According to a recent study titled ‘IoT Gateway Devices Market Size, By Connectivity Technology, By Component, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global IoT gateway devices market is expected to accrue notable returns through 2026.
 

As per the findings of the report, increasing deployment of IoT network by telecom providers, rising internet penetration, and growing adoption of IoT technologies across various industry verticals are the major growth drivers of global IoT gateway devices market growth. However, lack of proper regulatory framework for IoT technologies and rising concerns regarding cybersecurity threats will negatively impact the industry outlook over the forecast period.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2969032/
 

For the uninitiated, an IoT gateway, also known as a control tier or intelligent gateway, facilitates device-to-cloud communication and device-to-device communication. Data aggregation, additional layers of security, pre-processing, cleaning and filtering of data before sending, are the main features that are encouraging the adoption of IoT gateway devices. Further, these devices also assist in caching data, buffering and streaming services, configuring devices and management. Hence, the vast application potential of these devices is likely to accelerate the expansion of global IoT gateway devices industry in the coming years.  
 

Based on connectivity technology, z-wave segment captured 5% of global gateway devices market share in 2019 and is anticipated to witness modest gains in the upcoming years, attributable to increasing product deployment in home and office networks. Z-wave protocol is a wireless radio-frequency based communication technology specifically designed for monitoring, controlling, and tracking the the status of household applications. It also supports full mesh networks, enabling several Z-Wave devices to communicate with each other simultaneously.
 

Elaborating on the component type, FPGA segment accounted for about 15% of global gateway devices market share in 2019. FPGA will continue to witness a sustained demand in the forthcoming years owing to its feature of re-programming as per the application requirements.
 

Speaking of the application spectrum, building automation segment in global IoT gateway devices market accounted 10% share in 2019 and is likely to gain considerable traction over the forecast timeline, driven by rising trend of automating maintenance in residential as well as in commercial buildings.
 

Considering the regional outlook, Latin America IoT gateway industry share was 5% in 2019 and is expected to grow significantly owing to the ongoing digital economy transformation in tandem with rising deployment of IoT network by telecom providers. Whereas, the European market is largely driven by increasing integration of IoT technologies in the healthcare sector.
 

Key players influencing global IoT gateway devices market trends are Intel Corp., Huawei Technologies Co., Ltd., Hewlett Packard Enterprise (HPE), Eurotech S.p.A., Digi International, Inc., Dell Technologies, Inc., Cisco Systems, Inc., Axiomtek Co., Ltd., Avnet, Inc., and AWS, Inc., among others.