2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What External and Internal Drivers Are Contributing to the Growth of theIoT Gateway Devices Market?

As 5G technology continues to gain momentum, experts expect this to positively influence the rise of the IoT gateway devices market. The fifth generation of mobile network technology, 5G, is a notable upgrade from its predecessors, namely 2G, 3G, and 4G, or LTE. The shift towards 5G is motivated by the requirement for increased data speed, reduced latency, and expanded network capacity to meet the escalating needs of IoT, streaming services, and emerging technologies like smart cities and self-driving cars. 5G technology employs IoT gateway devices to deliver ultra-fast, minimal-latency connectivity for an array of IoT devices. This allows for effortless communication, data exchange, and the widespread adoption of intelligent applications across numerous sectors. For instance, 5G Americas- a trade organization based in the US, reported in April 2023 that global 5G wireless connections had witnessed an astonishing growth of 76% from the end of 2021 to the finish of 2022, climbing to a sum of 1.05 billion connections. The prediction is that it will exceed the 5.9 billion figure by the end of 2027. Consequently, the rising implementation of 5G technology is fuelling the growth of the IoT gateway devices market for the future.

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How Will the Growth Rate of theIoT Gateway Devices Market Impact Industry Trends by 2034?

There has been a swift escalation in the market size of IoT gateway devices in the past years. This market is projected to expand from $12.86 billion in 2024 to $14.86 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 15.6%. The historic period witnessed significant growth due to factors like the widespread application in the healthcare industry, rising number of connected devices, enhancements in broadband infrastructure, the embracing of cloud computing technology, and transformation of the digital economy.

The market size for IoT gateway devices is predicted to witness substantial growth in the coming years, expanding to $26.22 billion in 2029 with a compound annual growth rate (CAGR) of 15.2%. Factors contributing to the anticipated growth during this forecast period are the widespread use of smart wearables, the rising integration of IoT in healthcare, the progressive trend of industrial automation, increased funding for IoT execution, and the publicity of 5G technology. Key trends throughout this period are expected to include advancements in connection technologies, an increased utilization of AI, updates in communication across different platforms and devices, edge data processing and decision-making, as well as the integration of edge computing.

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Which Upcoming Market Trends and Innovations Are Set to Influence theIoT Gateway Devices Market’s Path Forward?

Leading businesses active in the IoT gateway devices industry are focusing on creating unique products, like aircraft IoT gateways, to ensure real-time tracking and monitoring of freight. These specialized aircraft IoT gateways are unique appliances or systems fitted on planes that enable connectivity, gathering of data, and interaction between numerous inflight systems and outside networks. For instance, OnAsset Intelligence Inc., a supply chain asset management firm from the US, launched the Sentry 600 FlightSafe device, the first-ever dedicated aircraft IoT gateway, in March 2024. This transformative gateway improves the functionality of aircraft by transforming them into virtually connected warehouses, streamlining instant tracking and observation of the cargo area and cabin conditions. Among its functionalities is its ability to detect sensor-fitted cargo, galley carts, and other aircraft assets in real time. Automatically, information from the gateway is redirected to the OnAsset Insight Cloud, allowing staff to utilize dashboards, set rules and alerts, and incorporate data through API functions for consistent analysis. The result is improved operational efficiency, reduced downtime, and enhanced safety and security protocols for stationary aircraft.

Who Are the Dominant Market Players Pushing the Boundaries of theIoT Gateway Devices Market?

Major companies operating in the IoT gateway devices market report are Dell Inc.; Huawei Technologies Co. Ltd.; Intel Corporation Ltd.; Cisco Systems Inc.; Hewlett Packard Enterprise Company; Texas Instruments Incorporated; TE Connectivity Ltd.; STMicroelectronics N.V.; NXP Semiconductors N.V.; Microchip Technology Inc.; Advantech Co. Ltd.; Kontron S&T AG; Pepperl+Fuchs SE; Samsara Networks Inc.; ADLINK Technology Inc.; Aaeon Technology Inc.; NEXCOM International Co. Ltd.; Axiomtek Co. Ltd.; Lantronix Inc.; Eurotech S.p.A.; Winmate Inc.; Laird Connectivity LLC; Neousys Technology Inc.

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What Are the Core Segments of the IoT Gateway Devices Market, and How Do They Contribute to Growth?

The IoT gateway devices market covered in this report is segmented –

1) By Type: Consumer Internet Of Things (IoT) Gateway, Industrial Or Commercial Internet Of Things (IoT) Gateway

2) By Component: Microcontroller Unit (MCU), Field Programmable Gate Arrays (FPGAs), Sensor, Memory, Other Components

3) By Connectivity Technology: Bluetooth, Wi-Fi, Zigbee, Ethernet, Z-Wave, Other Connectivity Technologies

4) By End User: Automotive And Transportation, Healthcare, Industrial, Consumer Electronics, Banking, Financial Services, And Insurance (BFSI), Oil And Gas, Retail, Aerospace And Defense, Other End Users

Subsegments:

1) By Consumer Internet Of Things (Iot) Gateway: Smart Home Gateways, Wearable Device Gateways, Health And Fitness Device Gateways, Smart Appliance Gateways, Personal Assistant Gateways

2) By Industrial Or Commercial Internet Of Things (Iot) Gateway: Industrial Automation Gateways, Smart City Gateways, Connected Vehicles Gateways, Smart Metering Gateways, Commercial Building Automation Gateways

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What Regions Are Dominating the IoT Gateway Devices Market Growth?

North America was the largest region in the IoT gateway devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT gateway devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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