IoT Gateway Devices Market is Evolving with High Growth Rate by 2027
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.
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.
Owing to these factors, the IoT gateway devices market size is slated to exceed a valuation of USD 20 billion through 2027, as stated by the latest research by GMI, Inc.
Get a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/4819
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.
This Bluetooth-enabled micro-sized gateway will allow LoRaWAN service providers, network operators, solution integrators, and VARs to easily add support for expanding enterprise IoT initiatives to their service portfolios and for the generation of new revenue opportunities.
Europe – a lucrative ground impelling IoT gateway devices market expansion
Europe IoT gateway devices industry 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 industry 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 country’s 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.
How will the rising penetration of ZigBee connectivity technology boost IoT gateway devices industry outlook?
The ZigBee segment in the IoT gateway devices market will depict a CAGR of almost 13% through the projected period owing to the numerous high-end features that are offered by ZigBee connectivity technology: energy efficiency, high-end encryption, and long-range wireless communication of maximum 100 meters. The technology operates on the IEEE 802.15.4 radio frequency RF standard and is primarily utilized for controlling and monitoring devices across the consumer electronics, medical, and industrial sectors.
Request for customization @ https://www.decresearch.com//roc/4819
For instance, in April 2020, Zigbee Alliance launched a strategic partnership with Digital Illumination Interface Alliance for the joint development of IoT luminaries space systems by integrating wireless ZigBee networks and the wired DALI lighting control systems. The strategic agreement is anticipated to further escalate the standardization of IoT gateway devices.
In a nutshell, the surging adoption of PoC (Point-of-Care) diagnostic devices across the healthcare and medical sector will bolster IoT gateway devices market size through the estimated period.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Scope & definition
1.2 Methodology & forecast parameters
1.3 Data Sources
1.3.1 Secondary
1.3.2 Primary
Chapter 2 Executive Summary
2.1 IoT gateway devices market 3600 synopsis, 2016 - 2027
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Connectivity technology trends
2.1.4 Component trends
2.1.5 Application trends
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/iot-gateway-devices-market
About Us: –
DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed ‘Table of Contents’ for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.
Contact Us: –
DecResearch.com
Website: – https://www.decresearch.com
Email: info@decresearch.com