during the forecast period owing to the rising requirement for complex applications to be integrated. The Middle East and Africa, the largest oil providers, are likely to witness the maximum growth in this application segment,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.

Global industrial IoT gateway market by preventive maintenance: Equipment manufacturers, looking at real-time variation in machine parameters, schedule maintenance time for machines. This practice not only saves money but also increases the productivity of the plant due to low shut down time of machines. The US is projected to be the key revenue contributing country in the global industrial IoT gateway market by preventive maintenance owing to the strong industrial presence in the region.

Global industrial IoT gateway market by product optimization: IoT integrates operations of all the factories in a single platform and ensures uniform productivity in every plant by bridging the knowledge gap between nations. The adoption of industrial IoT gateway for product optimization is likely to experience a surge owing to the dynamic competitive environment. The growth of the market segment is anticipated to be led by Europe and the Americas.

The top vendors operating in the global industrial IoT gateway market are:

  • Advantech
  • Dell
  • Hewlett Packard Enterprise

Other prominent vendors in the market include Cisco, Huawei, Siemens, Eurotech, and Lantronix.

A more detailed analysis is available in the Technavio report titled, ‘Global Industrial IoT Gateway Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.

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