Internet of Things (IoT) Gateways: An Overview
The Internet of Things (IoT) refers to the interconnectivity of everyday objects with the internet, enabling them to collect and exchange data. With billions of IoT devices expected to be in use in the coming years, there is a growing need for gateways that can manage the flow of data between devices and the cloud. IoT gateways act as intermediaries between connected devices and the cloud, providing a range of key functions that enable IoT solutions to be deployed at scale.
IoT Gateways Market Size was valued at USD 1200 Million in 2022. The IoT Gateways market industry is projected to grow from USD 1398.4 Million in 2022 to USD 3400.4 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 13.53% during the forecast period (2022 - 2030)
The increasing use of wireless sensors to facilitate the rapid transmission of data is one of the biggest factors driving the IoT gateways market. Emergence of edge computing which allows devices such as actuators and smart sensors to power micro-service architectures can positively impact the market. Demand for gateways which can function as endpoints in industry verticals such as healthcare to reducing the complexity in network architecture will bode well for the market in the forthcoming years. But high maintenance costs of these cyber-physical systems may impede the market growth.
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An IoT gateway is an intelligent device that aggregates and filters data from connected devices before forwarding it to the cloud for storage and analysis. The gateway can perform a range of functions, including connectivity management, data processing, and security.
IoT gateways offer several benefits. They can help reduce the load on cloud servers by filtering out unnecessary data and only forwarding relevant information. This can help reduce data transmission costs and improve the overall efficiency of an IoT solution. Additionally, the gateway can provide advanced analytics capabilities by processing data locally, enabling real-time insights and decision-making at the edge.
IoT gateways can also improve security by acting as a firewall between the devices and the cloud, preventing unauthorized access to the system. The gateway can also encrypt data in transit and authenticate devices before allowing them to connect to the network.
There are several types of IoT gateways, including edge gateways, cloud gateways, and protocol gateways. Edge gateways are located close to the devices themselves and enable edge computing capabilities that can provide real-time insights and decision-making. Cloud gateways are typically located in data centers and provide centralized data management and storage capabilities. Protocol gateways enable the translation of data between different protocols, making it possible for devices that use different standards to interact with one another.
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In conclusion, IoT gateways are essential components of IoT solutions, providing key functions such as connectivity management, data processing, and security. There are several types of IoT gateways available, depending on the specific requirements of the IoT solution. With the number of IoT devices set to continue growing, the market for IoT gateways is expected to grow significantly in the coming years. Businesses that are planning to deploy IoT solutions should carefully consider their gateway options to ensure that they choose the right solution for their needs.
Key Companies in the IoT Gateways market includes.
- Texas Instruments Incorporated
- NXP Semiconductors
- TE Connectivity Ltd,
- Hewlett Packard Enterprise Co.
- Microchip Technology Inc.
- Dell Technologies
- Aaeon Technology Inc.
- Nexcom International Co., Ltd.
- Helium Systems, Inc.
- STMicroelectronics N.V.
- Adlink Technology Inc.
- Eurotech S.P.A. ZeroStack, Inc
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