Exponential Increase in Amount of Data Produced by Businesses to Fuel Growth of Intelligent Gateways Market
The increasing penetration of the internet and improving internet connectivity in both developed and developing countries is driving demand for and acceptance of intelligent gateways, driving global intelligent gateways market. Intelligent gateways provide a foundation for the implementation of expanded IoT across multiple business verticals. Global annual IP traffic is predicted to exceed 4.8 ZB per year, or 396 exabytes, according to a Cisco Systems Inc. report titled ‘Cisco Visual Networking Index’. This is up from 1.5 ZB per year, or 122 EB per month in 2020. The increasing number of wireless and mobile devices around the world is driving the growth of intelligent gateways market. Furthermore, by 2028, wireless and mobile device traffic will account for a sizeable market of overall IP traffic. Apart from that, companies undergoing a digital transformation must combine cloud-based storage with older systems.
The desire for effective disaster recovery and backup, as well as an increasing necessity for data encryption to protect a company's vital information, has fuelled the global expansion of the intelligent gateways market. High implementation costs and problems involved in the digital transformation process inside companies are some of the primary factors limiting the expansion of intelligent gateways market. Moreover, the growth of 5G is opening up a slew of new prospects, particularly in wealthy nations around the world. According to the Cisco Visual Networking Index. 5G devices and connections will account for 8% of worldwide mobile devices and connections by 2028, according to the Cisco Visual Networking Index.
Growing Demand for Intelligent Gateways in Healthcare Industry to Drive Market Growth
Healthcare is expected to be the fastest-growing segment of the intelligent gateways market over the forecast period. IoT gateways in healthcare are transforming the business by allowing providers to remotely monitor patient health via linked medical solutions, as well as collect real-time data and have more time to monitor and analyse data. Air quality sensors, for example, are custom-designed IoT devices that increase the safety of patients admitted for surgical procedures. Sensor modules are connected in a mesh network and transfer data to an internal gateway device at set intervals. Dashboards for cleaning and safety metrics are displayed inside the operation room. It can also be linked to data visualisation tools that provide insights for compliance, operations, and maintenance teams.
Another factor influencing the industry is the global scarcity of healthcare workers. For example, by 2025, the United States is expected to have a physician shortfall of 124,000, which is significantly smaller than the estimated shortages in Asia, and Africa. These factors point to the need for enhanced medical facilities and advances in the healthcare sector, which is predicted to boost the market as demand for innovative and linked medical equipment rises.
Semtech Corporation also announced in April 2020 that several of its customers, including CIAAIoT, IOCA, RisingHF, and EasyLinkin, had integrated Semtech's LoRa devices and the LoRaWAN protocol with cloud-based platforms to deploy smarter IoT-based monitoring applications for residents in quarantine scenarios.
Advancements in Research and Development in IoT to Drive Growth of Asia Pacific Intelligent Gateways Market
Asia Pacific will have the largest share in the upcoming period. The prominent factor contributing to the growth of the IoT gateway market in the Asia Pacific is advancements in research and development in the IoT field to obtain smaller, cheaper, and better devices. In the Asia region, India is growing at a great pace. The Indian government agencies are cooperating with businesses and small businesses to create IoT-enabled ecosystems. According to the ASSOCHAM, IoT will reach an anticipated 2 billion connections in a hyper-connected India by 2022, generating USD 11.1 billion in income.
China's mobile providers, Telecom and Unicom, are forming domestic and international collaborations with vendors and manufacturers to bring the connection to a variety of machines, vehicles, and devices. Although IoT relies on a variety of connectivity technologies, such as Bluetooth, Wi-Fi, ZigBee, and other short-range wireless technologies, mobile networks are critical in China for delivering IoT services, particularly in the fleet management sectors and automotive industry. The Korea KC Certification is an obligatory certification method for electrical and electronic equipment entering the country. The scheme evaluates the product's safety, electromagnetic compatibility (EMC), and radiofrequency (RF) capabilities. The demand and supply from diverse end-users will expand dramatically as the number of IoT gateway certifications grows. In-Hand Networks' IG902 just met all of Korea's product safety criteria in March 2021.
Global Intelligent Gateways Market: Competitive Landscape
In June 2021, Catalyst industrial edge routers for mobile and stationary asset connection, as well as an IoT gateway series for IoT use cases, were introduced by Cisco. Instead of isolated edge settings, the new portfolio of three routers and a new IoT gateway series would link the enterprise network and SD-WAN to the edge, allowing organisations to tap into that valuable data to power connected operations. On the other hand, in June 2021, Advantech and Acronis agreed to integrate their backup capabilities into WISE-PaaS/Device On, a solution for device management and co-design, as part of a global distribution agreement for Enhanced IoT Cyber Protection. This includes Acronis solutions incorporated into Advantech boards and systems, as well as an OPAL-enabled backup option that works with SQFlash particularly.
Few of the players in the intelligent gateways market include Cisco Systems Inc., Dell Inc., Microchip Technology Inc., Advantech Co. Ltd, Hewlett Packard Enterprise Development LP, ADLINK Technology Inc., Huawei Technologies Co. Ltd, Kontron S&T AG, and Samsara Networks Inc.
Global Intelligent Gateways Market is Segmented as Below:
Key Elements Included In The Study: Global Intelligent Gateways Market
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