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Intelligent Gateways Market Segmented By industry such as Electronics, Healthcare, Automotive and Transportation, Industrial, Retail, BFSI, Military and Defense with enterprise type such as SMEs and Large Enterprises
Technological advancements have resulted in the introduction of advanced technologies such as IoT, cloud computing, and connected devices, among others. Besides, with the increasing penetration of the internet and adoption of smart devices, a continuous and increasing traction of IoT is witnessed since its inception.
However, various challenges, such as collection, retention, security, etc. of a massive data is one of the major complexities witnessed during the implementation of such advanced technologies. Thus, to enable efficient processing, rapid device control, and aggregate, process, transform, and route data at the network edge and central IT systems, intelligent gateways were introduced.
Intelligent gateways act as an intermediary between the datacenter/cloud and device, and enhance the performance and scalability by collecting and processing real-time data and executing solutions at network edges, based on real-time conditions. Intelligent gateways, thus, eliminate the WAN (wide area network) latency, optimize system performance, simplify application development and mitigate risks associated with data loss, service theft, and denial of service attacks.
The intelligent gateways market has witnessed considerable growth in the past four years and is, furthermore, expected to flourish owing to the proliferating adoption of IoT across multiple industry verticals during the forecast period, especially in the BFSI segment.
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One of the primary factors driving the demand for and adoption of intelligent gateways is the increasing penetration of the internet and improving internet connectivity in both developed and developing countries, as intelligent gateways offer a base for the deployment of enhanced IoT across various industry verticals.
In addition to this, continuous innovations and enhancements of IT infrastructure, especially in developing countries such as India, China, and Brazil, is contributing significantly for the growth, in terms of value, of the intelligent gateways market.
The increasing adoption of cloud platform, complimented by the continuous demand for a securely connected environment from the end-users is also expected to impel the deployment of IoT globally, which, as a result, is expected to drive the growth of the intelligent gateways market.
However, lack of infrastructural development for the implementation and adoption of IoT across regions/countries acts as a restraining factor for the global intelligent gateways market.
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Examples of some of the key players in the intelligent gateways market are Intel Corporation, Hewlett Packard Enterprise Development LP, NXP Semiconductors, Cisco Systems Inc., Dell, Texas Instruments Incorporated, TE Connectivity, Advantech Co., Ltd., NEXCOM International Co., Ltd., AAEON, Eurotech, and Panduit Corporation, among others.
The players (manufacturers and vendors offering Intelligent Gateways solutions) are focusing on offering enhanced IoT solutions for various businesses by implementing intelligent gateways, with the help of partnerships and collaborations. For instance, in February 2016, Cisco partnered with Acility to accelerate the production of business models based on IoT, for offering an enhanced operational solution to the enterprises.
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By geography, the global intelligent gateways market can be segmented across North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and others in Asia Pacific, and Middle East & Africa. Among these regions, North America is expected to dominate the global intelligent gateways market during the forecast period, owing to high presence of intelligent platform providers and adoption of IoT across various industry verticals, in the region.
Asia Pacific (including Japan and China) and Europe are expected to follow North America in the global intelligent gateways market. China is, however, expected to exhibit highest growth rate during the forecast period owing to increasing adoption of advanced technologies, advanced smart devices such as smartphones and tablets, and digitalization, in the country. Besides, Latin America is also expected to witness a considerable growth in the global market during the forecast period.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
